WASHINGTON

Ten small thrifts will not have to ante up Nov. 27 when the rest of the industry pays billions to bolster the Savings Association Insurance Fund. But they may be getting a raw deal. Page 2

Thrifts are demanding a full refund of fourth-quarter premiums paid to the Savings Association Insurance Fund. Page 3

The New York Fed launched a comprehensive review of how banks in its region guard their computer systems from on-line pirates and joy-seeking hackers. Page 3

COMMUNITY BANKING

The Midwest is likely to remain the most fragmented banking region in the country, because of dozens of institutions that are too small and too isolated to attract notice. Page 6

A former chief economist at Wells Fargo joins nearly a dozen former top executives from the bank and First Interstate who have accepted posts at Pacific Bank, to beef up its trust and lending units. Page 6

INVESTMENT PRODUCTS

Sales revenues at bank broker-dealer units grew 146% in the third quarter by one common measure from the same period last year, according to a study by Kenneth Kehrer Associates. But the units' profit margins were down. The Princeton, N.J., research firm said that for every $1 million of retail deposits, banks tallied $1,371 of investment services revenue in the third quarter, up from $556 in the same period last year. Page 8

Keystone Investments of Boston named a senior vice president to fill a vacancy on its stock portfolio management team. Page 8

MORTGAGES

An Office of Thrift Supervision official says the agency would consider thrift requests to set up captive mortgage reinsurance subsidiaries on a case-by-case basis. Page 10

Alltel Information Services will hook up several national and regional lenders to Prudential Real Estate Affiliates to market mortgages to homebuyers in realty offices. Page 11

FINANCE

Bankers Trust New York led the first securitization ever of Panamanian assets in a $55 million deal. Back page

First Chicago NBD's stock rating was lowered by two analysts who said the shares were due to cool off after surging 19% in a month. Back page

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