In the spirit of Texas cowboys who ride alone on the range, Robert McTeer, president of the Dallas Fed, isn't afraid to go solo on policy issues. Page 4 WASHINGTON House Banking Chairman Jim Leach has hinted he's willing to ease his opposition to letting banks enter commercial businesses. Page 2 REGIONAL BANKING OREGON'S U.S. Bancorp seems a prime target. Page 5 Florida bankers have asked the state to limit membership in state-chartered credit unions. Page 6 MORTGAGES A new way to package home-equity loans could start a trend--or set a time bomb ticking. Page 8 The CEO of Barnett's subprime unit quit. Page 8 INVESTMENT PRODUCTS INSURANCE: Hibernia has entered the business with a direct-marketing campaign. Page 10 UMB Financial created a private client group of 32 "financial concierges" to focus on service. Page 11 CREDIT/DEBIT/ATMs Boeing Employees' Credit Union is revamping its Visa card to encourage more spending. Page 12 COMMUNITY BANKING Paul Nadler questions whether limiting nonbank access to the payment system is in banks' interest. Page 13 TECHNOLOGY THOUGH bankers may find E-money cutting-edge, to the digerati it's a foregone conclusion. Page 14 CONTROL over the payment system is a big issue in Washington--and now in cyberspace as well. Page 15 M&A REVIEW When Summit Bancorp said it was going after yet another major slice of the New Jersey banking market, investors cheered. Page 18 Two Massachusetts institutions are pursuing slightly different routes to enhance revenues. Page 18 MARKET MONITOR the IRS will face a fight over plans to retroactively close a tax loophole for issuers of so-called step-down REIT preferred securities. Page 22 Citi shares drifted lower on news of a downgrade by an old fan--Donaldson, Lufkin & Jenrette. Page 24
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