WASHINGTON

The Federal Reserve Board's Consumer Advisory Council recommended simplifying rate disclosures for homebuyers and tightening limits on fees for home equity loans. But they disagreed over the best approach. Page 2

The new president of America's Community Bankers, says his No. 1 priority is persuading lawmakers to leave the thrift charter alone. Page 6

CORPORATE FINANCE

Last week's stock market volatility sent chills through the high-yield market, widening spreads and temporarily slowing new issuance. Page 7

REGIONAL BANKING

Old National Bancorp of Evansville, Ind., named a new chairman and chief executive officer. Page 9

INVESTMENT PRODUCTS

The existence of the Internet meant that investors had access to more stock price information during last week's turmoil than in 1987, when those phoning brokers could not get through. Page 10

TECHNOLOGY

First Virtual Holdings, known to bankers mostly as an Internet payment system developer, is redefining itself with a new Internet messaging product. Page 14

MORTGAGES

From the Hamptons to Seattle's lakefront mansions, sellers of luxury homes are betting their upscale customers won't be scared away by the market's plunge. Page 16

COMMUNITY BANKING

When F&M Bancorp of Frederick, Md., closes its branch in rural Urbana, the employees don't hang up a "closed" sign and lock the front door. They hit the road. Page 18

CREDIT/DEBIT/ATMs

Global Payment Systems and Alliance Data Systems have entered an agreement to process cobranded credit cards. Page 23

MARKET MONITOR

Stock repurchase programs, after falling from favor because of high stock prices, may suddenly be back in vogue in the wake of the market's downdraft. Page 33

WEEKLY REPORT: SMALL BUSINESS

Banks are beginning to use their data bases to identify profitable small-business customers, cross-sell products, and find new prospects. Page 20

PNC Bank is offering loans at prime rate for five years and waiving a slew of fees on its checking accounts to get new small-business deposits. Page 21

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