WASHINGTON

House Speaker Newt Gingrich gave the leaders of the Banking and Commerce committees until Wednesday to reach a compromise on stalled financial reform legislation. Page 2

Regulators are not prepared to scrap fixed regulatory capital requirements in favor of internal models developed by large banks, Federal Reserve Board Chairman Alan Greenspan said. Page 2

MORTGAGES

Americus, Ga.-based Habitat for Humanity International closed its second securitization deal to help raise capital for its mission of building affordable homes using volunteer labor. Page 10

First Mortgage Network of Plantation, Fla., agreed to acquire American Finance and Investment, an Internet lender. Page 10

CORPORATE FINANCE

First Union completed its biggest junk bond assignment ever, sole- managing a $300 million issue of senior subordinated notes for Galey & Lord, a fabric manufacturer based in Greensboro, N.C. Page 12

REGIONAL

Brick-and-mortar branches will remain an important vehicle for delivering retail products and services, but employees must do more than take deposits and make loans, Chase vice chairman Donald Boudreau said at an American Banker conference in Phoenix. Page 6

INVESTMENT PRODUCTS

Several banks are preparing to convert assets from common trust funds to proprietary mutual funds, indicating that a trend that began in 1996 is likely to continue unabated. Page 11

Third-party marketers may not be doomed after all, a Dalbar study suggests. Page 11

TECHNOLOGY

The two-year makeover of Broadway & Seymour, a Charlotte, N.C.-based developer of branch automation software, will need more time to set before the company fully returns to financial health. Page 13

Bankers Systems of St. Cloud, Minn., is joining the growing list of companies, including major financial institutions, that use Vantive software to help automate their sales processes. Page 13

CARDS

Officials from more than 100 federal agencies got their first glimpse of the commercial card systems that six companies have crafted for their use. Page 14

MARKETS

Sovereign Bancorp of Pennsylvania is said to be on the prowl for yet another acquisition target, which may be making some investors nervous. Back page

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