WASHINGTON

A mortgage disclosure reform proposal issued to Congress revealed deep divisions between the Fed and HUD, the two agencies that authored it. Page 2

INVESTMENT PRODUCTS

INSURANCE: As it digests the three Fleet Financial branches it bought this year, Bangor Savings Bank of Maine is launching an insurance program. Page 9

COMMUNITY

Richmond County Financial, Staten Island, N.Y., announced back-to-back deals valued at more than $200 million in stock. Page 15

CARDS

Cartel Network said it has signed 10 upstate New York institutions, bringing its membership in the state to 46. Page 16

MasterCard International wants to offer member banks technology to help trim fraud losses. Page 16

REGIONAL

Profits at Bank of New York rose 10% on robust fee growth, particularly in securities processing. The $63 billion-asset company said fee revenues made up 58% of its total. "Fee income is mak-ing up for margin compression and much slower net interest income growth," says Credit Suisse analyst Bradley Ball. Page 8

MORTGAGES

As real estate investment trusts and other investors have sold adjustable-rate mortgages in recent weeks, Wall Street has stepped in as a major buyer. Page 18

DIGITAL FRONTIERS

ELECTRONIC COMMERCE: Its network to exchange financial information on corporate transactions is dead, but Edibanx is pursuing a future in electronic commerce. Page 19

TECHNOLOGY

The Financial Services Technology Consortium wants to bring check clearing-more specifically, check truncation-into the 21st century. Page 20

CORPORATE FINANCE

Bridger Commercial Funding, a new commercial mortgage conduit, wants to bring small community banks into an arena that has been dominated by Wall Street. Page 29

MARKETS

Shares of First Virginia Banks rose 6% as investors bid up what will soon be Virginia's largest independent banking franchise. Back page

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