December 1998

A77

Index to Volume 84

GUIDE TO PAGE REFERENCES IN MONTHLY ISSUES

Issue Text "A" Pages Issue Text "A" pages

Index to Index to tables tables January .. 1- 76 1-76 66 July 517- 584 1-80 66 February . 77-154 1-86 76 August 585- 702 1-86 76 March ... 155-240 1-78 66 September . 703- 810 1-96 80 April 241-308 1-80 64 October 811- 896 1-78 66 May 309-390 1-90 74 November . 897-1024 1-92 76 June 391-516 1-78 64 December . 1025-1132 1-88 64

The "A" pages consist of statistical tables and reference information. Statistical tables are indexed separately (see p. A64 of this issue).

Pages Pages Agricultural loans 1-21 holding companies Alexander, Lewis S., appointed Deputy Director, Elimination of duplicative approval requirements 727 Division of International Finance 941 Index of orders and actions taken by the Board .. 69, 297-9, 566, Allison, Theodore E., Assistant to the Board, Federal 887, 889 Reserve note and Euro bank note, statement 1054-56 Small shell, revision in supervisory policy 37 Annual Report, 84th. 1997 455 Tier 1 and 2 leverage capital standard 538, 673, 833^14 Annual Report, Budget Review, 1998-99 455 Bank Holding Company Act of 1956 Anti-money-laundering efforts, statement 639^43 Applications approved under Antitrust issues 619-27, 705 1855 Bancorp 568, 801 Articles 1st Brookfield, Inc., Employee Stock Ownership Plan ... 694 Bank merger policy and the new CRA data 703-15 1 st Choice Financial Corporation 373 Credit risk rating at large U.S. 897-921 ABN AMRO Bank, N.V., Amsterdam, Industrial production and capacity utilization: the Netherlands 513 Annual revision and 1997 developments 77-91 ABN AMRO Holding, N.V., Amsterdam, Monetary policy reports to the Congress 155-73, 585-603 the Netherlands 512, 513 New information on lending to small businesses ABN AMRO Incorporated 513 and small farms: The 1996 CRA data 1-21 ABN AMRO North America, Inc 512 New summary measures of the foreign exchange Acadiana BancShares, Inc 1020 value of the dollar 811-18 Advance Bancorp, Inc 1129 Alabama National Bancorporation 70, 568, 890 Open market operations during 1997 517-32 Albert J. Ortte Family Limited Partnership 803 Profits and balance sheet developments at U.S. Alliance Bancorporation, Inc 301 commercial banks in 1997 391^119 Alliance Bancshares, Inc 801 Recent changes to the Federal Reserve's Survey of Allied Irish Banks, P.L.C., Dublin, Ireland 567 Terms of Business Lending 604-15 Amador Merger Corporation 71 Recent developments in home equity lending 241-51 Ambank Company, Inc 303 Thrift involvement in commercial and industrial AMCORE Financial, Inc 237 lending 1025-37 AmCorp Financial. Inc 801 Treasury and Federal Reserve foreign Ameribanc, Inc 145, 509, 694, 800 exchange operations 174-9,420-25, America's First Bancorp, Inc 509 716-21, 1038-43 American State Bank Holding Company, Inc 146 U.S. international transactions in 1997 309-21 American State Financial Corporation 235 Asia, financial crisis 175, 186, 257-62, 310,405 American State Financial Corporation of Delaware 235 Audit outsourcing, sound practices for 97 Amerigroup, Inc 150 Automated clearinghouse 25 AmTrust, Inc 568 Automobile leasing 940, 948 ANB Corporation 1129 Anchor Financial Corporation 801 BALANCE sheet developments, U.S. commercial banks .. 391-400 Androscoggin Bancorp, Inc 1020 Banca Serfin, S.A., cease and desist order 539, 573 Androscoggin Bancorp, MHC 1020 Banco Industrial de Venezuela, cease and desist order 539. 573 Anson Bancorp, Inc 568 Banco Internacional, S.A., cease and desist order 539, 573 Archer, Inc 890 Banco Nacional de Mexico, cease and desist order 539, 573 Area Bancshares Corporation 303, 1126 Banco Santander, cease and desist order 539, 573 Arizona Bancshares, Inc 801 Bancomer, S.A., cease and desist order 539, 573 Arvest Bank Group, Inc 891, 893 Bank Examination Report Privilege Act (BERPA) 725, 727 Associated Banc-Corp 1017 Bank examiners, risk-based capital guidelines 668 Automated Technology Machines, Inc 1020 Bank for International Settlements, Committee Avon State Bank Employee Stock Ownership on Banking Supervision 28 Plan and Trust 694 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

A78 Federal Reserve Bulletin December 1998

Pages Pages Bank Holding Company Act of 1956—Continued Bank Holding Company Act of 1956—Continued Applications approved under—Continued Applications approved under—Continued Bane Corporation 1017 Chambers Bancshares, Inc 370 Bane Ed Corp 146 Chase Equity Holdings, Inc 1125 BancFirst Corporation 370, 890, 1126 Chase Manhattan Corporation 1125 BancorpSouth, Inc 1126 C1TBA Financial Corporation 697 Bancshares of Jackson Hole, Inc 891 Citizens & Northern 512 Bancshares of Missouri, Inc 511 Citizens Bancorp. Inc 568 Bank Capital Corporation 570 Citizens Bancshares Company 71 BankofLadd 1127 Citizens Bancshares Corporation 146 Bank of Montreal, Montreal, Ontario, Canada 73, 146 Citizens Bancshares. Inc.. Crawfordville, Florida 890 Bank of Montreal, Toronto, Ontario, Canada 570, 892 Citizens Bancshares, Inc., Edmond, Oklahoma 890 Bank of New York Company, Inc 303, 1129 Citizens Bancshares, Inc., Salineville, Ohio 146, 801, 893 Bank of Nova Scotia New York Trust Company 697 Citizens Banking Company 146 Bank of Nova Scotia, Toronto, Ontario, Canada 149, 697 Citizens Effingham Bancshares. Inc 71 Bank of the Ozarks, Inc 237, 1129 Citizens Financial Corporation 370 Bankers Trust New York Corporation 511 Citizens National Bancshares, Inc 568 BankFirst Corporation 693 City Holding Company 373 Bankmont Financial Corporation 73, 146, 570, 892 City National Corporation 71 Banque Nationale de Paris, Paris, France 303. 1017, 1020 City Savings Bank of Pittsfield 1127 Baraboo Bancorporation 568 Clover Community Bankshares, Inc 568 Barclays Bank PLC. London, England 892 CNB Bancshares. Inc 304, 568 Barclays Corporation 892 CNB Holdings, Inc 694 Barclays Capital, Inc 892 Coddle Creek Financial Corp 71 Barclays PLC, London, England 892 Colonial BancGroup, Inc 146, 890, 892, 1126, 1129 Barclays USA 892 ComBanc, Inc 694 Bayerische Vereinsbank, AG, Munich. Commerce Bancorp, Inc 695 Federal Republic of Germany 237, 571 Commerce Bancshares, Inc., Albertville, Alabama 235 Baylake Corporation 1126 Commerce Bancshares, Inc., BB&T Corporation 303, 509, 694, 697, 804 Kansas City, Missouri 235,890, 1017 BB&T Financial Corporation of Virginia 509 Commerce Financial Corporation 892 Belvedere Capital Partners, Inc 568 Commercial BancShares, Incorporated 146 Bethany Bankshares, Inc 509 Commercial Guaranty Bancshares, Inc 147 Blackhawk Bancorp, Inc 805 Community Bancshares of Mississippi, Inc 235 BNY Capital Markets, Inc 303 Community Bancshares of Mississippi, Inc., BOC Financial Corp 509 Employee Stock Ownership Plan 301 Bodcaw Bancshares. Inc 1017 Community Bancshares of West Plains. Inc 71 BOK Financial Corporation 892, 1126 Community Bank Capital Corporation 509 Bolivar Banking Corporation 301 Community Bank Minnesota Employee Stock Bonifay Holdings, L.L.C 1126 Ownership Plan 890 BOR Bancshares, Inc 146 Community Bank Shares of Indiana, Inc 301 Boston Private Bancorp, Inc 73 Community Banks of Florida, Inc 510 Brookline Bancorp. Inc 301 Community Banks, Inc 370 Brookline Bancorp, N.H.C 301 Community Bankshares, Inc 71. 695 Buckhead Community Bancorp, Inc 235 Community Financial Group, Inc 1017 Buena Vista Bancorp, Inc 568 Community Financial Services, Inc 571 Builders Financial Corporation 71 Community First Banking Company 147 Busby Holdings, Inc 372 Community First Bankshares, Inc 370, 695, 801 Business Holding Corporation 1126 Community Group, Inc 370 Cache Bank Financial Corporation 370 Community National Bancorporation 149 Cambridge Financial Group, Inc 694 Community National Bank Corporation Employee Capital Community Bancorporation, Inc 301 Stock Ownership Plan 301 Capitol Bancorp, Ltd 71, 146, 509, 1017 Community Trust Bancorp, Inc 507 Capitol City Bancshares, Inc 890 Community Trust Financial Services Corporation 373 Cardinal Financial Corporation 568 Community West Bancshares 147, 1020 Carolina First BancShares. Inc 890 Compass Bancorporation of , Inc 145 Carolina First Corporation 511, 892 Compass Bancshares, Inc 145, 693, 1125 Carrollton Bancorp 301 Compass Banks of Texas, Inc 145 Castle Creek Capital Partners Fund I, L.P., Concord EFS, Inc 149, 373 La Jolla, California 150 Connor Trusts 890 Castle Creek Capital Partners Fund-I, L.P., Cornhusker Growth Corporation 373 Rancho Santa Fe, California 801, 1018, 1126 Cortland First Financial Corporation 1126 Castle Creek Capital, L.L.C, La Jolla, California 150 CountryBanc Holding Company 370, 568 Castle Creek Capital, L.L.C, Countryside Bancshares, Inc 370 Rancho Santa Fe, California 801, 1018, 1126 Covenant Bancgroup, Inc 71 CBI-Kansas, Inc 235, 890, 1017 Credit Commercial de France S.A.. Paris, France 149 CBOT Financial Corporation 697 CSB Bancshares, Inc 71. 301 CBOT Financial Corporation of Delaware 697 Cullen/Frost Bankers, Inc 145, 508 CCB Bancorp, Inc 890 Cumberland Bancorp, Inc 510 CCF Holding Company 890 Dakota Bancshares, Inc 370 Central Bancompany, Inc 694 Danvers Bancorp, Inc 890 Central Bancshares. Inc 149, 805. 1126 Dauphin Bancorp, Inc 695 Central Illinois Bancorp, Inc 235 Davis Bancorporation, Inc 512, 1129 Central Iowa Bancorporation 509 Delaware Community Group, Inc 370 Central Trust Company 694 Delaware Financial, Inc 1128 Centura Banks, Inc 299 Deposit Guaranty Corp 369 Century Bancshares. Inc 1126 Deutsche Bank, AG, Frankfurt am Main, Century Bank Corp 235 Federal Republic of Germany 303, 512, 805, 892 CGB Acquisition Corporation 147 Deutsche Morgan Grenfell, Inc 303 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

Index to Volume 84 A79

Pages Pages Bank Holding Company Act of 1956—Continued Bank Holding Company Act of 1956—Continued Applications approved under—Continued Applications approved under—Continued DeWitt First Bankshares Corporation 373 First United Bancshares, Inc 235, 371, 373 Diamond Bancorp, Inc 695 First Western Bancorp, Inc 237, 1129 DRH Mortgage, LLC 1016 First Western Bancshares Employee Stock Eagle Lake Bancshares, Inc 1017 Ownership Plan 147 Eastern Virginia Bankshares, Inc 147 First York Ban Corp 510 Eggemeyer Advisory Corp 150,801, 1018, 1126 Firstand Company 510 El Paso Bancshares, Inc 801 FirstFederal Financial Services, Corp 571 Emigrant Bancorp, Inc 890 FirstMerit Corporation 697 Employee Stock Ownership Trust of People's Firstrust Corporation 235, 1020 Bank and Trust Company of Pickett County 569 Fishback Financial Corporation 1020 Equitable Financial Corporation 1018 Fisher Bancorp, Inc 71 Exchange Bancshares, Inc 695 Flag Financial Corporation 374, 510, 1018, 1020, 1127 F.N.B. Corporation 147, 569, 890 Fleet Financial Group, Inc 73 F&M Bancorp 1127 Florida Banks, Inc 695 F&M Bancorporation, Inc 235, 371 FMB Bankshares, Inc 698 F&M Bancshares, Inc 71 FMCB Holdings, Inc 371 F&M Merger Corporation 235. 371 FNB Financial Services, Inc., Employee Stock F&M National Corporation 237 Ownership Plan 301 Farmers Bancshares, Inc 695, 805 Forstrom Bancorporation, Inc 371 Farmers State Corporation 149, 510 Fort Madison Financial Company 802 FBOP Corporation 71, 235 Founders Financial Corporation 510 FCB Bancorp, Inc 569 Frandset Financial Corporation 695 Fidelity Ban Corporation 71 Franklin Bancorp, Inc 1020 Fidelity Company 301 Frontier Financial Corporation 1127 Fifth Third Bancorp 73,571 Fryburg Banking Company, Inc 569 Fifth Third Bank 149 FSBO Holdings, Inc 890 FINABEL Corporation 1017 Fulton Financial Corporation 234 Financial Bancshares, Inc 801 GB&T Bancshares, Inc 510 Financial Investors of the South, Inc 1020 GEBSCO,Inc 147 First American Bankshares, Inc 802 George Family Partnership, Ltd 1126 First American Corporation 300, 369, 693, 889 George Washington Bancorp, Inc 71 First Azle Bancshares, Inc.. Employees Gifford Bancorp, Inc., Employee Stock Stock Ownership Plan 370 Ownership Plan 235 First Bancorp 1018 Giltner Investment Partnership II, Ltd 571 First Bancorporation, Inc 1129 Glacier Bancorp, Inc 236, 371 First Bancshares, Inc 891 GNB Bankshares Corporation 147 First Banks America, Inc., Clayton, Missouri 147 Gold Bane Acquisition Corp., Inc., II 301 First Banks America, Inc., , Texas 71 Gold Bane Acquisition Corporation VII, Inc 802 First Banks, Inc 71, 147, 890 Gold Bane Corporation, Inc 301, 695, 802, 1127 First Beemer Corporation 1126 Governor and Company of the Bank of Ireland, First Belmond Bancorporation 1018 Dublin 2, Ireland 73 First Busey Corporation 235 Grandview Bancshares. Inc 1127 First Business Bancshares, Inc 237 Grandview Delaware Financial, Inc 1127 First Capital Bancshares, Inc 370 Great Southern Bancorp, Inc 697 First Centralia Bancshares, Inc 512, 1129 Greater Bay Bancorp 71, 510 First Charter Corporation 892 Greater Community Bancorp 373 First Chicago NBD Corporation 508 Greater Southern Capital Corporation 72 First Citizens Bane Corp 510 Greater Southern Capital Corporation Employee First Citizens Bancshares, Inc 1125 Stock Ownership Trust 72 First Commerce Bancshares, Inc 695 Guaranty Capital Corporation 695 First Commercial Corporation 304 GV Bancorp Employee Stock Ownership Plan 371 First Empire State Corporation 233 GV Bancorp. Inc 371 First Financial Bancorporation 800 Habersham Bancorp 802 First Gilmer Bancshares, Inc 569, 1127 Halbur Bancshares, Inc 569 First Gilmer Delaware Holdings, Inc 569, 1127 Hall Properties, LP 569 First Hawaiian, Inc 1018 Hancock Holding Company 802 First Jermyn Corp 371 Harlingen Bancshares, Inc 302 First Lansing Bancorp, Inc 1020 Harris Bancorp, Inc 73, 146 First National Bancorp, Inc 71 Heartland Financial USA. Inc 510, 805 First National Bancshares, Inc 1018 Henderson Bancshares, Inc 73 First National Bank at St. James, ESOP 71, 695 Heritage Bancorp, Inc 802 First National Bank of Artesia Employee Heritage Capital Corporation 510 Stock Ownership Plan 147 Heritage Commerce Corp 1127 First National Bank of Nevada Holding Company 890 Heritage Financial Corporation 72, 695 First National Corporation 301, 1020 Heritage Group, Inc 892 First National of Nebraska. Inc 800 Hibernia Corporation 147, 371, 569 First Nebraska Banes, Inc 301 Highlands Independent Bancshares, Inc 147 First Neighborhood Bancshares, Inc., Employee Hogan Investments, Limited 236 Stock Ownership Plan 510 Hogan Investments, Inc 236 First Pecos Bancshares, Inc 1018 Holland Financial Corporation 1018 First Place Financial Corporation 371 Home Valley Bancorp 569 First Region Bancshares, Inc 802 Homeside Lending, Inc 571 First Savings Bank of Washington Bancorp, Inc 371 Hometown Bancorp, Ltd 147 First Security Corporation 146, 234, 567 Hometown Bancshares, Inc 371, 695 First State Financial Corporation 71 Hoosac Financial Services, Inc 302 First Telebanc Corporation 695 Horizon Bank of Florida Employee Stock First Union Corporation 373, 571, 890 Ownership Plan 147 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

A80 Federal Reserve Bulletin December 1998

Pages Pages Bank Holding Company Act of 1956—Continued Bank Holding Company Act of 1956—Continued Applications approved under—Continued Applications approved under—Continued Horizons Bancorp. Inc 802 Mid-America Bancorp, Inc 510 HUBCO.Inc 303 Mid-America Mortgage Services, Inc 150 Huntington Bancshares, Incorporated 73, 303 Mid-Atlantic Community BankGroup, Inc 512 Imperial Bancorp 1129 Mid-Penn Bancorp, Inc 569 Independent Bank Corporation 512 Middle Georgia Corporation 237 Independent Mutual Holding Company 302 Midland Bancshares, Inc 236 Independent Southern Bancshares, Inc., Midland First Financial Corporation 72 Employee Stock Ownership Trust 147 Midwest Bancorporation. Inc. & Affiliates Industry Bancshares, Inc 236 Employee Stock Ownership Plan 803 Inland Northwest Bancorporation, Inc 373 Midwest Bankers' Bancorporation, Inc 374 Integrion Financial Network, LLC 512 Millbrook Bank System, Inc 236 Interchange Financial Services Corporation 510 Minnwest Corporation 805 International Brotherhood of Boilermakers, Mississippi Valley Bancshares. Inc 236 Iron Ship Builders, Blacksmiths, Forgers. MNB Bancshares, Inc 148 and Helpers 372 Montana First National Bancorporation 72 InterWest Bancorp. Inc 147. 695, 891 Montana Security, Inc 148 Intra Financial Corporation 1127 Morgantown Bancshares, Inc 148 Inver Grove Bancshares, Inc 302 Morrill & Janes Bancshares, Inc 512, 1129 Investors Financial Services Corp 697 Morrill Bancshares, Inc 512, 1127, 1129 ISB Financial Corp 510 Mutual Bancorp of the Berkshires, Inc 1127 J.R. Montgomery Bancorporation 236 Mystic Financial, Inc 148 James River Bankshares, Inc 372 N.A. Corporation 803 JDOB, Inc 802 Narragansett Financial Corp 236 JJ&B Capital, L.P. 372 NatBC Holding Corporation 72 K&Z Company. LLC 695 NATCOM Bancshares, Inc 511 Kanbanc, Inc 510 National Australia Bank, Limited, Keene Bancorp, Inc. 40 Hk) Employee Melbourne. Australia 304, 571 Stock Ownership Plan 1018 National Bank of Canada, Montreal, Killbuck Bancshares 1018 Quebec, Canada 72, 149 Koss-Winn Bancshares, Inc., Employee National City Bancshares, Inc 372, 803, 892, Stock Ownership Plan with 401(k) Provision 148 1018, 1128 Krum Holdings, L.L.C 372 National City Corporation 234, 300, 508. 567 Lake Bank Shares, Inc., Employee Stock National City Mortgage Co 300 Ownership Plan 1127 National Commerce Bancorporation 150, 236. 803, 1018 Lakeland Bancorp. Inc 236 National Commerce Community Bancorp, Inc. I 236 Larch Bancorporation. Inc 802 National Commerce Community Bancorp, Inc. II 236 Laurens Bancshares, Inc 236 National Processing, Inc 234, 567 LB Bancorp, Inc 510 NationsBanc Montgomery Securities, LLC 805 LCNB Bancorporation of Delaware, Inc 569 NationsBank Corporation 148, 805 LCNB Bancorporation, Inc 569 NB Holdings Corporation 148 Legacy Bancorp, Inc 1127 NCB Holdings, Inc 1018 LeMars Acquisition Corp 802 Neighborhood Bancorp 512 Lenox Financial Services Corp 304 New England Community Bancorp. Inc 148, 569 Light Bancshares Corporation 148 New Galveston Company 508 Lincoln Interim Corporation 302 New Independent Bancshares, Inc 512 Lino Lakes Bane Shares, Inc 569 New London Bancshares, Inc 1129 Little Sioux Bancshares, Inc 372 New Millennium Bankshares, Inc 891 Louisville Development Bancorp, Inc 74 Newton Financial Management Company, LLC 236 M.I.F. Limited 696 Niagara Bancorp, MHC 300 Magna Group, Inc 373 North Shore Bancorp 148 MainBancorp, Inc 372 Northern Trust Corporation 511, 892 Maincorp Intermediate Holding Company, Inc 372 Northwest Bancorporation, Inc 1018 Mainline Bancorp, Inc 569 Norwest Corporation 74, 148, 234, 237, MainStreet BankGroup, Incorporated 302, 569 369, 508, 567, 568, Marfa Bancshares, Inc 891 693, 694, 800, 801, Marfa Delaware Bancshares, Inc 891 1016, 1125 Marin National Bancorp 1127 Norwest Financial Services. Inc 74, 694 Marine Bancshares, Inc 1127 Norwest Financial, Inc 74, 694 Marquette Bancshares, Inc 802 Norwest Mortgage, Inc 800 Marshall & Ilsley Corporation 237 Norwest Ventures. LLC 800 Marshall Community Bancshares, Inc 372 NSB Bancorp, Inc 150 Maryland Permanent Capital Corporation 1021 NW Bancorp, Inc 696 Mason-Dixon Bancshares, Inc 304 Oconee Financial Corporation 1128 Matson Financial, Inc 72 Ohnward Bancshares, Inc 372 MBC Investments Corporation 805 Old Kent Financial Corporation 800 MBNA Corporation 72 Old National Bancorp 1125 MBT Bancshares, Inc 372 Olympia Financial Corp 234 McCurtain County Bancshares, Inc 302 Onaga Bancshares, Inc 512, 1129 McLaughlin Bancshares, Inc 800 One Valley Bancorp, Inc 374, 803 Mellon Bank Corporation 236, 237, 805, 1129 Orchard Valley Financial Corporation 697 Mercantile Bancorp, Inc 72, 1020 Osceola Bancorporation 569 Mercantile Bancorporation, Inc 145, 237, 509, 694, 800 Ottawa Bancshares, Inc 1128 Merchants Holding Company 695, 891 Owen-Curtiss Financial Corporation 72 MetBank Holding Corp 803 Pacific Coast Bankers' Bancshares 1128 Metrocorp Bancshares, Inc 1 127 Palm Desert Investments 698 Metrocorp-Delaware. Inc 1127 Panhandle BancShares, Inc 148 Michigan Community Bancorp, Limited 1127 Paramount Bancorp, Inc 302 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

Index to Volume 84 A81

Pages Pages Bank Holding Company Act of 1956—Continued Bank Holding Company Act of 1956—Continued Applications approved under—Continued Applications approved under—Continued PASL Holding Corp 803 South Branch Valley Bancorp, Inc 149 Pedcor Bancorp 148 South Tulsa Financial Corporation 511 Penns Woods Bancorp, Inc 72 South Valley Bancorp, Inc 302 Penseco Financial Services Corporation 150 Southeast Capital Corporation 571 Peoples Bancorporation, Inc 72, 803 Southeast Capital Corporation, ESOP 571 Peoples BancTrust Company, Inc 372, 511 Southern Bancshares. Inc 372 Peoples Heritage Financial Group, Inc 74 Southern Development Bancorporation, Inc 570 Peoples Holding Company, Inc 569 Southern Heritage Bancorp, Inc 570 Peoples Service Company 803 Southern Missouri Bancshares, Inc 149 Peoples Trust of 1987 148 Sparta Union Bancshares, Inc 73 Peoples, Inc 148 Spring Hill (Delaware), Corporation 696 Pepperell Bancshares Financial Group, Inc 1128 Spring Hill Holdings Corporation 696 Petefish, Skiles Bancshares, Inc 1128 SSB Investments, Inc 694 PHS Bancorp, M.H.C 1128 Standard Mutual Holding Company 302 Pilot Grove Savings Bank Employee Stock Star Bane Corporation 696 Ownership Plan 891 State Financial Services Corporation 150 Ploetz Investments, Limited Partnership 696 State National Bancshares, Inc 302, 1019 Plymouth Bancorp, Inc 803 State of Franklin Bancshares, Inc 511 Popular International Bank, Inc 1019 State Street Corporation 694, 1125 Popular North America, Inc 1019 Sterling Bancorporation, Inc 1019 Popular, Inc 1019 Sterling Bancshares, Inc 1019 Portage Bancshares, Inc 696 Stichting Administratiekantoor ABN AMRO Holding, Porter Holdings, Ltd 372 Amsterdam, The Netherlands 512 Premier Bancorp, Inc 569 Stichting Prioriteit ABN AMRO Holding, Premier Bancshares, Inc 148,570, 1019 Amsterdam, The Netherlands 512 Premier Financial Bancorp, Inc 148, 696 Stockmens Financial Corporation 237 Premier Financial Corp 891 Strasburg Bancorp, Inc 149 Premier Holdings-Nevada, Inc 511 1021 Prosperity Bancshares, Inc 891 Summit Bankshares, Inc 571 Provincial Corp 1128 Sun Community Bancorp, Limited 509, 1017 PSB BancGroup, Inc 372 Sundance Bankshares, Inc 149 PSB Bancorp, Inc 696 Sundowner Corporation 71, 147 Putnam County Bancorp, Inc 1128 SunTrust Banks of Florida, Inc 891 Redstone Bancorporation, Inc 1019 SunTrust Banks, Inc 891 Regions Financial Corporation 236, 237, 238, 302, 696 SW Financial, Inc 73 Republic Bancshares, Inc 148, 698. 805 SWB Bancshares, Inc 73 Republic First Bancorp, Inc 1128 Swiss Bank Corporation, Basel, Switzerland 304 Rigler Investment Co 696 Synovous Financial Corp 804 Riverside Banking Company 149 Tarpon Coast Bancorp, Inc 302 Riverside Gulf Coast Banking Company 72 TB&C Bancshares, Inc 804 Robinson Bancshares, Inc 1128 Tennessee Central Bancshares, Inc 149 Rockhold Bancorp 149 Texas Capital Bancshares, Inc 891 Roscoe Community Bankshares, Inc 72 Texas Financial Bancorporation, Inc 1128 Roseau Realty Co., Inc 74 Texas United Bancshares, Inc 511 Royal Bank of Canada, Montreal. Quebec, Canada 512 TIB Financial Corporation 1129 RSI Bancorp, Inc 803 Timberland Bancorp, Inc 149 RSI Bancorp. MHC 803 Tippins Bankshares Inc 302 RSNB Bancorp 1016 Toronto-Dominion Bank, Toronto, Ontario, Canada 74, 571 RVB Bancshares, Inc 696 Town Bankshares, Ltd 696 RW Bancorp.. Ltd 149 Traditional Bancorporation, Inc 511 Salisbury Bancorp, Inc 696 TransPecos Financial Corp 372 San Juan Bank Holding Company 804 Travelers Rest Bancshares, Inc 1128 Sandy Spring Bancorp, Inc 1019 Tri-County Financial Group, Inc 511 Savannah Bancorp, Inc 1019 Triangle Bancorp, Inc 696 Second Bancorp 1129 Trust No. 3 under the Will of Charles Henderson 73 Second Bancorp, Incorporated 891 U.S. Bancorp 74 Second National Financial Corporation 1019 U.S.B. Holding Co., Inc 892 Security Bancshares, Inc 302 UB&T Financial Services Corporation 696 Security Bank Holding Company 72, 511, 804 UCBH Holdings, Inc 804 Security Bank Holding Company Employee Union Bankshares Corporation 697 Stock Ownership Plan 72, 511 Union Bankshares, Inc 1019 Security State Bancshares, Inc 72, 570 Union City Corporation 149 Seed Money, Limited Partnership 1128 Union Planters Corporation 303, 373, 508, 513, Sequatchie Valley Bancshares, Inc 1020 571, 697, 804, Service Bancorp, MHC 804 1020, 1128 Shamrock Delaware Financial, Inc 372 Union Planters Holding Corporation 373, 508, 513, 571, Sherburn Bancshares, Inc 1129 697, 804, 1128 Sherwood Bane Corporation 804 UnionBancorp, Inc 805, 1020 Shorebank Corporation 511 United Bancorp, Inc 570 Shorebank Detroit Corporation 511 United Bankshares, Inc 303, 1020 Signature Bancshares, Inc 570 United Community Bancshares 570 Simmons First National Corporation 1125 United Community Bancshares, Inc 698 SIS Bancorp, Inc 73 United Financial Corp 891, 893, 1128 SJNB Financial Corporation 571 United Financial Holdings, Inc 150 SNB Bancorp 236 United Overseas Bank, Limited, Singapore 1129 SNB Bancshares, Inc 804 United Security Bancorporation 697 South Alabama Bancorporation, Inc 234, 1016 Unity Bancshares, L.L.C 373 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

A82 Federal Reserve Bulletin December 1998

Pages Pages Bank Holding Company Act of 1956—Continued Bank Holding Company Act of 1956—Continued Applications approved under—Continued Orders issued under—Continued Unity Holdings, Inc 570 Regions Financial Corporation 354-6, 558-63 Upson Bankshares, Inc 1020 Royal Bank of Canada, Montreal, USAL Bancorp, Inc 570 Quebec, Canada 855-8 UST Corp 805, 893 Sanwa Bank Limited, Osaka, Japan 120 Vail Banks. Inc 891 Shore Financial Corporation 288 Val Cor Bancorporation, Inc 374 Societe Generale, Paris, France 680—3 Valley National Corporation 570 Star Bane Corporation 121-6 Verona Bancshares, Limited 73 SunTrust Banks, Inc 126-9, 1115-21 VIB Corp 236 Travelers Group, Inc 985-1016 Violeta Investments, Ltd 891 U.S. Bancorp 62^1,483-6, 1073-5 Virginia Bank Bankshares, Inc 73 UBS AG, Zurich and Basel, Switzerland 684-93 Voyager Financial Services Corporation 1021 Union Bank of Switzerland, Zurich, Wachovia Corporation 70, 145, 234, 508, 568 Switzerland 684-93 Warren Bancorp, Inc 891 WesBanco, Inc 366-9 Warwick Community Bancorp, Inc 73 Bank Holding Company Supervision Manual 98, 339, 670 Washington Bancorp 73 Bank income data adjustments 408 Waterhouse Investor Services, Inc 74, 571 Bank Merger Act Wayne Bancorp, Inc 303 Applications approved under West Burlington Bancorporation 804 1st United Bank 305 Westdeutsche Landesbank Girozentrale, Alabama Exchange Bank 74 Duesseldorf, Federal Republic of Germany 513, 1129 Alpha Community Bank 699 Western Sierra Bancorp 1019 American Bank of Montana 513 WFC, Inc 1019 AmSouth Bank 1130 Whitney Holding Corporation 804 Atlanta Bank 151 Wilber Company 570 Atlantic Bank 572 Williams Partners, L.P. 236 BancFirst 151, 806, 894, 1130 Wills Point Financial Corporation 149 BankofBelton 699 Wilmington Trust Corporation 1130 Bank of Bentonville 1130 Winter Trust of 12/3/74 804 Bank of Casa Grande Valley 894 Winter-Park Bancshares, Inc 73 Bank of Commerce 513 Wintrust Financial Corporation 1020 Bank of Cushing and Trust Company 698 WTSB Bancorp, Inc 697 Bank of Greenville 151 WTSB Delaware Bancorp, Inc 697 Bank of Lancaster 238 Zions Bancorporation 149, 373, 374 Bank of Marion 806 Orders issued under Bank of Monroe 1021 Bane One Corporation 553-8, 961-85 Capital City Bank Group, Inc 1130 Banco Bilbao Vizcaya, S.A., Bilbao, Spain 356-8 Capital One Bank 238 BankAmerica Corporation 858-84 Centura Bank 305 BankBoston Corporation 849-52 Citizens Bank 806 Charter One Financial, Inc 1079-83 Citizens Banking Company 806 Citicorp 985-1016 Citizens Trust Bank 238 Commerce Bancorp, Inc 358-60, 798 Colonial Bank 74, 151, 513, 572, Cooperatieve Centrale Raiffeisen-Boerenleenbank, 699, 894, 1130 B.A., Rabobank Nederland Utrecht, Comerica Bank 1130 the Netherlands 852-5 Commercial & Savings Bank Company 1021 Dresdner Bank AG, Frankfurt, Germany 361—3 Commercial Bank 894 Eagle Bancorp, Inc 673 Community Bank and Trust 74 Fifth Third Bancorp 677-80 Community First Bank and Trust 374 First American Corporation 845—7 Compass Bank 150, 698, 893 First Chicago NBD Corporation 961-85 Eaton Bank 1021 First Financial Corporation 279 Exchange Bank & Trust Company 806 First Mariner Bancorp 956-9 F&M Bank-Blakeley, Inc 374 First Midwest Bancorp, Inc 486-9 F&M Bank-Northern Virginia 513 First National Bank Group, Inc 959-61 F&M Bank-Richmond 374 First of Waverly Corporation Ill Farmers and Merchants Bank 151 First Union Corporation 59, 489-507 Farmers Bank of Maryland 151, 238 Firstar Corporation 1083-8 Farmers State Bank 305, 572 FirstMerit Corporation 363-6 Farmers State Bank of West Concord 1130 Fleet Financial Group, Inc 227-30 Farmers Trust Bank 305 Fuji Bank, Limited, Tokyo, Japan 674 FCNB Bank 572, 1021 HUBCO, Inc 547-51 Fifth Third Bank 572 Indiana United Bancorp 280 Fifth Third Bank of Central Kentucky, Inc 513 J.P. Morgan & Co., Inc 113-5 Fifth Third Bank of Cincinnati 572 KeyCorp 1075-89 Fifth Third Bank of Columbus 572 Lloyds TSB Group, pic, London, England 116-20 Fifth Third Bank of Southern Ohio 572, 1021 National City Corporation 281-8 Fifth Third Bank of Western Ohio 572 NationsBank Corporation 129^5, 858-84 First Bank 75 NB Holdings Corporation 129-45 First Banking Center-Burlington 374 North Fork Bancorporation, Inc 290-94, 477-81 First Community Bank 894 Norwest Corporation 552, 676, 847-52, First Farmers Bank & Trust Company 374 1088-115 First Interstate Bank 75 Norwest Investment Services, Inc 552 First Security Bank 699 Oechsle International Advisors, L.P. 361-3 First State Bank and Trust Company of Larned 151 PAB Bankshares, Inc 474-7 First Virginia Bank of Tidewater 151 Peoples Heritage Financial Group, Inc 351^4 George Mason Bank 305 Popular, Inc 481-3 Hanmi Bank 894 RCM Capital Management. L.L.C 361-3 Hanover Bank 806 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

Index to Volume 84 A83

Pages Pages Bank Merger Act—Continued Board of Governors—Continued Applications approved under—Continued Staff changes—Continued Huron Community Bank 699 Bowen, Brent L 456 Isabella Bank and Trust 374 Braunstein, Sandra F. 456 Jersey Bank for Savings 513 Clark, Stephen J 39 Johnson Bank 572, 894 Coyne, Joseph R 455 Laurel Bank 1021 Fox, Lynn S 455 Lindell Bank & Trust Company 894 Frierson, Robert de V. 455 M&I Bank of Burlington 375 Frost, David S 39 M&I Bank of Racine 375 Garwood, Griffith L 456 M&I Bank of Shawano 806 Hannan, Maureen 749 M&I Marshall & Ilsley Bank 375 Hooper. Peter 941 Manufacturers and Traders Trust Company 238 Horowitz, Fred 39, 456 Mercantile Bank 572 Hurt, Adrienne D 456 Mercantile Bank Midwest 1130 Johnson. Jennifer J 455 Mercantile Bank of Western Iowa 894 Johnson, Karen H 941 Northern Neck State Bank 151 Livingston, George E 39, 456 Old Kent Bank 805 Loney, Glenn E 456 Omni Bank 75 Mann, Catherine L 39 One Valley Bank of Summersville. Inc 894 Oliner, Stephen D 99 Peninsula Trust Bank 699 Pauley, Darrell R 39 People First Bank 894, 1130 Promisel, Larry 456 Peoples Bank and Trust Company 375, 894 Reidhill, Marsha 340 Pointe Bank 460 Reinhart, Vincent R 749 Premier Bancorp, Inc 75 Shack-Marquez, Janice 99 RCB Bank 699 Shannon, David L 39, 456 Republic Security Bank 460,699,894, 1130 Siegman, Charles J 456 Richwood Banking Company 513 Savina Bank 151 Smith, Dolores S 456 Security Bank 1130 Snyder, Barry R 540 Sentinel Interim Bank 806 Stevens, Richard C 748 ShoreBank 513 Thompson, Portia W. 39 Southern California Bank 75 Tinsley, Peter A 1061 Triane Bank 699 Truman, Edwin M 941 Triangle Bancorp. Inc 375 Weis, John R 39 Triangle Bank 375 Whitesell, William C 749 Valley Independent Bank 375 Wiles, William W. 455 Virginia Heartland Interim Bank 1021 Young, Florence M 340 Wesbanco Bank Wheeling 699 Thrift Institutions Advisory Council, new members 95 Western Bank of Cody 699 World Wide Web site, new address 748 WestStar Bank 699 Bonanca, Jason J., article 1038 Orders issued under Bonds, U.S. Treasury 531 Centura Bank 64. 67 Borrowers of Securities Credit (Reg. X) 96, 197, 338, 469, WestStar Bank 294, 884 791, 1060, 1069 Bank merger issues 438-51, 619-27, Bostic, Raphael W., article 1 643-7,703-15 Bowen, Brent L., Inspector General, Office of the Bank regulation, staff study summary 252 Inspector General, retirement 456 BankAmerica Corporation 669. 748, 858-84 Brady, Thomas F., article 604, 615 Banking antitrust policy 705 Braunstein, Sandra F., promoted to Associate Banking structure 620, 621, 897-921 Director, Division of Consumer Affairs 456 Basle Accord, amendment and proposal 454 Brigham, Lois A., enforcement action 1060 Basle Committee on Banking Supervision 38, 268, 454, Business equipment, output of 82 940, 1059 Business sector 161, 167,591 Basle Framework for Capital Adequacy, interpretation 1059 Businesses, small, lending to 1-21, 707 Bechstein, Jerome C, enforcement action 1060 Bethea, Martha, Associate Director, Division of CANNER, Glenn B., articles 1, 241 Research and Statistics, retirement 456 Capital adequacy guidelines 673, 822 Biern, Herbert A., Associate Director, Division Capital holdings 164, 319, 398, 595 of Banking Supervision and Regulation, Carey, Mark S., article 897 statement 639-43 Cash shipments, interstate 338 Board of Governors (See also Federal Reserve System) Cease and desist orders Antitrust standards, application of 622-6 Banca Serfin, S.A., Mexico 539, 573 Commodity Exchange Act and derivatives Banco Industrial de Venezuela, Caracas, Venezuela 539, 573 transactions, statement 636-9 Banco Internacional, S.A., Bital, Mexico 539, 573 Consumer Advisory Council Banco Nacional de Mexico, Banamex, Mexico 539, 573 Meetings 268, 939 Banco Santander, Spain 539, 573 New members 191-3 Bancomer, S.A., Mexico 539, 573 Nomination procedures 538 Century Date Change (CDC) project 26, 1058 Division mergers 39 Cheng, Virginia, article 517 Index of orders and actions taken 69, 297-9, 566, 887-9 Circuit breakers for equity-related markets, statement 184 Management Division 39 Citicorp, public meeting scheduled 669 Members Clark, Stephen J., promoted to Assistant Director, Ferguson, Roger W. appointed chairman, Management Division 39 Year 2000 Council 746 Commercial and industrial loans 392, 1025-37 Lists, 1913-98 701 Commercial banks Phillips, Susan M., resignation 454 Balance sheet developments 391^19 Staff changes Capital 398 Alexander, Lewis S 941 Derivatives 398 Bethea, Martha 456 Income and expenses, tables 401, 409-19 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

A84 Federal Reserve Bulletin December 1998

Pages Pages Commercial banks—Continiued Exchange rates Letters of credit 398 Articles 174-9,420-5, Liabilities 397 716-21, 1038^3 Loan and lease losses 404 Indexes 170, 811-18 Loans 392, 394 Expenses, 1994 401-3 Securities holdings 396 Exports 164, 312 Commodity Exchange Act of 1936 636-9, 742, 743, 744 Extensions of Credit by Federal Reserve Banks Communications equipment, production of 79 (Reg. A) 1069 Community development lending 1, 20 External sector, economic developments 594 Community Reinvestment Act of 1977 (CRA) Bank mergers, effect on 443, 703-15 FARMS, loans to 1-21 H.R. 10 657 Federal expenditures 162 Performance tests 3 Federal Financial Institutions Examination Council 3 Small businesses and small farms, lending data 1 Federal funds rate 517, 525 Computers, production of 79 Federal Open Market Committee Condition statement. Federal Reserve Banks 575 1999 meeting schedule 939 Meeting minutes Conglomerates, supervision of 268 1992 transcripts, available 338 Congressional Budget Office 183 Sept. 30, 1997 40-5 Construction supplies, production of 82 Nov. 12, 1997 100-6 Consumer Advisory Council Dec. 16, 1997 273-8 Meetings 268, 939 Feb. 3-4, 1998 457-68 New members 191-3 Mar. 25, 1998 541-6 Nomination procedures 538 May 19, 1998 750-6 Consumer disclosures on home-secured loans, June 30-July 1, 1998 824-31 joint report 746 Aug. 18, 1998 1062-8 Consumer goods, sales and production 81 Monetary policy stance 939 Consumer leasing (Reg. M) 338, 940, 948 Open market operations 517-32 Consumer price index, statement 451-3 Federal Reserve Banks Consumer spending 159, 589 Chairs and deputy chairs, appointed 36, 95, 1057 Coyne, Joseph R., Assistant to the Board, Directors, list 377-89 Office of Board Members, retirement 455 Financial statements 575—84 Credit, financial developments 597 Holiday schedule, 1999 194 Credit by Banks for Purchasing and Carrying Income and expenses 194 Margin Stocks (Reg. U) 96, 197, 338 Statements Credit by Brokers and Dealers (Reg. T) 96, 197, 338, 469, Change in capital 578 791, 1060, 1069 Condition 576 Credit ratings at US. banks, article 897-921 Income 577 Cyrnak, Anthony W., article 703 Federal Reserve note and Euro bank note, statement 1054-6 Federal Reserve Regulatory Service, CD-ROM available 539 DEMAND deposits, interest on, S. 1405, statement 326 Federal Reserve System (See also Board of Governors) Depository institutions Anti-money-laundering efforts, statement 639—43 Credit extended by 167 Fees for services 37 Disclosure statements 337, 338 Interest payments on demand deposits 726 Payment services from Federal Reserve 193 Payment services to depository institutions 193 Transactions, proposed action 668 Year 2000 readiness 25-31 Derivatives activities 38, 398, 636-9 Fedwire funds transfer system 25, 668 Directory: Community Development Investments 670 Fees for Federal Reserve services to depository Discount rate 1057 institutions 37 Durkin, Thomas A., article 241 Ferguson, Governor Roger W., Jr. Dutch government securities 1058 Appointed chairman, Year 2000 Council 746 Electronic payments services, statement 628-32 ECONOMIC developments Finance, global, statements 30-2, 186-90, Business sector 161, 591 325, 536 Financial 168, 597 Financial institutions, examination cycle 337, 341, 822 Foreign exchange 164, 170 Financial Regulatory Relief and Economic Government sector 162, 593 Efficiency Act of 1997, S. 1405, statements .... 326-30, 332-6 Household sector 159, 589 Financial Services Act of 1998, H.R. 10, statement 647-59 Labor markets 165, 595 Financial statements, Federal Reserve Banks 575-84 Economy, U.S. Fisher, Peter R., articles 174, 420, 517, 716, 1038 Monetary policy, statements 155-73, 262-7, Foreign exchange 585-603, 735-8 Dollar values 811-18 Outlook, statements 183, 330-32, 632-6 Reserves 424 Treasury and Federal Reserve operations 174-9, 420-5, Performance, monetary policy reports 159, 586 716-21, 1038-43 Electronic Fund Transfers (Reg. E) 337, 939, 947 Foreign stocks, lists of marginable 194, 221-7, 455, Electronic payment services (See also 469-74, 748, 791-7, Regulations: E) 37, 628-32 1060, 1069-72 Elliehausen, Gregory, staff study summary 252 Foreign transactions in 1997, article 309-21 Employment 165 Fox, Lynn S., appointed Assistant to the Board, English, William B., article 604 Office of Board Members 455 Enhancing Bank Transparency, Basle Framework for Internal Control Systems of Committee paper 940 Banking Organisations, Basle Committee paper 940 Equal Credit Opportunity (Reg. B) 95, 107, 338, Framework for the Evaluation of Internal 343-50, 454 Control Systems, Basle Committee paper 268 Equity prices 170 Frierson, Robert de V., appointed Associate Euro bank notes, statement 1054-6 Secretary of the Board, Office of the Secretary 455 European Economic and Monetary Union (EMU) 811 Frost, David S., Staff Director for Management, Examination cycles for financial institutions 337, 341, 822 appointed Director, Management Division 39 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

Index to Volume 84 A85

Pages Pages GARWOOD, Griffith L., Director, Division Interstate branching 338 of Consumer Affairs, retirement 456 Investments 160, 316, 591 Global financial system, statements 30-2, 186-90, 325, Issue and Cancellation of Bank Capital Stock (Reg. I) 788-90 536, 926-9, 936-8 Global Year 2000 Round Table 660 JEWELL, Andrew, article 174 Government 162, 163, 593 Johnson, Jennifer J., appointed Secretary of the Board, Gramlich, Governor Edward M., statements Office of the Secretary 455 Consumer price index 451-3 Johnson, Karen H., appointed Director, Division Social security reform 627, 925 of International Finance 941 Truth in Lending Act and RESPA, reform 730-35 Joint Year 2000 Council 659, 661 Greenspan, Chairman Alan, statements Justice, U.S. Department of 625, 704, 706. 712, 713 Asia financial crisis 257-62 Bank mergers 643-7 KELLEY, Edward W., Jr.. Federal Reserve Death of William McChesney Martin 746 and Year 2000, statements 25, 433-8, 929-35 Edwin M. Truman nomination, statement 941 Keys to Vehicle Leasing, brochure 98 Financial Services Act of 1998, H.R. 10. statement 647-59 Know Your Customer policy 641 Global financial system 30-2, 186-90, 325, 536, 926-9, 936-8 LABOR market, US 165, 595 Long-Term Capital Management hedge fund 1046-50 Leahy, Michael P., article 811 Medicare program 429-33 Letters of credit, commercial banks 398 Monetary policy 735-42 Leverage Capital Standards 673, 833-^-4 Old-Age, Survivors and Disability Insurance Litigation benefits program (OASDI) 32-5 Final enforcement decisions issued by Board of Governors Over-the-counter derivatives 742 , N.T. & S.A 1022-4 U.S. economy and monetary policy 183, 262-7, Bank of the Desert 807-9 330-2, 632-6 Espiritu, Elena 1022 Group of Ten (G-10) governors 28 Locci, Massimiliano 152 Salmon, Richard 807-9 H.R. 10 444, 449, 647-59 Final enforcement orders issued by Board of Governors Hannan, Maureen, appointed Assistant Director, Al-Fulaij, Faisal Saud 700 Division of Information Resources Altman, Robert A 306 Management 749 Banca Serfin, S.A., Mexico 539, 573 Hedge fund 1046, 1050 Banco Industrial de Venezuela, Herfindahl-Hirschman index (HHI) 704, 712, 713 Caracas. Venezuela 539, 573 Hilton, Spence, article 517 Banco Internacional, S.A., Bital, Mexico 539, 573 Home equity lending, article 241-51 Banco Nacional de Mexico, Home Mortgage Disclosure (Reg. C) .... Ill, 268, 338, 939, 943-7 Banamex, Mexico 539, 573 Home sales 160 Banco Santander, Spain 539, 573 Hooper, Peter, appointed Deputy Director, Bancomer, S.A., Mexico 539, 573 Division of International Finance 941 Bechstein, Jerome C 1132 Horowitz, Fred 39, 456 Brigham, Lois A 1132 Household finances 159, 160, 589, 590 Carrizo, Luis 76 Housing and Urban Development, Department of 730 Clifford. Clark M 306 Humphrey-Hawkins reports (Monetary policy Colbourn, Patti 154 reports to the Congress) 155-73, 585-603 Colley.JohnE 306 Hurt, Adrienne D., promoted to Assistant Director, Dill, Eric C 76 Division of Consumer Affairs 456 Habib Bank AG Zurich, Zurich, Switzerland, 376 Koury, Stephen R 306 IMPORTS 313 Lindahl, Michael A 306 Income, commercial banks 315, 401, 402 Muniz, Jose E. Romero 76 Income statement, Federal Reserve Banks 575 OmniBank 376 Index of foreign exchange value 811-18 PanAmerican Bank 376 Individual Accounts Plan (IA) 627, 925 Putnam-Green Financial Corporation 76 Industrial production and capacity utilization Towne Bank 307 Annual data revision and 1997 developments 77-91 Wachs, Michael 307 Releases , 22-5, 92-5, 180-2, 254-6, Index of orders and actions taken 69, 297-9, 566, 887-9 322-4, 426-8, 533-5, 616-8, Pending cases involving the Board of 722^4, 819-21, 922^1, 1043-5 Governors, lists of 75, 151, 239, 305, Tables 86-91 375, 460, 514, 572, Information security 96 699, 806, 894, 1021, 1131 Information systems readiness, 1999-2000 1058 Termination of enforcement actions Interest 169, 401, 600, 726 Bank of Versailles 376 Interim rule, risk-based capital guidelines 96 Millennium Bank 376 Internal credit risk models, report 538 Security State Bank of Pecos 376 International Written agreement approved by Federal Reserve Banking operations 97, 406, 659-67 Banks, ShoreBank, Cleveland 1024 Developments, monetary policy 164, 174, 601 Livingston, George E 39, 456 Transactions, 1997, article 309-21 Loan and lease losses, commercial banks 404 International Banking Act of 1978, orders issued under Loan Application Register 268 Bank of Cyprus, Ltd., Nicosia, Cyprus 67 Loan-to-deposit ratios 822 Bank of Scotland, Edinburgh, Scotland 230 Loans Caha de Ahorros de Valencia Castellon Commercial and industrial 392 y Alicante, Bancaja, Valencia, Spain 231 Home equity, article 241 -51 Chinatrust Commercial Bank, Ltd., Taipei, Taiwan 1121—23 Household 394 Erste Bank derosterreichischen Sparkassen Mortgage, disclosure requirements 268 Aktiengesellschaft, Vienna, Austria 1123 Small business and small farm 1-21 Hong Kong Special Administrative Region, Loney, Glenn E., promoted to Deputy Director, People's Republic of China 886 Division of Consumer Affairs 456 HSBC Equator Bank, pic, London, England 564 Long-Term Capital Management hedge fund, statement ... 1046-54 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

A86 Federal Reserve Bulletin December 1998

Pages Pages Luckett, Charles A., article . 241 Point-in-time grading 899 Policy statements, internal audits, sound practices for 97 MANN, Catherine L., Assistant Director, Division Prager, Robin A., article 1025 of International Finance, resignation 39 Prices 166, 596 Marginable stock Primary dealers 1058 Foreign and over-the-counter 469—74, 791-6, Profits and balance sheet developments at U.S. 1060-5, 1069-74 commercial banks in 1997, article 391^119 Regulation, amendment to merge Promisel, Larry, Senior Associate Director, Regs. GandU 96, 197-221, 338-62 Division of International Finance, retirement 456 Martin, William McChesney, Chairman Proposed actions Greenspan's statement 746 Consumer Leasing (Reg. M) 338 McDonough, William J., President, Federal Equal Credit Opportunity (Reg. B) 338 Reserve Bank of New York, Long-Term Fedwire funds transfer 668 Capital Management, statement 1050-4 Home Mortgage Disclosure (Reg. C) 268, 338 Medicare program, statement 429-33 Insured depository institutions 668 Members, Board of Governors, lists 701 International Banking Operations (Reg. K) 97 Membership of State Banking Institutions Management interlocks 823 in the Federal Reserve System (Reg. H) 746, 757, 833-44 Private small-dollar clearing and settlement systems 38 Meyer, Governor Laurence H., statements Privately operated large-dollar multilateral Antitrust issues, related to mergers and acquisitions 619-27 netting systems 38 Bank mergers 438-51 Privately operated multilateral settlement systems 38 Regulatory relief bill 725-9 Reserve requirements 38 S. 1405 326-30, 332-6 Risk-based capital standards 38 Minimum Security Devices and Procedures Rules Regarding Delegation of Authority 97 for Federal Reserve Banks and Same-day settlement rule 338 State Member Banks (Reg. P) 746, 791 Truth in Lending (Reg. Z) 97, 268, 338 Mining equipment, output of 82 Truth in Savings (Reg. DD) 338 Monetary aggregates 598 Publications (See also Videotapes) Monetary policy Annual Report, 84th, 1997 455 Economic projections 155. 156 Annual Report, Budget Review, 1998-99 455 External sector 594 Bank Holding Company Supervision Manual 98, 339, 670 Price developments 166, 596 Directory: Community Development Investments 670 Reports to the Congress 155-73, 585-603 Federal Reserve Regulatory Service, CD-ROM 539 Statements 262-7, 735^2 Keys to Vehicle Leasing 98 Money laundering, statement 639^13 Trading and Capital-Markets Activities Manual, 1998 339 Money stock data, revision 269—72 Ways to Simplify Consumer Disclosures in Moody's bond rating scale 900 Home-Secured Loans, joint report 746 Mortgage loans 268, 396, 747 Moynihan, Senator Daniel P. 627, 925 RADDOCK, Richard, article 77 Real Estate Settlement Procedures Act (RESPA) 268, 730, 746 NATIONAL bank charter 653 Regulations (Board of Governors, See also Rules) National Commission on Retirement Policy 627, 925 A, Extensions of Credit by Federal Reserve NationsBank Corporation 669, 748, 858-84 Banks; Change in Discount Rate 1069 Nelson, William R., article 604 B, Equal Credit Opportunity 95, 107, 338, Netherlands debt market 98 343-50, 454 Netting systems 38 C, Home Mortgage Disclosure Ill, 268, 338, New information on lending to small businesses 939, 943-7 and small farms: The 1996 CRA data, article 1-21 D, Reserve Requirements of Depository Norwest Corporation 823 Institutions 37, 47, 337, 350 E, Electronic Fund Transfers 337, 939, 947 OFF bank premises, operation standards 350 G, Securities Credit by Persons Other Than Official staff commentaries, open-end credit plans 337 Banks, Brokers, or Dealers 96, 197-221 Oil importation 313 H, Membership of State Banking Institutions Old-Age, Survivors, and Disability Insurance in the Federal Reserve System 746, 757-88, 833-44 benefits program (OASDI), statement 32—5 I, Issue and Cancellation of Federal Reserve Oliner, Stephen D., appointed Assistant Director, Bank Capital Stock 788-90 Division of Research and Statistics 99 M, Consumer Leasing 338, 940, 948 Open market operations, 1997, article 517-32 P. Minimum Security Devices and Procedures Operation Casablanca 639, 642 for Federal Reserve Banks and Operational Risk Management. Basle Committee State Member Banks 746, 791 paper 940 T, Credit by Brokers and Dealers 96, 197-221, 338-62, 469, Orders and actions by Board of Governors 69, 297-9, 566 791-3, 1060, 1069-72 Osborne, Daniel, articles 420, 716 U, Credit by Banks for Purchasing or Over-the-counter margin stocks Carrying Margin Stocks 96. 197-221. 338-62 Derivatives 636-9, 742 X, Borrowers of Securities Credit 96, 197-221, 338-62, Lists of marginable 194, 221-7, 455, 469-74, 469, 791-7, 1060, 1069-72 748,791-7, 1060, 1069-72 Y, Bank Holding Companies and Change Lists of marginable, discontinuation 96 in Bank Control 337, 350, 673, 833^4 Z, Truth in Lending 37, 47, 96, 97, 337, 338 PATRIKIS, Ernest T, First Vice President, DD, Truth in Savings 338, 746, 797, Federal Reserve Bank of New York, 940, 949-55 Year 2000 and computer systems, statement 659-67 Regulatory burden 326-30, 332-6 Pauley, Darrell R., promoted to Assistant Director, Reidhill, Marsha, appointed Assistant Director, Management Division 39 Division of Reserve Bank Operations and Payments services from Federal Reserve 193 Payment Systems 340 Philadelphia National Bank 705, 706 Reinhart, Vincent R., promoted to Deputy Associate Phillips, Governor Susan M. Director, Division of Monetary Affairs 749 Circuit breakers for equity-related markets, statement 184 Reserve requirements 37, 47, 326—30 Resignation 454 Reserve Requirements of Depository Institutions Pilloff, Steven J., article 1025 (Reg. D) 37,47, 337, 350 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis December 1998

Index to Volume 84 A87

Pages Pages Reserves, patterns in and management Stock prices 601 strategies for 519. 523, 524 Survey of Terms of Business Lending 604-15 Residential assets and investments 160 Survey of U.S. Ownership of Foreign Long-Term RESPA (See Real Estate Settlement Procedures Act) Securities, Treasury Department 318 Risk-based capital 38, 96, 668. 822 Surveys of Consumers 250 Rules, home mortgage disclosure Ill System Open Market Account holdings .... 519, 521, 530, 531, 532 Rules Regarding Availability of Information 52, 105 Rules Regarding Delegation of Authority 97 TECHNICAL Committee of the International Organisation of Securities Commissions (IOSCO) 38 S. 1405, statements 326-30, 332-6 Terms of Business Lending, Survey of, article 604—15 Same-day settlement rule 338 Thompson, Portia W., EEO Programs Adviser, Saving rate 159 Office of Board Members, retirement 39 Section 20 subsidiaries 337, 350 Thrift Institutions Advisory Council, new members 95 Securities holdings 396, 529, 530 Thrift institutions, C&l lending 1025-37 Self-testing privilege 95, 107 Through-the-cycle grading 899 Semiconductors, production of 79 Tier 1 leverage capital standard 538, 673, 833—4-1 Settlement systems 38 Tier 2 leverage capital standard 841-4 Shack-Marquez, Janice, appointed Assistant Director, Tinsley, Peter A., Deputy Associate Director, Division Division of Research and Statistics 99 of Research and Statistics, retirement 1061 Shannon, David L 39, 456 To Their Credit: Women-Owned Businesses, videotape 1060 Siegman, Charles J., Senior Adviser, Division of Towne Bancorp, Inc., enforcement action 1060 International Finance, retirement 456 Towne Bank, enforcement action 1060 Small businesses, loans to 707 Trade deficit, US 311 Smith, Dolores S., appointed Director, Division of Trading activities, report 38 Consumer and Community Affairs 456 Trading and Capital-Markets Activities Manual, 1998 339 Snyder, Barry R., appointed Inspector General, Transportation equipment, production of 80 Office of the Inspector General 540 Travelers Corp., public meeting scheduled 669 Social security reform, statement 627, 925 Treacy, William F., article 897 SOMA (System Open Market Account) ... 519, 521, 530, 531, 532 Treasury and Federal Reserve foreign exchange Sound Practices for Loan Accounting, Credit operations, articles 174-9, 420-25, Risk Disclosure and Related Matters, 716-21, 1038-43 Basle Committee paper 1059 Treasury. U.S. Department of the, Benchmark Survey Staff Study summary, Cost of bank regulation: of U.S. Ownership of Foreign Long-Term Securities 318 A review of the evidence 252 Truman, Edwin M. Standard & Poor's bond rating scale 900 Appointed Senior Adviser, Division of State and local governments, expenditures 163 International Finance 941 Statements to the Congress (including reports and letters) Nomination to Assistant Secretary for International Anti-money-laundering efforts (Herbert H. Biern) 639^3 Affairs, U.S. Treasury, Chairman Greenspan's Antitrust issues related to mergers and statement 941 acquisitions (Governor Meyer) 619-27 Truth in Lending (Reg. Z) Asia financial crisis (Chairman Greenspan) 257-62 Amendment 37, 47, 96 Bank mergers (Governor Meyer) 438-51 Official staff commentary 337 Circuit breakers for equity-related markets Proposed actions 97, 338 (Governor Phillips) 184 Reform 730-5,746 Commodity Exchange Act and derivatives Truth in Lending Act 268 transactions (Board of Governors of the Truth in Savings (Reg. DD) 338, 746. 797, 940, 949-55 Federal Reserve System) 636-9 Tulpan, Ted, article 517 Consumer price index (Governor Gramlich) 451-3 Developments in world finance (Chairman Greenspan) 30-2 U.S. current account balance 309 Electronic payment services (Governor Ferguson) 628-32 U.S. economy and monetary policy, statements 183, 262-7 Federal Reserve and Year 2000 U.S. international transactions in 1997, article 309-21 (Governor Kelley) 25-31, 433-8, 929-35 U.S. trade deficit 311 Federal Reserve note and Euro bank note (Theodore E. Allison) 1054-6 Financial Services Act of 1998, H.R. 10 VARIABLE-rate loans, disclosure regulation 96 (Chairman Greenspan) 647-59 Videotape, To Their Credit: Women-Owned Businesses 1060 Global financial system (Chairman Greenspan) 186-90, 325, 536, 926-9, 936-8 WAGES and compensation 165 Home mortgage loans, streamlining disclosure Ways to Simplify Consumer Disclosures in requirements (Governor Meyer) 725-7 Home-Secured Loans, joint report 746 Long-Term Capital Management, hedge fund Weighting scheme for indexes 815 Chairman Greenspan 1046—50 Weis, John R., appointed Adviser to the Staff Director for William J. McDonough 1050-54 Management 39 Medicare program (Chairman Greenspan) 429—33 Wells Fargo & Company 823 Over-the-counter derivatives (Chairman Greenspan) 742 Whitesell, William C., appointed Assistant Director, S. 1405 (Governor Meyer) 326-30, 332-6 Division of Monetary Affairs 749 Social security reform (Governor Gramlich) 627, 925 Wiles, William W., Secretary of the Board. Office Social Security's Federal Old-Age. Survivors, of the Secretary, retirement 455 and Disability Insurance benefits program World finance, statement 30-2 (Chairman Greenspan) 32-5 World Wide Web site, Board's new address 748 Truth in Lending Act and RESPA, reform (Governor Gramlich) 730-5 YEAR 2000 U.S. economy and monetary policy Council, Governor Ferguson appointed chairman 746 (Chairman Greenspan) 183, 262-7, 330-2, Federal Reserve readiness, statements 25-31, 433-8, 632-6, 643-7, 735^2 659-67, 929-35 Year 2000 (Y2K), computer systems, and Information systems readiness 1058 international finance (Ernest T. Patrikis) 659-67 Public awareness program 29 Stekler, Lois E., article 309 Young, Florence M., Assistant Director, Division of Stevens, Richard C, promoted to Deputy Director, Reserve Bank Operations and Payment Systems, Division of Information Resources Management 748 retirement 340 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis