Index to Volume 84

A77

GUIDE TO PAGE REFERENCES IN MONTHLY ISSUES

Issue Text "A" Pages

January ..February .March ...AprilMayJune

1- 7677-154

155-240241-308309-390391-516

1-761-861-781-801-901-78

Index totables

667666647464

The "A" pages consist of statistical tables and reference information.

Issue

JulyAugustSeptember .OctoberNovember .December .

Text

517- 584585- 702703- 810811- 896897-1024

1025-1132

"A" pages

1-801-861-961-781-921-88

Index totables

667680667664

Statistical tables are indexed separately (see p. A64 of this issue).

PagesAgricultural loans 1-21Alexander, Lewis S., appointed Deputy Director,

Division of International Finance 941Allison, Theodore E., Assistant to the Board, Federal

Reserve note and Euro bank note, statement 1054-56Annual Report, 84th. 1997 455Annual Report, Budget Review, 1998-99 455Anti-money-laundering efforts, statement 639^43Antitrust issues 619-27, 705Articles

Bank merger policy and the new CRA data 703-15Credit risk rating at large U.S. banks 897-921Industrial production and capacity utilization:

Annual revision and 1997 developments 77-91Monetary policy reports to the Congress 155-73, 585-603New information on lending to small businesses

and small farms: The 1996 CRA data 1-21New summary measures of the foreign exchange

value of the dollar 811-18Open market operations during 1997 517-32Profits and balance sheet developments at U.S.

commercial banks in 1997 391^119Recent changes to the Federal Reserve's Survey of

Terms of Business Lending 604-15Recent developments in home equity lending 241-51Thrift involvement in commercial and industrial

lending 1025-37Treasury and Federal Reserve foreign

exchange operations 174-9,420-25,716-21, 1038-43

U.S. international transactions in 1997 309-21Asia, financial crisis 175, 186, 257-62, 310,405Audit outsourcing, sound practices for 97Automated clearinghouse 25Automobile leasing 940, 948

BALANCE sheet developments, U.S. commercial banks .. 391-400Banca Serfin, S.A., cease and desist order 539, 573Banco Industrial de Venezuela, cease and desist order 539. 573Banco Internacional, S.A., cease and desist order 539, 573Banco Nacional de Mexico, cease and desist order 539, 573Banco Santander, cease and desist order 539, 573Bancomer, S.A., cease and desist order 539, 573Bank Examination Report Privilege Act (BERPA) 725, 727Bank examiners, risk-based capital guidelines 668Bank for International Settlements, Committee

on Banking Supervision 28

PagesBank holding companies

Elimination of duplicative approval requirements 727Index of orders and actions taken by the Board .. 69, 297-9, 566,

887, 889Small shell, revision in supervisory policy 37Tier 1 and 2 leverage capital standard 538, 673, 833^14

Bank Holding Company Act of 1956Applications approved under

1855 Bancorp 568, 8011st Brookfield, Inc., Employee Stock Ownership Plan ... 6941 st Choice Financial Corporation 373ABN AMRO Bank, N.V., Amsterdam,

the Netherlands 513ABN AMRO Holding, N.V., Amsterdam,

the Netherlands 512, 513ABN AMRO Incorporated 513ABN AMRO North America, Inc 512Acadiana BancShares, Inc 1020Advance Bancorp, Inc 1129Alabama National Bancorporation 70, 568, 890Albert J. Ortte Family Limited Partnership 803Alliance Bancorporation, Inc 301Alliance Bancshares, Inc 801Allied Irish Banks, P.L.C., Dublin, Ireland 567Amador Merger Corporation 71Ambank Company, Inc 303AMCORE Financial, Inc 237AmCorp Financial. Inc 801Ameribanc, Inc 145, 509, 694, 800America's First Bancorp, Inc 509American State Bank Holding Company, Inc 146American State Financial Corporation 235American State Financial Corporation of Delaware 235Amerigroup, Inc 150AmTrust, Inc 568ANB Corporation 1129Anchor Financial Corporation 801Androscoggin Bancorp, Inc 1020Androscoggin Bancorp, MHC 1020Anson Bancorp, Inc 568Archer, Inc 890Area Bancshares Corporation 303, 1126Arizona Bancshares, Inc 801Arvest Bank Group, Inc 891, 893Associated Banc-Corp 1017Automated Technology Machines, Inc 1020Avon State Bank Employee Stock Ownership

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

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedBane Corporation 1017Bane Ed Corp 146BancFirst Corporation 370, 890, 1126BancorpSouth, Inc 1126Bancshares of Jackson Hole, Inc 891Bancshares of Missouri, Inc 511Bank Capital Corporation 570BankofLadd 1127Bank of Montreal, Montreal, Ontario, Canada 73, 146Bank of Montreal, Toronto, Ontario, Canada 570, 892Bank of New York Company, Inc 303, 1129Bank of Nova Scotia New York Trust Company 697Bank of Nova Scotia, Toronto, Ontario, Canada 149, 697Bank of the Ozarks, Inc 237, 1129Bankers Trust New York Corporation 511BankFirst Corporation 693Bankmont Financial Corporation 73, 146, 570, 892Banque Nationale de Paris, Paris, France 303. 1017, 1020Baraboo Bancorporation 568Barclays Bank PLC. London, England 892Barclays California Corporation 892Barclays Capital, Inc 892Barclays PLC, London, England 892Barclays USA 892Bayerische Vereinsbank, AG, Munich.

Federal Republic of Germany 237, 571Baylake Corporation 1126BB&T Corporation 303, 509, 694, 697, 804BB&T Financial Corporation of Virginia 509Belvedere Capital Partners, Inc 568Bethany Bankshares, Inc 509Blackhawk Bancorp, Inc 805BNY Capital Markets, Inc 303BOC Financial Corp 509Bodcaw Bancshares. Inc 1017BOK Financial Corporation 892, 1126Bolivar Banking Corporation 301Bonifay Holdings, L.L.C 1126BOR Bancshares, Inc 146Boston Private Bancorp, Inc 73Brookline Bancorp. Inc 301Brookline Bancorp, N.H.C 301Buckhead Community Bancorp, Inc 235Buena Vista Bancorp, Inc 568Builders Financial Corporation 71Busby Holdings, Inc 372Business Holding Corporation 1126Cache Bank Financial Corporation 370Cambridge Financial Group, Inc 694Capital Community Bancorporation, Inc 301Capitol Bancorp, Ltd 71, 146, 509, 1017Capitol City Bancshares, Inc 890Cardinal Financial Corporation 568Carolina First BancShares. Inc 890Carolina First Corporation 511, 892Carrollton Bancorp 301Castle Creek Capital Partners Fund I, L.P.,

La Jolla, California 150Castle Creek Capital Partners Fund-I, L.P.,

Rancho Santa Fe, California 801, 1018, 1126Castle Creek Capital, L.L.C, La Jolla, California 150Castle Creek Capital, L.L.C,

Rancho Santa Fe, California 801, 1018, 1126CBI-Kansas, Inc 235, 890, 1017CBOT Financial Corporation 697CBOT Financial Corporation of Delaware 697CCB Bancorp, Inc 890CCF Holding Company 890Central Bancompany, Inc 694Central Bancshares. Inc 149, 805. 1126Central Illinois Bancorp, Inc 235Central Iowa Bancorporation 509Central Trust Company 694Centura Banks, Inc 299Century Bancshares. Inc 1126Century Bank Corp 235CGB Acquisition Corporation 147

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedChambers Bancshares, Inc 370Chase Equity Holdings, Inc 1125Chase Manhattan Corporation 1125C1TBA Financial Corporation 697Citizens & Northern 512Citizens Bancorp. Inc 568Citizens Bancshares Company 71Citizens Bancshares Corporation 146Citizens Bancshares. Inc.. Crawfordville, Florida 890Citizens Bancshares, Inc., Edmond, Oklahoma 890Citizens Bancshares, Inc., Salineville, Ohio 146, 801, 893Citizens Banking Company 146Citizens Effingham Bancshares. Inc 71Citizens Financial Corporation 370Citizens National Bancshares, Inc 568City Holding Company 373City National Corporation 71City Savings Bank of Pittsfield 1127Clover Community Bankshares, Inc 568CNB Bancshares. Inc 304, 568CNB Holdings, Inc 694Coddle Creek Financial Corp 71Colonial BancGroup, Inc 146, 890, 892, 1126, 1129ComBanc, Inc 694Commerce Bancorp, Inc 695Commerce Bancshares, Inc., Albertville, Alabama 235Commerce Bancshares, Inc.,

Kansas City, Missouri 235,890, 1017Commerce Financial Corporation 892Commercial BancShares, Incorporated 146Commercial Guaranty Bancshares, Inc 147Community Bancshares of Mississippi, Inc 235Community Bancshares of Mississippi, Inc.,

Employee Stock Ownership Plan 301Community Bancshares of West Plains. Inc 71Community Bank Capital Corporation 509Community Bank Minnesota Employee Stock

Ownership Plan 890Community Bank Shares of Indiana, Inc 301Community Banks of Florida, Inc 510Community Banks, Inc 370Community Bankshares, Inc 71. 695Community Financial Group, Inc 1017Community Financial Services, Inc 571Community First Banking Company 147Community First Bankshares, Inc 370, 695, 801Community Group, Inc 370Community National Bancorporation 149Community National Bank Corporation Employee

Stock Ownership Plan 301Community Trust Bancorp, Inc 507Community Trust Financial Services Corporation 373Community West Bancshares 147, 1020Compass Bancorporation of Texas, Inc 145Compass Bancshares, Inc 145, 693, 1125Compass Banks of Texas, Inc 145Concord EFS, Inc 149, 373Connor Trusts 890Cornhusker Growth Corporation 373Cortland First Financial Corporation 1126CountryBanc Holding Company 370, 568Countryside Bancshares, Inc 370Covenant Bancgroup, Inc 71Credit Commercial de France S.A.. Paris, France 149CSB Bancshares, Inc 71. 301Cullen/Frost Bankers, Inc 145, 508Cumberland Bancorp, Inc 510Dakota Bancshares, Inc 370Danvers Bancorp, Inc 890Dauphin Bancorp, Inc 695Davis Bancorporation, Inc 512, 1129Delaware Community Group, Inc 370Delaware Financial, Inc 1128Deposit Guaranty Corp 369Deutsche Bank, AG, Frankfurt am Main,

Federal Republic of Germany 303, 512, 805, 892Deutsche Morgan Grenfell, Inc 303

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

December 1998

Index to Volume 84 A79

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedDeWitt First Bankshares Corporation 373Diamond Bancorp, Inc 695DRH Mortgage, LLC 1016Eagle Lake Bancshares, Inc 1017Eastern Virginia Bankshares, Inc 147Eggemeyer Advisory Corp 150,801, 1018, 1126El Paso Bancshares, Inc 801Emigrant Bancorp, Inc 890Employee Stock Ownership Trust of People's

Bank and Trust Company of Pickett County 569Equitable Financial Corporation 1018Exchange Bancshares, Inc 695F.N.B. Corporation 147, 569, 890F&M Bancorp 1127F&M Bancorporation, Inc 235, 371F&M Bancshares, Inc 71F&M Merger Corporation 235. 371F&M National Corporation 237Farmers Bancshares, Inc 695, 805Farmers State Corporation 149, 510FBOP Corporation 71, 235FCB Bancorp, Inc 569Fidelity Ban Corporation 71Fidelity Company 301Fifth Third Bancorp 73,571Fifth Third Bank 149FINABEL Corporation 1017Financial Bancshares, Inc 801Financial Investors of the South, Inc 1020First American Bankshares, Inc 802First American Corporation 300, 369, 693, 889First Azle Bancshares, Inc.. Employees

Stock Ownership Plan 370First Bancorp 1018First Bancorporation, Inc 1129First Bancshares, Inc 891First Banks America, Inc., Clayton, Missouri 147First Banks America, Inc., Houston, Texas 71First Banks, Inc 71, 147, 890First Beemer Corporation 1126First Belmond Bancorporation 1018First Busey Corporation 235First Business Bancshares, Inc 237First Capital Bancshares, Inc 370First Centralia Bancshares, Inc 512, 1129First Charter Corporation 892First Chicago NBD Corporation 508First Citizens Bane Corp 510First Citizens Bancshares, Inc 1125First Commerce Bancshares, Inc 695First Commercial Corporation 304First Empire State Corporation 233First Financial Bancorporation 800First Gilmer Bancshares, Inc 569, 1127First Gilmer Delaware Holdings, Inc 569, 1127First Hawaiian, Inc 1018First Jermyn Corp 371First Lansing Bancorp, Inc 1020First National Bancorp, Inc 71First National Bancshares, Inc 1018First National Bank at St. James, ESOP 71, 695First National Bank of Artesia Employee

Stock Ownership Plan 147First National Bank of Nevada Holding Company 890First National Corporation 301, 1020First National of Nebraska. Inc 800First Nebraska Banes, Inc 301First Neighborhood Bancshares, Inc., Employee

Stock Ownership Plan 510First Pecos Bancshares, Inc 1018First Place Financial Corporation 371First Region Bancshares, Inc 802First Savings Bank of Washington Bancorp, Inc 371First Security Corporation 146, 234, 567First State Financial Corporation 71First Telebanc Corporation 695First Union Corporation 373, 571, 890

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedFirst United Bancshares, Inc 235, 371, 373First Western Bancorp, Inc 237, 1129First Western Bancshares Employee Stock

Ownership Plan 147First York Ban Corp 510Firstand Company 510FirstFederal Financial Services, Corp 571FirstMerit Corporation 697Firstrust Corporation 235, 1020Fishback Financial Corporation 1020Fisher Bancorp, Inc 71Flag Financial Corporation 374, 510, 1018, 1020, 1127Fleet Financial Group, Inc 73Florida Banks, Inc 695FMB Bankshares, Inc 698FMCB Holdings, Inc 371FNB Financial Services, Inc., Employee Stock

Ownership Plan 301Forstrom Bancorporation, Inc 371Fort Madison Financial Company 802Founders Financial Corporation 510Frandset Financial Corporation 695Franklin Bancorp, Inc 1020Frontier Financial Corporation 1127Fryburg Banking Company, Inc 569FSBO Holdings, Inc 890Fulton Financial Corporation 234GB&T Bancshares, Inc 510GEBSCO,Inc 147George Family Partnership, Ltd 1126George Washington Bancorp, Inc 71Gifford Bancorp, Inc., Employee Stock

Ownership Plan 235Giltner Investment Partnership II, Ltd 571Glacier Bancorp, Inc 236, 371GNB Bankshares Corporation 147Gold Bane Acquisition Corp., Inc., II 301Gold Bane Acquisition Corporation VII, Inc 802Gold Bane Corporation, Inc 301, 695, 802, 1127Governor and Company of the Bank of Ireland,

Dublin 2, Ireland 73Grandview Bancshares. Inc 1127Grandview Delaware Financial, Inc 1127Great Southern Bancorp, Inc 697Greater Bay Bancorp 71, 510Greater Community Bancorp 373Greater Southern Capital Corporation 72Greater Southern Capital Corporation Employee

Stock Ownership Trust 72Guaranty Capital Corporation 695GV Bancorp Employee Stock Ownership Plan 371GV Bancorp. Inc 371Habersham Bancorp 802Halbur Bancshares, Inc 569Hall Properties, LP 569Hancock Holding Company 802Harlingen Bancshares, Inc 302Harris Bancorp, Inc 73, 146Heartland Financial USA. Inc 510, 805Henderson Bancshares, Inc 73Heritage Bancorp, Inc 802Heritage Capital Corporation 510Heritage Commerce Corp 1127Heritage Financial Corporation 72, 695Heritage Group, Inc 892Hibernia Corporation 147, 371, 569Highlands Independent Bancshares, Inc 147Hogan Investments, Limited 236Hogan Investments, Inc 236Holland Financial Corporation 1018Home Valley Bancorp 569Homeside Lending, Inc 571Hometown Bancorp, Ltd 147Hometown Bancshares, Inc 371, 695Hoosac Financial Services, Inc 302Horizon Bank of Florida Employee Stock

Ownership Plan 147

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

December 1998

A80 Federal Reserve Bulletin December 1998

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedHorizons Bancorp. Inc 802HUBCO.Inc 303Huntington Bancshares, Incorporated 73, 303Imperial Bancorp 1129Independent Bank Corporation 512Independent Mutual Holding Company 302Independent Southern Bancshares, Inc.,

Employee Stock Ownership Trust 147Industry Bancshares, Inc 236Inland Northwest Bancorporation, Inc 373Integrion Financial Network, LLC 512Interchange Financial Services Corporation 510International Brotherhood of Boilermakers,

Iron Ship Builders, Blacksmiths, Forgers.and Helpers 372

InterWest Bancorp. Inc 147. 695, 891Intra Financial Corporation 1127Inver Grove Bancshares, Inc 302Investors Financial Services Corp 697ISB Financial Corp 510J.R. Montgomery Bancorporation 236James River Bankshares, Inc 372JDOB, Inc 802JJ&B Capital, L.P. 372K&Z Company. LLC 695Kanbanc, Inc 510Keene Bancorp, Inc. 40 Hk) Employee

Stock Ownership Plan 1018Killbuck Bancshares 1018Koss-Winn Bancshares, Inc., Employee

Stock Ownership Plan with 401(k) Provision 148Krum Holdings, L.L.C 372Lake Bank Shares, Inc., Employee Stock

Ownership Plan 1127Lakeland Bancorp. Inc 236Larch Bancorporation. Inc 802Laurens Bancshares, Inc 236LB Bancorp, Inc 510LCNB Bancorporation of Delaware, Inc 569LCNB Bancorporation, Inc 569Legacy Bancorp, Inc 1127LeMars Acquisition Corp 802Lenox Financial Services Corp 304Light Bancshares Corporation 148Lincoln Interim Corporation 302Lino Lakes Bane Shares, Inc 569Little Sioux Bancshares, Inc 372Louisville Development Bancorp, Inc 74M.I.F. Limited 696Magna Group, Inc 373MainBancorp, Inc 372Maincorp Intermediate Holding Company, Inc 372Mainline Bancorp, Inc 569MainStreet BankGroup, Incorporated 302, 569Marfa Bancshares, Inc 891Marfa Delaware Bancshares, Inc 891Marin National Bancorp 1127Marine Bancshares, Inc 1127Marquette Bancshares, Inc 802Marshall & Ilsley Corporation 237Marshall Community Bancshares, Inc 372Maryland Permanent Capital Corporation 1021Mason-Dixon Bancshares, Inc 304Matson Financial, Inc 72MBC Investments Corporation 805MBNA Corporation 72MBT Bancshares, Inc 372McCurtain County Bancshares, Inc 302McLaughlin Bancshares, Inc 800Mellon Bank Corporation 236, 237, 805, 1129Mercantile Bancorp, Inc 72, 1020Mercantile Bancorporation, Inc 145, 237, 509, 694, 800Merchants Holding Company 695, 891MetBank Holding Corp 803Metrocorp Bancshares, Inc 1 127Metrocorp-Delaware. Inc 1127Michigan Community Bancorp, Limited 1127

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedMid-America Bancorp, Inc 510Mid-America Mortgage Services, Inc 150Mid-Atlantic Community BankGroup, Inc 512Mid-Penn Bancorp, Inc 569Middle Georgia Corporation 237Midland Bancshares, Inc 236Midland First Financial Corporation 72Midwest Bancorporation. Inc. & Affiliates

Employee Stock Ownership Plan 803Midwest Bankers' Bancorporation, Inc 374Millbrook Bank System, Inc 236Minnwest Corporation 805Mississippi Valley Bancshares. Inc 236MNB Bancshares, Inc 148Montana First National Bancorporation 72Montana Security, Inc 148Morgantown Bancshares, Inc 148Morrill & Janes Bancshares, Inc 512, 1129Morrill Bancshares, Inc 512, 1127, 1129Mutual Bancorp of the Berkshires, Inc 1127Mystic Financial, Inc 148N.A. Corporation 803Narragansett Financial Corp 236NatBC Holding Corporation 72NATCOM Bancshares, Inc 511National Australia Bank, Limited,

Melbourne. Australia 304, 571National Bank of Canada, Montreal,

Quebec, Canada 72, 149National City Bancshares, Inc 372, 803, 892,

1018, 1128National City Corporation 234, 300, 508. 567National City Mortgage Co 300National Commerce Bancorporation 150, 236. 803, 1018National Commerce Community Bancorp, Inc. I 236National Commerce Community Bancorp, Inc. II 236National Processing, Inc 234, 567NationsBanc Montgomery Securities, LLC 805NationsBank Corporation 148, 805NB Holdings Corporation 148NCB Holdings, Inc 1018Neighborhood Bancorp 512New England Community Bancorp. Inc 148, 569New Galveston Company 508New Independent Bancshares, Inc 512New London Bancshares, Inc 1129New Millennium Bankshares, Inc 891Newton Financial Management Company, LLC 236Niagara Bancorp, MHC 300North Shore Bancorp 148Northern Trust Corporation 511, 892Northwest Bancorporation, Inc 1018Norwest Corporation 74, 148, 234, 237,

369, 508, 567, 568,693, 694, 800, 801,

1016, 1125Norwest Financial Services. Inc 74, 694Norwest Financial, Inc 74, 694Norwest Mortgage, Inc 800Norwest Ventures. LLC 800NSB Bancorp, Inc 150NW Bancorp, Inc 696Oconee Financial Corporation 1128Ohnward Bancshares, Inc 372Old Kent Financial Corporation 800Old National Bancorp 1125Olympia Financial Corp 234Onaga Bancshares, Inc 512, 1129One Valley Bancorp, Inc 374, 803Orchard Valley Financial Corporation 697Osceola Bancorporation 569Ottawa Bancshares, Inc 1128Owen-Curtiss Financial Corporation 72Pacific Coast Bankers' Bancshares 1128Palm Desert Investments 698Panhandle BancShares, Inc 148Paramount Bancorp, Inc 302

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

December 1998

Index to Volume 84 A81

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedPASL Holding Corp 803Pedcor Bancorp 148Penns Woods Bancorp, Inc 72Penseco Financial Services Corporation 150Peoples Bancorporation, Inc 72, 803Peoples BancTrust Company, Inc 372, 511Peoples Heritage Financial Group, Inc 74Peoples Holding Company, Inc 569Peoples Service Company 803Peoples Trust of 1987 148Peoples, Inc 148Pepperell Bancshares Financial Group, Inc 1128Petefish, Skiles Bancshares, Inc 1128PHS Bancorp, M.H.C 1128Pilot Grove Savings Bank Employee Stock

Ownership Plan 891Ploetz Investments, Limited Partnership 696Plymouth Bancorp, Inc 803Popular International Bank, Inc 1019Popular North America, Inc 1019Popular, Inc 1019Portage Bancshares, Inc 696Porter Holdings, Ltd 372Premier Bancorp, Inc 569Premier Bancshares, Inc 148,570, 1019Premier Financial Bancorp, Inc 148, 696Premier Financial Corp 891Premier Holdings-Nevada, Inc 511Prosperity Bancshares, Inc 891Provincial Corp 1128PSB BancGroup, Inc 372PSB Bancorp, Inc 696Putnam County Bancorp, Inc 1128Redstone Bancorporation, Inc 1019Regions Financial Corporation 236, 237, 238, 302, 696Republic Bancshares, Inc 148, 698. 805Republic First Bancorp, Inc 1128Rigler Investment Co 696Riverside Banking Company 149Riverside Gulf Coast Banking Company 72Robinson Bancshares, Inc 1128Rockhold Bancorp 149Roscoe Community Bankshares, Inc 72Roseau Realty Co., Inc 74Royal Bank of Canada, Montreal. Quebec, Canada 512RSI Bancorp, Inc 803RSI Bancorp. MHC 803RSNB Bancorp 1016RVB Bancshares, Inc 696RW Bancorp.. Ltd 149Salisbury Bancorp, Inc 696San Juan Bank Holding Company 804Sandy Spring Bancorp, Inc 1019Savannah Bancorp, Inc 1019Second Bancorp 1129Second Bancorp, Incorporated 891Second National Financial Corporation 1019Security Bancshares, Inc 302Security Bank Holding Company 72, 511, 804Security Bank Holding Company Employee

Stock Ownership Plan 72, 511Security State Bancshares, Inc 72, 570Seed Money, Limited Partnership 1128Sequatchie Valley Bancshares, Inc 1020Service Bancorp, MHC 804Shamrock Delaware Financial, Inc 372Sherburn Bancshares, Inc 1129Sherwood Bane Corporation 804Shorebank Corporation 511Shorebank Detroit Corporation 511Signature Bancshares, Inc 570Simmons First National Corporation 1125SIS Bancorp, Inc 73SJNB Financial Corporation 571SNB Bancorp 236SNB Bancshares, Inc 804South Alabama Bancorporation, Inc 234, 1016

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedSouth Branch Valley Bancorp, Inc 149South Tulsa Financial Corporation 511South Valley Bancorp, Inc 302Southeast Capital Corporation 571Southeast Capital Corporation, ESOP 571Southern Bancshares. Inc 372Southern Development Bancorporation, Inc 570Southern Heritage Bancorp, Inc 570Southern Missouri Bancshares, Inc 149Sparta Union Bancshares, Inc 73Spring Hill (Delaware), Corporation 696Spring Hill Holdings Corporation 696SSB Investments, Inc 694Standard Mutual Holding Company 302Star Bane Corporation 696State Financial Services Corporation 150State National Bancshares, Inc 302, 1019State of Franklin Bancshares, Inc 511State Street Corporation 694, 1125Sterling Bancorporation, Inc 1019Sterling Bancshares, Inc 1019Stichting Administratiekantoor ABN AMRO Holding,

Amsterdam, The Netherlands 512Stichting Prioriteit ABN AMRO Holding,

Amsterdam, The Netherlands 512Stockmens Financial Corporation 237Strasburg Bancorp, Inc 149Summit Bancorp 1021Summit Bankshares, Inc 571Sun Community Bancorp, Limited 509, 1017Sundance Bankshares, Inc 149Sundowner Corporation 71, 147SunTrust Banks of Florida, Inc 891SunTrust Banks, Inc 891SW Financial, Inc 73SWB Bancshares, Inc 73Swiss Bank Corporation, Basel, Switzerland 304Synovous Financial Corp 804Tarpon Coast Bancorp, Inc 302TB&C Bancshares, Inc 804Tennessee Central Bancshares, Inc 149Texas Capital Bancshares, Inc 891Texas Financial Bancorporation, Inc 1128Texas United Bancshares, Inc 511TIB Financial Corporation 1129Timberland Bancorp, Inc 149Tippins Bankshares Inc 302Toronto-Dominion Bank, Toronto, Ontario, Canada 74, 571Town Bankshares, Ltd 696Traditional Bancorporation, Inc 511TransPecos Financial Corp 372Travelers Rest Bancshares, Inc 1128Tri-County Financial Group, Inc 511Triangle Bancorp, Inc 696Trust No. 3 under the Will of Charles Henderson 73U.S. Bancorp 74U.S.B. Holding Co., Inc 892UB&T Financial Services Corporation 696UCBH Holdings, Inc 804Union Bankshares Corporation 697Union Bankshares, Inc 1019Union City Corporation 149Union Planters Corporation 303, 373, 508, 513,

571, 697, 804,1020, 1128

Union Planters Holding Corporation 373, 508, 513, 571,697, 804, 1128

UnionBancorp, Inc 805, 1020United Bancorp, Inc 570United Bankshares, Inc 303, 1020United Community Bancshares 570United Community Bancshares, Inc 698United Financial Corp 891, 893, 1128United Financial Holdings, Inc 150United Overseas Bank, Limited, Singapore 1129United Security Bancorporation 697Unity Bancshares, L.L.C 373

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December 1998

A82 Federal Reserve Bulletin December 1998

PagesBank Holding Company Act of 1956—Continued

Applications approved under—ContinuedUnity Holdings, Inc 570Upson Bankshares, Inc 1020USAL Bancorp, Inc 570UST Corp 805, 893Vail Banks. Inc 891Val Cor Bancorporation, Inc 374Valley National Corporation 570Verona Bancshares, Limited 73VIB Corp 236Violeta Investments, Ltd 891Virginia Bank Bankshares, Inc 73Voyager Financial Services Corporation 1021Wachovia Corporation 70, 145, 234, 508, 568Warren Bancorp, Inc 891Warwick Community Bancorp, Inc 73Washington Bancorp 73Waterhouse Investor Services, Inc 74, 571Wayne Bancorp, Inc 303West Burlington Bancorporation 804Westdeutsche Landesbank Girozentrale,

Duesseldorf, Federal Republic of Germany 513, 1129Western Sierra Bancorp 1019WFC, Inc 1019Whitney Holding Corporation 804Wilber Company 570Williams Partners, L.P. 236Wills Point Financial Corporation 149Wilmington Trust Corporation 1130Winter Trust of 12/3/74 804Winter-Park Bancshares, Inc 73Wintrust Financial Corporation 1020WTSB Bancorp, Inc 697WTSB Delaware Bancorp, Inc 697Zions Bancorporation 149, 373, 374

Orders issued underBane One Corporation 553-8, 961-85Banco Bilbao Vizcaya, S.A., Bilbao, Spain 356-8BankAmerica Corporation 858-84BankBoston Corporation 849-52Charter One Financial, Inc 1079-83Citicorp 985-1016Commerce Bancorp, Inc 358-60, 798Cooperatieve Centrale Raiffeisen-Boerenleenbank,

B.A., Rabobank Nederland Utrecht,the Netherlands 852-5

Dresdner Bank AG, Frankfurt, Germany 361—3Eagle Bancorp, Inc 673Fifth Third Bancorp 677-80First American Corporation 845—7First Chicago NBD Corporation 961-85First Financial Corporation 279First Mariner Bancorp 956-9First Midwest Bancorp, Inc 486-9First National Bank Group, Inc 959-61First of Waverly Corporation I l lFirst Union Corporation 59, 489-507Firstar Corporation 1083-8FirstMerit Corporation 363-6Fleet Financial Group, Inc 227-30Fuji Bank, Limited, Tokyo, Japan 674HUBCO, Inc 547-51Indiana United Bancorp 280J.P. Morgan & Co., Inc 113-5KeyCorp 1075-89Lloyds TSB Group, pic, London, England 116-20National City Corporation 281-8NationsBank Corporation 129^5, 858-84NB Holdings Corporation 129-45North Fork Bancorporation, Inc 290-94, 477-81Norwest Corporation 552, 676, 847-52,

1088-115Norwest Investment Services, Inc 552Oechsle International Advisors, L.P. 361-3PAB Bankshares, Inc 474-7Peoples Heritage Financial Group, Inc 351^4Popular, Inc 481-3RCM Capital Management. L.L.C 361-3

PagesBank Holding Company Act of 1956—Continued

Orders issued under—ContinuedRegions Financial Corporation 354-6, 558-63Royal Bank of Canada, Montreal,

Quebec, Canada 855-8Sanwa Bank Limited, Osaka, Japan 120Shore Financial Corporation 288Societe Generale, Paris, France 680—3Star Bane Corporation 121-6SunTrust Banks, Inc 126-9, 1115-21Travelers Group, Inc 985-1016U.S. Bancorp 62^1,483-6, 1073-5UBS AG, Zurich and Basel, Switzerland 684-93Union Bank of Switzerland, Zurich,

Switzerland 684-93WesBanco, Inc 366-9

Bank Holding Company Supervision Manual 98, 339, 670Bank income data adjustments 408Bank Merger Act

Applications approved under1st United Bank 305Alabama Exchange Bank 74Alpha Community Bank 699American Bank of Montana 513AmSouth Bank 1130Atlanta Bank 151Atlantic Bank 572BancFirst 151, 806, 894, 1130BankofBelton 699Bank of Bentonville 1130Bank of Casa Grande Valley 894Bank of Commerce 513Bank of Cushing and Trust Company 698Bank of Greenville 151Bank of Lancaster 238Bank of Marion 806Bank of Monroe 1021Capital City Bank Group, Inc 1130Capital One Bank 238Centura Bank 305Citizens Bank 806Citizens Banking Company 806Citizens Trust Bank 238Colonial Bank 74, 151, 513, 572,

699, 894, 1130Comerica Bank 1130Commercial & Savings Bank Company 1021Commercial Bank 894Community Bank and Trust 74Community First Bank and Trust 374Compass Bank 150, 698, 893Eaton Bank 1021Exchange Bank & Trust Company 806F&M Bank-Blakeley, Inc 374F&M Bank-Northern Virginia 513F&M Bank-Richmond 374Farmers and Merchants Bank 151Farmers Bank of Maryland 151, 238Farmers State Bank 305, 572Farmers State Bank of West Concord 1130Farmers Trust Bank 305FCNB Bank 572, 1021Fifth Third Bank 572Fifth Third Bank of Central Kentucky, Inc 513Fifth Third Bank of Cincinnati 572Fifth Third Bank of Columbus 572Fifth Third Bank of Southern Ohio 572, 1021Fifth Third Bank of Western Ohio 572First Bank 75First Banking Center-Burlington 374First Community Bank 894First Farmers Bank & Trust Company 374First Interstate Bank 75First Security Bank 699First State Bank and Trust Company of Larned 151First Virginia Bank of Tidewater 151George Mason Bank 305Hanmi Bank 894Hanover Bank 806

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Index to Volume 84 A83

PagesBank Merger Act—Continued

Applications approved under—ContinuedHuron Community Bank 699Isabella Bank and Trust 374Jersey Bank for Savings 513Johnson Bank 572, 894Laurel Bank 1021Lindell Bank & Trust Company 894M&I Bank of Burlington 375M&I Bank of Racine 375M&I Bank of Shawano 806M&I Marshall & Ilsley Bank 375Manufacturers and Traders Trust Company 238Mercantile Bank 572Mercantile Bank Midwest 1130Mercantile Bank of Western Iowa 894Northern Neck State Bank 151Old Kent Bank 805Omni Bank 75One Valley Bank of Summersville. Inc 894Peninsula Trust Bank 699People First Bank 894, 1130Peoples Bank and Trust Company 375, 894Pointe Bank 460Premier Bancorp, Inc 75RCB Bank 699Republic Security Bank 460,699,894, 1130Richwood Banking Company 513Savina Bank 151Security Bank 1130Sentinel Interim Bank 806ShoreBank 513Southern California Bank 75Triane Bank 699Triangle Bancorp. Inc 375Triangle Bank 375Valley Independent Bank 375Virginia Heartland Interim Bank 1021Wesbanco Bank Wheeling 699Western Bank of Cody 699WestStar Bank 699

Orders issued underCentura Bank 64. 67WestStar Bank 294, 884

Bank merger issues 438-51, 619-27,643-7,703-15

Bank regulation, staff study summary 252BankAmerica Corporation 669. 748, 858-84Banking antitrust policy 705Banking structure 620, 621, 897-921Basle Accord, amendment and proposal 454Basle Committee on Banking Supervision 38, 268, 454,

940, 1059Basle Framework for Capital Adequacy, interpretation 1059Bechstein, Jerome C, enforcement action 1060Bethea, Martha, Associate Director, Division of

Research and Statistics, retirement 456Biern, Herbert A., Associate Director, Division

of Banking Supervision and Regulation,statement 639-43

Board of Governors (See also Federal Reserve System)Antitrust standards, application of 622-6Commodity Exchange Act and derivatives

transactions, statement 636-9Consumer Advisory Council

Meetings 268, 939New members 191-3Nomination procedures 538

Division mergers 39Index of orders and actions taken 69, 297-9, 566, 887-9Management Division 39Members

Ferguson, Roger W. appointed chairman,Year 2000 Council 746

Lists, 1913-98 701Phillips, Susan M., resignation 454

Staff changesAlexander, Lewis S 941Bethea, Martha 456

PagesBoard of Governors—Continued

Staff changes—ContinuedBowen, Brent L 456Braunstein, Sandra F. 456Clark, Stephen J 39Coyne, Joseph R 455Fox, Lynn S 455Frierson, Robert de V. 455Frost, David S 39Garwood, Griffith L 456Hannan, Maureen 749Hooper. Peter 941Horowitz, Fred 39, 456Hurt, Adrienne D 456Johnson. Jennifer J 455Johnson, Karen H 941Livingston, George E 39, 456Loney, Glenn E 456Mann, Catherine L 39Oliner, Stephen D 99Pauley, Darrell R 39Promisel, Larry 456Reidhill, Marsha 340Reinhart, Vincent R 749Shack-Marquez, Janice 99Shannon, David L 39, 456Siegman, Charles J 456Smith, Dolores S 456Snyder, Barry R 540Stevens, Richard C 748Thompson, Portia W. 39Tinsley, Peter A 1061Truman, Edwin M 941Weis, John R 39Whitesell, William C 749Wiles, William W. 455Young, Florence M 340

Thrift Institutions Advisory Council, new members 95World Wide Web site, new address 748

Bonanca, Jason J., article 1038Bonds, U.S. Treasury 531Borrowers of Securities Credit (Reg. X) 96, 197, 338, 469,

791, 1060, 1069Bostic, Raphael W., article 1Bowen, Brent L., Inspector General, Office of the

Inspector General, retirement 456Brady, Thomas F., article 604, 615Braunstein, Sandra F., promoted to Associate

Director, Division of Consumer Affairs 456Brigham, Lois A., enforcement action 1060Business equipment, output of 82Business sector 161, 167,591Businesses, small, lending to 1-21, 707

CANNER, Glenn B., articles 1, 241Capital adequacy guidelines 673, 822Capital holdings 164, 319, 398, 595Carey, Mark S., article 897Cash shipments, interstate 338Cease and desist orders

Banca Serfin, S.A., Mexico 539, 573Banco Industrial de Venezuela, Caracas, Venezuela 539, 573Banco Internacional, S.A., Bital, Mexico 539, 573Banco Nacional de Mexico, Banamex, Mexico 539, 573Banco Santander, Spain 539, 573Bancomer, S.A., Mexico 539, 573

Century Date Change (CDC) project 26, 1058Cheng, Virginia, article 517Circuit breakers for equity-related markets, statement 184Citicorp, public meeting scheduled 669Clark, Stephen J., promoted to Assistant Director,

Management Division 39Commercial and industrial loans 392, 1025-37Commercial banks

Balance sheet developments 391^19Capital 398Derivatives 398Income and expenses, tables 401, 409-19

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A84 Federal Reserve Bulletin December 1998

PagesCommercial banks—Continiued

Letters of credit 398Liabilities 397Loan and lease losses 404Loans 392, 394Securities holdings 396

Commodity Exchange Act of 1936 636-9, 742, 743, 744Communications equipment, production of 79Community development lending 1, 20Community Reinvestment Act of 1977 (CRA)

Bank mergers, effect on 443, 703-15H.R. 10 657Performance tests 3Small businesses and small farms, lending data 1

Computers, production of 79Condition statement. Federal Reserve Banks 575Conglomerates, supervision of 268Congressional Budget Office 183Construction supplies, production of 82Consumer Advisory Council

Meetings 268, 939New members 191-3Nomination procedures 538

Consumer disclosures on home-secured loans,joint report 746

Consumer goods, sales and production 81Consumer leasing (Reg. M) 338, 940, 948Consumer price index, statement 451-3Consumer spending 159, 589Coyne, Joseph R., Assistant to the Board,

Office of Board Members, retirement 455Credit, financial developments 597Credit by Banks for Purchasing and Carrying

Margin Stocks (Reg. U) 96, 197, 338Credit by Brokers and Dealers (Reg. T) 96, 197, 338, 469,

791, 1060, 1069Credit ratings at US. banks, article 897-921Cyrnak, Anthony W., article 703

DEMAND deposits, interest on, S. 1405, statement 326Depository institutions

Credit extended by 167Disclosure statements 337, 338Payment services from Federal Reserve 193Transactions, proposed action 668

Derivatives activities 38, 398, 636-9Directory: Community Development Investments 670Discount rate 1057Durkin, Thomas A., article 241Dutch government securities 1058

ECONOMIC developmentsBusiness sector 161, 591Financial 168, 597Foreign exchange 164, 170Government sector 162, 593Household sector 159, 589Labor markets 165, 595

Economy, U.S.Monetary policy, statements 155-73, 262-7,

585-603, 735-8Outlook, statements 183, 330-32, 632-6Performance, monetary policy reports 159, 586

Electronic Fund Transfers (Reg. E) 337, 939, 947Electronic payment services (See also

Regulations: E) 37, 628-32Elliehausen, Gregory, staff study summary 252Employment 165English, William B., article 604Enhancing Bank Transparency, Basle

Committee paper 940Equal Credit Opportunity (Reg. B) 95, 107, 338,

343-50, 454Equity prices 170Euro bank notes, statement 1054-6European Economic and Monetary Union (EMU) 811Examination cycles for financial institutions 337, 341, 822

PagesExchange rates

Articles 174-9,420-5,716-21, 1038^3

Indexes 170, 811-18Expenses, 1994 401-3Exports 164, 312Extensions of Credit by Federal Reserve Banks

(Reg. A) 1069External sector, economic developments 594

FARMS, loans to 1-21Federal expenditures 162Federal Financial Institutions Examination Council 3Federal funds rate 517, 525Federal Open Market Committee

1999 meeting schedule 939Meeting minutes

1992 transcripts, available 338Sept. 30, 1997 40-5Nov. 12, 1997 100-6Dec. 16, 1997 273-8Feb. 3-4, 1998 457-68Mar. 25, 1998 541-6May 19, 1998 750-6June 30-July 1, 1998 824-31Aug. 18, 1998 1062-8

Monetary policy stance 939Open market operations 517-32

Federal Reserve BanksChairs and deputy chairs, appointed 36, 95, 1057Directors, list 377-89Financial statements 575—84Holiday schedule, 1999 194Income and expenses 194Statements

Change in capital 578Condition 576Income 577

Federal Reserve note and Euro bank note, statement 1054-6Federal Reserve Regulatory Service, CD-ROM available 539Federal Reserve System (See also Board of Governors)

Anti-money-laundering efforts, statement 639—43Fees for services 37Interest payments on demand deposits 726Payment services to depository institutions 193Year 2000 readiness 25-31

Fedwire funds transfer system 25, 668Fees for Federal Reserve services to depository

institutions 37Ferguson, Governor Roger W., Jr.

Appointed chairman, Year 2000 Council 746Electronic payments services, statement 628-32

Finance, global, statements 30-2, 186-90,325, 536

Financial institutions, examination cycle 337, 341, 822Financial Regulatory Relief and Economic

Efficiency Act of 1997, S. 1405, statements .... 326-30, 332-6Financial Services Act of 1998, H.R. 10, statement 647-59Financial statements, Federal Reserve Banks 575-84Fisher, Peter R., articles 174, 420, 517, 716, 1038Foreign exchange

Dollar values 811-18Reserves 424Treasury and Federal Reserve operations 174-9, 420-5,

716-21, 1038-43Foreign stocks, lists of marginable 194, 221-7, 455,

469-74, 748, 791-7,1060, 1069-72

Foreign transactions in 1997, article 309-21Fox, Lynn S., appointed Assistant to the Board,

Office of Board Members 455Framework for Internal Control Systems of

Banking Organisations, Basle Committee paper 940Framework for the Evaluation of Internal

Control Systems, Basle Committee paper 268Frierson, Robert de V., appointed Associate

Secretary of the Board, Office of the Secretary 455Frost, David S., Staff Director for Management,

appointed Director, Management Division 39

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December 1998

Index to Volume 84 A85

PagesGARWOOD, Griffith L., Director, Division

of Consumer Affairs, retirement 456Global financial system, statements 30-2, 186-90, 325,

536, 926-9, 936-8Global Year 2000 Round Table 660Government 162, 163, 593Gramlich, Governor Edward M., statements

Consumer price index 451-3Social security reform 627, 925Truth in Lending Act and RESPA, reform 730-35

Greenspan, Chairman Alan, statementsAsia financial crisis 257-62Bank mergers 643-7Death of William McChesney Martin 746Edwin M. Truman nomination, statement 941Financial Services Act of 1998, H.R. 10. statement 647-59Global financial system 30-2, 186-90, 325,

536, 926-9, 936-8Long-Term Capital Management hedge fund 1046-50Medicare program 429-33Monetary policy 735-42Old-Age, Survivors and Disability Insurance

benefits program (OASDI) 32-5Over-the-counter derivatives 742U.S. economy and monetary policy 183, 262-7,

330-2, 632-6Group of Ten (G-10) governors 28

H.R. 10 444, 449, 647-59Hannan, Maureen, appointed Assistant Director,

Division of Information ResourcesManagement 749

Hedge fund 1046, 1050Herfindahl-Hirschman index (HHI) 704, 712, 713Hilton, Spence, article 517Home equity lending, article 241-51Home Mortgage Disclosure (Reg. C) .... I l l , 268, 338, 939, 943-7Home sales 160Hooper, Peter, appointed Deputy Director,

Division of International Finance 941Horowitz, Fred 39, 456Household finances 159, 160, 589, 590Housing and Urban Development, Department of 730Humphrey-Hawkins reports (Monetary policy

reports to the Congress) 155-73, 585-603Hurt, Adrienne D., promoted to Assistant Director,

Division of Consumer Affairs 456

IMPORTS 313Income, commercial banks 315, 401, 402Income statement, Federal Reserve Banks 575Index of foreign exchange value 811-18Individual Accounts Plan (IA) 627, 925Industrial production and capacity utilization

Annual data revision and 1997 developments 77-91Releases , 22-5, 92-5, 180-2, 254-6,

322-4, 426-8, 533-5, 616-8,722^4, 819-21, 922^1, 1043-5

Tables 86-91Information security 96Information systems readiness, 1999-2000 1058Interest 169, 401, 600, 726Interim rule, risk-based capital guidelines 96Internal credit risk models, report 538International

Banking operations 97, 406, 659-67Developments, monetary policy 164, 174, 601Transactions, 1997, article 309-21

International Banking Act of 1978, orders issued underBank of Cyprus, Ltd., Nicosia, Cyprus 67Bank of Scotland, Edinburgh, Scotland 230Caha de Ahorros de Valencia Castellon

y Alicante, Bancaja, Valencia, Spain 231Chinatrust Commercial Bank, Ltd., Taipei, Taiwan 1121—23Erste Bank derosterreichischen Sparkassen

Aktiengesellschaft, Vienna, Austria 1123Hong Kong Special Administrative Region,

People's Republic of China 886HSBC Equator Bank, pic, London, England 564

PagesInterstate branching 338Investments 160, 316, 591Issue and Cancellation of Bank Capital Stock (Reg. I) 788-90

JEWELL, Andrew, article 174Johnson, Jennifer J., appointed Secretary of the Board,

Office of the Secretary 455Johnson, Karen H., appointed Director, Division

of International Finance 941Joint Year 2000 Council 659, 661Justice, U.S. Department of 625, 704, 706. 712, 713

KELLEY, Edward W., Jr.. Federal Reserveand Year 2000, statements 25, 433-8, 929-35

Keys to Vehicle Leasing, brochure 98Know Your Customer policy 641

LABOR market, US 165, 595Leahy, Michael P., article 811Letters of credit, commercial banks 398Leverage Capital Standards 673, 833-^-4Litigation

Final enforcement decisions issued by Board of GovernorsBank of America, N.T. & S.A 1022-4Bank of the Desert 807-9Espiritu, Elena 1022Locci, Massimiliano 152Salmon, Richard 807-9

Final enforcement orders issued by Board of GovernorsAl-Fulaij, Faisal Saud 700Altman, Robert A 306Banca Serfin, S.A., Mexico 539, 573Banco Industrial de Venezuela,

Caracas. Venezuela 539, 573Banco Internacional, S.A., Bital, Mexico 539, 573Banco Nacional de Mexico,

Banamex, Mexico 539, 573Banco Santander, Spain 539, 573Bancomer, S.A., Mexico 539, 573Bechstein, Jerome C 1132Brigham, Lois A 1132Carrizo, Luis 76Clifford. Clark M 306Colbourn, Patti 154Colley.JohnE 306Dill, Eric C 76Habib Bank AG Zurich, Zurich, Switzerland, 376Koury, Stephen R 306Lindahl, Michael A 306Muniz, Jose E. Romero 76OmniBank 376PanAmerican Bank 376Putnam-Green Financial Corporation 76Towne Bank 307Wachs, Michael 307

Index of orders and actions taken 69, 297-9, 566, 887-9Pending cases involving the Board of

Governors, lists of 75, 151, 239, 305,375, 460, 514, 572,

699, 806, 894, 1021, 1131Termination of enforcement actions

Bank of Versailles 376Millennium Bank 376Security State Bank of Pecos 376

Written agreement approved by Federal ReserveBanks, ShoreBank, Cleveland 1024

Livingston, George E 39, 456Loan and lease losses, commercial banks 404Loan Application Register 268Loan-to-deposit ratios 822Loans

Commercial and industrial 392Home equity, article 241 -51Household 394Mortgage, disclosure requirements 268Small business and small farm 1-21

Loney, Glenn E., promoted to Deputy Director,Division of Consumer Affairs 456

Long-Term Capital Management hedge fund, statement ... 1046-54

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A86 Federal Reserve Bulletin December 1998

Luckett, Charles A., articlePages

. 241

MANN, Catherine L., Assistant Director, Divisionof International Finance, resignation 39

Marginable stockForeign and over-the-counter 469—74, 791-6,

1060-5, 1069-74Regulation, amendment to merge

Regs. GandU 96, 197-221, 338-62Martin, William McChesney, Chairman

Greenspan's statement 746McDonough, William J., President, Federal

Reserve Bank of New York, Long-TermCapital Management, statement 1050-4

Medicare program, statement 429-33Members, Board of Governors, lists 701Membership of State Banking Institutions

in the Federal Reserve System (Reg. H) 746, 757, 833-44Meyer, Governor Laurence H., statements

Antitrust issues, related to mergers and acquisitions 619-27Bank mergers 438-51Regulatory relief bill 725-9S. 1405 326-30, 332-6

Minimum Security Devices and Proceduresfor Federal Reserve Banks andState Member Banks (Reg. P) 746, 791

Mining equipment, output of 82Monetary aggregates 598Monetary policy

Economic projections 155. 156External sector 594Price developments 166, 596Reports to the Congress 155-73, 585-603Statements 262-7, 735^2

Money laundering, statement 639^13Money stock data, revision 269—72Moody's bond rating scale 900Mortgage loans 268, 396, 747Moynihan, Senator Daniel P. 627, 925

NATIONAL bank charter 653National Commission on Retirement Policy 627, 925NationsBank Corporation 669, 748, 858-84Nelson, William R., article 604Netherlands debt market 98Netting systems 38New information on lending to small businesses

and small farms: The 1996 CRA data, article 1-21Norwest Corporation 823

OFF bank premises, operation standards 350Official staff commentaries, open-end credit plans 337Oil importation 313Old-Age, Survivors, and Disability Insurance

benefits program (OASDI), statement 32—5Oliner, Stephen D., appointed Assistant Director,

Division of Research and Statistics 99Open market operations, 1997, article 517-32Operation Casablanca 639, 642Operational Risk Management. Basle Committee

paper 940Orders and actions by Board of Governors 69, 297-9, 566Osborne, Daniel, articles 420, 716Over-the-counter margin stocks

Derivatives 636-9, 742Lists of marginable 194, 221-7, 455, 469-74,

748,791-7, 1060, 1069-72Lists of marginable, discontinuation 96

PATRIKIS, Ernest T, First Vice President,Federal Reserve Bank of New York,Year 2000 and computer systems, statement 659-67

Pauley, Darrell R., promoted to Assistant Director,Management Division 39

Payments services from Federal Reserve 193Philadelphia National Bank 705, 706Phillips, Governor Susan M.

Circuit breakers for equity-related markets, statement 184Resignation 454

Pilloff, Steven J., article 1025

PagesPoint-in-time grading 899Policy statements, internal audits, sound practices for 97Prager, Robin A., article 1025Prices 166, 596Primary dealers 1058Profits and balance sheet developments at U.S.

commercial banks in 1997, article 391^119Promisel, Larry, Senior Associate Director,

Division of International Finance, retirement 456Proposed actions

Consumer Leasing (Reg. M) 338Equal Credit Opportunity (Reg. B) 338Fedwire funds transfer 668Home Mortgage Disclosure (Reg. C) 268, 338Insured depository institutions 668International Banking Operations (Reg. K) 97Management interlocks 823Private small-dollar clearing and settlement systems 38Privately operated large-dollar multilateral

netting systems 38Privately operated multilateral settlement systems 38Reserve requirements 38Risk-based capital standards 38Rules Regarding Delegation of Authority 97Same-day settlement rule 338Truth in Lending (Reg. Z) 97, 268, 338Truth in Savings (Reg. DD) 338

Publications (See also Videotapes)Annual Report, 84th, 1997 455Annual Report, Budget Review, 1998-99 455Bank Holding Company Supervision Manual 98, 339, 670Directory: Community Development Investments 670Federal Reserve Regulatory Service, CD-ROM 539Keys to Vehicle Leasing 98Trading and Capital-Markets Activities Manual, 1998 339Ways to Simplify Consumer Disclosures in

Home-Secured Loans, joint report 746

RADDOCK, Richard, article 77Real Estate Settlement Procedures Act (RESPA) 268, 730, 746Regulations (Board of Governors, See also Rules)

A, Extensions of Credit by Federal ReserveBanks; Change in Discount Rate 1069

B, Equal Credit Opportunity 95, 107, 338,343-50, 454

C, Home Mortgage Disclosure I l l , 268, 338,939, 943-7

D, Reserve Requirements of DepositoryInstitutions 37, 47, 337, 350

E, Electronic Fund Transfers 337, 939, 947G, Securities Credit by Persons Other Than

Banks, Brokers, or Dealers 96, 197-221H, Membership of State Banking Institutions

in the Federal Reserve System 746, 757-88, 833-44I, Issue and Cancellation of Federal Reserve

Bank Capital Stock 788-90M, Consumer Leasing 338, 940, 948P. Minimum Security Devices and Procedures

for Federal Reserve Banks andState Member Banks 746, 791

T, Credit by Brokers and Dealers 96, 197-221, 338-62, 469,791-3, 1060, 1069-72

U, Credit by Banks for Purchasing orCarrying Margin Stocks 96. 197-221. 338-62

X, Borrowers of Securities Credit 96, 197-221, 338-62,469, 791-7, 1060, 1069-72

Y, Bank Holding Companies and Changein Bank Control 337, 350, 673, 833^4

Z, Truth in Lending 37, 47, 96, 97, 337, 338DD, Truth in Savings 338, 746, 797,

940, 949-55Regulatory burden 326-30, 332-6Reidhill, Marsha, appointed Assistant Director,

Division of Reserve Bank Operations andPayment Systems 340

Reinhart, Vincent R., promoted to Deputy AssociateDirector, Division of Monetary Affairs 749

Reserve requirements 37, 47, 326—30Reserve Requirements of Depository Institutions

(Reg. D) 37,47, 337, 350

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Index to Volume 84 A87

PagesReserves, patterns in and management

strategies for 519. 523, 524Residential assets and investments 160RESPA (See Real Estate Settlement Procedures Act)Risk-based capital 38, 96, 668. 822Rules, home mortgage disclosure I l lRules Regarding Availability of Information 52, 105Rules Regarding Delegation of Authority 97

S. 1405, statements 326-30, 332-6Same-day settlement rule 338Saving rate 159Section 20 subsidiaries 337, 350Securities holdings 396, 529, 530Self-testing privilege 95, 107Semiconductors, production of 79Settlement systems 38Shack-Marquez, Janice, appointed Assistant Director,

Division of Research and Statistics 99Shannon, David L 39, 456Siegman, Charles J., Senior Adviser, Division of

International Finance, retirement 456Small businesses, loans to 707Smith, Dolores S., appointed Director, Division of

Consumer and Community Affairs 456Snyder, Barry R., appointed Inspector General,

Office of the Inspector General 540Social security reform, statement 627, 925SOMA (System Open Market Account) ... 519, 521, 530, 531, 532Sound Practices for Loan Accounting, Credit

Risk Disclosure and Related Matters,Basle Committee paper 1059

Staff Study summary, Cost of bank regulation:A review of the evidence 252

Standard & Poor's bond rating scale 900State and local governments, expenditures 163Statements to the Congress (including reports and letters)

Anti-money-laundering efforts (Herbert H. Biern) 639^3Antitrust issues related to mergers and

acquisitions (Governor Meyer) 619-27Asia financial crisis (Chairman Greenspan) 257-62Bank mergers (Governor Meyer) 438-51Circuit breakers for equity-related markets

(Governor Phillips) 184Commodity Exchange Act and derivatives

transactions (Board of Governors of theFederal Reserve System) 636-9

Consumer price index (Governor Gramlich) 451-3Developments in world finance (Chairman Greenspan) 30-2Electronic payment services (Governor Ferguson) 628-32Federal Reserve and Year 2000

(Governor Kelley) 25-31, 433-8, 929-35Federal Reserve note and Euro bank note

(Theodore E. Allison) 1054-6Financial Services Act of 1998, H.R. 10

(Chairman Greenspan) 647-59Global financial system (Chairman Greenspan) 186-90, 325,

536, 926-9, 936-8Home mortgage loans, streamlining disclosure

requirements (Governor Meyer) 725-7Long-Term Capital Management, hedge fund

Chairman Greenspan 1046—50William J. McDonough 1050-54

Medicare program (Chairman Greenspan) 429—33Over-the-counter derivatives (Chairman Greenspan) 742S. 1405 (Governor Meyer) 326-30, 332-6Social security reform (Governor Gramlich) 627, 925Social Security's Federal Old-Age. Survivors,

and Disability Insurance benefits program(Chairman Greenspan) 32-5

Truth in Lending Act and RESPA, reform(Governor Gramlich) 730-5

U.S. economy and monetary policy(Chairman Greenspan) 183, 262-7, 330-2,

632-6, 643-7, 735^2Year 2000 (Y2K), computer systems, and

international finance (Ernest T. Patrikis) 659-67Stekler, Lois E., article 309Stevens, Richard C, promoted to Deputy Director,

Division of Information Resources Management 748

PagesStock prices 601Survey of Terms of Business Lending 604-15Survey of U.S. Ownership of Foreign Long-Term

Securities, Treasury Department 318Surveys of Consumers 250System Open Market Account holdings .... 519, 521, 530, 531, 532

TECHNICAL Committee of the InternationalOrganisation of Securities Commissions (IOSCO) 38

Terms of Business Lending, Survey of, article 604—15Thompson, Portia W., EEO Programs Adviser,

Office of Board Members, retirement 39Thrift Institutions Advisory Council, new members 95Thrift institutions, C&l lending 1025-37Through-the-cycle grading 899Tier 1 leverage capital standard 538, 673, 833—4-1Tier 2 leverage capital standard 841-4Tinsley, Peter A., Deputy Associate Director, Division

of Research and Statistics, retirement 1061To Their Credit: Women-Owned Businesses, videotape 1060Towne Bancorp, Inc., enforcement action 1060Towne Bank, enforcement action 1060Trade deficit, US 311Trading activities, report 38Trading and Capital-Markets Activities Manual, 1998 339Transportation equipment, production of 80Travelers Corp., public meeting scheduled 669Treacy, William F., article 897Treasury and Federal Reserve foreign exchange

operations, articles 174-9, 420-25,716-21, 1038-43

Treasury. U.S. Department of the, Benchmark Surveyof U.S. Ownership of Foreign Long-Term Securities 318

Truman, Edwin M.Appointed Senior Adviser, Division of

International Finance 941Nomination to Assistant Secretary for International

Affairs, U.S. Treasury, Chairman Greenspan'sstatement 941

Truth in Lending (Reg. Z)Amendment 37, 47, 96Official staff commentary 337Proposed actions 97, 338Reform 730-5,746

Truth in Lending Act 268Truth in Savings (Reg. DD) 338, 746. 797, 940, 949-55Tulpan, Ted, article 517

U.S. current account balance 309U.S. economy and monetary policy, statements 183, 262-7U.S. international transactions in 1997, article 309-21U.S. trade deficit 311

VARIABLE-rate loans, disclosure regulation 96Videotape, To Their Credit: Women-Owned Businesses 1060

WAGES and compensation 165Ways to Simplify Consumer Disclosures in

Home-Secured Loans, joint report 746Weighting scheme for indexes 815Weis, John R., appointed Adviser to the Staff Director for

Management 39Wells Fargo & Company 823Whitesell, William C., appointed Assistant Director,

Division of Monetary Affairs 749Wiles, William W., Secretary of the Board. Office

of the Secretary, retirement 455World finance, statement 30-2World Wide Web site, Board's new address 748

YEAR 2000Council, Governor Ferguson appointed chairman 746Federal Reserve readiness, statements 25-31, 433-8,

659-67, 929-35Information systems readiness 1058Public awareness program 29

Young, Florence M., Assistant Director, Division ofReserve Bank Operations and Payment Systems,retirement 340

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December 1998