http://www.americanbanker.com/cgi-bin/read_freestory?990127WASH002

WASHINGTON
Wednesday, January 27, 1999

            FDIC Chief, ABA Lining Up Against
            'Know-Your-Customer'

             By Scott Barancik

             WASHINGTON -

             Citing customer privacy concerns and
             potential burdens on small banks,
             Federal Deposit Insurance Corp.
             Chairman Donna A. Tanoue wants the proposed
             know-your-customer regulations to be scaled back.

             "It's evident to me personally that we are going to have to do
             something different than what was proposed," Ms. Tanoue
             said in an interview.

             Meanwhile, the American Bankers Association plans to ask
             regulators to kill the controversial know-your-customer plan
             outright.
             [...]



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