TEXT OF SECOND AFFIXED TERM OF REFERENCE TO PAGE 1. OF FEBRUARY 5, 1988 STATEMENT TO THEN-NEW YORK STOCK EXCHANGE C.E.O. JOHN J. PHELAN, JR.:

Bad year forecast

Washington Post


WASHINGTON-The banking industry faces another year of turmoil, with economic depression in the oil patch, uncertainty about the U.S. economy, major losses on the $500 billion US in loans to lesser developed countries and the slim chance that Congress will act to let banks compete fully in the securities arena, analysts say.


(text of January 23, 1988 Vancouver Sun article)


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