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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: zuma_rk who wrote (7643)	7/2/1999 2:19:00 PM
From: TLindt	Read Replies (1) \| Respond to of 20297

You need a PDF reader for this one...but it's an interesting read. It's the May issue of the New York Feds' Current Issues in Economics and Finance....titled the Future of Financial Intermediation and Regulation: An Overview ny.frb.org I like the authors long term view, the long-term trend certainly is toward financial supermarkets. Both advances in technology and the growing sophistication of investors argue for the demise of traditional banks. Indeed, firms such as Charles Schwab are already building financial supermarkets. But there could be large entities, such as Citigroup, that combine all aspects of commercial banking, investment banking, brokerage, and insurance and before that.... Financial intermediaries of the future will, I believe, provide a host of services that are essential to the functioning of a modern economy. One such service is access to the payments system. This service may be thought of as trade execution. Although Internet companies may eventually become the payments system providers of the future, we will still need institutions to execute the transfer of assets between individuals Their January Issue was on EBPP....and yes CheckFree was in it along with dunderhead. ny.frb.org