BANKING & FINANCE - May 24, 1995

Citibank Drops Fees for Electronic Banking: The nation’s largest bank is eliminating the automated teller fees it charges customers with low balances and is waiving its fees for home banking services. The new policy is meant to entice customers to use ATMs and electronic services for getting cash and paying bills, which is less expensive for banks than handling customers at teller windows. It could also help attract more customers to Citibank, which has seen its share of the New York metropolitan banking business slip in recent years.