Practices to be corrected in the banking industry are as follows:

1. Bank policies relating to information disclosure of matured time deposits.

The failure for banks to notify depositors of policies relating to matured time deposits or of time deposits reaching maturity have caused depositors unnecessary losses. The Fair Trade Commission, after inviting relevant government agencies for consulations and made a decision at the 168th Commissioners* Meeting that in order to maintain transparency of business transactions, banks are required to clearly specify in contracts or similar written documents of handling terms and conditions of unclaimed matured time deposits. This information will assist the depositor in making the relevant choices for handling the matured funds. Banks are required to implement this revision before March 1, 1995. Failure to comply is punishable with violation of Article 24 of the Fair Trade Act.

2. The disclosure of bank*s minimum credit requirement for checking accounts.

The failure for banks to disclose minimum credit requirements for checking accounts is prevalent in the industry. The Fair Trade Commission invited relevant government agencies and organizations for consulatations. A decision was made at the 178th Commissioners* Meeting that in cases where banks require checking account depositors to a maintain minimum balance in the account, the following revisions are to be added to bank contracts and are to be implemented by March 1, 1995. Failure to comply is punishable with violation of Article 24 of the Fair Trade Act.

1. Required minimum balance, notification for any adjustments and the relevant effective dates.
   
2. The consequences of not meeting the minimum balance requirement such as fees for failure of maintaining minimum balance or the suspension of writing checks.