1.   Both UAP and Assurances Generales de France, another insurer, own banking units that sustained losses on loans to real-estate developers.

2.   In November, Treasury Undersecretary John D. Hawke Jr. said the Clinton administration was developing a proposal that would make it easier for non-banks to own banking institutions.

3.   It also is in favor of allowing banks to own banking subsidiaries.

4.   They own a lot of property and both UAP and Assurances Generales de France own banking units that sustained losses on credits to real estate developers.