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Reports on developments in the securitization market of New York City as of February 8, 1999, including a plan for a multimillion tax bond transaction and a resecuritization of residuals on liens from a 1996 trust.

The article reports on the move of financial services provider Washington Mutual to focus in diversification of its other retail banking business lines in New York. The move to shift from mortgage business to retail banking business is due to the company's bonds which is priced at risk. However, the company has taken efforts to reduce the risk of its mortgage business.

Reports on the offering of the Kazakhstan's seven-year bond to several institutional investors in New York City. Terms of the contract; Number of capitalists interested for the deal; Level of demand.

Discloses the search for a New York City broker to bring Canadian pension fund manager, Caisse de Depot et Placement du Quebec's collateralized bond obligation to market, using Quebec provincial bonds as collateral. Firms under consideration; Other companies offering collateralized bonds in the market in March 1999.

The article reports on the corporate expansion of Bank of New York Co. Inc., recognized as the top trustee for the third quarter 2005 in international bond issuance. The bank opted to swap its retail banking business for JPMorgan Chase & Co. to double its influence. This combination is said to create the largest corporate trust by market share, overseeing debt issues representing an approximate amount of eight trillion dollars.