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D2 TUESDA Y, AUGUST 5, 1997

News and Insighton Business inthe Golden State

Spotlight: F e d B a n k C h i e f C o n IRobert Parry, head of the Federal ReserveBank of San Francisco, has been surprisedand even "humbled" by the continuedstrength of the nation's economy, he toldthe American Bar Assn. convention in SanFrancisco on Monday. "We've had growth

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Oracle to Buy Banking Software Firm.' 'Technology: Purchaseo fTreasury Services willhelp database manage-ment giant compete withIBM and Unisys.

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By GREG M ILLERTIMES STAFF WRITER

S'AN FRANCISCO-Software

pb"werhouse Oracle Corp. turned toa:"'~mall Santa Monica companyMonday for help in cracking the

v.il.I't financial services industry,agr~eing to acquire Treasury Serv-ices Corp. for about $120 million in

.cash.

Oracle executives said the deal isdesigned to help the RedwoodShores-based company wrestbi.r.liness away from IBM, Unisys

and other companies that havetf