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Bank insurance revenue rose 22% in 2004.(Short Interests)

Byline: Gary S. Mogel

NEW YORK - Insurance revenue reported to the Federal Reserve by U.S. bank holding companies grew 22% higher than 2003's total revenue, according to an analysis released this month by the American Bankers Insurance Association.

This revenue grew by $7.3 billion last year, to $40.8 billion.

"The new record numbers in the ABIA's analysis confirms that banks are major and growing players in the insurance business,'' said Valerie Barton, associate director of the ABIA in Washington. "The bank insurance industry is continuing to t

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