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RTRIK03 
October 21, 1998 
Federal Reserve Bank of New York President William McDonough (L) and Australian Treasurer Peter Costello... 
Australia 
WILLIAM MCDONOUGH AND PETER COSTELLO AT BANKING SUPERVISORS CONFERENCE IN SYDNEY. 
Federal Reserve Bank of New York President William McDonough (L) and Australian Treasurer Peter Costello listen to opening addresses at the 10th International Conference of Banking Supervisors in Sydney October 21. McDonough said there was no credit crunch occurring yet but warned supervisors that an increasing risk aversion amongst lenders could lead to one.

MDB/JJ 
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