As collateralized loan obligations continue to gain prominence, Chase Manhattan Bank, lead division of Chase Manhattan Corp., recently did a $1 billion securitization of bank loans through its Chase Loan Obligations USA Trust 2000-1 (Clout), and is looking to do similar deals in the future.

"They are always looking for ways to capitalize the business more efficiently and to gain economic capital relief," said a source familiar with the transaction. "There are no hard and fast plans yet, but they are always looking for opportunities. That means they would definitely consider another deal," added the source.

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