Hutton said it reported a bank repayment earlier.

The firm said that a 1981 agreement to reimburse Chemical Bank for about $440,000 in lost interest was disclosed to federal investigators. “It is not new information,” the firm said in response to a Wall Street Journal article about the agreement. The Journal said the restitution agreement with Chemical came several months before E. F. Hutton & Co. officials acknowledged becoming aware of illegal overdrafting. The Hutton response said the article failed to point out that “Hutton had 30 accounts with Chemical Bank when Chemical pointed out that one of these accounts was unprofitable and that the reason was because Chemical had not previously provided Hutton with complete account analysis.”