Agricultural Credit Equity Act of 1993 Hearing Before the Subcommittee On Envi
Agricultural Credit Equity Act of 1993 Hearing Before the Subcommittee On Envi
Credit United States Congress House Committee On Agric
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Mrs. Clayton. So we still had a surplus after the repooling of the operating funds? Mr. Nash. Yes. Mrs. Clayton. Where did those funds go back to, to the general fund? Mr. Nash. They just lapse. They don't carry over to the next fis- cal year. Mrs. Clayton. Thank you. Mr. English. Thank you very much, Mr. Nash. We appreciate your testimony. Next we will have a panel, Mr. Blaine Lauhon, who is with the Feather River State Bank in Yuba City, California; Mr. James 36 Chambers, who is with the Inde...pendent Bankers Association of America, chairman of the Agriculture and Rural America Commit- tee; Mr. Ken Graff, who is president — who will be testifying on be- half of the Western District Farm Credit Council; and Mike Wea- sel, who is testifying on behalf of the American Bankers Associa- tion. If all you folks would come to the table. Mr. Lauhon, we will let you begin the testimony. Let me also say again, we would encourage you to summarize your testimony. We will be happy to include your complete written testimony as a part of our overall record, but this would be a good time for you to sum- marize.
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