Hr 3703 the Housing Finance Regulatory Improvement Act Hearings Before the
Hr 3703 the Housing Finance Regulatory Improvement Act Hearings Before the
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I am the Second Vice Chair of America's Community Bankers, and I currently serve as Chair of the Council of Federal Home Loan Banks. I am here today on behalf of the Council.
I am here to tell you that partnership with the Federal Home Loan Bank of Des Moines is very important to our bank's success. Moreover, our success is important to the twenty communities, small and large, that we serve in South Dakota.
Mr. Chairman, and Congressman Kanjorski, I would like to take this opportunity to thank ...you both for the extraordinary efforts you put forth to enact legislation to modernize the Federal Home Loan Bank system. Without your leadership and efforts, the Federal 85 Home Loan Bank System Modernization Act of 1999 would not have come to fruition. This is an important Act.
First, the legislation decentralized management of the Federal Home Loan Banks, local governsince decisions are most effective if made at the local level; Second, leveling the playing field of membership status was an important and appreciated change; Third, the addition of small business and farm loans as eligible collateral for smaller community financial institutions provides needed access to more funding; and Finally, thanks to this legislation, the capital structure of the Federal Home Loan Bank system is being revised for the first time in sixty-eight years.
What to read after Hr 3703 the Housing Finance Regulatory Improvement Act Hearings Before the?
You can find similar books in the "Read Also" column, or choose other free books by Securities United States Congress House Committee On Banki to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
I am the Second Vice Chair of America's Community Bankers, and I currently serve as Chair of the Council of Federal Home Loan Banks. I am here today on behalf of the Council.
I am here to tell you that partnership with the Federal Home Loan Bank of Des Moines is very important to our bank's success. Moreover, our success is important to the twenty communities, small and large, that we serve in South Dakota.
Mr. Chairman, and Congressman Kanjorski, I would like to take this opportunity to thank ...you both for the extraordinary efforts you put forth to enact legislation to modernize the Federal Home Loan Bank system. Without your leadership and efforts, the Federal 85 Home Loan Bank System Modernization Act of 1999 would not have come to fruition. This is an important Act.
First, the legislation decentralized management of the Federal Home Loan Banks, local governsince decisions are most effective if made at the local level; Second, leveling the playing field of membership status was an important and appreciated change; Third, the addition of small business and farm loans as eligible collateral for smaller community financial institutions provides needed access to more funding; and Finally, thanks to this legislation, the capital structure of the Federal Home Loan Bank system is being revised for the first time in sixty-eight years.
What to read after Hr 3703 the Housing Finance Regulatory Improvement Act Hearings Before the?
You can find similar books in the "Read Also" column, or choose other free books by Securities United States Congress House Committee On Banki to read onlineMoreLess
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