TITLE

Approved: Controversial rules expanding powers of home loan banks

AUTHOR(S)
Anason, Dean
PUB. DATE
October 1998
SOURCE
American Banker;10/29/1998, Vol. 163 Issue 208, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the US Federal Housing Finance Board has approved two rules that is expected to spur more lending for local economic development. Regulation of the issuance of standby letters of credit to banks and thrifts; Creation of programs to promote investments in rural and urban communities that would benefit low- and middle-income families; Reaction from the banking community.
ACCESSION #
1252138

 

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