TITLE

Making the Long-Term Case

AUTHOR(S)
Rucker, Patrick
PUB. DATE
March 2006
SOURCE
American Banker;3/15/2006, Vol. 171 Issue 50, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the head of the Federal Housing Finance Board, Ronald Rosenfeld, defended his agency's plan to significantly raise retained earnings at Federal Home Loan banks, saying it was in the long-term interest of member banks and thrifts. Rosenfeld admitted that under the new proposal, which would require the home loan banks to cut dividends in half until they boost their retained earnings, community banks could experience a short-term loss in dividend income.
ACCESSION #
20069859

 

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