Joint statement from agencies urges prudent lending

December 2008
North Western Financial Review;12/1/2008, Vol. 193 Issue 23, p3
Trade Publication
The article reports on the joint statement released by the Federal Government, Federal Deposit Insurance Corp. (FDIC) and the Department of the Treasury in the U.S. in November 2008. The agencies released a joint statement restating that they anticipate all banking organizations to accomplish their fundamental role in the economy as intermediaries of credit. The statement went on to aver that the economy will probably become increasingly reliant on banking organizations to offer credit.


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