Up and down the Hill

Darcy L Myers

American Bankers Association, 1995, vol. 08, issue 3

Abstract: Excerpts are presented from testimony by the Chairperson of the American Bankers Association's (ABA) Agricultural Bankers Executive Committee on behalf of the ABA to the Committee on Agriculture, Nutrition and Forestry of the US Senate on March 31, 1995. The ABA believes that several technical changes to the Farmer Mac structure would correct the problems that have stymied its development and would, thereby, enable commercial banks to participate without undermining the safety and soundness of the secondary market. The 3 major changes include: 1. Authorize Farmer Mac to act as its own pooler. 2. Eliminate the mandatory 10% loan subordination. 3. Extend the capital transition period for 3 years.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1995
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