OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Family Farmers, Family Ranchers, Small Businesses

Issue Position

Date: Jan. 1, 2011

These industry segments need more and easier access to capital to grow and add jobs.

Establish criteria for all banks within the federal reserve system to approve loans (and not deny loans to qualified applicants.)

Establish criteria for prescribed loan-mix based on state industry and capital needs with negotiated return on investment probabilities.

Federal Reserve banks failing to do this will have higher Federal Funds and Discount Rates charged to them; making their ability to meet asset reserves more expensive.


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