Preserving a System of Locally Based Depository Institutions

Resolved that NAHB urge Congress to preserve a system of locally-based insured depository institutions to meet consumer (including mortgage) and small business (including housing production and community development) financing needs,

Further resolved that NAHB urge Congress to maintain a unit with housing finance expertise and data collection responsibilities within any streamlined bank regulatory structure,

Further resolved that NAHB urge Congress to revise the Federal Home Loan Bank System’s eligibility requirements for System membership and borrowing to improve the System’s capacity to provide liquidity support for smaller, locally-based member institutions, and

Further resolved that NAHB oppose legislation on the expansion of non-traditional bank powers unless such legislation provides for the preservation of a system of locally based depository institutions.

Resolution originally adopted: 1997.1, Resolution No. 12

Committee with primary jurisdiction:

• Housing Finance Committee