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  • Comment Detail

  • Date: 09/30/14
    First Name: Michele
    Last Name: Thompson
    Organization: LaPorte Savings Bank
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA39

  • Comment

    I would like to request that the comment period on the Notice of Proposed Rulemaking RIN 2590-AA39 be extended to 120 days versus the current 60 day period. This proposal may potentially reduce the availability of liquidity for housing and economic development and would impact the FHLB System to fulfill its mission. This will then have equally devastating consequences for community banks that currently rely on their FHLB memberships for liquidity purposes, and these consequences more than likely will result in tighter liquidity for borrowers which will hurt the fragile economic recovery. Our bank feels it needs the extension in the comment period to adequately study this proposal and contact our US Senators and Congressman. Thank you for your consideration of this request.