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Contact:
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Robert Schmermund
(202) 857-3104
Jim Eberle
(202) 857-3145
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Jim Eberle
(202) 857-3145 (work)
(703) 893-2593 (home)
[email protected]
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For Immediate Release
January 3, 2001
#01-01 |
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E-mail:
[email protected] |
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ACB COMMENDS FEDERAL RESERVE BOARD ON RATE CUTS
Statement by Diane M. Casey, president, America’s Community Bankers, on the cuts in the federal funds rate and the discount rate by the Federal Reserve Board today:
America’s Community Bankers commends the Board’s decision to move expeditiously to lower interest rates today. This action will have a positive impact on the economy, the banking industry and, most importantly, the American consumer. The rate cuts will particularly benefit American families attempting to realize their dream of homeownership by making long-term credit more affordable. The Board’s action will also help community banks cope with tightening credit markets so that they can continue to meet the financial needs of their customers and communities.
America’s Community Bankers is the national trade association committed to shaping the future of
banking by being the innovative industry leader strengthening the competitive position of
community banks. To learn more about ACB, visit
www.AmericasCommunityBankers.com.
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America’s Community Bankers
900 Nineteenth Street, NW, Suite 400,Washington, D.C. 20006
phone 202-857-3100 | fax 202-296-8716 | [email protected]
Copyright 1996-2002 © America’s Community Bankers. All Rights Reserved.
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