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FINANCE BOARD ANNOUNCES PRELIMINARY RESULTS OF SYSTEM 2000 SURVEY

FINANCE BOARD ANNOUNCES PRELIMINARY RESULTS OF SYSTEM 2000 SURVEY
 Members Value System's Role as Provider of Liquidity;
 Express Interest in Broadening System Activities
 WASHINGTON, Sept. 25 /PRNewswire/ -- A survey of its members conducted by the Federal Home Loan Bank System as part of its System 2000 strategic planning process indicates that the System's members value its role as a provider of liquidity, and are interested in exploring the feasibility of expanded System activities. The questionnaire, which probed issues dealing with the future of the System, had a better than 50 percent response rate with more than 1,700 responses out of a total membership of 3,367.
 "The shareholders of the Federal Home Loan Banks obviously have a high level of interest in the System's future," said Daniel F. Evans Jr., chairman of the Federal Housing Finance Board. "Their input will continue to be sought as we strive to develop a consensus on the future direction of the System."
 Preliminary results of the survey show that shareholders highly value the System's role as a provider of liquidity. They also rate as important the payment of a market rate of return on their stock investment. The shareholders expressed interest in exploring activities that the Banks could use to further facilitate housing finance and community development.
 System 2000 is a two-stage strategic plan being developed jointly by the 12 District Banks, the Office of Finance and the Finance Board. The shareholder survey is only one part of a larger fact- finding process that begins the development of System 2000.
 The survey was conducted to poll shareholders on how they perceive the System and to solicit their thoughts on key issues. The results are not binding on any party, and the System and its shareholders will continue to discuss strategic options.
 The survey was mailed by all 12 Banks to their shareholders on Sept. 4, with a Sept. 16 deadline for response. The sample responses were received from a broad cross-section of the System's membership of savings associations, commercial banks, insurance companies and credit unions.
 -0- 9/25/92
 /CONTACT: Charles M. Chamness of the Federal Housing Finance Board, 202-408-2986/ CO: Federal Housing Finance Board ST: District of Columbia IN: FIN SU:


TW -- DC008 -- 3519 09/25/92 12:32 EDT
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Publication:PR Newswire
Date:Sep 25, 1992
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