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IBAA ENDORSES CLINTON ADMINISTRATION PLAN FOR INCREASING LENDING

 WASHINGTON, March 10 /PRNewswire/ -- The Independent Bankers Association of America (IBAA) strongly endorses President Clinton's plan to stimulate lending to small- and medium-sized businesses by reducing the regulatory burden on the nation's banks.
 The administration, working with the bank regulatory agencies, today announced a package of administrative actions that eliminate major regulatory impediments to banks' lending while maintaining safety and soundness.
 "This is a welcomed message to carry to our nation's community bankers, who are gathered in San Diego this week for the IBAA National Convention," said IBAA President Bob Hawkins, chairman of Southern Commercial Bank, St. Louis. "There's no question that excessive regulatory burden has hampered banks' ability to make job-creating loans to small businesses."
 Some of the administration's measures designed to ease the restraints on banks' lending and restore character lending include: new examination procedures that will permit examiners to review small business loans made by well-capitalized banks in a "basket" rather than individually; redefining what constitutes a non-performing loan; minimizing appraisal requirements; modification of examiners' treatment of classified loans; and the establishment of a meaningful examination appeals process.
 "The package announced by the administration offers prudent but significant steps towards unshackling banks' lending operations," said IBAA President-Elect James Lauffer, chairman/CEO of the First National Bank of Herminie, Irwin, Pa. "This administrative package must now be followed with the next step of targeted legislative measures to rollback the micromanagement provisions in the FDIC Improvement Act."
 Hawkins added: "The theme of our convention this week is Community Banks Create Main Street Jobs.' This package will help community bankers bring more jobs to Main Street."
 Attending the White House briefing were Hawkins; Lauffer; IBAA Vice President John Shivers, chairman, Southwest Bank, Fort Worth, Texas; IBAA Treasurer David Stone, president, Portales National Bank, Portales, N.M.; and IBAA Regulation Review Committee Chairman Lee Stenehjem Jr., chairman, First International Bank, N.A., Fargo, N.D.
 The IBAA is the only national trade association that exclusively represents the nation's community banks.
 -0- 3/10/93
 /CONTACT: Dori Gillman or Viveca Ware, 202-659-8111, or Kenneth Guenther, in San Diego, 619-234-1500, all of the Independent Bankers Association of America/


CO: Independent Bankers Association of America ST: District of Columbia IN: FIN SU: EXE

MH-TW -- DC042 -- 4748 03/10/93 14:27 EST
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Date:Mar 10, 1993
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