|FOR IMMEDIATE RELEASE:||CONTACT: CHRISTI HARLAN|
|Wednesday, August 4, 1999||202-224-0894|
Sen. Phil Gramm, chairman of the Senate Committee on Banking, Housing and Urban Affairs, has announced a full committee hearing on six nominations.
Committee on Banking, Housing and Urban Affairs
1:30 p.m. Thursday, August 5, 1999
538 Dirksen Senate Building
The Council of Economic Advisors provides the President with economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. The Council is made up of a chairman and two members, who are all appointed by the President with the advice and consent of the Senate.
The National Consumer Cooperative Bank provides financing to the nation's cooperative business sector, aimed at spurring economic growth and community development in urban and rural America. Primary lines of business include commercial lending, mortgage banking, capital markets and advisory services, lease financing and depository services.
The Office of Federal Housing Enterprise Oversight performs the function of financial regulator of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. The office operates as an arms-length entity within the Department of Housing and Urban Development and ensures that these agencies are adequately capitalized and operating safely.
The Export-Import Bank of the United States (Ex-Im Bank) is an independent U.S. government agency that helps finance the overseas sales of U.S. goods and services. In over 60 years, Ex-Im Bank has supported more than $300 billion in U.S. exports.