CREDIT

Amendments

Education: abuses in the Supplemental Loans for Students Program (H.R. 4639), 14599, 14615 [15JN]

Financial Modernization Act: enact (S. 1886), 5730, 5766, 5783, 5787, 5797, 5799, 5834, 5851-5857 [30MR]

Higher Education Act: amend (S. 2647), 22883 [8SE], 23916, 23960 [15SE]

Analyses

Emergency Bank Consolidation Act (S. 2715), 21604 [10AU]

Federal Credit Reform Act (S. 2785), 23540-23545 [13SE]

FSLIC Notes and Guarantees, 30181 [12OC]

Home Equity Loan Consumer Protection Act (H.R. 3011), 15282 [20JN]

Veterans' Housing Act Amendments (S. 2419), 11662 [19MY]

Articles and editorials

American Financiers Lend Hand to Soviets, 21203 [9AU]

Baker Plan Is Bankrupt, 32388 [20OC]

Banking Bill's Demise, 32106 [20OC]

Citibank Lifts Restriction on Credit for Liberal Arts Students, 6000 [31MR]

Citibank To Phase Out Policy Against Liberal Arts Majors, 6000 [31MR]

Community Banks and Farmer Mac, 3029 [2MR]

Credit Card Feud—Humanities Not a Major to Bank On, 6000 [31MR]

Credit Cards Play on Affinity Theme, 1696 [18FE]

FADA Offers Workers an $8 Million Golden Parachute, 28093 [4OC]

Financing Perestroika, 29581 [7OC]

German Banks Increase Loans to Soviets and Introduce Moscow to Bond Markets, 21204 [9AU]

Going Into the Red, 29580 [7OC]

John Reed Minds the Store, 21202 [9AU]

Kingdom of Distorting Mirrors, 29582 [7OC]

Lending to the Soviets, 29581 [7OC]

Liberal Arts, Tight Credit, 6001 [31MR]

Major Soviet Bond Issues Are Expected Despite Requirements to Disclose Secrets, 21205 [9AU]

Nobody Takes Blame for Export Finance Woes, 954 [3FE]

1/8 Over LIBOR, 29580 [7OC]

Soviet Union in DM500M Bond Issue, 21203 [9AU]

Soviets To Obtain More Cash in West, 21204 [9AU]

Summit on Forgiveness, 29581 [7OC]

Troubling Statistics on Student Loan Defaults Yields No Agreement on Explanation or Solution, 4325 [17MR]

Veterinary Students—Loan Defaults Stay Low, 189 [27JA]

Well, My Mother Loves Me, 6001 [31MR]

Bills and resolutions

Agriculture: lower interest rate on disaster loans to small cooperatives (see H.R. 5414)

Armed Forces: prohibit discrimination by creditors against members (see H.R. 5482)

Business: start-up ventures (see H.R. 4805)

Consumers: prompt disclosure of adverse information by credit reporting agencies (see H.R. 5528)

Dept. of Agriculture: extend certain loans (see H.R. 4147)

Discrimination: prohibiting on the basis of the applicant's course of study (see H.R. 4342)

Economic assistance: computation of expected family contribution in the determination of need relative to the Higher Education Act (see H.R. 4541)

Emergency Bank Consolidation Act: enact (see S. 2715)

Federal Asset Disposition Association: prohibit from making certain payments (see S. 2861)

Federal Credit Reform Act: enact (see S. 2785)

Federal Government: debt collection and credit management (see H.R. 4499)

FSLIC: revoke charter of Federal Asset Disposition Association (see H.R. 4646)

Housing: ensuring certain mortgages for first-time home buyers (see H.R. 4743)

———loan program (see H.R. 5221)

National Credit Union Administration: enhance board operation (see H.R. 4438)

Nonprofit organizations: eligibility for disaster loans (see S. 2842)

SBA: disaster assistance loans (see H.R. 4161)

———encourage preferred lender to provide loans (see S. 2624)

Sec. of Agriculture: prohibit extending financial assistance to persons who have defaulted on a loan (see H.R. 4336)

Student loan funds: tax exempt financing (see S. 2149)

Student loans: abuses in the Supplemental Loans for Students Program (see H.R. 4639)

———default rate (see H.R. 4798)

———default rate (H.R. 4986), consideration (see H. Res. 523)

———Guaranteed Student Loan Program (see S. 2005; H.R. 3876, 3878)

———require multiple disbursement of supplemental loans for students (see H.R. 4516)

Taxation: extending low-income housing credit (see S. 2411)

———increase earned income credit (see H.R. 4274)

———research credit available to certain start-up ventures (see H.R. 4795)

VA: home loan guaranty program (see S. 2049; H.R. 3895, 4668)

———reduction of certain downpayments required for loans (see S. 2022)

VA Home Loan Guaranty Program: establishing an independent national commission (see H.R. 4515)

Veterans' Housing Act: amend (see S. 2419)

Documents

Waiver of Rights Under the Agricultural Credit Act, 3395 [4MR]

Explanations

Financial Modernization Act's managers amendment: Senators Proxmire and Garn, 6060-6062 [31MR]

Interviews

Can history save us from a depression? Jude Wanniski, American Heritage (magazine), 959-962 [3FE]

Letters

Auction of VA-acquired homes: Senators Cranston and Murkowski, 9341 [28AP]

Farm Credit System: James L. Blum, CBO, 26950 [30SE]

Federal Crop Insurance Program: several Representatives, 29511 [7OC]

Federal Home Loan Bank Board assistance guarantees: Charles A. Bowsher, Comptroller General, 30181 [12OC]

———Representative Roth, 30180 [12OC]

Federal Housing Administration credit authority and balanced sequestration process: National Council of Savings Institutions, 5242 [24MR]

Financial Modernization Act: sundry organizations, 5795 [30MR]

Home equity loans section of the Financial Modernization Act: Robert Bianchini, 5800 [30MR]

Loans to Soviet Union from Western countries: Senator Symms, 31265 [18OC]

Mortgage Revenue Bond Program: National Governors' Association, 3955 [15MR]

Student loans: Bruce Carnes, 4326 [17MR]

Veterans housing loan program: American Legion, 25368 [26SE]

———AMVETS, 25368 [26SE]

———Disabled American Veterans, 25368 [26SE]

———Paralyzed Veterans of America, 25368 [26SE]

———Thomas K. Turnage, 11660 [19MY]

Memorials of legislature

Micronesia, 30598 [13OC]

Papers

Veterans' Benefits: VA, 516 [1FE]

Remarks in House

Agriculture: lower interest rate on disaster loans to small cooperatives (H.R. 5414), 28275 [4OC]

Armed Forces: prohibit discrimination by creditors against members (H.R. 5482), 29134 [6OC]

Banks and banking: impact of world debt crisis, 32387 [20OC]

CCC: crop loans, 4739 [22MR]

Consumers: prevent abuse by repair organizations (H.R. 458), 21394 [9AU]

Credit cards: prohibiting discrimination on the basis of the applicant's course of study (H.R. 4342), 6000 [31MR]

———promotion of use, 1695 [18FE], 17426 [11JY]

Dept. of HUD: emergency mortgage assistance to homeowners (H.R. 4292), 6002 [31MR]

Dukakis, Michael S.: education loan plan, 23295 [9SE]

Economic assistance: computation of expected family contribution in the determination of need relative to the Higher Education Act (H.R. 4541), 9998 [5MY], 14063 [9JN]

Eximbank: working capital guarantee program, 23688 [13SE]

Farm Credit Act: agricultural real estate, 3029 [2MR]

Farm Credit Banks: mandate from Congress, 31971 [19OC]

Federal Asset Disposition Association: revoke charter (H.R. 4646), 11335 [17MY], 11539 [18MY], 12231 [25MY], 29039-29046 [6OC], 29981 [12OC]

Federal Credit Reform Act: enact (S. 745), 33512 [21OC]

Financial Modernization Act: enact (S. 1886), 31989 [19OC]

Foreign trade: export financing, 954 [3FE]

FSLIC: assistance programs, 9702 [3MY]

Home Equity Loan Consumer Protection Act: enact (H.R. 3011), 15277 [20JN], 15283-15285 [20JN], 18070 [13JY], 31791 [19OC]

Housing: ensuring certain mortgages for first-time home buyers (H.R. 4743), 13394 [3JN]

———loan program (H.R. 5221), 25365-25369 [26SE]

———tax-exempt status of home mortgage revenue bonds, 12208 [24MY]

National Credit Union Administration: enhance board operation (H.R. 4438), 8415 [21AP]

SBA: disaster assistance loans (H.R. 4161), 4162 [16MR]

Soviet Union: loans from Western European countries, 19468 [28JY]

Student loans, 9990 [5MY]

———abuses in the Supplemental Loans for Students Program (H.R. 4639), 11776 [19MY], 13495 [7JN], 16186 [28JN]

———defaults, 48 [25JA]

———defaults (H.R. 4798), 14313 [13JN]

———defaults (H.R. 4986), consideration (H. Res. 523), submitted report, 22116 [11AU]

———Guaranteed Student Loan Program reduction in default rate (H.R. 3878), 452 [28JA]

VA: home loan guaranty program (S. 2049), 30026-30035 [12OC]

———reduction of certain downpayments required for loans (S. 2022), 1579-1581 [17FE], 1952 [22FE]

Veterinary medicine: student loans, 188 [27JA]

World Bank: loan for Mexican steel industry, 3031 [2MR]

Remarks in Senate

Agriculture: flexibility for farmers affected by drought in procuring emergency loans, 19323 [28JY]

ALFE, Inc.: tribute, 21994 [11AU]

Banks and banking: interest rates, 5433 [29MR]

CCC: commodities in form of generic certificates used to repay loans made through the producer-owned reserve, 19324 [28JY]

Emergency Bank Consolidation Act: enact (S. 2715), 21601, 21605 [10AU]

Equal Credit Opportunity Act: enact, 29437 [7OC]

Farm Credit System: saving legislation, 3395 [4MR]

Federal Asset Disposition Association: prohibit from making certain payments (S. 2861), 28093 [4OC]

Federal Credit Reform Act: enact (S. 2785), 23537 [13SE]

Financial Modernization Act: enact (S. 1886), 5730-5834 [30MR], 6060, 6196 [31MR], 10790 [12MY], 10997-10999 [13MY], 16391 [29JN], 23525 [13SE], 29794 [11OC], 30186 [13OC], 31174 [17OC], 32507 [21OC]

FRS: discount rate policy, 22417 [7SE]

Higher Education Act: amend (S. 2647), 23900-23926 [15SE]

Home Equity Loan Consumer Protection Act: enact (H.R. 3011), 23776 [14SE], 32549 [21OC]

Japan: comparison with U.S. institutions, 19581 [29JY]

SBA: encourage preferred lender to provide loans (S. 2624), 17368 [8JY]

Securities: Soviet bond issues, 21201 [9AU]

Small business: availability of loans, 21656 [10AU]

Soviet Union: credit by Western banks, 15508 [22JN], 28681 [6OC], 31261-31267 [18OC], 31538 [18OC]

Student loan funds: tax exempt financing (S. 2149), 3447 [4MR]

Student loans: abuses in the Supplemental Loans for Students Program (H.R. 4639), 14615-14619 [15JN]

———defaults, 4324 [17MR]

———guaranteed loans (S. 2005), 151 [26JA]

Taxation: extending low-income housing credit (S. 2411), 11500 [18MY]

———issuance of mortgage bonds and credit certificates (S. 1522), 3954 [15MR]

VA: home loan guaranty program (S. 2049), 1115-1118 [4FE], 9428-9433 [28AP]

———reduction of certain downpayments required for loans (S. 2022), 515-517 [1FE]

Veterans' Housing Act: amend (S. 2419), 11659 [19MY]

Reports filed

Abuses in Supplemental Loans for Students Program: Committee on Education and Labor (H.R. 4639) (H. Rept. 100-669), 13368 [3JN]

Default Rate on Student Loans (H.R. 4986), Consideration: Committee on Rules (H. Res. 523) (H. Rept. 100-866), 22304 [11AU]

Farm Credit Administration's Selection of the Jackson Federal Land Bank Receiver: Committee on Government Operation (H. Rept. 100-1045), 27984 [3OC]

Housing Loan Program: Committee on Veterans' Affairs (H.R. 5221) (H. Rept. 100-964), 25168 [23SE]

Nomination of William W. Erwin to the Farm Credit System Assistance Board: Committee on Agriculture, Nutrition, and Forestry, 13754 [8JN]

Reports to constituents

Hamilton, Lee H.: Major Domestic Issues Facing the Next Administration and Congress, 23870 [14SE]

Statements

Federal Housing Administration Authority and Balanced Sequestration Process: Mortgage Bankers Association, 5242 [24MR]

———National Association of Home Builders, 5242 [24MR]

Financial Modernization Act: Association of Community Organizations for Reform Now, 5784 [30MR]

———Senators Dixon, Sanford, and Garn, 5779-5781 [30MR]

Summaries

Agricultural Credit Act technical corrections (H.R. 3980), 1968 [23FE]

Reasons for Dissolving Federal Asset Disposition Association, 29042 [6OC]

Veterans' Home Loan Program Emergency Act Amendments (S. 2022), 516 [1FE]

Tables

Guaranteed Student Loan Program net default rate, 23912 [15SE]

Veterans' Benefits and Program Improvement Act cost estimate, 30034 [12OC]

Testimonies

Committee on Banking, Housing, and Urban Affairs: Housing, William A. O'Neill, National Governors' Association, 3956-3958 [15MR]

Mortgage Revenue Bonds: William A. O'Neill, Governor of Connecticut, 3954 [15MR]

VA Foreclosed Properties: William A. Whiteside, 9345 [28AP]

Texts of

H.R. 3011, Home Equity Loan Consumer Protection Act, 15277-15279 [20JN]

H.R. 3980, Agricultural Credit Act technical corrections, 1962-1968 [23FE]

H.R. 4292, Emergency Housing Assistance Act, 6003-6006 [31MR]

H.R. 4342, prohibit discrimination of credit card applicants on the basis of applicant's course of study, 6001 [31MR]

H.R. 4639, abuses in the Supplemental Loans for Students Program, 13495 [7JN], 16186 [28JN]

H.R. 4646, Federal Asset Disposition Association Dissolution Act, 29039, 29040 [6OC]

H.R. 5221, housing loan program, 25365 [26SE]

H.R. 5482, prohibit discrimination against members of Armed Forces by creditors, 29134 [6OC]

S. 1886, Financial Modernization Act, 5810-6062 [31MR]

S. 2005, student loan amendments, 152 [26JA]

S. 2022, reduction of certain downpayments required for VA loans, 517 [1FE], 1581 [17FE]

S. 2049, VA home loan guaranty program, 1117 [4FE], 9428 [28AP], 30026-30031 [12OC]

S. 2411, extending low-income housing credit, 11500 [18MY]

S. 2419, Veterans' Housing Act amendments, 11659 [19MY]

S. 2624, encourage preferred lender to provide SBA loans, 17368 [8JY]

S. 2647, amend the Higher Education Act, 23900-23908 [15SE], 23917-23926 [15SE]

S. 2715, Emergency Bank Consolidation Act, 21601 [10AU]

S. 2785, Federal Credit Reform Act, 23537-23540 [13SE]

Transcripts

Osgood File, CBS News, 6241 [31MR]