Senate Panel Endorses NCUA’s BacinoFor Housing Post

WASHINGTON - (07/20/06) – The Senate Banking Committeevoted Wednesday to confirm former NCUA Board member Geoffrey Bacinoto a seat on the Federal Housing Finance Board, the federal agencythat regulates the 12 Federal Home Loan Banks. Bacino’snomination now goes for a vote before the full Senate, which isexpected to approve the appointment before it adjourns for nextmonth’s August recess. The appointment of Bacino to thehousing panel indicates the growing importance credit unions havein the FHLB system, with more than 1,000 credit unions now members.Also confirmed with Bacino Wednesday were: Frederic Mishkin to aseat on the Federal Reserve Board; Edmund Moy, to the board of theU.S. Mint; and Linda Conlin, Joseph Grandmaison, and JamesLambright, to positions at the Export-Import Bank.