WASHINGTON - The Gramm-Leach-Bliley Act was supposed to make it easier for small banks to get advances from the Federal Home Loan Bank System, but industry officials are complaining that a capital restructuring proposal would increase their costs.

In more than 130 comment letters due last week, the officials warned the Federal Housing Finance Board that its plan to revamp the system's capital structure could inadvertently force member banks and thrifts to start paying taxes on stock transactions with their Home Loan banks that are presently tax-exempt.

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