WASHINGTON -- One of the two remaining members of the Federal Housing Finance Board endorsed an amendment sponsored by Rep. Richard Baker, R-La., that would allow commercial banks to increase their borrowing from the Federal Home Loan Bank system..

Although the Clinton administration opposes the amendment, Lawrence U. Costiglio, a member of the finance board, told Rep. Baker in a letter that his legislation would help fulfill housing needs without jeopardizing the system's safety.

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