As president of the Federal Home Loan Bank of Des Moines, Patrick J. Conway is making decisions that will affect a slew of banks.

The new financial reform law lets the Federal Home Loan Bank System lend against new types of collateral - small-business and farm loans. Congress wanted to make it easier for banks with less than $500 million of assets to borrow more from the system. But lawmakers left the specifics to the experts, and the Des Moines bank is expected to play a big role in deciding how much collateral banks must pledge to get this funding.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.