Following is the text of a comment letter from Brian P. Smith, executive vice president of the Savings arid Community Bankers of America, to the Federal Housing Finance Board in support of the FHFB's proposal to ease the minimum ratio of capital to outstanding consolidated obligations of the Federal Home Loan Bank System.

The Savings & Community Bankers of America are pleased to offer their comments on the proposal of the Federal Housing Finance Board to adjust the minimum ratio of capital to outstanding consolidated obligations of the Federal Home Loan Bank System. In general, SCBA strongly endorses the thrust of the proposal and supports its immediate adoption, though we do suggest some minor adjustments below.

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