For months, the Savings and Community Bankers of America has been prodding Eugene A. Ludwig, the comptroller of the currency, to put in place a 1991 law that would reduce the capital thrifts would have to hold against multifamily residential housing loans.

The Savings and Community Bankers organization, which represents 2,000 savings institutions, says if Mr. Ludwig would sign off on the rule it would free up more funds and spur savings institutions to make more affordable-housing loans. The lobbying effort hasn't yet paid off The following letter is an excerpt of the correspondence sent to Mr. Ludwig.from Paul A. Schosberg, president of the organization.

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