The Federal Reserve, not banks, is the key to capitalizing the Savings Association Insurance Fund - at least that's the thinking of Alexandria, Va.-based banking consultant Bert Ely.

Last week Mr. Ely sent letters to lawmakers urging them to tap the Fed's $4 billion surplus to pay the yearly tab for Finance Corp. bonds, which would end the banking industry's opposition to the thrift fund fix.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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