REVIEW OF THE OFFICE OF FINANCE BOARD JOINT HEARING BEFORE THE SUBCOMMITTEE ON AND THE SUBCOMMITTEE ON Printed for the use of the Committee on Financial Services Serial No. 108–100 U.S. GOVERNMENT PRINTING OFFICE 96–547 PDF WASHINGTON : 2004 For sale by the Superintendent of Documents, U.S. Government Printing Office Fax: (202) 512–2250 Mail: Stop SSOP, Washington, DC 20402-0001 HOUSE COMMITTEE ON FINANCIAL SERVICES MICHAEL G. OXLEY, Ohio, Chairman JAMES A. LEACH, Iowa BARNEY FRANK, Massachusetts BERNARD SANDERS, Vermont Robert U. Foster, III, Staff Director LC Control Number (II) 2004 483666 SUBCOMMITTEE ON CAPITAL MARKETS, INSURANCE AND GOVERNMENT SPONSORED ENTERPRISES RICHARD H. BAKER, Louisiana, Chairman GARY L. ACKERMAN, New York DARLENE HOOLEY, Oregon SPENCER BACHUS, Alabama BRAD SHERMAN, California MICHAEL N. CASTLE, Delaware GREGORY W. MEEKS, New York PETER T. KING, New York JAY INSLEE, Washington FRANK D. LUCAS, Oklahoma DENNIS MOORE, Kansas EDWARD R. ROYCE, California MICHAEL E. CAPUANO, Massachusetts DONALD A. MANZULLO, Ilinois HAROLD E. FORD, JR., Tennessee SUE W. KELLY, New York RUBEN HINOJOSA, Texas ROBERT W. NEY, Ohio KEN LUCAS, Kentucky JOHN B. SHADEGG, Arizona JOSEPH CROWLEY, New York JIM RYUN, Kansas STEVE ISRAEL, New York VITO FOSSELLA, New York, MIKE ROSS, Arkansas JUDY BIGGERT, Illinois WM. LACY CLAY, Missouri MARK GREEN, Wisconsin CAROLYN MCCARTHY, New York GARY G. MILLER, California JOE BACA, California JIM MATHESON, Utah BRAD MILLER, North Carolina RAHM EMANUEL, Mlinois PATRICK J. TIBERI, Ohio DAVID SCOTT, Georgia NYDIA M. VELÁZQUEZ, New York (IV) Castaneda, Hon. Alicia R., Chairman, Federal Housing Finance Board Falcon, Hon. Armando Jr., Director, Office of Federal Housing Enterprise APPENDIX Prepared statements: Kelly, Hon. Sue W. Oxley, Hon. Michael G. Gillmor, Hon. Paul E. Kanjorski, Hon. Paul E. Castaneda, Hon. Alicia R. Falcon, Hon. Armando Jr. 38 40 42 44 46 50 |