Oral statement of Donna Tanoue Chairman Federal Deposit Insurance Corporation before the Committee on Banking and Financial Services; U.S. House of Representatives.

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M2 PRESSWIRE-9 February 2000-FDIC: Oral statement of Donna Tanoue Chairman Federal Deposit Insurance Corporation before the Committee on Banking and Financial Services; U.S. House of Representatives (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:07022000 Mr. Chairman, Congressman LaFalce, and members of the Committee, I appreciate the opportunity to testify on behalf of the Federal Deposit Insurance Corporation.

This morning, I will briefly discuss three subjects: One, what the FDIC is doing to address subprime lending; two, what the FDIC is doing to address fraud; and, three, H.R. 3374 and our support for it. This hearing follows an uptick in bank failures and losses, and particularly three failures where the estimated loss rates for the FDIC are...