HOUSE HOLDS BANKING PROPOSAL HEARING.(question, banks diversifying into real estate management, United States)(Brief Article) From: Journal of Property Management | Date: July 1, 2001 | COPYRIGHT 2001 National Association of Realtors. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

On May 2, Federal Reserve Board governor Laurence Meyer spoke to the House of Representatives Subcommittee on Financial Institutions and Consumer Credit, opening the debate in Congress about whether banks should be allowed to enter into real estate and property management.

Meyer said most of the comments that have been received by the Federal Reserve Board and the Secretary of the Treasury expressed opposition to the measure that would allow banks to conduct real estate-...