Blog Archive–NACM Blog Credit Real Time: The Latest in Commercial Credit

Fed’s Duke Predicts More Lending in 2010, Pushes for Increased Community Banking Activity

Written by SuperUser2.

At the Western Independent Bankers Annual Conference in Arizona, Federal Reserve Governor Elizabeth Duke predicted an increase in bank lending to domestic small businesses. She notes, "Economic conditions, the most important determinant of the demand for and availability of small business lending, have improved considerably since the early and middle part of last year."

However, Duke's speech seemed to double as a call to action, or even a cry for help, to inspire community banks to pick up the pace in the area of business credit lending.

"Even though the environment is challenging and some community banks face significant stress, most community banks are fundamentally sound and will remain so," said Duke. "It is encouraging to see in your conference agenda that you are looking forward to returning to a more stable model of community banking..."

See below for Duke's prepared speech in its entirety by clicking the following link: http://tinyurl.com/yjlku66.

 

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!

NACM's Preferred
Software Providers

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History