Mark W Olson: Community development and the bigger picture Remarks by Mr Mark W Olson, Member of the Board of Governors of the US Federal Reserve System, at the Social Compact Visionary Awards, Washington DC, 25 May 2006.
In addition, under the terms of the recapitalisation package, there is provision for a greater supply of credit to the real economy. The two main banks have confirmed their commitment to increase lending capacity to small- and medium-sized enterprises by 10 per cent and to provide an additional 30 per cent capacity for lending to first-time home-buyers in 2009.