LS-97: Statement by Treasury Secretary Lawrence H. Summers on Financial Services Roundtable Studies



	FROM THE OFFICE OF PUBLIC AFFAIRS September 14, 1999 LS-97 Statement by Treasury Secretary Lawrence H. Summers on Financial Services Roundtable Studies The papers released today by the Financial Services Roundtable - papers authored by academic and policy experts - support the argument that banks should have a choice of operating through subsidiaries or affiliates. The work of these economists confirm the conclusion that the Treasury Department, the FDIC, and other independent analysts reached sometime ago: a financial modernization bill should allow banking organizations to choose the structure that best serves their customers without adversely affecting competition or safety and soundness.