MSU College of Law News
FOR IMMEDIATE RELEASE
February 26, 2008
CONTACT: KATIE GALLAGHER
MSU LAW PROFESSOR APPOINTED TO BOARD OF FEDERAL HOME LOAN BANK OF INDIANAPOLIS
East Lansing, MI – Professor Elliot A. Spoon has been appointed by the Federal Housing Finance Board as a Public Interest Director on the Board of Directors of the Federal Home Loan Bank of Indianapolis.
The Federal Housing Finance Board is an independent regulatory agency of the executive branch of the U.S. Government. It ensures that the Federal Home Loan Banks operate in a safe and sound manner, carry out their housing and community development missions, and remain adequately capitalized and able to raise funds in the capital markets.
The Federal Home Loan Bank of Indianapolis is one of 12 regional banks that make up the Federal Home Loan Bank System. Federal Home Loan Banks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions.
Professor Spoon commented on his appointment: “I am very excited to have the opportunity to participate in the country’s housing finance system, particularly at a time when the system is under stress as a result of the subprime crisis. I look forward to assisting in solving the current problems and ensuring that housing finance system remains strong and vital.”
MSU College of Law was in founded in 1891 and is a private institution of higher learning devoted exclusively to professional education in law. The Law College is one of only a few private law schools to be affiliated with a research university, enabling it to provide a comprehensive interdisciplinary legal education program. Classes offered in its state-of-the-art facilities provide students the benefits of a Big Ten campus while maintaining the small school culture. The Law College is one of the oldest continuously operating independent law colleges in the nation. For more information about the Law College, visit www.law.msu.edu
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East Lansing, MI 48824