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Contact: Patti Lorenzen
Media Representative
612-204-5261
Patti.Lorenzen@mpls.frb.org

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Fed Sponsors Indian Lending Conference

MINNEAPOLIS, October 24, 2002—The Federal Reserve Banks of Minneapolis, Chicago, Kansas City, San Francisco and the Federal Reserve Board, will sponsor a sovereign lending conference, Nov. 18-20 in Scottsdale, Ariz., to explore ways to encourage banking opportunities in tribal communities.

The conference, “Banking Opportunities in Indian Country,” will focus on methods and resources for encouraging initiatives and partnerships that increase access to credit and capital and strengthen local economies.

Featured speakers include: Federal Reserve Board Governor Mark Olson; Rebecca Adamson (Eastern Cherokee), founder of the First Nations Development Institute; Robert Cheadle (Chickasaw), legislative counsel for the Chickasaw Nation; J.D. Colbert (Muscogee), president of the Native American Bankers Association; Stephen Cornell, director of the Udall Center for Studies in Public Policy at the University of Arizona; Mary S. Gabler, vice president and community development manager for Wells Fargo; and Lance Morgan (Winnebago), founder of Ho-Chunk, Inc. of the Winnebago Tribe of Nebraska.

The conference is designed for bankers, tribal leaders, tribal economic and housing development specialists, attorneys and resource staff for community development. General sessions each day will address issues and opportunities for financial service providers, tribes and tribal members. Breakout sessions will provide specific information from experts on how to lay the groundwork for making capital and credit available in Indian Country, build relationships with key partners, leverage financial opportunities and use financial resources for community economic development initiatives.

The conference will be held at the DoubleTree Paradise Valley Resort in Scottsdale, Ariz. For more information call 866-226-7167 (toll free) or see the conference web site at www.federalreserve.gov/communityaffairs/national.

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