Author: Flax-Hatch, David
Summary
This report describes a project conducted by the Woodstock Institute which was designed to evaluate the Chicago Municipal Depository Ordinance’s commercial lending data and to use it as a model for proposing commercial lending disclosure legislation. Commercial loan data reported under requirement of the CMDO were examined from twenty-six banks applying for city deposits in 1986 and 1987. This represented one-third of Chicago’s commercial banks, but over 80% of commercial bank assets.
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Tracking Chicago’s Business Bucks: Commercial Lending and the Chicago Municipal Depository Ordinance
