Our mission is to be the preeminent provider of legislative and regulatory services to a unified banking industry in New York State. For the latest legislative & regulatory information, go to Friday's News NYBA wrote a letter in response to Senator Kirsten Gillibrand's op/ed on expanding credit union business lending, which appeared in Long Island Business News. NYBA wrote to FDIC Chairman Sheila Bair, urging her to support the reclassification of reciprocal deposit services as core deposits. NYBA testified before the Community Development Committee of the New York City Council on a Resolution urging the State Legislature to pass the provision of the Governor's Executive Budget allowing credit unions and thrifts to accept municipal deposits. NYBA supports municipal deposit authority for tax-paying thrifts but not for credit unions.  NYBA opposes State legislation that would greatly increase the value of real and personal property exempt from the satisfaction of money judgments and increase the level of exemptions from bankruptcy. Read NYBA's memo in opposition. NYBA submitted a statement to the House Subcommittee on the Judiciary on the Business Activity Tax Simplification Act in support of enactment. Read NYBA's statement. For more information, please contact: Michael P. Smith, President, NYBA, at (212) 297-1699 Roberta Kotkin, General Counsel & Chief Operating Officer, at (212) 297-1684 William J. Bosies, Senior Vice President, at (212) 297-1664