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The Nation - News from Feb. 4, 1986

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The chief of staff of the Federal Home Loan Bank Board sent out mailgrams last month to about 20 Washington-area mortgage bankers soliciting a $500,000 home loan and signed them with her name and title, a board spokesman said. Shannon Ann Fairbanks told board officials she had inadvertently used her title in signing the bid requests. McKelvey said the incident, which occurred last month, had been brought to the attention of the board’s ethics officers, but he said he knew of no action contemplated against Fairbanks.

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