Business Notes: Dec. 15, 1986

REGULATORS Some Inquiries About Tripping

As chairman of the Federal Home Loan Bank Board, Edwin Gray once chartered a plane to see his dying father when no commercial flights were available. Cost: nearly $14,000. His wife Monique spent close to $12,000 on air travel, hotel rooms and meals while accompanying Gray on business trips. The problem: these bills were paid with industry funds provided by the twelve regional banks of the FHLB system. Last week Gray said he had personally repaid the full $26,000 tab.

Questions have also arisen about the fact that bank-board employees received travel expenses from the regional...

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