The National Housing Conference, Inc., an organization whose goal is to create public awareness of housing policies and public housing programs, held a news conference to address the topic of the restructuring of the financial industry and its impact on housing finance. Panel members discussed possible reforms in the financial industry, along with associated issues including the savings and loan bailout and the depleted funds of the Federal Deposit Insurance Corporation. Mr. Litan said the housing industry would be affected by banking reform in restricted credit for construction and development lending. Large banks will need to retain larger percentages of capital to abide by capital standards in banking reform measures, so although individual mortgages will still be available, consumer real estate development will decrease.