Written before the release of the US Federal guidelines on conservation banking, this report is a great primer to the differences between wetlands and endangered species mitigation banking. "Because endangered species and wetlands differ in the extent of legal protection provided to each and in the laws and programs pertaining to their conservation, the policies for endangered species mitigation banking and wetland mitigation banking should differ as well. Accordingly, this report describes some of the issues that must be addressed in a federal policy on endangered species mitigation banking, suggests how those issues should be resolved, and proposes a draft policy for adoption by the U.S. Fish and Wildlife Service. This report also includes short case studies of several endangered species mitigation banks that are now in operation or are under development. Finally, the report contains a model endangered species mitigation banking agreement that will effectively conserve endangered species."