According to media reports, U. S. Rep. Maxine Waters, D-Calif., denied Monday she violated House ethics rules by helping steer federal funds to a bank with ties to her husband.

The longtime Los Angeles congresswoman said in a statement issued soon after the House Ethics Committee formally announced charges against her, "I have not violated any House rules. Therefore, I simply will not be forced to admit to something I did not do."

She would respond in detail to the allegations at congressional hearings, Waters have said.

The Los Angeles Times has reported that the investigation focuses on whether Waters violated ethics rules by arranging a September 2008 meeting between Treasury Department officials and OneUnited Bank. The Los Angeles-headquartered bank received $12 million in TARP funds three months later when her husband, Sidney Williams, was a OneUnited stockholder and former board member.

The ethics panel released a report Monday by the Office of Congressional Ethics, which urged further investigation of "Representative Waters' apparent recognition of conflict of interest."

Waters had told "Representative A" about "a problem with OneUnited but that she didn't know what to do about it" because of her husband's links to the bank, the report said.

According to the Times, "Representative A" is believed to be Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, who has said publicly he urged Waters to "stay out of it" because he knew her husband had served on the bank's board.

She had sought help for minority-owned banks other than OneUnited and said the 2008 meeting "was requested and scheduled on behalf" of the National Bankers Association, a trade group representing minority-owned banks, "not on behalf of OneUnited Bank, as has been suggested," Waters, chairwoman of the Financial Services subcommittee on housing and community opportunity, noted.

Evidence will show "in advocating on behalf of minority banks, neither my office nor I benefit ted in any way" or "engaged in improper action," she further added. (With Inputs from Agencies)