Federal Independent Agencies
Here's a look at documents from federal independent agencies
Featured Stories
SSA OIG Flags $4.9 Billion in Cost Savings From Unimplemented Recommendations in Annual Oversight Report
WOODLAWN, Maryland, March 5 -- The Social Security Administration's Office of the Inspector General issued the following news release:
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SSA OIG Flags $4.9 Billion in Cost Savings from Unimplemented Recommendations in Annual Oversight Report
The Social Security Administration (SSA) Office of Inspector General (OIG) recently released its annual report compilation of SSA OIG's Office of Audit recommendations that SSA had not implemented as of January 29, 2026, identifying 183 unimplemented recommendations-- representing approximately $4.9 billion in potential taxpayer savings and program improvements.
The
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WOODLAWN, Maryland, March 5 -- The Social Security Administration's Office of the Inspector General issued the following news release:
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SSA OIG Flags $4.9 Billion in Cost Savings from Unimplemented Recommendations in Annual Oversight Report
The Social Security Administration (SSA) Office of Inspector General (OIG) recently released its annual report compilation of SSA OIG's Office of Audit recommendations that SSA had not implemented as of January 29, 2026, identifying 183 unimplemented recommendations-- representing approximately $4.9 billion in potential taxpayer savings and program improvements.
Thereport finds that 94 recommendations remain open and 89 were previously reported as closed by SSA but were not implemented at the time of OIG's review.
SSA OIG estimates nearly $2.7 billion in cumulative questioned costs associated with these unresolved recommendations. Questioned costs include expenditures that may not comply with applicable laws or regulations, lack adequate documentation, or may be unnecessary or unreasonable. The report also identifies more than $2.2 billion in funds that could be put to better use if corrective actions are completed.
"These findings underscore the importance of timely implementation of audit recommendations to strengthen oversight and stewardship of American taxpayer funds," said Michelle L. Anderson, Assistant Inspector General for Audit as First Assistant. "We will continue to monitor SSA's progress and follow up on outstanding corrective actions."
In a March 3, 2025, report, SSA OIG identified 183 recommendations that SSA had reported as open. As of January 29, 2026, SSA had closed 124 of those recommendations, and OIG agreed they were appropriately resolved. Those implemented actions were associated with more than $1.9 billion in questioned costs and $10.8 billion in funds put to better use.
The annual report is intended to inform the U.S. Congress and the public about the status of audit recommendations and ongoing efforts to improve program integrity and operational efficiency at SSA.
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Original text here: https://oig.ssa.gov/news-releases/2026-03-04-ssa-oig-flags-4-9-billion-in-cost-savings-from-unimplemented-recommendations-in-annual-oversight-report/
SBA Moves to Terminate Over 620 Firms in 8 Federal Contracting Program That Refused to Turn Over Financial Data
WASHINGTON, March 5 -- The Small Business Administration issued the following news release on March 4, 2026:
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SBA Moves to Terminate Over 620 Firms in 8(a) Federal Contracting Program That Refused to Turn Over Financial Data
Nearly 20% of all 8(a) contractors removed for non-compliance after dramatic expansion under Biden-era DEI push
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Today, the U.S. Small Business Administration (SBA) initiated termination proceedings to remove 628 firms from the 8(a) Business Development Program after they refused to comply with SBA's order to turn over three years' worth of financial documents for
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WASHINGTON, March 5 -- The Small Business Administration issued the following news release on March 4, 2026:
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SBA Moves to Terminate Over 620 Firms in 8(a) Federal Contracting Program That Refused to Turn Over Financial Data
Nearly 20% of all 8(a) contractors removed for non-compliance after dramatic expansion under Biden-era DEI push
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Today, the U.S. Small Business Administration (SBA) initiated termination proceedings to remove 628 firms from the 8(a) Business Development Program after they refused to comply with SBA's order to turn over three years' worth of financial documents forreview. Last year, the SBA requested basic documents from all 4,300 8(a) contractors as part of the agency's ongoing effort to root out DEI and small business pass-through contracting abuse that proliferated across the federal government during the Biden Administration.
"After decades without oversight and amid the Biden-era DEI agenda, the 8(a) federal contracting program became rife with so-called 'socially and economically disadvantaged' firms who abused sole-source and set-aside contracts to enrich themselves with pass-through schemes," said SBA Administrator Kelly Loeffler. "Last year, we required those contractors to show us their books - and today, we're beginning the process of terminating over 620 firms who refused to comply. The message is clear: if you have something to hide, you cannot do business with the federal government. We are ending abuse and DEI discrimination in federal contracting and removing every fraudulent participant that took opportunity away from legitimate and eligible small business owners at taxpayers' expense. Our audit continues and will have more results to report, including potential investigations."
The 628 8(a) firms SBA is moving to terminate today are among the 1,091 that were initially suspended last month for refusal to comply with the agency's document request. Collectively, these firms received nearly $850 million in 8(a) contracts during the Biden Administration from Fiscal Year 2021 to 2024, including $637 million in 8(a) set-aside contracts.
Since the beginning of the Administration, the Trump SBA has worked to end discrimination and crack down on fraud within the 8(a) Program for "socially and economically disadvantaged" small businesses, which dramatically expanded during the Biden Administration as a vehicle for DEI favoritism in the federal contracting marketplace. Following last month's action moving to terminate 154 8(a) firms in the Washington, D.C. area, the SBA has now initiated termination proceedings against nearly 800 firms, or about 20% of the total 8(a) Program participants.
Under Administrator Loeffler's leadership, the SBA is working to restore integrity to the federal contracting marketplace. On Day One, the agency reduced the "Small Disadvantaged Business" contracting goal for the federal government from 15% to its statutory 5%. The Trump SBA also ended the practice of accepting firms into the 8(a) Program based solely on unsubstantiated claims and Biden-era narratives of racial discrimination. Additionally, the agency has also taken unprecedented action to crack down on fraud and abuse - launching the first audit of the 8(a) Program in its nearly 50-year history and issuing numerous suspensions and termination notices to noncompliant contractors.
The Trump SBA has taken the following actions to end DEI discrimination within the 8(a) Program and crack down on fraud and abuse:
* In February 2025, on the first day of Administrator Loeffler's term, the Trump SBA cut the Small Disadvantaged Business contracting goal back to its statutory 5% and ended the practice of approving firms based solely on unsubstantiated claims of racial discrimination.
* In June 2025, SBA launched the first-ever audit of the 8(a) Program in its nearly 50-year history - initiating an investigation into all high-dollar and limited-competition contracts going back over a period of fifteen years.
* In July 2025, the agency rescinded the independent 8(a) contracting authority of the U.S. Agency for International Development (USAID) after a DOJ investigation uncovered a $550 million bribery scheme involving several 8(a) contractors.
* That same month, SBA issued a letter of warning to all federal contracting officers, outlining the penalties for failing to report suspected fraud, waste, and abuse within the 8(a) Program.
* In October 2025, SBA suspended numerous 8(a) contractors following allegations of fraud involving more than $253 million in previously issued contract awards.
* In November 2025, SBA cleared the Biden-era backlog of 2,700 Veteran Small Business Certification (VetCert) applications, which accumulated after the prior Administration diverted all resources away from VetCert to increase certification approvals for the 8(a) Program.
* In December 2025, SBA ordered all 4,300 8(a) contractors to produce three years' worth of financial documents for review by the agency in the effort to root out pass-through abuse and fraud by shell companies.
* In January 2026, SBA suspended 1,091 contractors from participation in the 8(a) Program after they failed to submit the documents SBA requested in December.
* In February 2026, SBA initiated termination proceedings against 154 Washington, D.C.-based 8(a) firms that failed to meet "economic disadvantage" eligibility requirements to remain in the program.
* Today, SBA initiated termination proceedings against 628 8(a) firms that refused to produce three years' worth of financial documents for review by the agency.
* Additionally, the U.S. Department of War (DOW) and the U.S. Department of the Treasury have also each launched their own independent audits of the 8(a) Program.
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About the 8(a) Business Development Program
The SBA certifies small businesses considered to be socially and economically disadvantaged under its nine-year 8(a) Business Development Program. The 8(a) program helps these firms develop and grow their businesses through one-to-one counseling, training workshops and management and technical guidance. It also provides access to government contracting opportunities, allowing them to become solid competitors in the federal marketplace.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
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Original text here: https://www.sba.gov/article/2026/03/04/sba-moves-terminate-over-620-firms-8a-federal-contracting-program-refused-turn-over-financial-data
National Museum of the American Latino To Showcase Salsa Music and Celia Cruz's Iconic Costumes in New Exhibition April 18
WASHINGTON, March 5 -- The Smithsonian Institution National Museum of the American Latino issued the following news release on March 4, 2026:
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National Museum of the American Latino To Showcase Salsa Music and Celia Cruz's Iconic Costumes in New Exhibition April 18
"iPuro Ritmo! The Musical Journey of Salsa" Will Premiere in the Museum's Temporary Exhibition Space at the National Museum of American History
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The Smithsonian's National Museum of the American Latino will open "iPuro Ritmo! The Musical Journey of Salsa" Saturday, April 18, in the Molina Family Latino Gallery at the Smithsonian's
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WASHINGTON, March 5 -- The Smithsonian Institution National Museum of the American Latino issued the following news release on March 4, 2026:
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National Museum of the American Latino To Showcase Salsa Music and Celia Cruz's Iconic Costumes in New Exhibition April 18
"iPuro Ritmo! The Musical Journey of Salsa" Will Premiere in the Museum's Temporary Exhibition Space at the National Museum of American History
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The Smithsonian's National Museum of the American Latino will open "iPuro Ritmo! The Musical Journey of Salsa" Saturday, April 18, in the Molina Family Latino Gallery at the Smithsonian'sNational Museum of American History. Presented in English and Spanish, the multimedia exhibition explores the rhythm, movement and shared heritage of salsa music in the United States.
Spanning four thematic sections and featuring nearly 300 objects, "Puro Ritmo" traces salsa's roots from the dance halls of Havana to the clubs of New York City, Washington, D.C., Los Angeles and beyond. The exhibition situates salsa within major moments in U.S. history, including Caribbean migration, the evolution of jazz and the influence of Afro-Cuban rhythms on rock 'n' roll, disco and house music.
"'Puro Ritmo" tells a vital chapter of the American experience that has been shaped by movement, migration and global exchange," said Jorge Zamanillo, director of the National Museum of the American Latino. "Salsa is not simply a Latin genre; it's become a great American musical tradition."
A centerpiece of the exhibition is the presentation of five ensembles and five pairs of shoes worn by Celia Cruz, celebrated worldwide as the Queen of Salsa. Gifted by the Estate of Celia Cruz, the five dresses and a pair of shoes are now part of the Latino Museum's permanent collection. The outfits will rotate throughout the exhibition's two-and-a-half-year run, offering visitors multiple opportunities to experience Cruz's vibrant stage presence. Among the featured items are dresses dating to 1970, a cape designed by Irma Penalver and a 2002 ensemble by Willy Mena, as well as distinctive performance shoes, including pairs with dramatic cantilever heels.
In addition to Cruz, the exhibition highlights iconic figures such as Tito Puente and Eddie Palmeri, alongside influential artists, including Arsenio Rodriguez, Graciela, Ray Barretto and Willie Colon. It also explores the industry-shaping impact of Fania Records and its cofounders, Jerry Masucci and Johnny Pacheco.
Through the museum's collection and loans from Smithsonian museums, individuals and institutions, "Puro Ritmo" features objects connected to Puerto Rican music promoter Hector Maisonave, who expanded salsa's touring circuits across the United States, and to producer Harvey Averne, whose work helped elevate Latin music to Grammy-winning recognition.
As the National Museum of the American Latino continues to grow, it is deepening its collecting efforts to build a permanent collection that reflects the breadth of U.S. Latino history and culture. In the years ahead, the museum will expand its acquisitions to preserve the stories, objects and artistic legacies that define the American Latino experience.
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About the National Museum of the American Latino
Established by Congress in 2020, the Smithsonian's National Museum of the American Latino honors the dreams, challenges and triumphs of U.S. Latinos and elevates their stories within the nation's narrative. The museum also creates transformative experiences, fosters a deeper understanding of American history and culture, and connects communities nationwide. Visit the museum's exhibitions at the Molina Family Latino Gallery in the National Museum of American History or at latino.si.edu. Follow @USLatinoMuseum on Instagram, Facebook, LinkedIn and YouTube.
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Original text here: https://www.si.edu/newsdesk/releases/national-museum-american-latino-showcase-salsa-music-and-celia-cruzs-iconic
NASA Jet Propulsion Laboratory: U.S.-French Satellite Takes Stock of World's River Water
PASADENA, California, March 5 (TNSres) -- NASA Jet Propulsion Laboratory issued the following news:
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US-French Satellite Takes Stock of World's River Water
Rivers rise and fall throughout the year, but by how much? Perhaps less than previously thought, according to new data from the SWOT mission. Hidden riverbed contours are also emerging.
In a first, a space mission led by NASA and France has tracked Earth's rivers swelling and shrinking from month to month over the course of a year and found significantly less of a swing than previous model-based estimates. A record drought in the Amazon
... Show Full Article
PASADENA, California, March 5 (TNSres) -- NASA Jet Propulsion Laboratory issued the following news:
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US-French Satellite Takes Stock of World's River Water
Rivers rise and fall throughout the year, but by how much? Perhaps less than previously thought, according to new data from the SWOT mission. Hidden riverbed contours are also emerging.
In a first, a space mission led by NASA and France has tracked Earth's rivers swelling and shrinking from month to month over the course of a year and found significantly less of a swing than previous model-based estimates. A record drought in the Amazonlikely influenced the tally made by the Surface Water and Ocean Topography (SWOT) satellite. The findings also reveal new details about the underwater topography of the world's river channels.
Launched in 2022, SWOT is a collaboration between NASA and the French space agency CNES (Centre National d'Etudes Spatiales). It is the first satellite capable of surveying not only the ocean, but also nearly all the world's lakes and rivers with ultraprecision. While SWOT does not measure the absolute volume of rivers, it can track their width, surface height, and slope changing over time.
Traditionally, hydrologists have relied on models to calculate river storage changes, or they multiplied altimeter estimates of height by optical or radar estimates of width. In contrast, SWOT measures both dimensions, height and width, at the same time using its sensitive Ka-band Radar Interferometer (KaRIn) instrument to bounce microwaves off the water's surface and time how long the signal takes to return. The new study, published (https://www.nature.com/articles/s41586-026-10218-y) Wednesday in Nature, analyzed nearly 1.6 million such observations.
The analysis paints a picture of some 127,000 river segments rising and falling between October 2023 and September 2024. In aggregate, river volumes varied by almost 83 trillion gallons (313 cubic kilometers). That's about 28% less of a swing than the lowest previous estimates, a result likely skewed by extremely dry conditions during that period in the Amazon, home to Earth's largest river by volume.
New way to map river channels
Even gripped by drought, the Amazon River varied more than any other during the year, gaining and losing more than 45 trillion gallons (172 cubic kilometers) -- enough to cover the entire state of California in more than a foot of water.
More surprisingly, the world's longest river, the Nile, varied less than expected, with volumes changing by only 2.2 trillion gallons (8.5 cubic kilometers). Possible explanations include upstream damming and severe drought, along with challenges that come with learning to work with a new satellite instrument.
Cedric David, who leads the SWOT research team that conducted the work at NASA's Jet Propulsion Laboratory in Southern California, said the findings are a first look and the role of large floodplain dynamics remain to be fully determined. Still, such an accounting has been elusive until now. River gauges are sparse in areas, and some channels too remote for boat and ground surveys. Longstanding questions, such as how fast do rivers flow and how much rainwater and snowmelt runs into them, have added to the uncertainty.
"We're starting to untangle some of the really tough questions SWOT was built for," David said. "This is just the beginning."
Tracking rivers as they swell and shrink is also helping scientists visualize something that can be challenging to survey in person: the underlying shape of riverbanks and beds. Such contours influence everything from shipping to flooding but have remained largely unmapped in many places, noted Arnaud Cerbelaud, a postdoctoral research fellow at JPL who co-led the study.
The new SWOT data provides a window into river channels ranging from concave to convex, steep to gentle, and stable to highly variable. In the Amazon, Mississippi, Orinoco, Yangtze, Ganges, Mekong and Yenisei rivers, for example, observed water levels vary by more than 32 feet (10 meters) from peak to trough.
"The implications go far beyond hydrology and will help us understand how water moves through the global Earth system," Cerbelaud said.
More about SWOT
Launched in December 2022 from Vandenberg Space Force Base in California, SWOT is now in its operations phase, collecting data that will be used for research and other purposes.
The SWOT satellite was jointly developed by NASA and CNES, with contributions from the CSA (Canadian Space Agency), and the UK Space Agency. NASA's Jet Propulsion Laboratory, managed for the agency by Caltech in Pasadena, California, leads the U.S. component of the project. For the flight system payload, NASA provided the KaRIn instrument, a GPS science receiver, a laser retroreflector, a two-beam microwave radiometer, and NASA instrument operations. NASA partners at CNES provided the Doppler Orbitography and Radioposition Integrated by Satellite system, the dual frequency Poseidon altimeter (developed by Thales Alenia Space), the KaRIn radio-frequency subsystem (together with Thales Alenia Space and with support from the UK Space Agency), the satellite platform, and ground operations. The KaRIn high-power transmitter assembly was provided by CSA. NASA provided the launch vehicle and the agency's Launch Services Program, based at Kennedy Space Center in Florida, managed the associated launch services.
To learn more about SWOT, visit:
https://swot.jpl.nasa.gov/
-- Sally Younger
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Original text here: https://www.jpl.nasa.gov/news/us-french-satellite-takes-stock-of-worlds-river-water/
Inter-American Development Bank: Exhibition - 'Paraguay - A Living Constellation of Memory'
WASHINGTON, March 5 -- The Inter-American Development Bank issued the following news release:
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New Exhibition: 'Paraguay: A Living Constellation of Memory'
The Inter-American Development Bank Group (IDB Group) presents the exhibition "Paraguay: A Living Constellation of Memory" at the IDB ArtLAC Gallery, located at its headquarters in Washington, D.C.
In the context of the 2026 Annual Meetings of the Group in Asuncion, Paraguay, the exhibition proposes a plural reading of the country through artistic practices, memories, and forms of knowledge that coexist across time, territory, and community
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WASHINGTON, March 5 -- The Inter-American Development Bank issued the following news release:
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New Exhibition: 'Paraguay: A Living Constellation of Memory'
The Inter-American Development Bank Group (IDB Group) presents the exhibition "Paraguay: A Living Constellation of Memory" at the IDB ArtLAC Gallery, located at its headquarters in Washington, D.C.
In the context of the 2026 Annual Meetings of the Group in Asuncion, Paraguay, the exhibition proposes a plural reading of the country through artistic practices, memories, and forms of knowledge that coexist across time, territory, and communitylife.
Bringing together works by multiple generations of Paraguayan artists, members of the diaspora, and creators whose practices engage with the country's histories and symbolic landscapes, the exhibition combines modern and contemporary artworks with traditional ceramics and textiles. The presentation includes works from the IDB Art Collection and the Art Museum of the Americas (AMA) of the Organization of American States (OAS).
Art is presented as a living archive, as a ritual, and as a collective practice. Materials such as clay, thread, paper, image, and language reveal modes of cultural transmission in which memory is embodied, knowledge is shared, and creation is closely linked to everyday life and territory. Artistic practice is understood as a product of broader social and cultural development processes, rooted in community knowledge, shared labor, and intergenerational exchange.
These relationships become visible through encounters between works and collections. A handmade nanduti textile dialogues with works by Elmer Calata, which reinterpret textile traditions through a contemporary lens, and with the practice of Claudia Casarino, who explores the body, fabric, and medicinal plants as spaces of care and memory. Wood and mixed-media works by Carlos Colombino and Bernardo Miguel Krasniansky Adler, drawn from the AMA and IDB collections, reflect a curatorial exchange grounded in material experimentation and historical memory. The constellation expands further through ceramics that evoke domestic life and shared rituals, as well as etchings by Miriam Rudolph depicting everyday scenes and market spaces.
By bringing these voices together, the exhibition invites reflection on how art can activate new ways of understanding history, identity, and collective experience, positioning Paraguay not as a single narrative, but as a living process in continuous reconfiguration.
Open until May 2026
Monday-Friday, 11:00 a.m. - 6:00 p.m.
IDB ArtLAC Gallery
1300 New York Ave. NW
Washington. D.C.
Free admission
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About the IDB
The Inter-American Development Bank (IDB), a member of the IDB Group, is devoted to improving lives across Latin America and the Caribbean. Founded in 1959, the Bank works with the region's public sector to design and enable impactful, innovative solutions for sustainable and inclusive development. Leveraging financing, technical expertise, and knowledge, it promotes growth and well-being in 26 countries.
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Original text here: https://www.iadb.org/en/news/new-exhibition-paraguay-living-constellation-memory
IDB Group Approves New Country Strategy 2026-2030 for Belize to Boost Growth and Private-Sector Investment
WASHINGTON, March 5 -- The Inter-American Development Bank issued the following news release:
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IDB Group Approves New Country Strategy 2026-2030 for Belize to Boost Growth and Private-Sector Investment
The Inter-American Development Bank Group (IDB Group) approved the new country strategy for Belize for 2026-2030. Aligned with Belize's National Development Plan "Plan Belize 2.0", the strategy aims to support sustained inclusive growth and fiscal stability through increased private-sector-led investment.
On the backdrop of a strong performance supported by fiscal consolidation and natural-capital-based
... Show Full Article
WASHINGTON, March 5 -- The Inter-American Development Bank issued the following news release:
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IDB Group Approves New Country Strategy 2026-2030 for Belize to Boost Growth and Private-Sector Investment
The Inter-American Development Bank Group (IDB Group) approved the new country strategy for Belize for 2026-2030. Aligned with Belize's National Development Plan "Plan Belize 2.0", the strategy aims to support sustained inclusive growth and fiscal stability through increased private-sector-led investment.
On the backdrop of a strong performance supported by fiscal consolidation and natural-capital-basedsectors-tourism, agriculture and marine industries, the new strategy prioritizes strengthening the blue economy as a key engine of competitiveness and long - term growth in Belize. The strategy positions Belize to address three interconnected priorities:
* Enhancing Institutional Capacity: strengthening fiscal sustainability by improving tax administration, modernizing public financial management, advancing digital government, and reinforcing public-private partnership frameworks.
* Strengthening Human Capital: addressing structural gaps in education and skills by scaling STEAM education, modernizing vocational education and training (TVET), and reducing skills mismatches in the labor market.
* Boosting Private Sector Competitiveness: investing in resilient energy infrastructure and pursuing universal access to electricity while expanding access to finance for micro, small, and medium-sized enterprises (MSMEs).
A core component of the strategy is the protection of Belize's reef ecosystem, through a national water and sanitation program, ensuring the sustainability of tourism and agro-industries, the backbone of the country's growth.
"This new country strategy represents IDB Group's commitment in supporting Belize's growth. "The ridge-to-reef" approach is at the center of the strategy ensuring the creation of opportunities for the people of Belize," said Karla Gonzalez, IDB Group Country Representative for Belize. "By focusing on its natural capital as the motor for prosperity, Belize's blue economy can boost livelihoods of all Belizeans."
"This new IDB country strategy supports our vision under Plan Belize 2.0 to build a more resilient and inclusive Belize," said Belize's Prime Minister and Minister of Finance, Investment, Economic Transformation, Civil Aviation and E-Governance, John Briceno. "It advances our long-term goals for universal access to essential services, climate-resilient growth, and sustainable opportunity for all Belizeans."
The strategy's focus on Belize's blue and green economy recognizes the country's unique position as a nation with significant marine resources and biodiversity, positioning sustainable economic growth at the intersection of environmental stewardship and economic opportunity.
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About the IDB Group
The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for improving lives in Latin America and the Caribbean. It comprises the IDB, which works with the region's public sector and enables the private sector; IDB Invest, which directly supports private companies and projects; and IDB Lab, which spurs entrepreneurial innovation.
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Original text here: https://www.iadb.org/en/news/idb-group-approves-new-country-strategy-2026-2030-belize-boost-growth-and-private-sector-investment
FHLBanks Price $1 Billion 2-Year Global
WASHINGTON, March 5 -- The Federal Home Loan Bank System Office of Finance issued the following news release:
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FHLBanks Price $1 Billion 2-Year Global
The FHLBanks have priced the $1 billion 2-year Global as follows:
Leads: Barclays Capital Inc., Deutsche Bank Securities Inc., and Wells Fargo Securities, LLC.
Distribution Group: 6 Firms
CUSIP: 3130B9RC6
Pricing Date: 3/4/2026
Settlement: 3/5/2026
Maturity: 3/3/2028
Treasury Yield: 3.510%
Spread: 3.5 bps
Yield: 3.545%
Price: 99.914
Coupon: 3.50%
Interest Payments: March 3 and September 3, beginning on September 3, 2026 (short
... Show Full Article
WASHINGTON, March 5 -- The Federal Home Loan Bank System Office of Finance issued the following news release:
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FHLBanks Price $1 Billion 2-Year Global
The FHLBanks have priced the $1 billion 2-year Global as follows:
Leads: Barclays Capital Inc., Deutsche Bank Securities Inc., and Wells Fargo Securities, LLC.
Distribution Group: 6 Firms
CUSIP: 3130B9RC6
Pricing Date: 3/4/2026
Settlement: 3/5/2026
Maturity: 3/3/2028
Treasury Yield: 3.510%
Spread: 3.5 bps
Yield: 3.545%
Price: 99.914
Coupon: 3.50%
Interest Payments: March 3 and September 3, beginning on September 3, 2026 (shortfirst coupon)
Preliminary distribution information will be available on www.fhlb-of.com.
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This announcement is neither an offer to sell, nor a solicitation of offers to buy, these securities. Distribution estimates are based on order book composition for syndicated issues furnished to the Office of Finance by underwriters at the time of securities pricing and may not reflect the current distribution of securities. The Office of Finance does not independently validate submitted data.
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Original text here: https://fhlb-of.com/ofweb_userWeb/resources/PR2026-0304-GlobalPricing.pdf
