Congressional Budget Office: 'Role of Federal Home Loan Banks in Financial System' (Part 1 of 2)
March 16, 2024
March 16, 2024
WASHINGTON, March 16 (TNSrep) -- The Congressional Budget Office issued the following report on March 7, 2024, entitled "The Role of Federal Home Loan Banks in the Financial System."
Here are excerpts:
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At a Glance
In 1932, lawmakers created a system of Federal Home Loan Banks (FHLBs) as a government-sponsored enterprise (GSE) to support mortgage lending by the banks' member institutions. The 11 regional FHLBs raise funds by issu . . .
Here are excerpts:
* * *
At a Glance
In 1932, lawmakers created a system of Federal Home Loan Banks (FHLBs) as a government-sponsored enterprise (GSE) to support mortgage lending by the banks' member institutions. The 11 regional FHLBs raise funds by issu . . .