by Council of FHLBanks | Sep 17, 2021 | Affordable Housing Program, FHLBanks, Press Releases
In 2020, the Federal Home Loan Banks contributed nearly $400 million towards affordable housing, supporting 41,511 housing units across more than $6.5 billion of project development cost. This support was made possible through the FHLBanks’ Affordable Housing Program,...
by Council of FHLBanks | Aug 31, 2021 | FHLBanks, Press Releases
Insurance companies are finding value in the Federal Home Loan Bank (FHLBank) System, with membership – and the use of advances – increasing steadily over the last decade. Insurance company membership in the FHLBank System has grown at an annual compound rate of 8.6%...
by Council of FHLBanks | Apr 23, 2020 | FHFA, FHLBanks, Press Releases
The 11 Federal Home Loan Banks (FHLBanks) submitted a letter to the Federal Housing Finance Agency’s (FHFA) request for input related to FHLBank membership. In their letter to Deputy Director Andre D. Galeano, the banks noted that “any expansion of membership should...
by Council of FHLBanks | Apr 1, 2020 | FHLBanks, Press Releases
As the novel coronavirus expands its impact in the U.S. and across the globe, the Federal Home Loan Banks are functioning well and are continuing to support our member financial institutions and the communities they serve. In addition, many FHLBanks’ employees are...
by Council of FHLBanks | Mar 19, 2020 | FHLBanks, Press Releases
Council President and CEO John von Seggern sent a letter to lawmakers to report that the 11 Federal Home Loan Banks are “fully operational” and are “proactively communicating with their 6,700 aggregate member financial institutions to ensure smooth and effective...
