FHLBank Discount Note Issuance Exceeds All of 2007
September 17, 2008
After zooming to a new monthly record high of $237.77 billion in July, Federal Home Loan Bank debt issuance turned the volume down just a notch in August, registering $219.7 billion for the month, still a healthy level of activity. That helped the FHLBanks smash the record of $1.70 trillion in debt issuance for the entire year of 2007 – with four months left... [Includes one chart]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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