FHLBanks Have 4Q Loss, But Profit for Full Year ‘08
April 22, 2009
As Inside The GSEs was going to press, the FHLBank Office of Finance released its combined financial report for the 12 Federal Home Loan Banks, reporting a collective loss of $715 million for the fourth quarter, versus combined net income of $846 million for the same period the year before. However, the Banks still were able to show a profit for full-year 2008, reporting a collective...