The decline in advances was concentrated among top-tier borrowers, due to their disproportionate share of FHLB borrowing. (Includes data chart.)

The FHFA director said Fannie Mae and Freddie Mac may fully exit conservatorship as early as 2022. Meanwhile, on FHLBank membership to non-banks, Calabria said the agency will soon be putting out a request for information.

Although six of the 11 FHLBs increased the share of women in senior management, at three banks the share of women actually declined.

The Washington State Supreme Court has revived FHLB Seattle’s lawsuits against Credit Suisse and Barclays over crisis-era RMBS.

REITs have long sought access to the FHLB system — particularly to the low rates at the advance window. The recent Treasury recommendation may finally give those aspirations new hope.

The Federal Home Loan Bank System saw a 21.2% decline in earnings during the second quarter of 2019.

Former FLHB-Dallas executives have admitted to charging the bank $1.2 million for fraudulent travel expenses and unclaimed vacation time.

Larger banks pull back on advances as mortgage lending cools.

In October, the Federal Home Loan Bank of San Francisco reached a $3.6 million settlement with two former executives in its Washington, DC, office of legislative and regulatory affairs who claimed they were the victims of racial discrimination. There’s just one problem: Despite apparently reaching an agreement during mediation, the bank didn’t pay up.