Suchergebnisse

Financial support from the Spanish Ministry of Economy and Industry via Projects ECO2015-66184-R and MCI-20-PID2019-108503RB-100, and the Regional Government of Asturias via the "Severo Ochoa" Programme (PA-17-PF-BP16017) is gratefully acknowledged.

A letter report issued by the General Accounting Office with an abstract that begins "The Federal Home Loan Bank System's (FHLBank System) traditional approach to providing community and housing finance through 12 regional FHLBanks faces continual challenges due to consolidation in the financial services industry and the emergence of mortgage lenders with nationwide operations. In addition, the Federal Housing Finance Board (FHFB), the System's financial regulator, is analyzing the benefits and costs of potential changes to the System's membership rules that would make it easier for financial institutions to join multiple FHLBank districts (referred to as multidistrict membership). To provide information that would be helpful in assessing the potential safety and soundness implications of these developments, GAO was asked among other items to (1) determine whether key differences exist in the terms--such as interest rates and collateral requirements--that FHLBanks make on loans, also known as advances, to member financial institutions such as banks and thrifts and (2) discuss FHFB's oversight of the FHLBanks and safety and soundness data reporting requirements."