Commercial banks’ borrowing from the Federal Home Loan Bank
AbstractSince 1990, when commercial banks were first eligible to join the Federal Home Loan Bank System, they have become an important constituency of the FHLBs. Currently, seven out of 10 banks are members, and nearly half of all banks have advances outstanding. Given the wide range of activities that commercial banks can engage in, this Commentary asks whether FHLB lending to them is consistent with their traditional housing finance mission, with the Gramm-Leach-Bliley extension of their mission to provide liquidity support to community banks, or with both.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (2002)
Issue (Month): Jul ()
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- W. Scott Frame & Diana Hancock & Wayne Passmore, 2007.
"Federal Home Loan Bank advances and commercial bank portfolio composition,"
Finance and Economics Discussion Series
2007-31, Board of Governors of the Federal Reserve System (U.S.).
- W. Scott Frame & Diana Hancock & Wayne Passmore, 2012. "Federal Home Loan Bank Advances and Commercial Bank Portfolio Composition," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(4), pages 661-684, 06.
- W. Scott Frame & Diana Hancock & Wayne Passmore, 2007. "Federal Home Loan Bank advances and commercial bank portfolio composition," Working Paper 2007-17, Federal Reserve Bank of Atlanta.
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