Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (11/29/2010)
* WASHINGTON (11/30/10)--Demand for Federal Home Loan Bank (FHLB) advances fell to $402 billion in the third quarter, their lowest point since 1999. The 10-year low prompts questions about the system’s future at a time when the Federal Reserve Board has made efforts to create liquidity in the economy, according to industry experts (American Banker Nov. 29). Advances are a core business of home loan banks. Attempts to reach into other areas, such as mortgage loan purchasing and mortgage-backed securities investments, have resulted in losses at several home loan banks. Karen Shaw Petrou, managing partner at Federal Financial Analytics Inc., said the FHLBs are experiencing difficulties in providing funding to insured depositories. Banks, in turn, attempted to increase earnings with investments, only to experience losses. These developments raise questions as the Obama administration puts together its housing reform package, said the Banker. Banks argue that the drop in advances is a natural part of the cycle resulting from FHLBs’ role in providing liquidity during the recent financial crisis …


RSS print
News Now LiveWire
#NewsNow: 21 CUs recieve more than $27M as part of CDFI Fund's FY2014 awards. http://t.co/2oZHLNqUTY
27 minutes ago
Read @CUNA 's #NewsNow on @TheNCUA 's McWatters' top action priorities: http://t.co/nyHEsWvvWm
56 minutes ago
Reg relief,transparency, accountability,supporting low-income CU members,promoting diversity R some priorities of @TheNCUA bd mmbr McWatters
1 hours ago
.@CUANYtweets reminds NY #creditunions to submit stories for 2014 MORE Report
1 hours ago
New Calif law OKs e-filng of weekly deposit reports, eases #creditunion stressor See #NewsNow http://t.co/slhaUDNdYH
2 hours ago