FHLBanks Balk at Registering Debt with SEC, Cite Competitive Disadvantage with Other GSEs
January 24, 2003
The Federal Home Loan Banks are fuming over new signals from the Securities and Exchange Commission that they should voluntarily agree to register their massive debt security offerings with the agency. In particular, the FHLBanks are balking at the notion that they should register their debt with the government while fellow government-sponsored enterprises Fannie Mae and Freddie Mac continue to remain exempt