FHLBanks Increased Reliance on Mortgage Investments to Prop Up Income During 2003
March 26, 2004
The Federal Home Loan Banks, which are looking for ways to boost income while serving their members, are buying up mortgages in a big way. According to new numbers released by the FHLBanks’ Office of Finance, the mortgage holdings of the Banks jumped 87.3 percent last year – from $60.55 billion to $113.44 billion. As recently as 1999, the 12 FHLBanks collectively held