Federal Home Loan Banks Boost MBS Holdings in Early 2004; San Francisco Ranks First
June 18, 2004
The Federal Home Loan Banks appear to have found their appetite for mortgage securities, as growth reported in the first three months of 2004 outstripped last year’s gains by nearly three fold. According to data gathered by Inside MBS & ABS, the FHLBanks’ investment in agency and non-agency securities surged $4.4 billion during the first quarter of this year. In comparison,