The FHLBank System’s net income was off 10.4% for the full year despite a 29.5% spike in the fourth quarter. The bulk of that decline was due to lower net interest income, which dropped 10.9% in 2019. (Includes data chart.)

The Federal Housing Finance Agency is seeking feedback on what financial requirements should be enforced for FHLB membership.

According to court filings, beginning in 2016, the FHLB-SF developed a proposal for the bank to purchase one of the GSEs. To assist in the process, the bank also engaged the services of McKinsey Consulting.

Two former employees of FHLBank of San Francisco can pursue a lawsuit for breach of contract, a DC district court ruled this week.

The severity of some of the proposals in FHFA’s request for information on PACE financing suggests the agency intends to take some drastic steps.

The proposed rule seeks to modify the minimum thresholds, frequency and number of scenarios required to bring the stress test rule for regulated entities in line with new rules that apply to other financial institutions.

The decline in advances was concentrated among top-tier borrowers, due to their disproportionate share of FHLB borrowing. (Includes data chart.)

The FHFA director said Fannie Mae and Freddie Mac may fully exit conservatorship as early as 2022. Meanwhile, on FHLBank membership to non-banks, Calabria said the agency will soon be putting out a request for information.

Although six of the 11 FHLBs increased the share of women in senior management, at three banks the share of women actually declined.

The Washington State Supreme Court has revived FHLB Seattle’s lawsuits against Credit Suisse and Barclays over crisis-era RMBS.