Despite assurances from Securities and Exchange Commission officials to the contrary, advocates for Federal Home Loan Bank System members remain skeptical that a plan to have all 12 FHLBanks register their stock with the SEC won’t cause market and regulatory disruptions. “That has been their approach all along, saying everything will be fine. But, as we indicated in [an earlier] letter, they are not in the position to provide us with iron-clad guarantees,” said