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Home » Store » News » Accounting Plays Role in Program Cancellation

Accounting Plays Role in Program Cancellation

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Concerns over pricing and complicated accounting standards recently spurred the Federal Home Loan Bank of Topeka to revise its funding policies for member advances. The GSE decided in September to abolish its three-year old commitment program, which allowed members to lock in interest rates for as much as 180 days on future advances in exchange for a service fee. According to Bank officials, members commonly sought commitments in order to hedge interest risks when
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