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Home » Store » News » FHLBank Problems Echo on Capitol Hill

FHLBank Problems Echo on Capitol Hill

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Newspaper headlines added fuel to the political fire last week as federal lawmakers grilled the chairman of the Federal Housing Finance Board about whether recent financial troubles at two Federal Home Loan Banks indicated a lack of supervision. During a hearing last week before the House Financial Services Committee, Finance Board Chairman John Korsmo was questioned about reports that the FHLBank of Pittsburgh had dipped into retained earnings to pay out dividends last month.
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