Federal Home Loan Banks’ Purpose Called Into Question as Advances Drop

National Mortgage News, Apr. 4, 2022–Kate Berry (subscription)
As banks rack up record levels of deposits, the Federal Home Loan banks’ core business of providing liquidity to member institutions is drying up, leading some critics to question the institutions’ long-term viability.
https://www.nationalmortgagenews.com/news/federal-home-loan-banks-face-criticism-calls-for-independent-advisory-committee