Key insight: Insurance company borrowing from the Federal Home Loan banks hit a record $177.8 billion last year, a 10% jump from borrowing levels in 2024, which itself was a 13% increase over 2023. What’s at stake: Insurers are utilizing “spread investing” programs to secure low-cost cash advances from the system and reinvest into higher-yielding […]
Is private credit a new risk for the Federal Home Loan banks? Read More »
Key Insight: Cash loans made by the Federal Home Loan Banks dipped in the third quarter versus a year ago. What’s at Stake: Experts looking for insight into the economy cautioned against interpreting the dip as a sign of abundant liquidity. Expert Quote: “I don’t think this is a sign that the financial system is
Federal Home Loan Bank advances to member banks dip in Q3 Read More »
William Pulte, director of the Federal Housing Finance Agency.Bloomberg News WASHINGTON — The Federal Housing Finance Agency, led by Bill Pulte, took an unusual step by reducing the number of Federal Home Loan Bank board director seats at most of the 11 Federal Home Loan Banks, with the steepest reductions at institutions located in heavily-Democratic
Exclusive: Pulte slashes Federal Home Loan Bank board seats Read More »
Federal Reserve Gov. Christopher Waller.Bloomberg News Federal Reserve Gov. Christopher Waller said the central bank does have a problem with income losses, but interest paid on reserves are not to blame. In a speech delivered at the Federal Reserve Bank of Dallas on Thursday, Waller made the case that the true source of the Fed’s
Waller says QE to blame for Fed losses on reserve interest Read More »