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Bloomberg Businessweek Weekend - June 9th, 2023
Bloomberg Businessweek
The Federal Home Loan Bank System: Funding Risky Endeavors
14min Snip
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This chapter explores the role and evolution of the Federal Home Loan Bank (FHLB) system, originally created during the Great Depression. It discusses how the FHLB system assists banks with liquidity management and various financial operations unrelated to housing, but raises concerns about oversight and the use of borrowed funds. The chapter also highlights the involvement of the FHLB system in the financial health of Silicon Valley banks and the frustration with executive bonuses amidst financial troubles.
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