

Inside FHLB: Ryan Donovan Talks Liquidity, Housing, and Credit Union Opportunities
9 snips May 20, 2025
Ryan Donovan highlights the essential role of the Federal Home Loan Bank (FHLB) system in providing liquidity to credit unions, which is crucial for community support. He discusses the historical context and mission of FHLB, emphasizing its contributions to affordable housing. The conversation compares FHLB with the Federal Reserve, illustrating their distinct functions. Donovan encourages credit unions, especially smaller ones, to join FHLB for enhanced growth and stability while nurturing member relationships.
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FHLB Connects Wall Street to Main Street
- The Federal Home Loan Bank (FHLB) system was created in 1932 to provide liquidity to financial institutions nationwide.
- It connects Wall Street to Main Street daily, supporting local lenders like credit unions through member-owned financial cooperatives.
Liquidity Is Life
- Liquidity is essential and often unnoticed until critically needed, similar to oxygen or water.
- FHLB provides daily liquidity support, unlike the Federal Reserve's role as a lender of last resort.
FHLB vs Federal Reserve Roles
- The FHLB system and Federal Reserve serve complementary liquidity roles.
- FHLBs support members daily and can scale in crises, akin to credit unions' consistent member support.