FEDERAL HOME LOAN BANKS ARE 'ROCK SOLID'

"Too Much Like Fannie and Freddie?" (What's Next, Nov. 17) says Federal Home Loan Banks have incentives to lend irresponsibly. That's wrong. The member banks in our system remember that maintaining Americans' confidence in the system is Job No. 1. That's why not one of the 12 has experienced a ...

While 88 percent of state chartered banks in Minnesota retain CAMELS ratings of 1 or 2, the state's top bank regulator said industry conditions have deteriorated in the last year. Kevin Murphy, Minnesota Deputy Commissioner of Commerce, said the list of troubled banks is up by a dozen from a year ago. Murphy spoke at a seminar hosted by ...

TOO MUCH LIKE FANNIE AND FREDDIE?

Fannie Mae and Freddie Mac were controversial for years before they fell into government conservatorship this year. But few people have considered the risks posed by the Federal Home Loan Bank System (FHLB), even though it occupies the same gray area between the public and private sectors.
Created by Congress in 1932 to bolster ...