Viewing a single comment thread. View all comments

Shin-ei t1_izxs1jy wrote

Reply to comment by ProfBU in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU

Thank you! At what point in your service did you realize the FHLBs were largely irrelevant?

3

ProfBU OP t1_izxtfdt wrote

I advocated fro change from the beginning. Their irrelevance became apparent to me when members ceased taking advances and their AHP numbers plummeted. Along the way I asked, "How is the FHLB of Boston promoting housing?" The answer from management was unsatisfactory.

11