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  • Comment Detail

  • Date: 03/02/23
    First Name: Kevin
    Last Name: Ryan
    Email: kevin.ryan@fhlbboston.com
    Organization Type: fhlbank
    Organization: FHLBank Boston

  • Comment

    The system is currently member focused. I believe the system is better used if focus shifts to housing and community development to address the crises of housing and wealth inequality. The system may be the entity in the best position to address these crises.

    I suggest:
    - 20-25% of earnings be allocated to housing and community development or for the amount to be more in line with corporate tax rates
    - Membership to be tiered into large and small financial institutions ($1B). Large institutions get a smaller dividend, less favorable advance terms, Small institutions get larger dividend, more favorable advance terms, CDFIs or members with greatest community development record get largest dividend and most favorable advance terms.