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  • Comment Detail

  • Date: 03/08/23
    First Name: Chris
    Last Name: Ryan
    Email: chrisr@fsbbyron.com
    Organization Type: other
    Organization: First Security Bank

  • Comment

    I'm writing to voice concerns on a couple aspects of potential changes to the FHLB system. I do not believe large banks should no longer be allowed to participate in the system. We are a very small bank in the US and in the FHLB system but we do rely on stability in pricing and in the market that I believe large banks provide. Their share of the funding in the US dwarfs all of us smaller banks and we need that stability to survive.
    Secondly, I do not believe new members such as mortgage companies, REIT's, insurance companies, etc, should be allowed into membership of the FHLB system. I believe this brings way too much risk to the system and opens it up for potential losses that will effect the entire financial system.