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  • Comment Detail

  • Date: 07/15/24
    First Name: Don
    Last Name: Meyer
    Email: dmeyer@ourpsb.com
    Organization Type: organization
    Organization: Peoples Savings Bank of Rhineland

  • Comment

    I believe the mission of the FHLBs is clear and does not need to be changed or clarified beyond what was outlined in statute.

    The FHLB System has successfully carried out both aspects of its mission—to provide liquidity to members and to provide affordable housing and community development—in a safe and sound manner through all economic cycles

    Creating additional requirements that raise the cost or restrict FHLB advances to members in good standing with eligible collateral will only reduce the availability of mortgage credit or community development funding.