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  • Comment Detail

  • Date: 07/15/24
    First Name: Brent
    Last Name: Woodruff
    Email: bwoodruff@pilgrimbank.bank
    Organization Type: other
    Organization: PILGRIM BANK (145 EAST MARSHALL STREET PITTSBURG TX)

  • Comment

    • Pilgrim Bank believes 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.