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  • Comment Detail

  • Date: 07/15/24
    First Name: Kevin
    Last Name: Miller
    Email: kevin.miller@profilebank.com
    Organization Type: other
    Organization: Profile Bank

  • Comment

    To be very simple in my RFI comment, Profile Bank, like most community financial institutions, has been a member of the FHLB since 1932. The FHLBanks are a key system in the Unites States' financial structure. Community FIs thrive because of the success and always-available-liquidity of the FHLBs. In times of even significant market turmoil, the FHLB system is a vital, dependable resource every single time in history. That is not coincidence or accidental. The system as structured simply works.

    Each member, and each FHLB across the US is important to the continuing success of the FHLB system, and its ability to fund Affordable Housing development and numerous beneficial lending programs via each and every FHLB. The FHFA should take pride in its FHLB System, and work to maintain its effectiveness.

    Just as the Mission is well stated as being a liquidity resource, and provider of affordable housing resources.