The Role of Federal Home Loan Banks in the Financial System

Congressional Budget Office

No 59712, Reports from Congressional Budget Office

Abstract: Lawmakers created Federal Home Loan Banks (FHLBs) as a government-sponsored enterprise (GSE) to support mortgage lending by the banks’ member institutions, which include commercial banks and insurance companies. This report describes the role of FHLBs in financial markets, their financial condition, the value of the federal subsidies they receive, and the risks they pose. CBO estimates that because of their GSE status, FHLBs will receive subsidies in fiscal year 2024 totaling $7.3 billion (the central estimate, with a plausible range of $5.7 billion to $8.9 billion).

JEL-codes: G18 G21 G22 G23 G28 (search for similar items in EconPapers)
Date: 2024-03-07
New Economics Papers: this item is included in nep-ban and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:cbo:report:59712

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