FHLBank System:

Reforms Needed to Promote Its Safety, Soundness, and Effectiveness

T-GGD-95-244: Published: Sep 27, 1995. Publicly Released: Sep 27, 1995.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO discussed the reforms needed to promote safety, soundness, and effectiveness within the Federal Home Loan Bank (FHLBank) System. GAO noted that: (1) the biggest obstacles to effective FHLBank reform are the Resolution Funding Corporation (REFCorp) and the Affordable Housing Program (AHP) annual System obligations; (2) activities undertaken to increase System income to pay the obligations may have increased the extent of risk in the System; (3) the fixed nature of the obligations may inhibit potential improvements in the capital structure, and complicate possible moves toward consolidation; (4) required capital is not tied to the risks each FHLBank incurs and it is impermanent; (5) a risk-based capital requirement would allocate capital on the basis of credit risk and a retained earnings requirement would provide a buffer for interest rate risk undertaken by a FHLBank; and (6) administrative control of AHP along with other management functions should be devolved to FHLBanks rather than to the Federal Housing Finance Board.

Sep 20, 2017

Sep 12, 2017

  • budget icon, source: GAO

    Centers for Medicare and Medicaid Services:

    Analysis of Contracting Data
    GAO-17-735SP: Published: Sep 12, 2017. Publicly Released: Sep 12, 2017.

May 3, 2017

Jan 18, 2017

Jan 17, 2017

Jan 12, 2017

Dec 20, 2016

Dec 8, 2016

  • budget icon, source: GAO

    State and Local Governments' Fiscal Outlook:

    2016 Update
    GAO-17-213SP: Published: Dec 8, 2016. Publicly Released: Dec 8, 2016.

Dec 1, 2016

Nov 17, 2016

Looking for more? Browse all our products here