Federal Home Loan Banks: Role in the Spring 2023 Bank Failures

On July 21, 2026, Jill Naamane, Director, U.S. Government Accountability Office, testified on the Federal Home Loan Banks’ role in providing liquidity, particularly during financial stress.

Our testimony, given before the House Committee on Financial Services, Subcommittee on Housing and Insurance, is based on:
• FEDERAL HOME LOAN BANKS: Actions Related to the Spring 2023 Bank Failures
• FEDERAL HOME LOAN BANKS: Role During Financial Stress and Members’ Borrowing Trends and Outcomes