WASHINGTON—In what it said is an effort to “get credit unions thinking” about how they use the Federal Home Loan Bank system as well as the implications of a new report, CUNA has release what is it calling a detailed analysis.
CUNA’s said its summary pairs FHFA’s objectives identified in the report with FHFA’s corresponding recommendation.
“It should be noted that the recommendations in the report will require future action and that the report, by itself, does not implement any changes in the FHLBank System,” according to the CUNA analysis. “With the release of the Fall 2023 regulatory agenda, we will get a better sense of how quickly FHFA intends to move on some of the recommendations in the report.”
‘Four Lenses’
According to the FHFA, the report looks at the future of FHLBanks through four lenses:
- Mission of the FHLBanks
- FHLBanks serving as a stable and reliable source of liquidity
- FHLBanks supporting housing and community development
- Efficient operation and governance of the FHLBanks
“The objectives and recommendations in CUNA’s analysis are sorted by these principles,” CUNA said.
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