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Federal Home Loan Bank System Resources

FHLB Stock: No ‘OTTI’ ABA, which has received a number of questions on “other than temporary impairment” relating to Federal Home Loan Bank stock, has created a paper that analyzes the issue. FHLB stock is evaluated under different accounting rules than other types of investments because it does not have a market value and generally is viewed as a long-term investment. Banks are concluding that there is no impairment of the FHLB stock, and the ABA issue paper analyzes the information that banks have used to reach that conclusion. FHLB Collateral Plans Model Letter to Federal Housing Finance Board on New Collateral Rules Federal Home Loan Bank New Collateral Talking Points FHLB Capital Plans Federal Home Loan Bank Capital Plans -- Summary (PDF) ABA White Paper on Federal Home Loan Bank Capital 8/22/06 (PDF) Fitzgerald & Kozlowski, "New FHLB Capital Rules and Their Impact on Member Banks," Bank Asset/Liability Management, Aug. 2006 (PDF) Proposed Capital Rules for the Federal Home Loan Banks (6/1/00) Second ABA Letter on Capital Rules for Federal Home Loan Banks (11/20/00) First ABA Letter on Capital Rules for Federal Home Loan Banks(10/12/00) (PDF) Multi-District Membership Federal Home Loan Bank Capital and Multi-District Membership (2/02) (PDF) Other FHLB Issues Rob Blackwell, Board Forcing FHLB Stock Registration, American Banker (9/3/03) Federal Home Loan Bank Convertible Advances (2/03) (PDF) Trade Association Letter to FHFB Chairman Korsmo (11/22/02) (PDF) Federal Home Loan Bank Reforms in the Gramm-Leach-Bliley Act (2/01) Federal Housing Finance Board Proposal Regarding Mission (5/3/00)

Questions? Please contact Joe Pigg, (202) 663-5480 for more information.