FHLBank System at 100: Focusing on the Future

In August 2022, the Federal Housing Finance Agency (FHFA) launched the FHLBank System at 100: Focusing on the Future initiative, the first comprehensive review of the Federal Home Loan Bank System (System) in decades.

Throughout this process, FHFA undertook a significant analysis of changes that might be warranted to ensure the 11 Federal Home Loan Banks (FHLBanks) are well positioned to fulfill their mission in the years ahead. The initiative involved significant stakeholder outreach, a historical review of the role of the FHLBanks and detailed analysis of both the strengths and areas for improvement in the System’s current structure.

FHFA’s vision for the future is to have an effectively governed System that efficiently provides stable and reliable funding to creditworthy members and delivers innovative products and services to support the housing and community development needs of the communities its members serve, all in a safe and sound manner.

More than 230 people spoke at listening sessions held by FHFA or participated in one of the 19 regional roundtable discussions. Nearly 600 stakeholders provided written input. Early in the process, 2022 NAHB Chairman Jerry Konter spoke at a listening session, and NAHB submitted written recommendations for consideration.

In the report released today, FHFA presents the actions that it plans to pursue in service of this vision.

The report categorizes these actions under four broad themes. The themes are:

1. Mission of the FHLBank System
2. Stable and reliable source of liquidity
3. Housing and community development
4. FHLBank System operational efficiency, structure, and governance