Top Tweets for #FHLSB

Lender of Next to Last Resort Headline Alert: “Federal Home Loan Bank System issued $304 billion in debt last week, according to a person familiar with the matter, who asked not to be identified discussing non-public data. That’s almost double the $165 billion that liquidity-hungry lenders tapped from the Federal Reserve. The FHLBs are a Depression-era backstop originally created to boost mortgage lending. The system, now a key source of cash for regional banks, is known as the “lender of next-to-last resort” — a play on the nickname for the Federal Reserve’s discount window.”