Documents

Documents

• Documents – Index

• 2022 1031 – Letter – United Food and Commercial Workers International Union to Federal Housing Finance Agency – Re: FHLBank System at 100: Focusing on the Future – 10p
  • As private equity companies step up their acquisition of life insurers who are members of FHLBanks, the FHLB System is becoming a government-sponsored1 piggy bank for a financial industry which has pioneered financial engineering and risk taking in many areas of the economy and which is underregulated at the firm level.
  • As private equity-owned insurers change the composition of their invested assets to increase riskier and illiquid products like collateralized loan obligations (“CLOs”), asset-backed securities (“ABS”), alternative investments, and related party investments, FHLBank funding agreements with such insurance members may expose the FHLB System to lower quality collateral or higher risks.

• 1957 – Pennsylvania – The Sale Of Life Insurance By Mutual Savings Banks, by General Assembly of the Commonwealth of Pennsylvania, JOINT STATE GOVERNMENT COMMISSION – 80p