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ProfBU OP t1_izxr8g4 wrote

Reply to comment by Shin-ei in I’m Cornelius Hurley, academic, lawyer, 14-year director of a Federal Home Loan Bank. Ask me anything about the FHLBs. by ProfBU

Over 14 years.

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Shin-ei t1_izxs1jy wrote

Thank you! At what point in your service did you realize the FHLBs were largely irrelevant?

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ProfBU OP t1_izxtfdt wrote

I advocated fro change from the beginning. Their irrelevance became apparent to me when members ceased taking advances and their AHP numbers plummeted. Along the way I asked, "How is the FHLB of Boston promoting housing?" The answer from management was unsatisfactory.

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