FHLBank System at 100: Focusing on the Future

In 2022, FHFA launched the first comprehensive review of the FHLBank System in decades: FHLBank System at 100: Focusing on the Future. The initiative involved significant stakeholder outreach and a historical review of the role of the FHLBanks, analyzing both the strengths and areas for improvement in the System’s current structure to ensure the FHLBanks are well positioned to fulfill their mission in the years ahead. Published by the FHFA in November 2023, the lengthy report included a range of recommendations organized across four key themes:

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 

We appreciate the FHFA and its thoughtful engagement with the Federal Home Loan Banks, all the member banks, and other stakeholders in their thorough review. FHLBank San Francisco and the broader FHLBank system will continue to work with members and other stakeholders to examine the implications of various recommendations and discuss and respond to proposed changes to the FHLBank System.