FHLBank officials pledge to work with ICBA against harmful changes to system

Four Federal Home Loan Bank officials joined ICBA President and CEO Rebeca Romero Rainey for a fireside chat during the final session of ICBA’s Capital Summit.

Participants: Romero Rainey discussed key issues for the system with Council of FHLBanks President and CEO Ryan Donovan and Kirk Malmberg, Winthrop Watson, and Kris Williams of the Atlanta, Pittsburgh, and Des Moines FHLBanks, respectively.

Discussion: During the chat, the officials discussed the role of the FHLBanks as a source of liquidity for community banks. All four FHLBank representatives praised community bankers’ efforts as advocates and supporters of local communities, with Donovan pledging to work with ICBA to prevent harmful changes to the system.

ICBA Views: Following the Federal Housing Finance Agency’s comprehensive report last fall on the FHLBanks, ICBA urged the agency to ensure any new policies affecting the system do not disrupt it as a source of liquidity for community banks. ICBA offers a high-level summary of the report outlining its views on the agency’s policy recommendations.

Ongoing Grassroots: Following the conclusion of this year’s ICBA Capital Summit, community bankers can continue to use ICBA’s Be Heard grassroots action center to stay in touch with their members of Congress on pressing industry issues.