Federal Home Loan Banks (FHLBs)
NYCB turns to repos, discount window in cash-hoarding push
Bank had previously supplemented funding needs almost exclusively with FHLB advances
US banks offload FHLB advances after record glut in Q1
First Citizens leads shift, Regions bucks trend
PacWest, Banc of California aim to slash emergency borrowings
Post-merger, the new regional lender could see wholesale funding fall from $16.2bn to $2.9bn
Pre-merger, PacWest reported record negative NII growth
Funding costs continue to outpace income growth at majority of US banks
MCB’s interest rate risk widens as funding turns costlier
Rotation into remunerated deposits and short-term borrowing raises liabilities’ sensitivity
Western Alliance cuts back on emergency funding
As deposits return, regional lender repays FHLB advances and other costly funding
Three FHLBs increase loans by $150bn in Q1
Atlanta, Cincinnati and Dallas dominate first-quarter lending splurge despite accounting for just 37% of total assets
FHLB advances hit record $1trn as banks scramble for funding
Schwab, Truist and First Republic heaviest users of Federal facility in Q1
Fed’s discount window comes in from the cold
BTFP offers zero haircuts on collateral, but long-term usage is not recommended
First Republic taps Fed facilities in effort to plug funding hole
Discount window and BTFP provide temporary relief as deposits slump $72bn in Q1
Schwab turns to costly FHLB advances as deposits drop
Bank draws $45.6 billion in facilities carrying four times the interest rate paid on deposits
US life insurers switch to FHLB loans from Fabs
Borrowings from government-backed banks triple in 10 years
Basel liquidity rules block Fed’s QE exit
LCR and NSFR could produce $1 trillion shortfall in plans for balance-sheet ‘normalisation’
BNP Paribas's Flax calm about impact of regulation
Americas commodity head says bank is well positioned to cope with new rules
Central banks’ holdings of US agency debt rise on dollar demand
Fed data show official-sector holdings of US agency securities rose for a 12th straight week; auction for seven-year US Treasury bills displayed growing demand for dollar denominated assets
US introduces Covered Bond Act in bid to harness mortgage financing
With concerns hanging over the US securitisation market, some industry participants are pushing the case of covered bonds as an alternative. The US Covered Bonds Act introduced in March represents a step forward, but can investors accept the quirks of…
FHL Bank Topeka selects Providus' RiskResolve for op risk management
The Federal Home Loan (FHL) Bank Topeka, a Kansas-based privately owned, federally chartered corporation that finances mortgage credit in member financial institutions, has selected Providus' operational risk management solution, RiskResolve, to boost…