Frame, W. Scott; Hancock, Diana; Passmore, Wayne - Federal Reserve Board (Board of Governors of the … - 2007
products and services to assist and enhance member housing finance. In this paper, we consider the role of the FHLBs … shocks, to bank lending shocks, and to macroeconomic shocks. Our empirical findings are consistent with the predictions of … liabilities may be used to finance "relationship" borrowers (which are typically business borrowers, rather than residential …