Federal home loan bank advances and commercial bank portfolio composition
By: W. Scott Frame, Diana Hancock, and Wayne Passmore
Contributors: Hancock, Diana, 1955-; Passmore, Wayne; Federal Reserve Bank of Atlanta
Series: Working paper series / Federal Reserve Bank of Atlanta -- 2007-17; Working paper series (Federal Reserve Bank of Atlanta : Online) -- 2007-17.
Publisher: Federal Reserve Bank of Atlanta
Published: 2007
Place of publication: Atlanta, Ga.]
Language: eng
Format: [electronic resource] /
Description: "This paper considers the role of Federal Home Loan Bank (FHLB) advances in stabilizing their commercial bank members' residential mortgage lending activities.  Our theoretical model shows that using mortgage-related membership criteria or requiring mortgage-related collateral does not ensure that FHLB advances will be put to use for stabilizing members' financing of housing.  Using panel vector autoregression (VAR) techniques, we estimate recent dynamic responses of U.S.  bank portfolios to FHLB advance shocks, bank lending shocks, and macroeconomic shocks.  Our empirical findings suggest that FHLB advances are just as likely to fund other types of bank credit as to fund single-family mortgages"--Federal Reserve Bank of Atlanta web site.
Notes: Title from PDF file as viewed on 8/6/2007.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.