The FHLB originally consisted of 12 independent, regional wholesale banks (similar to the 12 regionalFederal Reserve Banks). The Act provided them with total funding of $125 million.10In 2015, however, the Seattle and Des Moines banks merged, reducing the total number of FHLBanks to its curren...
The article focuses on the proposed merger of the Federal Home Loan Bank (FHLB) of Seattle, Washington, and FHLB of Des Moines, Iowa, and further discusses the merger in terms of economies of scale and economical ...