The cash fund reform appears to have provided FHLBs

Figure 3: Maturity framework of assets and liabilities supply: FHLB 10Q and 10K filings. Even though the change toward FHLB’s greater reliance on short-term capital started in the past, now this change seemingly have been offered additional help by the consequences associated with SEC’s reform of prime cash market funds. Those issued by FHLBs–and Treasury- […]

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