There’s no bigger issuer of debt than the Federal Home Loan Banks’ office of finance. Last year it raised $440 billion in bonds and over $900 billion of term discount notes. Even the US government doesn’t issue as much, although the rising budget deficit might mean the Treasury could soon be mounting a challenge.
For now, though, the federal home loan banking system is bigger. And not just in the amount issued. So far this year, according to John Darr, CEO of the office of finance, 82 different underwriters have taken part in its bond deals.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
