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FHLB Advances and the Cost and Availability of Funds to S&Ls: A Comment



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    • Assistant Professor, Department of Economics and Finance, University of Wisconsin-La Crosse. This comment was written while the author was a Visiting Research Scholar at the Office of Policy and Economic Research, Federal Home Loan Bank Board, and benefited from discussions with several members of the staff there, particularly Henry Cassidy and Robert Losey. In addition, several useful suggestions were provided by Anthony Santomero. However, I alone am responsible for the analysis and interpretation, including any errors that remain. This does not represent policy or opinion of the Federal Home Loan Bank Board or the Office of Policy and Economic Research.

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