Frame, W. Scott; Hancock, Diana; Passmore, Stuart Wayne - 2007
– “advances,” or collateralized loans to members – in stabilizing
commercial bank members’ residential mortgage lending … shocks, to bank lending shocks, and to macroeconomic shocks. Our empirical findings are
consistent with the predictions of … bank lending are accommodated using FHLB advances. Third, FHLB
advances do not appear to reduce variability in bank …