Frame, W. Scott; Hancock, Diana; Passmore, Wayne - 2007
This paper considers the role of Federal Home Loan Bank (FHLB) advances in stabilizing their commercial bank members …. Using panel vector autoregression (VAR) techniques, we estimate recent dynamic responses of U.S. bank portfolios to FHLB … advance shocks, bank lending shocks, and macroeconomic shocks. Our empirical findings suggest that FHLB advances are just as …