Journal Article

Bank Funding and FHLB Advances


Abstract: The composition of bank funding has changed considerably since the onset of the COVID-19 pandemic, revealing not only the importance of Federal Home Loan Bank (FHLB) advances in times of stress but also sized-based differences in access to capital markets once the stresses abate. The latter raises the question of whether large banks in particular can replace deposit outflows with capital market funding instead of relying on contingent funding from FHLBs.

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2025-10-16

Pages: 4