The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)
The Stoop (NYU Furman Center)
MARCH 11, 2024
18 It is worth noting that the Congressional Budget Office (CBO), from time to time, estimates the value of the subsidies to the FHLB system. It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 19 That was a very significant amount 20 years ago. billion for fiscal 2024.
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