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In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and community development mission given to it by Congress. Additionally, a decade later in 1999, legislated changes were made that included broadening the asset types that could be used as collateral to secure FHLB advances.
When will the changes be developed? Since Bill Pulte was announced as the nominee on January 16, we can assume the core aspects of that agenda have already been developed. First, there are policyobjectives long recommended by small-government conservative commentators, many of which have support among Republican members of Congress.
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