According to reporting by American Banker, The Federal Housing Finance Agency (FHFA) took an unusual step by reducing the number of Federal Home Loan Bank (FHLB) board director seats at most of the 11 Federal Home Loan Banks.
Under the plan, 9 of the 11 Home Loan Banks will lose board seats, with New York, Chicago and San Francisco each eliminating four seats.
The report does not specify the anticipated impact on the size of the FHLB Dallas Board, only that it is not one of the two banks that will be immune from the impact of the order.
