GIVE THE HOME LOAN BANKS SOME CREDIT
Your article "Riskier and riskier at the home loan banks" (Finance, Jan. 30) incorrectly characterized the Federal Home Loan Bank System. The truth is, Standard & Poor's gives the banks a AAA rating, its highest. Why? Because of our high level of capitalization, low interest-rate risk, negligible credit risk, strong liquidity, and sound management.
We are proud of our contribution to affordable housing in communities across America, and we look forward to serving our important mission in the years to come.
Michael A. Jessee
President and Chief Executive
Federal Home Loan Bank of Boston