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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.