Dallas, Chicago FHLBs considering merger.The Federal Home Loan Banks Federal Home Loan Banks The institutions that regulate and lend to savings and loan associations. The Federal Home Loan Banks play a role analogous to that played by the Federal Reserve Banks vis-à-vis member commercial banks. of Chicago and Dallas announced last week that they are considering combining the business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets of the two institutions. The Federal Home Loan Bank of Dallas has total assets of $53.3 billion. The 9th District, with more than 900 member institutions, comprises Arkansas Arkansas, river, United States Arkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo. , Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. , Mississippi, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). and Texas.
The organizations said they will "immediately" communicate news of a merger to shareholders and other interested parties if a definitive agreement is reached. Executives for both banks said their focus is on "identifying whether and how a combination would produce advantageous results and improved value for members of both organizations and the affordable housing needs of their communities ..." Dallas and Chicago are cooperatives owned by member financial institutions in their respective Federal Home Loan Bank Districts. The Federal Home Loan Bank of Chicago has total assets of about $87 billion. Illinois and Wisconsin comprise the 7th District with more than 850 member institutions. --Arkansas Business Staff |
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