Amid continued weakness for the Federal Home Loan Bank System (FHLBank), its chief regulator said it is committed to getting the regional GSEs back to their core mission of lending to members.

"A key objective of" the Federal Housing Finance Agency (FHFA) "is to return the focus of FHLBank operations to providing advances to member institutions and to establish stability at each FHLBank to permit repurchases and redemptions of member stock at par," the agency said in its 2010 Performance and Accountability Report.

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