Federal Home Loan Bank presidents sought on Tuesday to downplay a possible systemwide impact from a Federal Housing Finance Agency (FHFA) decision to bar the Seattle bank from redeeming stock.

Richard Riccobono, the president of the Federal Home Loan Bank of Seattle, suggested Friday's decision from the FHFA was simply another example of the regulator keeping capital in the system.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.