Today, CFA sent a letter to members of the Seante Banking Committee, raising serious concerns about excessive executive compensation within the Federal Home Loan Bank (FHLBank) system. The letter highlights that 31 FHLBank executives earned over $1 million in 2024, with Presidents averaging $2.3 million—despite the FHLBanks’ relatively simple operations and taxpayer-backed support. This raises questions about waste, inefficiency, and misaligned priorities in institutions meant to serve the housing market. CFA urges greater oversight to ensure these resources are used to address the nation’s housing challenges—not to enrich executives.