WASHINGTON - Lending and investing by the Federal Home Loan banks rose sharply in the 12 months ended June 30, with assets up 33% over the year earlier, according to Federal Housing Finance Board data.

The growth was accompanied by a sizable increase in net income, a tiny uptick in return on equity, and bigger dividend payments to the more than 5,000 commercial banks and thrifts that belong to the Home Loan Bank System.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.