WASHINGTON - The Federal Home Loan Bank of San Francisco recently agreed to buy back and retire $200 million in structured notes from California's bankrupt Orange County.

"These transactions will not result in any economic loss to the bank or its shareholders, but will help the county reduce its losses on the bonds," said Dean Schultz, president of the Home Loan bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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