NEW YORK, July 22 (Reuters) - The U.S. Federal Home Loan Banks' combined return reached $719 million in the subscribe to quarter, up 14.5 percent from the same span a year earlier, the FHLB Office of Finance said on Tuesday.
The mortgage affairs agency's return were trimmed by losses at the Chicago FHLB, one of the system's 12 fellow banks, stemming from its losses on private-issue mortgage bonds created by first-lien subprime mortgages. (Reporting by Richard Leong; Editing by James Dalgleish) © Thomson Reuters 2008. All rights reserved.
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