The Federal Home Loan Banks went under the microscope last year and the scrutiny persists with its regulator seeking input on its affordable housing program and role in the mortgage market. 

The system's second-ever impact report released last week may assist in those evaluations as it consolidates some of the numbers and program descriptions related to its advances, affordable housing, and other activity in the past year. 

What follows are some comments on the report from Ryan Donovan, president and CEO of the Council of Federal Home Loan Banks, with an eye toward what it might mean for 2024.

The questions and answers that follow have been edited and condensed.