Low interest rates and excess liquidity drove down demand for FHLBank advances and ate into profits during the early part of the year (Includes three data charts.)
The Federal Home Loan Banks ended the year with combined annual profits of $2.79 billion, down 12.5% from 2019. FHLBanks of Indianapolis, Chica-go and Topeka increased earnings from the third to fourth quarter. (Includes data chart.)
FHLBank members continued to reduce their borrowings, from $806.94 billion in the first quarter to just $422.64 billion in the last three months of the year. (Includes two data charts.)
The FHFA is looking for stakeholder views on the risks faced by the GSEs and the supervisory and regulatory framework necessary to meet these challenges.
The FHLBank System’s outstanding advances fell to $479 billion in the third quarter, down from $557.55 billion in 2Q and $806.94 billion in 1Q. Borrowings by insurance companies were unchanged. (Includes two data charts.)
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