The Federal Home Loan Bank Office of Finance announced this week that preliminary combined net income for the 12 FHLBanks rose by 19.6 percent to $660 million in the third quarter of 2012, up from both $552 million in the second quarter and $469 million in the third quarter of 2011, according to the Federal Home Loan Bank Office of Finance. For the first nine months of the year, the FHLBanks earned $1.94 billion, $867 million more than the Banks earned during the same time last year. The Office of Finance attributed the increases to be primarily driven by changes in non-interest income.