September 30, 2016 4:19 AM ET

Diversified Financial Services

Company Overview of Federal Home Loan Banks

Company Overview

Federal Home Loan Banks provides credit for residential mortgages, community investments, and other services for housing and community development. The company provides financial products and services to its members and eligible non-members, including secured loans. Its services include correspondent banking services comprising security safekeeping, wire transfers, and settlements; cash management services; letters of credit; and derivative intermediation services. It has operations in 50 states, the District of Columbia, Puerto Rico, and the U.S. territories. Federal Home Loan Banks was founded in 1932 and is based in Washington, the District of Columbia.

2120 L Street NW

Suite 208

Washington, DC 20037

United States

Founded in 1932

2,882 Employees

Phone:

202-955-0002

Fax:

202-835-1144

Key Executives for Federal Home Loan Banks

Chief Executive Officer of FHLBank - Des Moines and President of FHLBank - Des Moines
Age: 66
Chief Executive Officer of FHLBank of Topeka and President FHLBank of Topeka
Age: 60
Vice Chairman of FHLBank Office of Finance, Chief Executive Officer of FHLBank of San Francisco and President of FHLBank of San Francisco
Age: 69
Chief Executive Officer of FHLBanks Office of Finance
Age: 59
Chief Executive Officer of FHLBank of New York and President of FHLBank of New York
Age: 61
Compensation as of Fiscal Year 2016.

Federal Home Loan Banks Key Developments

Federal Home Loan Banks Announces Earnings Results for the Second Quarter of 2016

Federal Home Loan Banks announced earnings results for the second quarter of 2016. For the quarter, the company reported net income of $792 million, up 16% compared to $684 million for the same period in 2015. The increase was due primarily to higher net interest income, as well as gains on litigation settlements and trading securities, partially offset by losses on derivatives and hedging activities.

Federal Home Loan Banks Announces Unaudited Combined Earnings Results for the First Quarter Ended March 31, 2016; Reports Impairment Loss

Federal Home Loan Banks announced unaudited combined earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total interest income was $2,537 million against $2,012 million a year ago. Net interest income was $928 million against $923 million a year ago. Net income before assessments was $919 million against $1,131 million a year ago. Net income was $825 million against $1,015 million a year ago. Net cash provided by operating activities was $812 million against $1,286 million a year ago. Investment of premises, software, and equipment was $11 million against $12 million a year ago. For the quarter, net amount of impairment losses reclassified to accumulated other comprehensive income was $7 million against negative of $51 million a year ago.

Federal Home Loan Banks Announces Audited Combined Earnings Results for the Full Year Ended December 31, 2015

Federal Home Loan Banks announced audited combined earnings results for the full year ended December 31, 2015. For the period, the company reported total interest income of $8,156 million against $8,032 million a year ago. Net interest income was $3,548 million against $3,522 million a year ago. Net interest income after provision for credit losses was $3,544 million against $3,543 million a year ago. Net income before assessments was $3,188 million against $2,514 million a year ago. Net income was $2,856 million against $2,245 million a year ago. Net cash provided by operating activities was $3,864 million against $3,049 million a year ago. Return on average assets was 0.31% against 0.26% a year ago. Return on average equity was 6.11% against 4.93% a year ago.

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Recent Private Companies Transactions

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