March 02, 2015 10:55 PM ET

Diversified Financial Services

Company Overview of Federal Home Loan Banks

Company Overview

Federal Home Loan Banks, a financial co-operative company, provides credit for residential mortgages, community investments, and other services for housing and community development. It serves the public by providing funds to bank members through secured loans. The company's services include correspondent banking services comprising security safekeeping, wire transfers, and settlements; cash management services; letters of credit; and derivative intermediation services. Federal Home Loan Banks has operations in 50 states, the District of Columbia, and the U.S. territories. The company 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

2,863 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: 64
Chief Executive Officer of Fhlbank of Topeka and President of Fhlbank of Topeka
Age: 58
Vice Chairman of the FHLBank Office of Finance, Chief Executive Officer of the FHLBank of San Francisco and President of the FHLBank of San Francisco
Age: 67
Chief Executive Officer of Fhlbanks Office of Finance
Age: 57
Chief Executive Officer of The FHLBank of Chicago, President of The FHLBank of Chicago and Chairman of Human Resources & Compensation Committee
Age: 60
Compensation as of Fiscal Year 2014.

Federal Home Loan Banks Key Developments

Federal Home Loan Banks Reports Unaudited Combined Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Federal Home Loan Banks reported unaudited combined earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $627 million compared to $537 million a year ago. Net interest income was $866 million compared to $845 million a year ago. Net interest income after provision (reversal) for credit losses was $871 million compared to $848 million a year ago. For the nine months, the company reported net income of $1,696 million compared to $1,847 million a year ago. Net cash provided by operating activities was $2,484 million compared to $3,081 million a year ago. Investments in premises, software and equipment were $35 million compared to $54 million a year ago. Net interest income was $2,582 million compared to $2,527 million a year ago. Net interest income after provision (reversal) for credit losses was $2,602 million compared to $2,540 million a year ago. Return on average assets was 0.28%. Return on average equity was 5.39%. Net interest margin was 0.39%.

Federal Home Loan Banks Presents at 3rd Annual InvestMNt Conference, Aug-06-2014 12:45 PM

Federal Home Loan Banks Presents at 3rd Annual InvestMNt Conference, Aug-06-2014 12:45 PM. Venue: University of St. Thomas Corporate Room Block, 1101 LaSalle Avenue, Minneapolis, MN 55403, United States.

Federal Home Loan Banks Announces Unaudited Combined Financial Results for the First Quarter Ended March 31, 2014

Federal Home Loan Banks announced unaudited combined financial results for the first quarter ended March 31, 2014. For the year, the company reported total interest income of $2,027 million against $2,166 million a year ago. Net interest income was $856 million against $850 million a year ago. Net income was $555 million against $580 million a year ago. Net cash provided by operating activities was $601 million against $1,167 million a year ago. Premises, software and equipment were $9 million against $20 million a year ago. Return on average equity was 5.01% against 5.51% a year ago. Return on average assets was 0.27% against 0.31% a year ago. Average equity to average assets was 5.38% against 5.63% a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 25, 2014
Federal Home Loan Bank of Seattle
 

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