June 29, 2017 1:55 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, 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

2,981 Employees

Phone:

202-955-0002

Fax:

202-835-1144

Key Executives for Federal Home Loan Banks

Chief Executive Officer and President
Vice Chair of the Board, Chief Executive Officer for the FHLBank of Indianapolis and President for the FHLBank of Indianapolis
Age: 59
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
Chief Executive Officer of FHLBank of Chicago and President of FHLBank of Chicago
Age: 62
Compensation as of Fiscal Year 2016.

Federal Home Loan Banks Key Developments

Federal Home Loan Banks Presents at RiskMinds Americas 2017, Jun-28-2017 04:30 PM

Federal Home Loan Banks Presents at RiskMinds Americas 2017, Jun-28-2017 04:30 PM. Venue: Conrad Miami, Miami, Florida, United States. Speakers: Stan Dore, Chief Risk Officer.

Federal Home Loan Banks Announces Audited Combined Earnings Results for the Full Year Ended December 31, 2016

Federal Home Loan Banks announced audited combined earnings results for the full year ended December 31, 2016. For the period, the company reported total interest income of $10,930 million against $8,161 million a year ago. Net interest income was $3,835 million against $3,553 million a year ago. Net interest income after provision for credit losses was $3,829 million against $3,549 million a year ago. Net income before assessments was $3,800 million against $3,193 million a year ago. Net income was $3,408 million against $2,861 million a year ago. Net cash provided by operating activities was $3,755 million against $3,864 million a year ago. Return on average assets was 0.34% against 0.31% a year ago. Return on average equity was 6.90% against 6.12% a year ago. Increase in interest income was due primarily to higher yields on advances and investments, and increases in the average balances of advances.

Federal Home Loan Banks Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Federal Home Loan Banks announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total interest income was $2,773 million against $2,020 million a year ago. Net interest income was $973 million against $880 million a year ago. Net income before assessments was $960 million against $540 million a year ago. Net income was $861 million against $484 million a year ago. For the nine months, the company reported total interest income was $7,939 million against $5,891 million a year ago. Net interest income was $2,801 million against $2,541 million a year ago. Net income before assessments was $2,762 million against $2,438 million a year ago. Net income was $2,478 million against $2,183 million a year ago. Net cash provided by operating activities was $2,807 million against $2,754 million a year ago. Investment of premises, software, and equipment was $43 million against $37 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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