Volume 10 - Number 16
August 5, 2011
Downloads Available: FHLBank Combined Operating Highlights 2Q11
FHLBank Earnings Drop In Second Quarter
The Federal Home Loan Bank Office of Finance announced late last week that preliminary combined net income for the FHLBanks fell 64 percent to $251 million in the second quarter, down from $698 million at the end of the fourth quarter 2010 and a drop of 23 percent from the same period last year.
The FHLBank system’s lower profitability, which has been dwindling each quarter since the third quarter 2010 high of $732 million, was driven by a decline in yields on interest-bearing liabilities, as well as lower average balances of interest-earning assets and interest-bearing liabilities, said the Office of Finance.
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