Volume 14 - Number 10
May 16, 2014
Downloads Available: FHLBank Combined Operating Highlights 1Q 2014
FHLBank Earnings Decline in First Quarter 2014
Combined net income for the 12 Federal Home Loan Banks fell 18.4 percent to $555 million in the first quarter of 2014, down from $680 million in the fourth quarter and a more modest 4.3 percent decrease compared to the same period last year, according to the Federal Home Loan Bank Office of Finance. The decrease resulted primarily from a decline in non-interest income and an increase in non-interest expense, partially offset by an increase in net interest income, explained the Office of Finance.
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