Volume 14 - Number 16
August 8, 2014
Downloads Available: FHLBank Combined Operating Highlights 2Q 2014
FHLBank Earnings Decline in Second Quarter 2014
Combined net income for the 12 Federal Home Loan Banks dropped 7.4 percent to $514 million in the second quarter of 2014, down from $555 million in the first quarter and a steeper 18.4 percent decrease compared to 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 increases in non-interest expense, partially offset by increases in net interest income, according to the Office of Finance.
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