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Volume 14 - Number 5

March 7, 2014

Downloads Available: FHLBank Combined Operating Highlights 4Q 2013

FHLBank Advances Increased During Fourth Quarter, 2013

The advance business for the 12 Federal Home Loan Banks increased throughout 2013 ending the year ahead both on a quarterly and an annual basis, according to preliminary figures released by the Federal Home Loan Bank Office of Finance. Advances increased 7.2 percent to $498.6 billion during the fourth quarter of 2013 while posting an even larger 17.1 percent increase from $425.8 billion a year earlier. The Office of Finance attributed the increase in advances due to “higher member borrowing, particularly by large-asset members.”

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