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Volume 17 - Number 9

May 5, 2017

Downloads Available: FHLBank Combined Operating Highlights: 1Q17


Federal Home Loan Bank Advances Decline by 6 Percent in 1Q17

The Federal Home Loan Bank System saw a 6 percent decline in advances during the first quarter of 2017. The FHLBank’s Office of Finance reported that advances, which stood at $660.7 billion, decreased from $705.2 billion in the previous quarter, primarily because there was less demand by the larger bank members. In fact, all of the banks witnessed a decrease in advances with the exception of two. The FHLBank of Indianapolis and FHLBank of Topeka both had a slight uptick in the volume of advances taken, growing from $28.0 million to $29.6 billion and $23.9 billion to $25.8 billion, respectively.

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Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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