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Volume 18 - Number 16

August 3, 2018

Downloads Available: FHLBank Combined Operating Highlights: 2Q18

FHLBank Earnings Up 15 Percent, Advances Grow in Second Quarter

The Federal Home Loan Bank System saw a 13 percent yearly increase in earnings during the second quarter of 2018. The FHLBank’s Office of Finance reported that net income was $971 million for the quarter, up from $858 million in the first quarter. And for the entire first half of the year net income totaled $1.829 billion, an increase of 10 percent from a year earlier. The OF attributes the upswing to an increase in net interest income that was partially offset by lower non-interest income. [Includes one data chart.]

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