Federal Home Loan Banks

Catholic Charities Housing Receives $750K for Sunray Lobo Canyon

Thursday, March 4, 2021 - 6:28pm

Wells Fargo Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Catholic Charities Housing Inc. (CC Housing) to rehabilitate and merge Sunray Apartments and Lobo Canyon Village Apartments.

Key Points: 
  • Wells Fargo Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Catholic Charities Housing Inc. (CC Housing) to rehabilitate and merge Sunray Apartments and Lobo Canyon Village Apartments.
  • (Photo: Business Wire)
    The complex, to be known as Sunray Lobo Canyon in the future, will include converting one of the buildings into a functioning community building for a tenant base that includes a significant number of families with children.
  • AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
  • Included in that total is more than $1.8 million in subsidies for 216 units of housing in New Mexico.

FHLBank San Francisco Releases January 2021 Cost of Funds Index

Friday, February 26, 2021 - 11:13pm

SAN FRANCISCO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced February 26, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for January 2021 is 0.457%.

Key Points: 
  • SAN FRANCISCO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (Bank) announced February 26, 2021, that the 11th District Monthly Weighted Average Cost of Funds Index (COFI) for January 2021 is 0.457%.
  • The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Bank that satisfy the Banks criteria for inclusion in the COFI (COFI Reporting Members).
  • For January 2021, 9 eligible institutions reported COFI data.
  • Similarly, if a COFI Reporting Members Bank membership is terminated, it will no longer be included in the COFI.

Federal Home Loan Bank of Dallas Reports Fourth Quarter and Full Year 2020 Operating Results

Tuesday, February 23, 2021 - 6:32pm

The Federal Home Loan Bank of Dallas (Bank) today reported net income of $32.5 million for the quarter ended December 31, 2020.

Key Points: 
  • The Federal Home Loan Bank of Dallas (Bank) today reported net income of $32.5 million for the quarter ended December 31, 2020.
  • Total assets at December 31, 2020 were $64.9 billion, compared with $66.3 billion at September 30, 2020 and $75.4 billion at December 31, 2019.
  • Advances totaled $32.5 billion at December 31, 2020, compared with $34.3 billion at September 30, 2020 and $37.1 billion at December 31, 2019.
  • At December 31, 2020, September 30, 2020 and December 31, 2019, the Bank also held a $0.1 billion long-term U.S. Treasury Note classified as trading.

Federal Home Loan Bank of Indianapolis Declares Dividends, Reports Earnings

Tuesday, February 23, 2021 - 5:38pm

2The Bank uses interest-rate swaps to hedge the risk of changes in the fair value of certain of its advances, available-for-sale securities and consolidated obligations.

Key Points: 
  • 2The Bank uses interest-rate swaps to hedge the risk of changes in the fair value of certain of its advances, available-for-sale securities and consolidated obligations.
  • 3Each year Federal Home Loan Banks ("FHLBanks") allocate to the AHP 10% of earnings, defined as income before assessments, plus interest expense on mandatorily redeemable capital stock.
  • Advances outstanding at December31, 2020, at carrying value, totaled $31.3 billion, a net decrease of $1.1 billion, or 3%, from December31, 2019.
  • 6The Bank's liquidity portfolio consists of cash, interest-bearing deposits, securities purchased under agreements to resell, federal funds sold and U.S. Treasury securities.

Community Development Center Receives $170K for Rental Rehab

Monday, February 22, 2021 - 2:00pm

Besides providing affordable rental housing, BGACDC also provides social, economic, recreational and educational services for low- to moderate-income African-American residents via its community center and related initiatives.

Key Points: 
  • Besides providing affordable rental housing, BGACDC also provides social, economic, recreational and educational services for low- to moderate-income African-American residents via its community center and related initiatives.
  • The $250,000 rental rehabilitation project includes restructuring existing debt and putting rehabilitated units back on the tax rolls.
  • FHLB Dallas is honored to partner with Southern Bancorp Bank to provide affordable housing opportunities in the Marvell community.
  • Southern Bancorp is a certified Community Financial Development Institution, certified B-Corp, and proud member of the Global Alliance for Banking on Values.

Fort Hood Area Habitat for Humanity to Use $200K for Homeowner Repairs

Monday, February 22, 2021 - 2:00pm

Extraco Banks and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $200,000 Affordable Housing Program (AHP) subsidy to Fort Hood Area Habitat for Humanity (FHA Habitat) for critical home repairs and renovations.

Key Points: 
  • Extraco Banks and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $200,000 Affordable Housing Program (AHP) subsidy to Fort Hood Area Habitat for Humanity (FHA Habitat) for critical home repairs and renovations.
  • AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
  • AHP funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.
  • We respect FHA Habitats focus on stability and self-reliance of homeowners in the region it serves, said Cinthia Hernandez, mortgage operations manager at Extraco Banks.

Friendly Hills Bank Reports Fourth Quarter Results

Friday, February 12, 2021 - 2:00pm

WHITTIER, Calif., Feb. 12, 2021 (GLOBE NEWSWIRE) -- Friendly Hills Bank (the Company) (OTCBB: FHLB) reported results for the fourth quarter of 2020.

Key Points: 
  • WHITTIER, Calif., Feb. 12, 2021 (GLOBE NEWSWIRE) -- Friendly Hills Bank (the Company) (OTCBB: FHLB) reported results for the fourth quarter of 2020.
  • As of December 31, 2020, the Company reported total assets of $204.4 million, a 29% increase from $158.4 million as of December 31, 2019.
  • Friendly Hills Bank is a community bank which was formed to primarily serve the Southern California communities of eastern Los Angeles County and northern Orange County.
  • Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements.

Fort Bend Women’s Center Receives $236,500 for Housing

Tuesday, February 9, 2021 - 7:22pm

and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $236,500 Affordable Housing Program (AHP) subsidy to Fort Bend Womens Center (FBWC) for a $3.8 million expansion of its longer-stay housing community.

Key Points: 
  • and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $236,500 Affordable Housing Program (AHP) subsidy to Fort Bend Womens Center (FBWC) for a $3.8 million expansion of its longer-stay housing community.
  • It operates the only crisis hotline and emergency shelter for survivors of domestic violence and sexual assault in Fort Bend County, Texas.
  • The funds from CommunityBank of Texas and FHLB Dallas will help us build much-needed housing.
  • AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.

Federal Home Loan Bank Of Cincinnati Announces Affordable Housing Advisory Council Appointments

Friday, February 5, 2021 - 3:00pm

CINCINNATI, Feb. 5, 2021 /PRNewswire/ --The Federal Home Loan Bank of Cincinnati (FHLB) Board of Directors has appointed four new members to the FHLB's Affordable Housing Advisory Council and reappointed two current members of the Advisory Council.

Key Points: 
  • CINCINNATI, Feb. 5, 2021 /PRNewswire/ --The Federal Home Loan Bank of Cincinnati (FHLB) Board of Directors has appointed four new members to the FHLB's Affordable Housing Advisory Council and reappointed two current members of the Advisory Council.
  • Advisory Council terms are for three years, with leadership terms for two years, all commencing January 1, 2021.
  • The 13-member Advisory Council provides guidance to the FHLB on affordable housing and economic development needs within the FHLB Fifth District's states of Kentucky, Ohio and Tennessee.
  • It has contributed $790 million for the creation of more than 98,000 units of lower-income housing through its Affordable Housing Program since 1990.

Home Federal Bank and FHLB Dallas Provide $750K for Aging Housing Complex

Thursday, February 4, 2021 - 11:35pm

Home Federal Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to San Benito Housing Authority for a major rehabilitation of an aging public housing complex.

Key Points: 
  • Home Federal Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to San Benito Housing Authority for a major rehabilitation of an aging public housing complex.
  • Housing Solutions Alliance LLC (HSA) is San Benitos development partner and has assisted many housing authorities with the redevelopment of public housing.
  • AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
  • The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932.