VIEWS: 7 PAGES: 1 CATEGORY: Business & Economics POSTED ON: 6/22/2010
Given a general decrease in loan demand and the availability of other lower-cost funding sources, a reduction in Federal Home Loan Bank advances was anticipated by industry analysts; it was confirmed by year-end reports filed by the 12 Home Loan Banks, including the five that serve the Midwest. Advances across the entire system decreased by 32 percent between Dec. 31, 2008 and Dec. 31, 2009. Advances at the Des Moines bank declined 15 percent to $35. 7 billion; at the Chicago bank, they declined by 37 percent to $24.1 billion; at the Topeka bank, they declined 37.9 percent to $22.3 billion; in Indianapolis, advances declined 28 percent to $22.4 billion; and in Seattle, they declined 39.5 percent to $22.3 billion.
Home Loan Banks shrink as members seek fewer advances Anonymous Northwestern Financial Review; Apr 1-Apr 14, 2010; 195, 7; Docstoc pg. 12 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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