All About Federal Home Loan Bank
Established in 1973 The is a privately owned, federally chartered corporation, promotes housing and homeownership by providing wholesale products and services that help member financial institutions expand the availability of mortgage credit, compete more effectively in their markets and foster strong and vibrant communities. The bank which has more than $40 billion in assets serves more than 890 banks, thrifts, credit unions and insurance companies throughout Colorado, Kansas, Nebraska and Oklahoma. The bank also maintains contingency plans that deal with business interruptions lasting from two hours to periods of four weeks or longer.
The firms mission is to become a trusted business partner for its customers thereby helping them increase profitability, compete effectively and serve their customers and communities. It is committed to become a preferred employer that attracts high-performance, results-oriented individuals who are motivated to grow professionally and reach their full potential.
The Federal Home Loan Bank offers a variety of products and services designed to meet the needs of its member institutions and customers which include:
Custodial and Collateral Service
Wire Transfer
Interest Bearing Deposit Services
Asset Connection
Securities Safekeeping
Mortgage Partnership Finance Program
The Wire, is focused on providing the bank members with timely information about the firms products, programs, services and events. The company's goal is to provide its customers with funding choices that complement their asset/liability management, while helping them make more informed financial decisions. In addition Strategic Solutions made by the company provides funding analytics that will help the customers make the right decision for their institution.
Different Financial models offered by the firm are:
Blended Funding Model
Capital Strategies Model
Marginal Cost Model
Advantages of models are it provides reliable source of liquidity, secured financing,and asset liability management capabilities by providing direct support to affordable housing and community investment.
