Office of Finance in Action
The Office of Finance is Part of the Federal Home Loan Bank System
The Federal Home Loan Banks together with the Federal Home Loan Banks Office of Finance comprise the Federal Home Loan Banks System. The Office of Finance is a joint office of the FHLBanks whose primary functions are to:
- facilitate the issuance and servicing of all Federal Home Loan Bank consolidated obligations;
- prepare the quarterly and annual combined financial reports of the Federal Home Loan Banks;
- function as the fiscal agent of the Federal Home Loan Banks; and
- administer the Resolution Funding Corporation, a tax-exempt government corporation created during the savings and loan crisis of the 1980s.
In addition, the Office of Finance performs research and serves as a source of information for the Federal Home Loan Banks on capital markets developments; manages relationships with the rating agencies and the U.S. Treasury as they relate to consolidated obligations; and performs various debt marketing activities, including investor presentations and conferences.
The Federal Home Loan Banks are government-sponsored enterprises, federally-chartered but privately capitalized and independently managed.
