Federal Home Loan Banks Debt Outstanding (millions)
previous 7 daysFederal Home Loan Banks Debt Issuance (millions)
previous 7 daysFederal Home Loan Banks Upcoming Debt Maturities (millions)
| Date | Discount Note | Fixed Non-Callable | Fixed Callable | Floating Non-Callable | Floating Callable | Other |
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Debt Issuance
Debt Issuance by the Federal Home Loan Banks Office of Finance
The Federal Home Loan Banks raise funds for member lending, mortgage programs, and other balance sheet needs through the daily sale of debt securities (known as consolidated obligations) in the global capital markets in the form of bonds and discount notes. Federal Home Loan Bank debt issuance volume generally rises and falls in proportion to member loan demand. Funds raised through the sale of bonds and discount notes typically carry a lower interest rate than Federal Home Loan Bank members could obtain on their own and enable member financial institutions to provide lower-cost mortgage credit to homebuyers and housing agencies.
The Federal Home Loan Banks Office of Finance coordinates debt issuance for the Federal Home Loan Banks, and acts as the Federal Home Loan Banks' fiscal agent. Buyers of debt securities issued by the Federal Home Loan Banks represent the spectrum of domestic and international fixed-income investors, including commercial banks, central banks, investment managers, major corporations, pension funds, government agencies, and individuals.
Principal and interest from all consolidated obligations are backed by the financial strength of the entire Federal Home Loan Bank System, contributing to the desirability of Federal Home Loan Bank debt to investors worldwide. The Federal Home Loan Banks effectively distribute the wide variety of debt securities they issue through a broad network of Authorized Dealers both in the U.S. and abroad.
Raising Funds for Member Lending
Federal Home Loan Banks debt issuance volume generally rises and falls in proportion to member loan demand.
Federal Home Loan Banks consolidated bonds (bonds) offer investors a variety of sizes, structures, and maturities to meet numerous portfolio objectives. All Federal Home Loan Banks bonds are exempt from state and local income tax for domestic U.S. investors. Investors and dealers can rely on the Federal Home Loan Bank System for continuous, innovative bond issuance in all market conditions.
Investor demand for short-term securities (one year or less) may be met through Federal Home Loan Banks consolidated discount note (DN) programs. All Federal Home Loan Banks DNs are exempt from state and local income tax for domestic U.S. investors. Federal Home Loan Bank DNs are characterized by competitive rates, efficient trade execution, and responsiveness to reverse inquiries.
The Federal Home Loan Banks Office of Finance provides investors with specific bond servicing data for investors, including Interest Rate Resets, Call Schedules, Calls and Amortizations, and Payment Factors as data are available.
These data files provide consolidated views of the monthly issuance, servicing and outstanding debt of the Federal Home Loan Banks. All data files are updated as of the close of the previous month.
Authorized Dealers
The Federal Home Loan Banks effectively distribute the wide variety of debt securities they issue through a broad network of authorized dealers, both in the U.S. and abroad.
