What is the Office of Finance of the Federal Home Loan Banks?
• • The Federal Home Loan Banks raise funds by issuing debt instruments in the capital markets. The Office of Finance of the Federal Home Loan Banks is the entity that is responsible for handling the issuance and servicing of all such instruments, and does so on behalf of the twelve FHLBanks. Because these instruments currently have “AAA” credit ratings, the FHLBanks are able to borrow at favorable rates and terms. It should be noted that FHLBank System debt is not guaranteed by, and is not the obligation of, the U.S. government. More information about the Office of Finance can be found at http://www.fhlb-of.com.