FHLBI

AcronymDefinition
FHLBIFederal Home Loan Bank of Indianapolis
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Full year 2016 AHP allocations will be available for FHLBI members in 2017 to help address their communities' affordable housing needs, including housing rehabilitation, construction and accessibility, and homebuyer down-payment assistance.
Advances are secured loans that FHLBI provides to its member institutions.
FHLBI's advances outstanding totaled $25.4 billion at March 31, 2016, a net decrease of $1.5 billion, or 5%, from December 31, 2015, due to repayments by depository institutions as well as repayments by certain captive insurance companies in response to the Final Rule on FHLBank Membership issued by the Federal Housing Finance Agency effective February 19, 2016.
FHLBI purchases mortgage loans from its members to support its housing mission, provide an additional source of liquidity to members, and diversify its investments.
The primary source of funds for FHLBI, and for the other Federal Home Loan Banks ("FHLBanks"), is the sale of FHLBanks' consolidated obligations in the capital markets, issued through the FHLBanks' Office of Finance.
FHLBI's consolidated obligations outstanding at March 31, 2016 totaled $47.0 billion, a net decrease of $100 million from December 31, 2015.
In 2016, these funds will be available to FHLBI members to help address their communities' affordable housing needs, including housing rehabilitation, construction and accessibility, and homebuyer down-payment assistance.
"Almost 1,200 families will find themselves in new homes due to the AHP dollars we disbursed to members throughout FHLBI's district in 2015."
Advances are secured loans we provide to FHLBI member institutions.
FHLBI's advances outstanding totaled $27 billion at December 31, 2015, a net increase of $6 billion, or 29%, compared to December 31, 2014, driven by a 59% growth in advances to depository members and a 13% increase in advances to insurance company members.
Through MPP Advantage, FHLBI purchases mortgage loans from members to support its housing mission, provide an additional source of liquidity to members, and diversify its investments.
FHLBI's consolidated obligations outstanding at December 31, 2015 totaled $47 billion, a net increase of $9 billion compared to December 31, 2014 based on higher funding needs primarily driven by increased demand for advances and purchases of mortgage loans.