FHLB Advances, Collateral Jump in 2014

Advances from Federal Home Loan Banks during 2014 increased from the year before by 15 percent to $566 billion, the Federal Housing Finance Agency said on Friday. These advances were secured by $688 billion in the adjusted minimum collateral, up 12 percent from 2013.

Whole loans represented 75 percent of total collateral, up from 72 percent the year before. Other real estate-related collateral and agency mortgage-backed securities accounted for most of the rest at 13 percent and 8 percent, respectively.

The systemwide collateral-to-advances ratio was 122 percent, a slight decline from the previous two years. The Dallas FHLB was the only significant outlier, with a 174 percent ratio.