FHLB Advances Fall, Collateral Rises in 2018

Advances from the Federal Home Loan Banks during 2018 fell about 4% to $728.8 billion, the Federal Housing Finance Agency said today. The total book value of the FHLBs’ eligible collateral rose to $3.2 trillion, up 7.3% from a year prior.

Single-family loans accounted for 52% of the eligible collateral pledged to the FHLBs, while multifamily loans accounted for 8%, other real estate-related collateral accounted for 30%, securities accounted for 8% and community financial institution collateral accounted for 1.6%.