Overview

FHLBanks Office of Finance is the Office of Finance (OF) which is operated on behalf of the Federal Home Loan Banks. FHL Banks are government-sponsored enterprises (GSEs), federally chartered but privately capitalized and independently managed. The primary function of the company is to issue and service all debt securities for the regional FHLBanks, while obtaining the most cost-effective terms possible, given the current market conditions. Some of the related activities performed by the organization include analysis and joint development of new funding opportunities, educational outreach to inform investors, the compilation and publication of the combined financial statements. The organization has around 12 branches present in different cities of North America, that include New York, Pittsburgh, Chicago, Boston, San Francisco among others.