Accessible Version
The Increased Role of the Federal Home Loan Bank System in Funding Markets, Part 1: Background Accessible Data
Figure 1: Current geographical segmentation of the FHLB system
The map shows the geographical regions of the Federal Home Loan Bank system. Each of the eleven districts has a Federal Home Loan Bank located in a city within that district. Des Moines's district is colored in blue and includes Washington, Oregon, Idaho, Montana, Utah, Wyoming, North Dakota, South Dakota, Minnesota, Iowa, Missouri, Alaska, and Hawaii. San Francisco's district is colored dark orange and consists of California, Nevada, and Arizona. Topeka's region includes Kansas, Oklahoma, Colorado, and Nebraska and is gray on the map. Dallas's region is brown and includes New Mexico, Texas, Louisiana, Mississippi, and Arkansas. Chicago's region is peach-colored and includes Illinois and Wisconsin. Indianapolis's district is green-brown and includes Indiana and Michigan. Cincinnati's district consists of Ohio, Kentucky, and Tennessee and is colored red. Atlanta's district is blue-gray and includes Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, Maryland, and the District of Columbia. Pittsburgh's district is green and consists of Pennsylvania, West Virginia, and Delaware. New York's district is light orange and includes New York and New Jersey. Finally, Boston's district includes Massachusetts, Rhode Island, Vermont, New Hampshire, Maine, and Connecticut and is colored purple.
Source: FHFA.
Figure 2: Schematic map of the flow of funding in the FHLB system
The flow chart demonstrates the flow of funding from investors to the Federal Home Loan Bank system to member banks. Starting from the right, the figure includes two boxes under the heading "Investors": MMFs and Other Investors. Money Funds are separated from Other Investors to highlight their importance in FHLB funding. An arrow from each of these boxes flows into the box labeled "Office of Finance," under the heading "FHLB System." Above each of the arrows is written the amount of debt the FHLB system owes to each set of investors: $506 billion to MMFs and $505 to Other Investors. The total amount of debt for the FHLB system is $1,011 billion. Under the heading "FHLB System," arrows from the Office of Finance box flow into three example FHLBs: FHLB Des Moines, FHLB Chicago, and FHLB Cincinnati. Below the boxes in "FHLB System" is written the total amount of capital in the system: $55 billion. Continuing to the right side of the figure, two arrows flow from the FHLB Des Moines box to boxes under the heading "Members/Borrowers." The boxes under this heading consist of example member banks, chosen to highlight the diversity in size of member banks. The arrows from the FHLB Des Moines box flow into "Wells Fargo" and "Allianz Life Insurance." Above each of the arrows is written the amount of advances from the FHLB to the member bank: $63 billion from FHLB Des Moines to Wells Fargo, and $3.3 billion from FHLB Des Moines to Principal Life Insurance. Two arrows flow from FHLB Chicago, to Ottawa Savings Bank with an advances value of $0.001 billion, and to JP Morgan Chase with a value of $11 billion. One arrow from FHLB Cincinnati also flows to JP Morgan Chase, with a value of $27 billion; this underscores that one bank holding company like JP Morgan Chase may receive advances from several different FHLBs. Finally, below the boxes in "Members/Borrowers" is written total advances for the FHLB system: $707 billion. All amounts are as of June 2017.
Source: FHLB 10Q and 10K filings, SEC N-MFP filings, CALL reports.