Advances

FHLBank advances can help you make mortgage loans, mitigate interest rate risk, manage assets and liabilities and obtain liquidity. 

These products can meet your specific funding or hedging requirements with a choice of cash flow and payment options and different combinations of fixed and adjustable rate features.

Our Lending Desk (800.809.2733 or  email)  is available to answer your questions about advance products.

You can find more specifics on our advance offerings in our  Member Products and Services Guide  and the other resources below.

Advances FAQs

WHAT MAKES US A FIRST-CHOICE FUNDER?

FHLBank Topeka is a crucial funding line for our district’s community banks. Our access to the capital markets allows us to offer our members a source of reliable, low-cost funds. Our members then use these funds to provide the credit products their communities need.

Our members come to us first because we offer:

• Highly customizable products and expertise
• Low-cost options
• Good return on member capital
• A history of stability and reliability

WHAT PRODUCTS AND SERVICES DO WE OFFER?

• Advances - Wholesale funds that provide members liquidity and help them manage interest rate risk
• Letters of Credit - An alternative to using traditional collateral to help secure public unit deposits as well as the ability to use confirming letters of credit to enhance bonds issued to fund local projects
• Mortgage Partnership Finance® Program - A unique secondary market alternative for fixed rate mortgage loans
• Housing and Community Development - A wide array of grant programs and reduced cost advances help our members support affordable housing and economic development
• Deposit Services - Include demand deposit accounts, overnight deposits and certificates of deposit
• Safekeeping - Comprehensive safekeeping for all types of securities
• Wire Services - A direct interface with the Federal Reserve Bank of Kansas City

WHAT DOES THE FHLBANK SYSTEM DO?

Since 1932, the Federal Home Loan Banks continue to raise billions of dollars in the financial markets for the benefit of their members. Through the FHLBanks, local lending institutions have access to those funds to provide affordable credit within the communities they serve.

The FHLBanks recognize homeownership and economic development as the cornerstones of strong communities. Since 1990, the FHLBanks have contributed more than $4.5 billion toward the completion of 776,000 affordable housing units and have lent $64 billion in low-cost advances for economic development initiatives, resulting in the creation of 744,000 housing units and 223,000 jobs.

WHY ARE THE FHLBANKS IMPORTANT NOW?

The regional nature of the Federal Home Loan Banks enables the system to expand and contract as the needs of member financial institutions and their communities change over time. This flexibility and reliability provide the foundation for the Home Loan Banks’ unique and necessary role in the financial system.

 The demand for smarter regulations, more prudent underwriting and consumer-friendly financial instruments continues to grow. The FHLBanks’ role in keeping low-cost funds flowing to communities remains key to our country’s economic health as we work our way through the problems in the financial markets and beyond.

Lending institutions, policymakers and community leaders agree that the role of the Federal Home Loan Banks has never been more important, especially in today’s  economic environment.