FHLB tallies $814 billion consolidated debt obligations at Sept. 30

By Jennifer Chiou

New York, Oct. 29 - Federal Home Loan Banks had $184 billion of consolidated discount notes and $630 billion of consolidated bonds for a net total of consolidated debt obligations of $814 billion at the end of the third quarter, according to the Office of Finance report on the unaudited results for the period ended Sept. 30.

The total figure stood at $935 billion at the end of 2009, for a decrease of 13% in the nine months that followed.

FHLB accounted for this reduction due to a decline in member funding needs, primarily driven by maturities and the early extinguishment of bonds.

Meanwhile, the agency said that its combined total assets were $904 billion at Sept. 30, a decrease of 11% from Dec. 31, 2009.

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