FHLB reports outstanding obligations down 9% for 2010 through June

By Jennifer Chiou

New York, July 30 - Federal Home Loan Banks announced in its second-quarter report that it tallied outstanding consolidated obligations of $852.94 billion at June 30.

The figure is a decrease of 9% from the $934.88 billion seen at Dec. 31, 2009.

The total consolidated obligations outstanding at the end of June consisted of about $181 billion of discount notes and $672 billion of bonds, according to an agency release.

FHLB added that its investments increased 9% to $309 billion at June 30, stating that this was primarily attributable to growth in short-term investments and investments in other U.S. obligations and government-sponsored enterprise mortgage-backed securities.

As of June 30, FHLB's investments stood at $308.7 billion, compared to $284.35 billion at the end of 2009. The investments include interest-bearing deposits, securities purchased under agreements to resell, federal funds sold, trading securities, available-for-sale securities and held-to-maturity securities, the release noted.

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