Wednesday, July 23
Fed Funds are trading between 1.9375 percent and 2.0 percent this morning. There are no major economic releases on this morning’s calendar. MBA Mortgage Applications were released earlier and dropped -6.2 percent week ended July 18. At 9:00 a.m. Frederic Mishkin (FOMC voting member) will be speaking at the Bank of Canada economic conference. Also at 11:15 a.m. Donald Kohn (FOMC voting member) will be on tape speaking about transparency in the market. This afternoon at 2:00 p.m. the Fed will publish the Beige Book prepared for the August 5 FOMC meeting on the lookout for signs of pricing power and higher wage demands.
by Rizwanul Huda,
Funding Manager
Legal Disclaimer

Disclaimer
Product Descriptions
Classic Advance
Amortizing Advance
HLB-Option Advance
Member-Option Advance
Funding Strategies
See our latest funding-strategy model
Learn to use a funding-strategy model

  Advances
   
 
 
 
 
 
  Historical
 
   
 
ADVANCES

Printable Version

Rates for selected advances are available here. In addition to those listed below, the Bank offers several other products and structures. Please contact the Money Desk at 800-357-3452 or your relationship manager at 888-595-8733 for specific funding needs and customized solutions. 

Our Member Financial Strategies Group is available to help members structure FHLB advances to meet their unique funding needs. The group provides funding strategy models to help hedge interest-rate risk and maximize profitability. To discuss your institution’s overall sensitivity position, strategy objectives, and customized funding strategies, please call Kevin Martin, vice president, member financial strategies manager, at 617-292-9644, or Marianne Cacciola, financial strategist, at 617-425-9452. 


  Special Offerings
July 23, 2008 - Long-Term Bullet Advance Special Offering
  More Special Offerings


Rollover Cash Manager
Effective 03:08 PM
July 22, 2008
 
  2.29%

IDEAL Way Advances
Effective 03:08 PM
July 22, 2008
 
  2.39%

Classic Advance Rates
Effective 01:52 PM
July 23, 2008
 
Term Reg. CDA NEF
1 wk 2.25    
2 wk 2.53    
3 wk 2.53    
         
1 mo 2.60 2.50  
2 mo 2.80 2.64  
3 mo 2.88 2.78  
4 mo 2.91 2.84  
5 mo 2.95 2.91  
6 mo 2.98 2.97  
9 mo 3.13 3.08 3.13
         
1 yr 3.29 3.21 3.27
1.25 yr 3.42 3.28 3.40
1.50 yr 3.55 3.41 3.53
1.75 yr 3.69 3.55 3.67
         
2 yr 3.82 3.68 3.80
2.25 yr 3.91 3.76 3.89
2.50 yr 4.01 3.86 3.99
2.75 yr 4.10 3.95 4.08
         
3 yr 4.19 4.04 4.17
3.50 yr 4.30 4.14 4.28
         
4 yr 4.41 4.25 4.39
4.50 yr 4.49 4.32 4.47
         
5 yr 4.56 4.39 4.54
5.50 yr 4.70 4.51 4.68
         
6 yr 4.84 4.66 4.82
6.50 yr 4.92 4.74 4.90
         
7 yr 5.00 4.81 4.98
7.50 yr 5.05 4.86 5.03
         
8 yr 5.10 4.91 5.08
8.50 yr 5.14 4.95 5.12
         
9 yr 5.17 4.98 5.15
9.50 yr 5.18 4.99 5.16
         
10 yr 5.19 4.99 5.17
         
15 yr 5.68 5.48 5.66
         
20 yr 5.77 5.57 5.75

Amortizing Advances
Effective 01:52 PM
July 23, 2008
Term Amort. Reg. CDA NEF
2yr 2yr 3.48 3.34 3.46
3yr 3yr 3.79 3.64 3.77
5yr 5yr 4.20 4.03 4.18
5yr 20yr 4.52 4.35 4.50
7yr 7yr 4.53 4.34 4.51
10yr 10yr 4.87 4.67 4.85
10yr 20yr 5.11 4.91 5.09
15yr 15yr 5.25 5.05 5.23
20yr 20yr 5.51 5.31 5.49
20yr 30yr 5.68 5.48 5.66

HLB-Option Indications
Please call the Money Desk, at 1-800-357-3452, for indications on specific structures. ($10 million minimum - Orders for HLB-Option advances of less than $10 Million will be aggregated with other requests for advances with identical terms and will be executed when orders total $10 million.)
Indications as of
10:28 AM
July 23, 2008
Note: Indications Only
Legal Disclaimer
Maturity 1st Call Rate
2yr 3mo 2.78
2yr 6mo 2.95
2yr 1yr 3.26
3yr 3mo 2.74
3yr 6mo 2.94
3yr 1yr 3.22
3yr 2yr 3.84
4yr 3mo 2.79
4yr 6mo 2.96
4yr 1yr 3.23
5yr 3mo 2.70
5yr 6mo 2.92
5yr 1yr 3.18
5yr 2yr 3.73
5yr 3yr 4.15
7yr 3mo 2.94
7yr 6mo 3.13
7yr 1yr 3.39
7yr 2yr 3.89
7yr 3yr 4.28
10yr 3mo 2.98
10yr 6mo 3.06
10yr 1yr 3.31
10yr 2yr 3.81
10yr 3yr 4.17

Member-Option Advances
Effective 01:52 PM
July 23, 2008
Maturity 1st Put Reg. CDA NEF
3 yr 1 yr 4.75 4.60 4.73
5 yr 1 yr 5.51 5.34 5.49
5 yr 3 yr 5.18 5.02 5.17
7 yr 1 yr 6.16 6.00 6.14
7 yr 3 yr 5.68 5.52 5.66
10 yr 3 yr 6.05 5.90 6.03



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