Year-End Procedures

December 21, 2015

Due to the potential for volatility in the liquidity markets during the holiday season, the FHLB has modified the following policies and procedures related to its services. These modifications will be in place until December 31, 2015.
 
The FHLB will reserve the right to price funds from incoming wires received after 2:00 p.m. EST, at the prevailing rate at that particular time. In order to ensure same day credit for incoming wires, the wire transfer must be received by 2:00 p.m. EST.
 
We would like to remind members that prepayments on many option-embedded Advance products require two business days for final settlement to occur. Therefore, please contact the Credit Department on or before December 29 to ensure settlement prior to year end on these types of Advances.  Also, prepayments on some Advances may be restricted on December 24 and 31. Please contact the Credit Department as soon as possible if you anticipate activity on either of these days.
 
In addition, the FHLB requires that all requests for Advances, MPP activity, Security Safekeeping settlements, Deposit services activity, and outgoing wire transfers, be made prior to 2:00 p.m. EST on December 24 and 31.
 
Thank you for your support of our programs and your cooperation with these special procedures.