Letters of Credit
FHLB highly rated Letters of Credit (LOC) provide members with a competitive alternative to using traditional collateral to support public unit deposits and other financial transactions.
FHLB can issue or confirm standby LOCs on behalf of members to facilitate the following types of financial transactions with third parties:
- Public unit deposits
- Financing of residential housing
- Community lending
- Asset/Liability management
Types of LOCs
- Direct Pay
- Public Unit Deposit Standby
To learn more about our Letters of Credit products, contact Jeff Berryman or Lisa Wishart at 800-828-4191.