Do the FHLBanks have a debt issuance calendar?
To successfully fulfill its commitment to the U.S. housing market, the FHLBank System must have flexibility to operate and manage its core business: serving the funding needs of member financial institutions. However, fixed-income markets also value predictability and transparency. As such, beginning in 2009 all FHLBank Globals will be transacted on scheduled dates – one per month (please see the November 25, 2008 press release). Also, some FHLBank programs (TAP Issues, American callable bonds, and selected discount notes) are auctioned using a schedule. American callables and TAP Issues are auctioned daily at 10:30am and 11:30am, respectively. Four discount note maturities (4-, 9-, 13-, and 26-week) are auctioned twice weekly, on Tuesdays and Thursdays at 12:10pm.
