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WHAT IS THE COFI INDEX?

April 26, 2017cofi index

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WHAT IS THE COFI INDEX?

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A .What is the 11th District Cost of Funds Index? The Federal Home Loan Bank (FHLB) System is comprised of 12 Districts, each of which has its own District Bank-The 11th District is based in San Francisco and includes member savings institutions from Arizona, California and Nevada. The 11th District COFI was introduced in 1981 and represents the weighted average cost of all funds for savings institutions eligible to be members of the 11th District. The source of these funds includes savings and checking accounts, money market accounts, short-term CD accounts, advances by the FHLB District Bank, and other borrowed money.