Agency Reports '06 Earnings of FHLBanks

The 12 Federal Home Loan Banks posted $2.6 billion in combined net income in 2006, up from $2.5 billion in 2005, according to a report by the FHLBanks' Office of Finance.The preliminary unaudited results show that the FHLBanks have $1.02 trillion in combined assets, and advances to member banks and thrifts totaled $641 billion as of Dec. 31. The Office of Finance said it expects to publish the 2006 Combined Financial Report for the FHLBanks on March 30, which would "mark a return to timely combined financial reporting." The agency can be found online at http://www.fhlb-of.com.