Citigroup Global Transaction Services has been appointed custodian for $300 billion in assets serviced by seven of the 12 Federal Home Loan Banks, according to the company.Citigroup said the deal represents "one of the largest such appointments in the history of the transaction services industry." Citigroup has been appointed custodian for the FHLBanks of Chicago, Des Moines (Iowa), Indianapolis, New York, Pittsburgh, San Francisco, and Topeka (Kan.). Prior to the appointment, Citigroup already served as custodian for an additional $130 billion of assets serviced by the FHLBanks of Atlanta and Boston.
Processing Content
