Combined earnings of the 12 Federal Home Loan Banks totaled $2.4 billion in 2005, up 25% from 2004, according to preliminary report by the FHLBank's Office of Finance.The un-audited 2005 results show that advances rose 7% to $620 billion and investments grew by 18% to $259 billion. However, holdings of one-to-four family loans purchased from FHLBank members declined by 8% to $105 billion. "Net income increased in 2005 over 2004 due to higher interest income on advances and investments as a result of increased volume and higher yields," the Office of Finance said.
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