Short-Term Advances
Variable-Rate Advance
Flexible, same-day funding to manage short-term liquidity needs
Advantages:
- No-fee funding for immediate cash needs
- 1- to 364- day advance
- Maximum flexibility at a competitive price
Repo Advance
Obtain competitively priced funds when using Treasury or Agency issued Mortgage-Backed, or CMO securities collateral
Advantages:
- Effectively utilize your securities portfolio as collateral
- No penalties for pledging smaller blocks of securities
- Receive the same low rates for AAA-rated Agency and Non-Agency securities
- Maturities from 2 days to 5 years
Fixed-Rate Advance
Achieve a wide variety of financial management goals, with maturities ranging from 2 days to 30 years
Advantages:
- Meet liquidity needs
- Fund long-term assets
- Lock in rates for future funding purposes
- Forward start dates are available
Fed Funds Floating Rate Advance
Fund a portion of your institution's daily cash position, while locking in a cheaper spread to Fed Funds for a longer period of time
Advantages:
- Locks in a spread to Fed Funds rate
- Immediate funding for various short-and medium-term uses
- Helps manage interest-rate risk more effectively
Product Details: