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FHLBank provides a variety of products and services tailored to address
the financial and operational needs of member institutions. A financial institution must be a
member stockholder of FHLBank to be eligible to participate in many of these programs.
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The Credit Services Department supports advances, letters of credit
and off-balance sheet products. These programs provide members with a readily-available, competitively-priced
source of funding which can be used for a wide array of asset/liability management purposes.
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The Mortgage Purchase Program (MPP) provides members with a competitive
alternative to selling residential mortgage loans in the secondary market. Under the MPP, the FHLBank
purchases conventional and FHA mortgage loans from member institutions.
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FHLBank also provides Analytical Services through its Open House Program and
financial modeling. The Open House Program includes several customized reports such as a demographic
profile of the member's market, historical financial market reports, and a peer group analysis. Members
can also analyze alternative strategic plans through the use of FHLBank interactive financial models.
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The FHLBank's Correspondent Services include AAA-rated Deposit
Programs, Securities Safekeeping, Wire Transfer, and Settlement Services.
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