|
Collateral Policy and Procedures
The FHLBI secures all advances. The availability of its advances to each borrower is based in part on the degree of
security provided via the collateralization of advances. The following links outline some key portions of the FHLBI
collateral policy as well as a portion of the collateral procedures. A complete copy of the FHLBI collateral procedures
can be obtained from the credit services department. Although the FHLBI will make every effort to keep each member
apprised of any significant changes to its collateral policy or collateral procedures, it reserves the right to change
any collateral policy or procedure set forth on this website at any time without advance notice.
> Collateral Policy Guidelines
1. Specific Listings and Physical Possession Collateral
2. Blanket Collateral
Collateral Procedures – the Guidelines for Selection for the following
asset types
1. Whole First Mortgage Loans (Category 1 Collateral)
2. Government Securities, Agency Securities and Securities representing a
Whole Interest in First Mortgages (Categories 2 and 3 Collateral)
3. Multifamily Whole First Mortgage Loans (Category 5 Collateral)
Updated: September 11, 2008
|
