How We Serve

The Federal Home Loan Bank of Indianapolis (FHLBI) is a regional wholesale bank that has been meeting the liquidity needs of member financial institutions throughout Indiana and Michigan since 1932. Our core mission is to provide a reliable source of liquidity to member banks, credit unions, community development financial institutions, and insurance companies to support housing finance, asset-liability management, and community lending.  We also help communities and families through grants and low-cost loans to our members that help support affordable housing and economic development initiatives.

FHLBI is one of 11 regional banks that make up the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions. FHLBanks are privately capitalized and funded, and receive no Congressional appropriations. The FHLBI is owned by its approximately 400 Indiana and Michigan financial institution members. Watch this 60 second video to learn more about how the FHLBanks support a nation of local lenders. 

Explore the many ways we serve our members or Contact Us to learn more about our products and services and membership process.

Member Benefits

As a cooperative, we pass our borrowing benefits in the global debt markets on to our members in the form of lower borrowing costs, which are subsequently passed on to consumers, businesses and communities. As an FHLBI member, you are a shareholder and we strive to serve your needs.

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Reliable Liquidity

FHLBI provides its members with safe, consistent and reliable access to the capital market at a competitive price. Our borrowing power is backed by the collective strength of 11 Federal Home Loan Banks nationwide.

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Mortgage Purchasing

FHLBI's Mortgage Purchase Program (MPP) provides members with a competitive secondary market outlet for high-quality, conforming, fixed-rate mortgages. Participating members can use this opportunity to reduce interest rate risk and create balance sheet flexibility.

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Community & Housing Programs

The FHLBI offers many programs to help finance local affordable housing and community development initiatives. All funding is made available to our members who in turn pass it along to assist homebuyers, homeowners, housing finance authorities, and community organizations.

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Our Membership

At FHLBI, our members are our owners. Our diverse base of bank, thrift, credit union, insurance, and community development financial institutions have access to products and services that help to promote the mission of supporting the housing market.

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In this section you will find forms relating to our Affordable Housing Program, our Board of Directors, policies, copies of our InDepth member magazine, forms and guides for our Mortgage Purchase Program and much more.

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Latest FHLBI News

FHLBank Indianapolis Awards $6.9M in Affordable Housing Grants

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) announced today that $6.9 million in affordable housing grants will be awarded to 16 affordable housing developments in Indiana, Michigan, and Ohio through the 2021 Affordable Housing Program (AHP). These AHP grants of up to $500,000 will support the acquisition, construction, or rehabilitation of properties for use as affordable homes.

FHLBank Indianapolis Declares Q3 2021 Dividends, Reports Earnings

On October 28, 2021, FHLBank Indianapolis issued its third quarter 2021 earnings release. Our Board of Directors declared dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.25% and 1.00%, respectively. The higher dividend rate on activity-based stock reflects the Board's discretion under our capital plan to reward members that use FHLBank Indianapolis in support of their liquidity need. The dividends will be paid in cash on October 29, 2021.
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