Welcome to FHLBank Indianapolis’ centralized COVID-19 blog to keep our Michigan and Indiana members apprised of crucial business information, regulatory requirements, or other important updates during the COVID-19 Pandemic. We are open for business as always, and are committed to serving your needs during this time.

Don’t hesitate to contact us at memberservices@fhlbi.com with any questions or concerns.

Cindy Konich,
President and CEO 

COVID-19 Advances Program Extended Through July 31, 2020

The COVID-19 Advances Program has been extended through July 31, 2020. 

In April, FHLBank Indianapolis established two COVID-19 Relief Advance products to support its members’ liquidity needs in responding to the COVID-19 pandemic.

As a reminder, the COVID-19 Advances Program can be used:

  • To fund loans that have been disbursed or that have been approved for disbursal under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
  • To provide funding for other activities associated with the COVID-19 pandemic, which may include but are not limited to: mortgage servicing advances associated with payment deferrals and supplementing other delays in payments associated with the ordinary course of business.
  • Activities such as deferring insurance premium payments for customers or taking other measures to enhance the cash flow of customers will qualify.

    For more information, see our COVID-19 Advance Program Fact Sheet.
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    Rest assured that FHLBank Indianapolis is ready and able to meet our members' liquidity needs as the coronavirus spreads.

    But are you prepared from your end? 

    Please review this Coronavirus Preparedness letter from FHLBank President and CEO Cindy Konich to ensure your financial institution has everything it needs to access FHLBank Indianapolis liquidity during this time.