Ability to ​Show Borrowing Capacity

Once you've become an member, there are some additional steps required to establish borrowing capacity and ​establish the ability to execute a credit transaction:

1. Complete Borrowing Agreements

FHLBI requires all members to provide executed and signed Certified Resolution for Advances and Advances Pledge & Securities Agreements (APSA), as well as a Correspondent Services Agreement (CSA) outlining terms of use for our correspondent services and cash transfer capabilities. Additional agreements may also be required based on individual member standing and collateral arrangement. FHLBI Account Managers and Credit Dept staff will work with you to help you complete the process.

2. Pledge Collateral

To protect all members' interests, FHLBI requires that all borrowings and outstanding lines and letters of credit be fully collateralized. The bank accepts a wide menu of securities, loans, and cash assets as collateral for securing advances and other credit products. Borrowing by members is limited by the amount and value of the member’s total eligible collateral pledged to the FHLBI. Further ​information regarding collateral eligibility, market valuation, pledge requirements, and over-collateralization requirements can be obtained by contacting an FHLBI Marketing Department Account Manager
at 1-800-442-2568.

3. Hold Stock to Support Activity

When joining FHLBI, an institution becomes a member after completing the application process and purchasing the required amount of FHLBI stock. However, when activity is done by a member, such as executing a credit transaction, an additional stock purchase may be needed. The FHLBI Capital Plan provides an overview of the activity stock requirement.

To learn more about becoming an FHLBI member and the process for obtaining credit, ​access the Department Directory to view contact information for an FHLBI Account Manager.