Advances

Advances are fully-collateralized borrowings that are offered to members.

Advances can be used to fund asset growth, to meet real-time liquidity needs, and to assist with managing and mitigating certain kinds of interest rate risks.

Advances are offered in terms ranging from overnight to 30 years, depending upon market conditions. Advances are highly customizable and may be in the form of bullets or amortizing, fixed or floating rates, and may contain embedded optionality (e.g. calls, puts, caps, floors). At-cost advances for qualifying economic or community investment purposes are also offered.

Contact Us

For more information or questions about our products, call the FHLBank Indianapolis Advances Desk at 800-442-2568.

Advances by Objective

Advances by Type

Fixed Rate

Short-Term Fixed-Rate Advances

Long-Term Fixed-Rate Advances

Symmetrical Fixed Rate Bullet Advances

Forward Starting Long-Term Fixed Rate Advances

Callable Fixed Rate Advances

Putable Advances

Mortgage Advance

Floating Rate

Adjustable Rate Advances

Variable Rate Advances

Structured Advances

Symmetrical Fixed Rate Bullet Advances

Forward Starting Long-Term Fixed Rate Advances

Callable Fixed Rate Advances

Putable Advances

New Offering!

CDFI Rate Buydown Advance

The Federal Home Loan Bank of Indianapolis is launching a new program designed to assist community development financial institutions in supporting housing and economic development in underserved communities. CDFI Rate Buydown Advances will serve as a low-cost source of capital for non-depository CDFIs headquartered in our district of Indiana and Michigan. CDFI Rate Buydown Advances allow non-depository CDFI member institutions to borrow directly from the Bank while also encouraging other member financial institutions to lend to non-depository CDFIs, regardless of Bank membership.

Learn more here.

Test Your Line

Video: Click here to learn the importance of testing your line to ensure you have instant access to the liquidity you need.

Credit Products Guide

Please Contact Credit Services at 800.442.2568 for assistance.

How to Establish Credit

Learn how to establish credit

DocuSign Signature Management

In order to manage our agreements electronically, FHLBank Indianapolis is utilizing DocuSign (a third-party electronic signature management tool) for certain documents/contracts. The intention is to hasten the process of executing and returning documents without the time and expense associated with routing, executing, and mailing the physical documents. Learn more about our implementation of DocuSign.