Lines of Credit

Lines of Credit (LOC) offer immediate short-term funds through a member's cash account at FHLBank Indianapolis.

The full amount of the Overdraft LOC may be drawn down without contacting the Advances Desk for each request. With the Overdraft LOC, there are no ratings triggers or debt covenants and no compensating balances.

As with all credit products, the full amount of the Overdraft LOC must be collateralized at all times and capital stock requirements apply.

The table below outlines the commitment fees associated with Overdraft Lines of Credit including those with maximum credit amounts above $5 million:

Commitment Amount Fee
<= $5 million 0.02% (2 bps)
>5 million & <=$25 million 0.05% (5 bps)
>$25 million 0.10% (10 bps)

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.