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May 2008
11th District Monthly Weighted Average Cost of Funds Index
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Index Value |
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Date Announced |
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| May 2008 |
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2.918 |
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June 30, 2008 |
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The COFI is computed from data reported by COFI Reporting Members of the Federal
Home Loan Bank of San Francisco. For May 2008,
28 eligible institutions reported COFI data.
Comparison to April 2008 Index Value
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May 2008 |
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April 2008 |
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| Index value |
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2.918% |
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3.111% |
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| Average total funds* |
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404.4 billion |
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407.4 billion |
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| Average deposit accounts |
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243.5 billion |
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239.1 billion |
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| Average advances |
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111.6 billion |
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114.1 billion |
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| Average other borrowings |
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49.3 billion |
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54.2 billion |
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| Total interest expense** |
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983.2 million
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1,056.3 million
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*Averages for a month consist of the simple average of the monthend balances for that month and the prior month for total funds, deposit accounts, advances, and other borrowing.
**The total interest expense is derived from interest expense reported on deposit accounts, Federal Home Loan Bank advances, and other borrowings, adjusted for the number of days in the month. The adjustment
factors for 2008
are 1.052 for February, 1.017 for 30-day months, and 0.984 for 31-day months. |
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Monthly