FHL Bank earnings positive
The Federal Home Loan Banks of Des Moines, Chicago and Topeka reported earnings results for 2010.
The Federal Home Loan Bank of Des Moines reported unaudited 2010 net income of $133 million, compared to $145.9 million in 2009.
The bank reported that its advance business declined, as demand for liquidity waned. As a result, the bank recorded significantly more income from prepayment fees, $174.0 million in 2010 . . .
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