Federal Home Loan Bank Of Topeka (FHLBTO) |
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Federal Home Loan Bank Of Topeka's Comment on Competitors and Industry Peers
Advances: Demand for advances is affected by, among other things, the cost of
alternative sources of liquidity available to our members, including deposits
from members’ customers and other sources of liquidity that are available
to members. Members mostly access alternative funding other than advances through
the brokered deposit market and through repurchase agreements with commercial
customers. Large members may have broader access to funding through repurchase
agreements with investment banks and commercial banks as well as access to the
national and global credit markets. While the availability of alternative funding
sources to members can influence member demand for advances, the cost of the alternative
funding relative to advances is the primary consideration when accessing alternative
funding. Other considerations include product availability through the FHLBank,
the member’s creditworthiness, ease of execution, level of diversification,
and availability of member collateral for other types of borrowings.
Mortgage Loans: We are subject to competition in purchasing conventional, conforming
fixed rate residential mortgage loans and government-guaranteed residential
mortgage loans. We face competition in customer service, the prices paid for
these assets, and in ancillary services such as automated underwriting. The
most direct competition for purchasing residential mortgage loans comes from
the other housing GSEs, which also purchase conventional, conforming fixed rate
mortgage loans, specifically Fannie Mae and Freddie Mac. To a lesser extent,
we also compete with regional and national financial institutions that buy and/or
invest in mortgage loans. Depending on market conditions, these investors may
seek to hold, securitize, or sell conventional, conforming fixed rate mortgage
loans. We continuously reassess our potential for success in attracting and
retaining members for our mortgage loan products and services, just as we do
with our advance products. We compete for the purchase of mortgage loans primarily
on the basis of price, products, and services offered.
Debt Issuance: We compete with the U.S. government (including debt programs
explicitly guaranteed by the U.S. government), U.S. government agencies, Fannie
Mae, Freddie Mac, and other GSEs, as well as corporate, sovereign, and supranational
entities for funds raised through the issuance of unsecured debt in the national
and global capital markets. Collectively, Fannie Mae, Freddie Mac, and the FHLBanks
are generally referred to as the housing GSEs, and the cost of the debt of each
can be positively or negatively affected by political, financial, or other news
that reflects upon any of the three housing GSEs. If the supply of competing
debt products increases without a corresponding increase in demand, our debt
costs may increase, or less debt may be issued. We compete for the issuance
of debt primarily on the basis of rate, term, structure, and perceived risk
of the issuer.
Derivatives: The sale of callable debt and the simultaneous execution of callable
interest rate swaps with options that mirror the options in the debt have been
an important source of competitive funding for us. As such, the depth of the
markets for callable debt and mirror-image derivatives is an important determinant
of our relative cost of funds. There is considerable competition among high-credit-quality
issuers, especially among the three housing GSEs, for callable debt and for
derivatives. There can be no assurance that the current breadth and depth of
these markets will be sustained.
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
Who are Federal Home Loan Bank Of Topeka's Competitors?
Federal Agricultural Mortgage Corporation Share Performance
0.00%
One Year
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Federal Agricultural Mortgage Corporation
Profile
Federal Agricultural Mortgage Corporation, also known as Farmer Mac, operates as a government-sponsored enterprise in the United States. It provides a secondary market for agricultural real estate loans, rural utilities, and rural housing loans, by purchasing and guaranteeing them.
More about Federal Agricultural Mortgage Corporation's Market Share
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Federal Home Loan Bank Of Atlanta Share Performance
0.00%
This Quarter
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Federal Home Loan Bank Of Atlanta
Profile
The Federal Home Loan Bank of Atlanta operates as a member-owned cooperative that provides funding, liquidity, and community development assistance to its member financial institutions, fostering housing and economic growth. It achieves this by offering low-cost loans, mortgage-backed securities, and other financial services to its members, who in turn use these resources to support affordable housing initiatives and serve the credit needs of their communities.
More about Federal Home Loan Bank Of Atlanta's Market Share
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Federal Home Loan Bank Of Boston Share Performance
0.00%
Over The Past 5 Days
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Federal Home Loan Bank Of Boston
Profile
The Federal Home Loan Bank of Boston operates as a cooperative bank that provides wholesale lending services to its member financial institutions. It raises funds through the issuance of debt securities and uses these funds to provide low-cost loans and other financial services to member banks and credit unions to support mortgage lending, community development, and affordable housing initiatives. The bank's main objective is to promote stability and liquidity in the housing finance market while helping its members to better serve their communities.
More about Federal Home Loan Bank Of Boston's Market Share
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Federal Home Loan Bank Of Cincinnati Share Performance
0.00%
One Year
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Federal Home Loan Bank Of Cincinnati
Profile
Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) operates as a government-sponsored enterprise that supports its member financial institutions by providing them with access to low-cost funding and other financial services. It accomplishes this by issuing debt securities and making loans to its members, including community banks, credit unions, and insurance companies. FHLB Cincinnati generates revenue primarily through interest income earned on its loan portfolio and the fees it charges for providing its services.
More about Federal Home Loan Bank Of Cincinnati's Market Share
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Federal Home Loan Bank Of Dallas Share Performance
0.00%
Over The Past 5 Days
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Federal Home Loan Bank Of Dallas
Profile
The Federal Home Loan Bank of Dallas operates as a cooperative, providing low-cost funding and other banking services to its member institutions for housing finance and community development. By leveraging their cooperative structure, the bank aims to support its members in meeting the housing needs of their communities and promoting economic growth in the region.
More about Federal Home Loan Bank Of Dallas's Market Share
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Federal Home Loan Bank Of Des Moines Share Performance
0.00%
Over The Past 5 Days
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Federal Home Loan Bank Of Des Moines
Profile
The Federal Home Loan Bank of Des Moines operates as a cooperative providing low-cost financial services, such as loans and credit, to member banks and financial institutions in order to promote homeownership and economic development in its region.
More about Federal Home Loan Bank Of Des Moines's Market Share
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Federal Home Loan Bank Of Indianapolis Share Performance
0.00%
30 Days
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Federal Home Loan Bank Of Indianapolis
Profile
The Federal Home Loan Bank of Indianapolis operates as a cooperative providing low-cost funding and other financial services to its member institutions, which include commercial banks, credit unions, and insurance companies, in order to promote housing and community development. Their business model revolves around providing liquidity, interest rate risk management, and other products and services to assist member institutions in meeting the housing finance needs of their communities.
More about Federal Home Loan Bank Of Indianapolis's Market Share
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Federal Home Loan Bank Of Pittsburgh Share Performance
0.00%
This Quarter
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Federal Home Loan Bank Of Pittsburgh
Profile
The business model of the Federal Home Loan Bank of Pittsburgh revolves around providing reliable and affordable funding to member institutions, including commercial banks, credit unions, and community development financial institutions, through the sale of shares and the use of collateralized loans and advances, in order to support the availability of housing finance and promote community development in the region.
More about Federal Home Loan Bank Of Pittsburgh's Market Share
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Federal Home Loan Bank Of San Francisco Share Performance
0.00%
Over The Past 5 Days
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Federal Home Loan Bank Of San Francisco
Profile
The Federal Home Loan Bank of San Francisco operates as a cooperative bank that provides credit and other banking services to member financial institutions. It funds its operations through issuing debt securities, and uses these funds to provide loans and advances to its members in order to support housing and community development. The bank's business model revolves around serving as a reliable wholesale lender to its members and promoting affordable housing and economic growth in its district.
More about Federal Home Loan Bank Of San Francisco's Market Share
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Federal Home Loan Mortgage Corporation Share Performance
+153.01%
This Quarter
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Federal Home Loan Mortgage Corporation
Profile
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, operates as a government-sponsored enterprise in the United States. Its business model revolves around purchasing residential mortgages from lenders, packaging them into mortgage-backed securities, and selling them to investors. Through this process, Freddie Mac provides liquidity to the mortgage market and encourages homeownership by increasing the availability of mortgage funds.
More about Federal Home Loan Mortgage Corporation's Market Share
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Federal National Mortgage Association Fannie Mae Share Performance
-16.93%
Over The Past 5 Days
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Federal National Mortgage Association Fannie Mae
Profile
The business model of Federal National Mortgage Association (Fannie Mae) revolves around facilitating the flow of money into the mortgage market. Fannie Mae does this by buying mortgages from banks and other lenders, bundling them into mortgage-backed securities, and then selling these securities to investors. By doing so, Fannie Mae helps to provide liquidity to the housing market, making it easier for individuals and families to secure home loans.
More about Federal National Mortgage Association Fannie Mae's Market Share
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