|Federal Home Loan Bank of San Francisco Releases March 2001 Cost of Funds Index
SAN FRANCISCO--April 30, 2001--The Federal Home Loan Bank of San Francisco announced April 30, 2001, that the monthly weighted average cost of funds index for 11th District savings institutions (``COFI'') for March 2001 is 5.198%. The index for February 2001 was 5.426%.
The COFI reflects the interest paid by savings institutions in Arizona, California and Nevada on their various sources of mortgage money. Changes in interest rates on adjustable rate mortgage loans offered by many financial institutions are tied to changes in the COFI.
For additional information and disclosures concerning the COFI, visit the Federal Home Loan Bank of San Francisco's website at www.fhlbsf.com.
Although the Federal Home Loan Bank of San Francisco reasonably attempts to ensure the accuracy of the COFI, the Bank does not warrant or guarantee the accuracy of the data it receives from its member savings institutions, the accuracy of the COFI calculation, or the accuracy of the COFI as published. The Bank does not examine the books and records of its member savings institutions, and the Bank expressly disclaims all liability that may arise from its use of inaccurate data received from its member savings institutions in calculating the COFI. In addition, the Bank expressly disclaims any liability to any person for any inaccuracy in the COFI, regardless of the cause, or for any resulting damages.
The Bank accepts cost of funds data for a given month from the participating member savings institutions until 12:00 noon California time on the last business day of the following month and publishes the monthly COFI based on data received by that time. The Bank will not revise or republish the monthly COFI based on new or corrected data received after that time and expressly disclaims all liability that may arise as a result. In addition, although the Bank makes a good faith effort to publish the monthly COFI on the last business day of the following month at or after 3:00 p.m. California Time, the Bank does not guarantee that it will always publish the monthly COFI at that date and time, and the Bank expressly disclaims any liability for any delay in publishing the monthly COFI.