Safekeeping
Our easy-to-use safekeeping services can reduce the time your staff spends monitoring balances.
FHLBank Topeka has provided safekeeping services for more than 40 years and currently services a member portfolio of approximately $43 billion -- more than 8,400 securities for 177 financial institutions.
Additional safekeeping benefits include competitive fees, knowledgeable staff and online intraday reporting.
ABOUT FHLBANK SAFEKEEPING
- State approved as a depository institution for securities pledged to public unit deposits
- Trade settlement processing (including transactions for physical securities, the Federal Reserve Bank and the Depository Trust Clearing Corp.)
- Detailed records maintain integrity and safety of your portfolio, including reporting statements of current holdings/market value and pledged security information
- Security pledging, joint custody, segregating and repurchase transactions
- Claims processing for timely resolution of payments for principal and interest, maturities, calls or other transactions having the potential to reduce income flow
- Pledging of FHLBank overnight deposits or certificates of deposit to a third party or to collateralize balances
FAQs
WHY SAFEKEEP FED BOOK ENTRY SECURITIES WITH FHLBANK?
If you settle your Fed book entry securities with us, you don’t have to worry about a daylight overdraft at the Fed. FHLBank Demand Deposit account debits and credits are settled at the end of the day, and unlike the Fed, we allow you to use your Fed book entry securities as collateral for FHLBank borrowings. Additionally, the Fed will not allow pledges to another depository financial institution, thus requiring you to safekeep with an approved third-party custodian. Safekeeping with FHLBank Topeka provides added ease and convenience of pledging your public unit deposits.
DOES FHLBANK OFFER THIRD-PARTY PLEDGING?
FHLBank is approved by the states of Colorado, Kansas, Nebraska and Oklahoma to hold securities pledged to public unit deposits. We offer Joint Custody pledging, repo pledging and pledging for special needs.
CAN OUR SECURITIES BE SEGREGATED FROM OUR CUSTOMERS’ SECURITIES?
A separate custodial account can be opened to accommodate this request. All payments and fees will still be debited and credited through your Demand Deposit Account.
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