Data Bank
Understanding SOFR: What It Is and How the Benchmark Rate Is Determined
The Secured Overnight Financing Rate—widely known as SOFR—has become the leading benchmark interest rate in the United States, replacing LIBOR and serving as the foundation for pricing trillions of dollars in financial contracts.
Understanding the Federal Home Loan Bank (FHLB) System
The Federal Home Loan Bank (FHLB) System is a crucial pillar of the U.S. financial system. This article breaks down how the system works, what regulations govern it, how banks use it, and why it matters to the overall financial markets.
