Collateral Update - Lending Value Changes Expected in March 2022
October 27, 2021
We formally assess changes to the Schedule of Eligible Collateral annually, with updates to lending values typically occurring in the fourth quarter each year. As part of the current annual review, we are delaying our changes this year and expect to take proposed lending value changes to the Schedule of Eligible Collateral to the FHLBank Topeka board of directors for their review and approval at the March 2022 meeting. To align with this cadence change, we plan to conduct our annual four-part collateral webinar series (Collateral Reporting & Lending Values, Collateral Eligibility, Collateral Verification and Live Collateral Q&A) in April-May 2022.
We realize that many members will need to adjust their collateral reporting process as these changes occur, so we want members to be aware of this cadence change. We anticipate shifting back to our normal cadence for lending value changes in fall 2022.
If you have any questions about these changes, please contact Lance Liby, chief credit officer, at 785.478.8140, Tom Bliss, director of member credit analysis, at 785.478.8149 or Kylie Mergen, director of financial services, at 785.478.8203.