Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab > FHLB Class

Entry: System, alphanumeric

F/M: Yes

Mnemonic: LNFHLC

Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab

 

The FHLB Type and FHLB Class fields hold the loan type and class as defined by FHLB. The type code will be reported to FHLB as the loan type, and the class code as the loan classification, through the FHLB collateral tape. Loan collateral instructions from the FHLB in your area will contain proper codes to enter in this field. GOLDPoint Systems cannot list codes because type and class codes may vary between each FHLB office. Thus, your area FHLB may request different codes than those received by GOLDPoint Systems.

 

Note: FHLB Type and Class fields will not be reported on the FHLB collateral tape unless the Pledged for Collateral field is checked.

 

Note: The FHLB San Francisco Collateral File (FPSRP209) does not use the FHLB type or class; instead, it uses the loan classification fields. However, if the loan has been sold on a participation basis and the portion your institution owns has also been pledged to the FHLB San Francisco, your institution's percent owned must appear in the FHLB Class field.