SAN FRANCISCO - (Business Wire) The Federal Home Loan Bank of San Francisco announced September 30, 2009, that the 11th District Monthly Weighted Average Cost of Funds Index (“COFI”) for August 2009 is 1.412%. The index for July 2009 was 1.473%.
The COFI is computed from the actual interest expense reported for a given month by the Arizona, California, and Nevada savings institutions members of the Federal Home Loan Bank of San Francisco that satisfy the Bank’s criteria for inclusion in the COFI (“COFI Reporting Members”). Changes in interest rates on adjustable rate mortgage loans offered by many financial institutions are tied to changes in the COFI.
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History of COFI The Federal Home Loan Bank of San Francisco first published the 11th District Monthly Weighted Average Cost of Funds Index on August 28, 1981, for the month of July 1981.
Index Month Index Value Date Announced August 2009 1.412 September 30, 2009 July 2009 1.473 August 31, 2009 June 2009 1.599 July 31, 2009 May 2009 1.832 June 30, 2009 April 2009 1.380 May 29, 2009 March 2009 1.627 April 30, 2009 February 2009 2.003 March 31, 2009 January 2009 2.455 February 27, 2009 December 2008 2.757 January 30, 2009 November 2008 3.155 December 31, 2008 October 2008 3.125 November 28, 2008 September 2008 2.769 October 31, 2008 August 2008 2.693 September 30, 2008 July 2008 2.698 August 29, 2008 June 2008 2.829 July 31, 2008 May 2008 2.918 June 30, 2008 April 2008 3.111 May 30, 2008 March 2008 3.280 April 30, 2008 February 2008 3.560 March 31, 2008 January 2008 3.970 February 29, 2008 December 2007 4.072 January 31, 2008 November 2007 4.172 December 31, 2007 October 2007 4.233 November 30, 2007 September 2007 4.383 October 31, 2007 August 2007 4.359 September 28, 2007 July 2007 4.277 August 31, 2007 June 2007 4.283 July 31, 2007 May 2007 4.293 June 29, 2007 April 2007 4.224 May 31, 2007 March 2007 4.299 April 30, 2007 February 2007 4.376 March 30, 2007 January 2007 4.392 February 28, 2007 December 2006 4.396 January 31, 2007 November 2006 4.358 December 29, 2006 October 2006 4.346 November 30, 2006 September 2006 4.382 October 31, 2006 August 2006 4.277 September 29, 2006 July 2006 4.177 August 31, 2006 June 2006 4.090 July 31, 2006 May 2006 3.884 June 30, 2006 April 2006 3.759 May 31, 2006 March 2006 3.624 April 28, 2006 February 2006 3.604 March 31, 2006 January 2006 3.347 February 28, 2006 December 2005 3.296 January 31, 2006 November 2005 3.190 December 30, 2005 October 2005 3.074 November 30, 2005 September 2005 2.972 October 31, 2005 August 2005 2.870 September 30, 2005 July 2005 2.757 August 31, 2005
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