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COFI

May 2009

11th District Monthly Weighted Average Cost of Funds Index

 Index Month   Index Value   Date Announced 
May 2009 1.832 June 30, 2009

The COFI is computed from data reported by COFI Reporting Members of the Federal Home Loan Bank of San Francisco. For May 2009, 26 eligible institutions reported COFI data.

Comparison to April 2009 Index Value

May 2009 April 2009
Index value 1.832% 1.380%
Average total funds* 96.1 billion 97.4 billion
     Average deposit accounts 34.4 billion 34.4 billion
     Average advances 29.4 billion 30.5 billion
     Average other borrowings 32.3 billion 32.5 billion
Total interest expense** 146.7 million 112.0 million

*Averages for a month consist of the simple average of the monthend balances for that month and the prior month for total funds, deposit accounts, advances, and other borrowings.

**The total interest expense is derived from interest expense reported on deposit accounts, Federal Home Loan Bank advances, and other borrowings, adjusted for the number of days in the month. The adjustment factors for 2009 are 1.086 for February, 1.014 for 30-day months, and 0.981 for 31-day months.