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ARM Indexes: 11th District Cost of Funds, 2010s

(explanation)
Source: Federal Home Loan Bank of San Francisco

Alias Monthly Weighted Average Cost of Funds Index for Eleventh District Savings Institutions

 

Index Month Release Date Index Value
January 2010 02/26/2010 1.78600
February 2010 03/31/2010 1.61400
March 2010 04/30/2010 1.85900
April 2010 05/28/2010 1.82500
May 2010 06/30/2010 1.79100
June 2010 07/30/2010 1.79700
July 2010 08/31/2010 1.75300
August 2010 09/30/2010 1.71300
September 2010 10/29/2010 1.66300
October 2010 11/30/2010 1.65400
November 2010 12/31/2010 1.57100
December 2010 01/31/2011 1.50800

Index Month Release Date Index Value
January 2011 02/28/2011 1.48400
February 2011 03/31/2011 1.46900
March 2011 04/29/2011 1.45200
April 2011 05/31/2011 1.35900
May 2011 06/30/2011 1.36000
June 2011 07/29/2011 1.33800
July 2011 08/31/2011 1.35000
August 2011 09/30/2011 1.31600
September 2011 10/31/2011 1.27600
October 2011 11/30/2011 1.21800
November 2011 12/30/2011 1.20100
December 2011 01/31/2012 1.22100

Index Month Release Date Index Value
January 2012 02/29/2012 1.22400
February 2012 03/30/2012 1.20600
March 2012 04/30/2012 1.16300
April 2012 05/31/2012 1.14000
May 2012 06/29/2012 1.11800
June 2012 07/31/2012 1.11600
July 2012 08/31/2012 1.09400
August 2012 09/28/2012 1.06900
September 2012 10/31/2012 1.03800
October 2012 11/30/2012 1.01100
November 2012 12/31/2012 1.00000
December 2012 01/31/2013 1.07100

Index Month Release Date Index Value
January 2013 02/28/2013 0.96200
February 2013 03/29/2013 0.99900
March 2013 04/30/2013 0.96700
April 2013 05/31/2013 0.97000
May 2013 06/28/2013 0.95100
June 2013 07/31/2013 0.95400
July 2013 08/30/2013 0.95400
August 2013 09/30/2013 0.95600
September 2013 10/31/2013 0.95700
October 2013 11/29/2013 0.96300
November 2013 12/31/2013 0.78300
December 2013 01/31/2014 0.78400

Index Month Release Date Index Value
January 2014 02/28/2014 0.76800
February 2014 03/31/2014 0.70900
March 2014 04/30/2014 0.70100
April 2014 05/30/2014 0.68200
May 2014 06/30/2014 0.66700
June 2014 07/31/2014 0.66800
July 2014 08/29/2014 0.67600
August 2014 09/30/2014 0.66700

For other decades, click here.

The 11th District Cost of Funds index is used primarily for ARMs with monthly interest rate adjustments. (To verify or compute your ARM's rate, use our ARM Check Kit.) The 11th District represents the savings institutions (savings & loan associations and savings banks) headquartered in Arizona, California and Nevada. The cost of funds reflects the interest paid by institutions for savings accounts, FHLB advances, money borrowed from commercial banks, and other sources.

Since the largest part of a cost of funds index is interest paid on savings accounts, this index lags market interest rates. As a result, ARMs tied to this index rise (and fall) more slowly than rates in general. However, such ARMs often have payment caps, but no month-to-month interest rate caps.

Please note that the 11th District COF index is a lagging index . The index value for a particular month is not reported until the end of the next month. Thus, the 11th COF index for the month of March is reported on the last business day of April; the October value is reported on the last business day of November; etc. (The index value is released after 3 PM Pacific time, or after 6 PM Eastern time.)

The latest value of this index is posted in the Current Indexes table.

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