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cost of funds index

   Also found in: Acronyms, Wikipedia 0.02 sec.
cost of funds index (COFI)

A yield index based on the cost of funds to savings & loan institutions in the San Francisco Federal Home Loan Bank district. It is one of the indexes commonly used to set the rate of adjustable-rate mortgages.



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SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced September 29, 2006, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for August 2006 is 4.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced August 31, 2006, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for July 2006 is 4.
SAN FRANCISCO -- The Federal Home Loan Bank of San Francisco announced June 30, 2006, that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for May 2006 is 3.
 
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