cost of funds index


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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.

References in periodicals archive ?
The External Financial Linkages index and Economic Activity Index have shown an improvement in the ongoing Q4 vis-a-vis the previous quarter, while there has been a compression in the cost of funds index. The CII-IBA Financial Conditions Index stood at 53.2 for the fourth quarter (Q4) of 2017-18 as against 65.3 in the October-December period.
4 September 2012 - The Federal Home Loan Bank of San Francisco said that the 11th District Monthly Weighted Average Cost of Funds Index ("COFI") for July 2012 is 1.094%.
Among the more recent wave of ARM product developments, we have seen the movement east of cost of funds - indexed (COFI) ARMs tied to the popular Federal Home Loan Bank 11th District Cost of Funds Index. Also, making a renewed showing are LIBOR ARMs tied to the London Interbank Offered Rate and 10:1 ARMs with rates that remain fixed for 10 years and then adjust annually.