The Cost of Funds Index
(COFI) for the 11th District
reflects the interest
expenses reported for a given
month by the COFI Reporting
Members’ various sources of
funds. Only Arizona,
California, and Nevada
savings institutions that are
members of the Federal Home
Loan Bank of San Francisco
are eligible to be considered
for inclusion in the COFI.
The Bank reserves the right
to determine what type of
institution satisfies its
criteria for inclusion in the
COFI and its criteria may
change in the future to
reflect changes in relevant
law. The COFI is a ratio of
monthly interest expenses to
total funds, adjusted for
variation in the number of
days in that month,
annualized and expressed as a
percentage. The movement of
COFI is affected by a number
of factors, such as changes
in market interest rates, the
sources of funds used by the
COFI Reporting Members,
merger and acquisition
activities, and changes in
accounting rules or
regulatory reporting
instructions.
Source: Federal Home Loan Bank of San Francisco
Measured: Monthly
