"The floods of 2008 devastated our community with some parts of Cedar Rapids considered unrecoverable. Our bank is only as strong as the community it serves and that makes us committed to rebuilding the community and getting businesses thriving again."
Gary M. Becker, Senior Vice President,
Cedar Rapids Bank and Trust
Cedar Rapids Bank and Trust
Cedar Rapids, Iowa, was among the locations most significantly impacted by the catastrophic floods along the Cedar River in the summer of 2008. Since the flood, Federal Home Loan Bank of Des Moines (FHLB) member, Cedar Rapids Bank & Trust, is helping many flood-affected individuals and businesses recover by providing financing for repair or reconstruction.
To support this effort, Cedar Rapids Bank & Trust secured $3.2 million through FHLB’s Investment Advance Program. These funds have been used to provide low rate loans, which have been primarily used by downtown businesses and building owners as they work to reopen their doors. Together, banks and communities are showing that dedication and solidarity can help overcome any disaster.
News/Events
Articles
Congressional Testimony
March 12, 2009
Statement of John von Seggern, President and CEO, Council of Federal Home Loan Banks Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, House Financial Services Committee Download PDF
March 12, 2007
Price Testimony before the U.S. House Financial Services Committee Download PDF
April 20, 2005
Christman Testimony before the U.S. Senate Committee on Banking Download PDF
March 9, 2005
Hehman Testimony before the U.S. House Financial Services Committee Download PDF
February 25, 2004
Rice Testimony before the U.S. Senate Committee on Banking Download PDF
October 16, 2003
Rice Testimony before the U.S. Senate Committee on Banking Download PDF
Press Releases
Guttau Assumes Council Leadership Position Download PDF
Council of Federal Home Loan Banks Announces
New Director of Congressional Relations Download PDF
Federal Home Loan Banks Support Hurricane Relief Efforts Download PDF
FHLBank-related Research
September 2005
Do Federal Home Loan Bank membership and advances increase bank risk-taking?
By Dusan Stojanovic, Mark D. Vaughan and Timothy J. Yeager Download PDF
February 2005
The Impact of Advances on Federal Home Loan Bank Portfolio Lending: A Statistical Analysis
By John A. Tuccillo, Ph. D., Frederick E. Flick, Ph. D., and Michelle R. Ranville, M.A. Download PDF
February 2005
A Comparative Analysis of FHLBank Mortgage Lending
By Marsha J. Courchane and Darcy Steeg of Welch Consulting Download PDF
Letters and Speeches
June 17, 2009
Tim Chrisman Addresses Global Financial Literacy Summit
The Power of Knowledge in an Economic Recovery
Download PDF
April 22, 2009
Mick Guttau Addresses FHLBank Directors Conference
The Job We Do
Download PDF
March 27, 2009
Public Comment to Financial Accounting Standards Board
Recognition and Presentation of Other-Than-Temporarily-Impairments
Download PDF
March 27, 2009
Public Comment Letter to Financial Accounting Standards Board
Determining Whether a Market is Not Active and a Transaction Is Not Distressed
Download PDF
November 7, 2008
Public Comment Letter to FDIC Download PDF
October 2, 2006
Letter to Chairman Rosenfeld from the FHLBanks Chairs and Vice Chairs Download PDF
May 2, 2006
Public Comment Letter to the Federal Housing Finance Board Download PDF
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