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The Bank is wholly owned by member financial institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. The Bank does not lend directly to the public, but provides low cost funds to its member institutions. Eligible members are financial institutions, regardless of size, with at least 10 percent of their assets in residential mortgage loans, or any FDIC-insured institution with average total assets over the preceding three year period of less than $500 million adjusted annually. The Bank's primary goal is to provide credit and other services to help members fund housing, small business, small agri-business and economic and community development loans in their communities. Bank advances (loans) supplement local deposits as a source of funds for members. The Bank also provides other financial and operational support services, including securities safekeeping, overnight and term deposit programs, and wire transfer services. The Bank also supports the expansion of affordable housing opportunities and community revitalization through specialized community investment and affordable housing advances and grant programs. The Bank contributes a percentage of its net income each year to an Affordable Housing Program which provides subsidized advances and grants for community housing programs initiated by the Bank's members. The Bank also offers advances at below normal interest rates for community reinvestment activities through the Bank's Community Investment and Economic Development Programs.

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