FHLB Backs LOCs Securing District Bank Deposits
Hewlett-Woodmere Union Free School DistrictSchool · Woodmere, NY- Disclosed value
- $40,000,000 combined maximum credit support
- From report
- Document date
- Feb 28, 2025
The 30-second brief
The Federal Home Loan Bank (FHLB) backs letters of credit totaling up to $40 million for TD Bank and Flushing Commercial Bank, enhancing collateralization of Hewlett-Woodmere UFSD deposits. These arrangements underpin the district's secured banking relationships.
FHLB holds this financial services contract with Hewlett-Woodmere Union Free School District. Its other public contracts on record include work for Temecula Preparatory and Beaverton School District 48J.
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Contract details
- Contract type
- Financial Services
- Amount
- $40,000,000 combined maximum credit support
- Document date
- February 28, 2025
- Vendor
- FHLB
- Source document
- Hewlett-Woodmere Union Free School District Treasurer's Report 2025-02-28 (Report)
FHLB's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Hewlett-Woodmere Union Free School District?
FHLB was awarded this financial services contract by Hewlett-Woodmere Union Free School District, as recorded on February 28, 2025. The contract value is $40,000,000 combined maximum credit support.
How much is the FHLB contract with Hewlett-Woodmere Union Free School District worth?
The FHLB contract with Hewlett-Woodmere Union Free School District is valued at $40,000,000 combined maximum credit support, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Hewlett-Woodmere Union Free School District Treasurer's Report 2025-02-28 (Report), dated February 28, 2025 from Hewlett-Woodmere Union Free School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does FHLB hold?
FHLB may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Hewlett-Woodmere Union Free School District currently buying?
Explore Hewlett-Woodmere Union Free School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.