FHLB Issues Letters of Credit Backing District Deposits
Hewlett-Woodmere Union Free School DistrictSchool · Woodmere, NY- Disclosed value
- $20,000,000 maximum credit amount (per LOC with TD Bank); $20,000,000 maximum credit amount (per LOC with Flushing Commercial Bank)
- From report
- Document date
- Feb 28, 2026
The 30-second brief
The Federal Home Loan Bank provides letters of credit up to $20 million each to secure the district’s deposits at TD Bank and Flushing Commercial Bank. These LOCs enhance collateralization for public funds on deposit.
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
- $20,000,000 maximum credit amount (per LOC with TD Bank); $20,000,000 maximum credit amount (per LOC with Flushing Commercial Bank)
- Document date
- February 28, 2026
- Vendor
- FHLB
- Source document
- Hewlett-Woodmere Union Free School District Treasurer's Report February 28, 2026 (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, 2026. The contract value is $20,000,000 maximum credit amount (per LOC with TD Bank); $20,000,000 maximum credit amount (per LOC with Flushing Commercial Bank).
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 $20,000,000 maximum credit amount (per LOC with TD Bank); $20,000,000 maximum credit amount (per LOC with Flushing Commercial Bank), 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 February 28, 2026 (Report), dated February 28, 2026 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.