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Cost of funds index information


A cost of funds index or COFI is a regional average of interest expenses incurred by financial institutions, which in turn is used as a base for calculating variable rate loans. The interest rate on an adjustable rate mortgage, for example, is often linked to a regional COFI specified in the particular loan documents. COFIs, in turn, are usually calculated by a self-regulatory agency like Federal Home Loan Banks. In California, for example, many home mortgage loans are indexed to the Federal Home Loan Bank of San Francisco. Interest rates on COFI loans and mortgages tend to fluctuate more slowly than variable-rate loans linked to other indexes. An index used to determine interest rate changes for some adjustable-rate mortgages. The 11th District Cost of Funds Index was first introduced in December 1982. It is a National Monthly Median Cost of Funds defined as interest (dividends) paid or accrued on deposits for Western American Financial Institutions. It is calculated on the last day of the month.

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Cost of funds index

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A cost of funds index or COFI is a regional average of interest expenses incurred by financial institutions, which in turn is used as a base for calculating...

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Index fund

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Index funds may also have rules that screen for social and sustainable criteria. An index fund's rules of construction clearly identify the type of companies...

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The Vanguard Group

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credited with the creation of the first index fund available to individual investors and was a proponent and major enabler of low-cost investing by individuals...

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Cost of living

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operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic...

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Russell 1000 Index

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RUI or ^RUI. There are several exchange-traded funds and mutual funds that track the index. Technology Consumer Discretionary Industrials Health Care Financials...

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Stock market index

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In finance, a stock index, or stock market index, is an index that measures the performance of a stock market, or of a subset of a stock market. It helps...

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Enhanced indexing

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returns compared to traditional index funds and other passive management techniques. Enhanced indexing combines elements of passive management and active...

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Purchasing power parity

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consume different baskets of goods. It is necessary to compare the cost of baskets of goods and services using a price index. This is a difficult task...

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Investment fund

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ongoing costs of maintaining the portfolio. Many passive funds are index funds, which attempt to replicate the performance of a market index by holding securities...

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COFI

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Wales (colloquial demonymic usage) Cofi dialect/accent of the Welsh language Cost of funds index (COFI), in banking This disambiguation page lists articles...

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Opportunity cost

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In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to...

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Consumer price index

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philosophy of the index is that it is inspired by and approximates the notion of a true cost of living (constant utility) index, whereas in most of Europe...

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Passive management

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market-weighted index or portfolio. Passive management is most common on the equity market, where index funds track a stock market index, but it is becoming...

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Hedge fund

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ensuring that the return of the index is available to shareholders. To create an investable index, the index provider selects funds and develops structured...

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Cost escalation

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Cost escalation can be defined as changes in the cost or price of specific goods or services in a given economy over a period. This is similar to the...

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Housing affordability index

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indication of the cost of living in an area; with that said, a cost-of-living index would provide such information in more detail. The Bank of Canada has...

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NIFTY 50

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The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National...

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Divisia monetary aggregates index

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value of Divisia monetary aggregates over the traditional federal funds rate as indicators of monetary policy. Barnett, William A. "The User Cost of Money"...

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Hargreaves Lansdown

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company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company was founded on 1 July 1981 by Peter Hargreaves and...

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Earned value management

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(PMI), Cost performance index is a "measure of the cost efficiency of budgeted resources expressed at the ratio of earned value to actual cost." C P I...

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Tracking error

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typically an index. Some portfolios, notably index funds, are expected to replicate, before trading and other costs, the returns of an index exactly, while...

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State Street Global Advisors

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management division of State Street Bank and Trust. The firm was a pioneer in the development of domestic and international index funds. In 1990, it was...

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The Little Book of Common Sense Investing

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investing, by John C. Bogle, the founder and former CEO of the Vanguard Group. He focuses on index funds, which will give the investor the average market return...

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