FHLBanks Office of Finance
Jennifer Williams Versaw, CPA, currently serves as the Sr. Manager of Accounting Operations, Budgeting, and Supplier Diversity at the FHLBanks Office of Finance since July 2015, where responsibilities include accounting operations, budgeting, and forecasting, along with consulting on SEC financial statement preparation. Prior experience includes acting as Chief Financial Officer at Relativity Capital and holding roles such as Director of Financial Reporting at both Analex and BAE Systems, focusing on SEC filing preparations and audit coordination. Jennifer's early career features positions including Controller at ISR Solutions and Invicta, as well as financial reporting roles at Global Telesystems, and held assistant corporate controller positions at SAPCEHAB and Criimi Mae. Jennifer holds a BS in Business Administration and Finance from High Point University and an Associate of Arts and Sciences in Accounting from Northern Virginia Community College.
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FHLBanks Office of Finance
Located in Reston, Virginia, a suburb of Washington, D.C., the Office of Finance (OF) is operated on behalf of the 11 regional FHLBanks. Its primary function is to issue and service all debt securities for the FHLBanks, while obtaining the most cost-effective terms possible given current market conditions. Related activities include the compilation and publication of the combined financial statements, analysis and joint development of new funding opportunities, and educational outreach to inform investors and other interested parties about FHLBank debt products. These efforts can include investor road shows, sales conferences, adopting dealer/FHLBank recommendations, preparing brochures and educational materials, and enhancing the Office of Finance website. The OF also provides the FHLBanks with credit and general capital market information/data, and manages the relationship with the credit rating agencies. In addition, the OF administers two tax-exempt government corporations, the Financing Corporation (FICO) and the Resolution Funding Corporation (REFCORP).