FHLBanks Office of Finance
Swetha A. is a seasoned project management professional with extensive experience in the IT sector, currently serving as Senior Manager of the IT PMO at FHLBanks Office of Finance since October 2006. In this role, Swetha A. leads a division of about seven staff members and consultants to manage a diverse portfolio of approximately 25 projects annually, with a shared budget of around $4 million. Previous positions include PMO Manager, Principal Project Manager, and Senior Project Manager, along with a role as Project Manager at The Arlington Group from May 2004 to August 2006, and as Process Engineer at Honeywell Aerospace from October 2000 to January 2004. Educational credentials include a Bachelor of Science in Chemical Engineering from West Virginia University and a Bachelor of Science in Chemical Engineering from Osmania University College of Technology.
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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).