FHLBanks Office of Finance
Wen-Yuan Chang currently serves as an Application Development Manager at the FHLBanks Office of Finance since January 2020. Prior experience includes a significant tenure at Fannie Mae spanning from July 2001 to May 2019, where roles included Tech Lead and Development Lead for Desktop Underwriter, a key product. Additional positions at Fannie Mae included Senior Software Engineer and Software Engineer, along with the role of University Systems Technologist. Wen-Yuan Chang earned a degree from the University of Maryland between 1997 and 2001.
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).