cost-of-funds index

cost-of-funds index
cost-of-funds index ( COFI)
The weighted-average interest rate paid by savings institutions to obtain funds. There are national and regional cost-of-fund indexes. The most common is the 11th District Federal Home Loan Bank COFI. A specific COFI index may be used as a benchmark rate for a floating-rate security. American Banker Glossary

Financial and business terms. 2012.

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