Pension And Postretirement Benefit Plans

6 Months Ended

Jun. 30, 2011

Pension And Postretirement Benefit Plans

Pension And Postretirement Benefit Plans

NOTE 13 – PENSION AND POSTRETIREMENT BENEFIT PLANS

The FHLBank maintains a benefit equalization plan (BEP) covering certain senior officers. This non-qualified plan contains provisions for a deferred compensation and a defined benefit component. The BEP is, in substance, an unfunded supplemental retirement plan.

Components of the net periodic pension cost for the defined benefit portion of the FHLBank's BEP for the three- and six-month periods ended June 30, 2011 and 2010, were (in thousands):

	Three-month Period Ended		Six-month Period Ended
	06/30/2011	06/30/2010	06/30/2011	06/30/2010
Service cost	$106	$66	$212	$132
Interest cost	117	98	235	196
Amortization of prior service cost	0	(2)	0	(3)
Amortization of net loss	89	46	178	91
NET PERIODIC POSTRETIREMENT BENEFIT COST	$312	$208	$625	$416