Transactions With Other Fhlbanks

6 Months Ended

Jun. 30, 2011

Transactions With Other Fhlbanks

Transactions With Other Fhlbanks

NOTE 17 – TRANSACTIONS WITH OTHER FHLBANKS

FHLBank Topeka had the following business transactions with other FHLBanks during the three- and six-month periods ended June 30, 2011 and 2010 (in thousands). All transactions occurred at market prices.

Business Activity	Three-month Period Ended		Six-month Period Ended
	06/30/2011	06/30/2010	06/30/2011	06/30/2010
Average overnight interbank loan balances to other FHLBanks1	$824	$0	$1,657	$829
Average overnight interbank loan balances from other FHLBanks1	12,099	7,088	7,022	3,840
Average deposit balance with FHLBank of Chicago for shared expense transactions2	46	36	52	42
Average deposit balance with FHLBank of Chicago for MPF transactions2	25	24	25	25
Transaction charges paid to FHLBank of Chicago for transaction service fees3	569	408	1,118	795
Par amount of purchases of consolidated obligations issued on behalf of other FHLBanks4	0	0	0	0

1	Occasionally, the FHLBank loans (or borrows) short-term funds to (from) other FHLBanks. Interest income on loans to other FHLBanks and interest expense on borrowings from other FHLBanks are separately identified on the Statements of Income.
2	Balance is interest bearing and is classified on the Statements of Condition as interest-bearing deposits.
3	Fees are calculated monthly based on 5.5 basis points per annum of outstanding loans originated since January 1, 2010 and are recorded in other expense. For outstanding loans originated since January 1, 2004 and through December 31, 2009, fees are calculated monthly based on 5.0 basis points per annum.
4	Purchases of consolidated obligations issued on behalf of one FHLBank and purchased by the FHLBank occur at market prices with third parties and are accounted for in the same manner as similarly classified investments. Outstanding balances are presented in Note 3. Interest income earned on these securities totaled $1,396,000 and $2,642,000 for the three-month periods ended June 30, 2011 and 2010, respectively. For the six-month periods ended June 30, 2011 and 2010, interest income earned on these securities totaled $2,791,000 and $6,153,000, respectively.