Advances

General Terms. The FHLBank offers a wide range of fixed- and variable-rate Advance products with different maturities, interest rates, payment characteristics and optionality. At June 30, 2011 and December 31, 2010, the FHLBank had Advances outstanding, including Affordable Housing Program (AHP) Advances (see Note 13), at interest rates ranging from 0.00 percent to 9.20 percent. Advances with interest rates of 0.00 percent are AHP-subsidized Advances.

Table 7.1 - Advance Redemption Terms (dollars in thousands)



	June 30, 2011					December 31, 2010
Year of Contractual Maturity	Amount			Weighted Average Interest Rate		Amount			Weighted Average Interest Rate

Due in 1 year or less	$	6,044,502		1.32	%	$	6,418,438		1.39	%
Due after 1 year through 2 years	8,555,024			2.45		6,603,018			3.43
Due after 2 years through 3 years	1,749,543			2.63		3,908,985			1.35
Due after 3 years through 4 years	3,177,300			1.55		2,778,172			1.65
Due after 4 years through 5 years	3,505,651			1.95		1,943,751			1.57
Thereafter	5,545,528			2.28		7,859,330			2.30
Total par value	28,577,548			2.03		29,511,694			2.12

Commitment fees	(1,056		)			(1,095		)
Discount on AHP Advances	(25,117		)			(26,738		)
Premiums	4,299					4,469
Discount	(14,496		)			(13,318		)
Hedging adjustments	631,312					706,005

Total	$	29,172,490				$	30,181,017

The FHLBank offers Advances to members that may be prepaid on specified dates (call dates) without incurring prepayment or termination fees (callable Advances). Other Advances may only be prepaid subject to a fee to the FHLBank (prepayment fee) that makes the FHLBank financially indifferent to the prepayment of the Advance. At June 30, 2011 and December 31, 2010, the FHLBank had callable Advances (in thousands) of $10,406,501 and $10,525,489.

Table 7.2 - Advances Redemption Terms: Year of Contractual Maturity or Next Call Date for Callable Advances (in thousands)



Year of Contractual Maturity or Next Call Date	June 30, 2011		December 31, 2010
Due in 1 year or less	$	15,093,500	$	14,935,025
Due after 1 year through 2 years	5,515,024		5,968,018
Due after 2 years through 3 years	1,571,237		1,951,934
Due after 3 years through 4 years	1,521,884		1,351,351
Due after 4 years through 5 years	1,587,000		923,101
Thereafter	3,288,903		4,382,265
Total par value	$	28,577,548	$	29,511,694

The FHLBank also offers putable Advances. With a putable Advance, the FHLBank effectively purchases a put option from the member that allows the FHLBank to terminate the Advance at predetermined dates. The FHLBank normally would exercise its option when interest rates increase relative to contractual rates. At June 30, 2011 and December 31, 2010, the FHLBank had putable Advances, excluding those where the related put options have expired, totaling (in thousands) $6,513,650 and $6,658,150.

Through December 2005, the FHLBank offered convertible Advances. At June 30, 2011 and December 31, 2010, the FHLBank had convertible Advances, excluding those where the related conversion options have expired, totaling (in thousands) $1,228,500 and $1,356,000.

Table 7.3 - Advances Redemption Terms: Year of Contractual Maturity or Next Put/Convert Date for Putable/Convertible Advances (in thousands)



Year of Contractual Maturity or Next Put/Convert Date	June 30, 2011		December 31, 2010
Due in 1 year or less	$	13,425,152	$	14,071,588
Due after 1 year through 2 years	5,104,024		3,025,518
Due after 2 years through 3 years	1,537,943		3,763,585
Due after 3 years through 4 years	2,543,900		2,334,772
Due after 4 years through 5 years	2,461,651		1,523,551
Thereafter	3,504,878		4,792,680
Total par value	$	28,577,548	$	29,511,694

Table 7.4 - Advances by Interest Rate Payment Terms (in thousands)



	June 30, 2011		December 31, 2010
Par value of Advances
Fixed-rate ⁽¹⁾
Due in one year or less	$	4,197,709	$	4,812,906
Due after one year	13,294,337		13,494,298
Total fixed-rate	17,492,046		18,307,204
Variable-rate ⁽¹⁾
Due in one year or less	1,454,134		1,605,532
Due after one year	9,631,368		9,598,958
Total variable-rate	11,085,502		11,204,490
Total par value	$	28,577,548	$	29,511,694

(1) Payment terms based on current interest rate terms, which would reflect any option exercises or rate conversions subsequent to the related Advance issuance.

At June 30, 2011 and December 31, 2010, 59 percent and 58 percent, respectively, of the FHLBank's fixed-rate Advances were swapped to a floating rate.

Table 7.5 - Borrowers Holding Five Percent or more of Total Advances, Including Any Known Affiliates that are Members of the FHLBank (dollars in millions)



June 30, 2011					December 31, 2010
	Principal		% of Total			Principal		% of Total
U.S. Bank, N.A.	$	7,315	26	%	U.S. Bank, N.A.	$	7,315	25	%
PNC Bank, N.A.⁽¹⁾	3,998		14		PNC Bank, N.A.⁽¹⁾	4,000		14
Fifth Third Bank	2,785		10		Fifth Third Bank	1,536		5
Total	$	14,098	50	%	Total	$	12,851	44	%


(1)	Former member.