Consolidated Obligations

Table 12.1 - Consolidated Bonds Outstanding by Contractual Maturity (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	$	7,371,000		1.97	%	$	8,271,750		1.91	%
Due after 1 year through 2 years	5,914,050			2.40		6,703,600			2.34
Due after 2 years through 3 years	3,466,000			3.17		4,635,450			3.10
Due after 3 years through 4 years	2,778,500			3.03		2,918,500			3.29
Due after 4 years through 5 years	1,272,000			3.42		987,000			3.49
Thereafter	6,975,000			3.85		6,878,000			3.97
Index amortizing notes	136,073			4.99		156,041			4.99
Total par value	27,912,623			2.87		30,550,341			2.85

Premiums	86,782					86,114
Discounts	(22,067		)			(23,293		)
Hedging adjustments	73,017					83,629
Fair value option valuation adjustment and accrued interest	1,866					—

Total	$	28,052,221				$	30,696,791

Table 12.2 - Consolidated Bonds Outstanding by Features (in thousands)



	June 30, 2011		December 31, 2010
Par value of Consolidated Bonds:
Non-callable/nonputable	$	21,038,623	$	20,541,341
Callable	6,874,000		10,009,000
Total par value	$	27,912,623	$	30,550,341

Table 12.3 - Consolidated Bonds Outstanding by Contractual Maturity or Next Call Date (in thousands)



Year of Contractual Maturity or Next Call Date	June 30, 2011		December 31, 2010
Due in 1 year or less	$	13,508,000	$	17,196,750
Due after 1 year through 2 years	6,046,050		4,285,600
Due after 2 years through 3 years	2,784,000		3,672,450
Due after 3 years through 4 years	1,828,500		1,861,500
Due after 4 years through 5 years	907,000		792,000
Thereafter	2,703,000		2,586,000
Index amortizing notes	136,073		156,041

Total par value	$	27,912,623	$	30,550,341

Interest Rate Payment Terms.

Table 12.4 - Consolidated Bonds by Interest-rate Payment Type (in thousands)



	June 30, 2011		December 31, 2010
Par value of Consolidated Bonds:
Fixed-rate	$	26,662,623	$	30,550,341
Variable-rate	1,250,000		—
Total par value	$	27,912,623	$	30,550,341

At June 30, 2011 and December 31, 2010, 24 percent and 30 percent of the FHLBank's fixed-rate Consolidated Bonds were swapped to a floating rate.

Consolidated Discount Notes. Discount Notes are Consolidated Obligations with original maturities up to one year. Table 12.5 summarizes the FHLBank's participation in Consolidated Discount Notes, all of which are due within one year.

Table 12.5 - Consolidated Discount Notes (dollars in thousands)



	Book Value		Par Value		Weighted Average Interest Rate⁽¹⁾
June 30, 2011	$	32,915,704	$	32,918,157	0.05	%
December 31, 2010	$	35,003,280	$	35,008,410	0.11	%


(1)	Represents an implied rate without consideration of concessions.

Concessions on Consolidated Obligations. Unamortized concessions included in other assets were (in thousands) $13,866 and $14,261 at June 30, 2011 and December 31, 2010. The amortization of such concessions is included in Consolidated Obligation interest expense and totaled (in thousands) $3,650 and $6,886 during the three months ended June 30, 2011 and 2010, respectively, and (in thousands) $6,325 and $11,485 during the six months ended June 30, 2011 and 2010, respectively.