Capital

6 Months Ended

Jun. 30, 2011

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Capital

Table 15.1 - Capital Requirements (dollars in thousands)

	June 30, 2011						December 31, 2010
	Required			Actual			Required			Actual
Risk-based capital	$	406,162		$	3,884,975		$	443,823		$	3,886,953
Capital-to-assets ratio (regulatory)	4.00		%	5.83		%	4.00		%	5.43		%
Regulatory capital	$	2,664,716		$	3,884,975		$	2,865,250		$	3,886,953
Leverage capital-to-assets ratio (regulatory)	5.00		%	8.75		%	5.00		%	8.14		%
Leverage capital	$	3,330,895		$	5,827,463		$	3,581,563		$	5,830,430

Joint Capital Enhancement Agreement and REFCORP Certification. The 12 FHLBanks have entered into a Joint Capital Enhancement Agreement (Capital Agreement), which is intended to enhance the capital position of each FHLBank. The intent of the Capital Agreement is to allocate that portion of each FHLBank's earnings historically paid to satisfy its REFCORP obligation to a separate retained earnings account at that FHLBank.

Each FHLBank has been required to contribute 20 percent of its earnings toward payment of the interest on REFCORP bonds until satisfaction of the REFCORP obligation. The Capital Agreement provides that, upon full satisfaction of the REFCORP obligation, each FHLBank will contribute 20 percent of its net income each quarter to a restricted retained earnings account until the balance of that account equals at least one percent of that FHLBank's average balance of outstanding Consolidated Obligations for the previous quarter. These restricted retained earnings will not be available to pay dividends.

The FHLBank amended its Capital Plan to implement the provisions of the Capital Agreement. The Finance Agency approved the Capital Plan amendments on August 5, 2011.

On August 5, 2011, the Finance Agency certified that the FHLBanks have fully satisfied their REFCORP obligation. In accordance with the Capital Agreement, starting in the third quarter of 2011, each FHLBank is required to allocate 20 percent of its net income to a separate restricted retained earnings account.

Mandatorily Redeemable Capital Stock.As of June 30, 2011 and December 31, 2010, the FHLBank had (in thousands) $323,698 and $356,702 in capital stock classified as mandatorily redeemable on its Statements of Condition.

Table 15.2 - Mandatorily Redeemable Capital Stock Roll Forward (in thousands)

Balance, December 31, 2010	$	356,702
Capital stock subject to mandatory redemption reclassified    from equity:
Withdrawals	12
Redemption (or other reduction) of mandatorily redeemable    capital stock:
Withdrawals	(13,016		)
Other redemptions	(20,000		)
Balance, June 30, 2011	$	323,698

Table 15.3 - Mandatorily Redeemable Capital Stock by Contractual Year of Redemption (in thousands)

Contractual Year of Redemption	June 30, 2011		December 31, 2010
Due in 1 year or less	$	2,608	$	2,758
Due after 1 year through 2 years	40,940		36,826
Due after 2 years through 3 years	1,847		6,819
Due after 3 years through 4 years	277,891		289,277
Due after 4 years through 5 years	412		21,022
Total par value	$	323,698	$	356,702