Employee Retirement Plans

6 Months Ended

Jun. 30, 2011

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension and Postretirement Benefit Plans

Qualified Defined Benefit Multi-employer Plan. The FHLBank participates in the Pentegra Defined Benefit Plan for Financial Institutions (Pentegra Defined Benefit Plan), a tax-qualified defined benefit pension plan. The Pentegra Defined Benefit Plan is a multi-employer plan in which assets contributed by one participating employer may be used to provide benefits to employees of other participating employers; assets contributed by an employer are not segregated in a separate account or restricted to provide benefits only to employees of that employer. The Pentegra Defined Benefit Plan covers substantially all officers and employees of the FHLBank who meet certain eligibility requirements. Contributions to the Pentegra Defined Benefit Plan charged to compensation and benefit expense were $1,048,000 and $784,000 in the three months endedJune 30, 2011 and 2010, respectively, and $2,095,000 and $1,568,000 in the six months endedJune 30, 2011 and 2010, respectively.

Qualified Defined Contribution Plan. The FHLBank also participates in the Pentegra Defined Contribution Plan for Financial Institutions, a tax-qualified, defined contribution pension plan. The FHLBank contributes a percentage of the participants' compensation by making a matching contribution equal to a percentage of voluntary employee contributions, subject to certain limitations. The FHLBank contributed $161,000 and $181,000 to this Plan in the three months endedJune 30, 2011 and 2010, respectively, and $492,000 and $486,000 in the six months endedJune 30, 2011 and 2010, respectively.

Nonqualified Supplemental Defined Benefit Retirement Plan. The FHLBank maintains a nonqualified, unfunded defined benefit plan. The plan ensures that participants receive the full amount of benefits to which they would have been entitled under the qualified defined benefit plan in the absence of limits on benefit levels imposed by the IRS. There are no funded plan assets. The FHLBank has established a grantor trust to meet future benefit obligations and current payments to beneficiaries.

Postretirement Benefits Plan. The FHLBank also sponsors a postretirement benefits plan that includes health care and life insurance benefits for eligible retirees. There are no funded plan assets that have been designated to provide postretirement benefits.

Table 17.1 - Net Periodic Benefit Cost (in thousands)

	Three Months Ended June 30,
	Defined Benefit Retirement Plan				Postretirement Benefits Plan
	2011		2010		2011		2010
Net Periodic Benefit Cost
Service cost	$	126	$	127	$	14	$	11
Interest cost	278		293		51		49
Amortization of unrecognized net loss	217		226		—		—
Net periodic benefit cost	$	621	$	646	$	65	$	60

	Six Months Ended June 30,
	Defined Benefit Retirement Plan				Postretirement Benefits Plan
	2011		2010		2011		2010
Net Periodic Benefit Cost
Service cost	$	252	$	255	$	27	$	23
Interest cost	557		587		98		97
Amortization of unrecognized net loss	433		451		—		—
Net periodic benefit cost	$	1,242	$	1,293	$	125	$	120