Segment Information

6 Months Ended

Jun. 30, 2011

Segment Reporting, Measurement Disclosures [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information

The FHLBank has identified two primary operating segments based on its method of internal reporting: Traditional Member Finance and the Mortgage Purchase Program. These segments reflect the FHLBank's two primary Mission Asset Activities and the manner in which they are managed from the perspective of development, resource allocation, product delivery, pricing, credit risk and operational administration. The segments identify the principal ways the FHLBank provides services to member stockholders.

Table 18.1 - Financial Performance by Operating Segment (in thousands)

	Three Months Ended June 30,
	Traditional Member Finance		Mortgage Purchase Program			Total
2011
Net interest income	$	47,174	$	19,368		$	66,542
Provision for credit losses	—		1,119			1,119
Net interest income after provision for credit losses	47,174		18,249			65,423
Other income (loss)	74		(228		)	(154		)
Other expenses	11,607		1,927			13,534
Income before assessments	35,641		16,094			51,735
Affordable Housing Program	3,304		1,322			4,626
REFCORP	6,293		2,872			9,165
Total assessments	9,597		4,194			13,791
Net income	$	26,044	$	11,900		$	37,944
Average assets	$	60,530,524	$	7,569,665		$	68,100,189
Total assets	$	59,038,943	$	7,578,961		$	66,617,904
2010
Net interest income	$	43,524	$	20,371		$	63,895
Other income	1,892		2,850			4,742
Other expenses	10,398		1,885			12,283
Income before assessments	35,018		21,336			56,354
Affordable Housing Program	3,330		1,742			5,072
REFCORP	6,337		3,919			10,256
Total assessments	9,667		5,661			15,328
Net income	$	25,351	$	15,675		$	41,026
Average assets	$	58,572,385	$	8,952,327		$	67,524,712
Total assets	$	57,991,309	$	8,828,485		$	66,819,794

	Six Months Ended June 30,
	Traditional Member Finance		Mortgage Purchase Program			Total
2011
Net interest income	$	91,196	$	45,699		$	136,895
Provision for credit losses	—		3,678			3,678
Net interest income after provision for credit losses	91,196		42,021			133,217
Other income (loss)	7,227		(3,526		)	3,701
Other expenses	23,740		3,925			27,665
Income before assessments	74,683		34,570			109,253
Affordable Housing Program	6,921		2,830			9,751
REFCORP	13,378		6,266			19,644
Total assessments	20,299		9,096			29,395
Net income	$	54,384	$	25,474		$	79,858
Average assets	$	61,811,897	$	7,603,273		$	69,415,170
Total assets	$	59,038,943	$	7,578,961		$	66,617,904
2010
Net interest income	$	85,170	$	46,986		$	132,156
Other income	4,307		4,023			8,330
Other expenses	21,501		3,851			25,352
Income before assessments	67,976		47,158			115,134
Affordable Housing Program	6,583		3,850			10,433
REFCORP	12,278		8,662			20,940
Total assessments	18,861		12,512			31,373
Net income	$	49,115	$	34,646		$	83,761
Average assets	$	61,313,102	$	9,090,799		$	70,403,901
Total assets	$	57,991,309	$	8,828,485		$	66,819,794