Transactions with Other FHLBanks

The FHLBank notes all transactions with other FHLBanks on the face of its financial statements. Occasionally, the FHLBank loans short-term funds to and borrows short-term funds from other FHLBanks. These loans and borrowings are transacted at then current market rates when traded. There were no such loans or borrowings outstanding at June 30, 2011 or December 31, 2010. The following table details the average daily balance of lending and borrowing between the FHLBank and other FHLBanks for the six months ended June 30.

Table 21.1 - Lending and Borrowing Between the FHLBank and Other FHLBanks (in thousands)



	Average Daily Balances for the Six Months Ended June 30,
	2011		2010
Loans to other FHLBanks	$	5,644	$	4,199
Borrowings from other FHLBanks	—		691

The FHLBank may, from time to time, assume the outstanding primary liability for Consolidated Obligations of another FHLBank (at then current market rates on the day when the transfer is traded) rather than issuing new debt for which the FHLBank is the primary obligor. The FHLBank then becomes the primary obligor on the transferred debt. There were no Consolidated Obligations transferred to the FHLBank during the six months ended June 30, 2011 or 2010. The FHLBank did not transfer any Consolidated Obligations to other FHLBanks during these periods.