Transactions with Stockholders

Transactions with Directors' Financial Institutions. In the ordinary course of its business, the FHLBank may provide products and services to members whose officers or directors serve as directors of the FHLBank (Directors' Financial Institutions). Finance Agency Regulations require that transactions with Directors' Financial Institutions be made on the same terms as those with any other member. The following table reflects balances with Directors' Financial Institutions for the items indicated below.

Table 22.1 - Transactions with Directors' Financial Institutions (dollars in millions)



	June 30, 2011				December 31, 2010
	Balance		% of Total⁽¹⁾		Balance		% of Total ⁽¹⁾
Advances	$	642	2.2	%	$	609	2.1	%
Mortgage Purchase Program	47		0.6		51		0.7
Mortgage-backed securities	—		—		—		—
Regulatory capital stock	161		4.7		158		4.6
Derivatives	—		—		—		—


(1)	Percentage of total principal (Advances), unpaid principal balance (Mortgage Purchase Program), principal balance (mortgage-backed securities), regulatory capital stock, and notional balances (derivatives).

Concentrations. The following table shows regulatory capital stock balances, outstanding Advance principal balances, and unpaid principal balances of mortgage loans held for portfolio at the dates indicated to members and former members holding five percent or more of regulatory capital stock and include any known affiliates that are members of the FHLBank.

Table 22.2 - Capital Stock, Advances, and MPP Principal Balances to Members and Former Members (dollars in millions)



							Mortgage Purchase
	Regulatory Capital Stock				Advance		Program Unpaid
June 30, 2011	Balance		% of Total		Principal		Principal Balance
U.S. Bank, N.A.	$	591	17	%	$	7,315	$	72
Fifth Third Bank	401		12		2,785		8
PNC Bank, N.A. ⁽¹⁾	252		7		3,998		2,591
KeyBank, N.A.	179		5		224		—
Total	$	1,423	41	%	$	14,322	$	2,671


(1)	Former member.



							Mortgage Purchase
	Regulatory Capital Stock				Advance		Program Unpaid
December 31, 2010	Balance		% of Total		Principal		Principal Balance
U.S. Bank, N.A.	$	591	17	%	$	7,315	$	78
Fifth Third Bank	401		12		1,536		9
PNC Bank, N.A. ⁽¹⁾	262		8		4,000		2,896
KeyBank, N.A.	179		5		905		—
Total	$	1,433	42	%	$	13,756	$	2,983


(1)	Former member.

Nonmember Affiliates. The FHLBank has relationships with two nonmember affiliates, the Kentucky Housing Corporation and the Ohio Housing Finance Agency. The nature of these relationships is twofold: one as an approved borrower from the FHLBank and one in which the FHLBank invests in the purchase of these nonmembers' bonds. The Kentucky Housing Corporation and the Ohio Housing Finance Agency had no borrowings during the six months ended June 30, 2011 or 2010. The FHLBank had principal investments in the bonds of the Kentucky Housing Corporation of $2,750,000 and $2,955,000 as of June 30, 2011 and December 31, 2010, respectively. The FHLBank did not have any investments in the bonds of the Ohio Housing Finance Agency as of June 30, 2011 or December 31, 2010. The FHLBank did not have any investments in or borrowings extended to any other nonmember affiliates during the six months ended June 30, 2011 or 2010.