Consolidated Obligations

3 Months Ended

Mar. 31, 2013

Consolidated Obligations

Table 12.1 - Consolidated Bonds Outstanding by Contractual Maturity (dollars in thousands)



	March 31, 2013					December 31, 2012
Year of Contractual Maturity	Amount			Weighted Average Interest Rate		Amount			Weighted Average Interest Rate
Due in 1 year or less	$	20,341,450		0.74	%	$	18,656,450		0.82	%
Due after 1 year through 2 years	10,291,500			0.96		11,371,500			0.83
Due after 2 years through 3 years	2,069,000			2.08		2,566,000			1.96
Due after 3 years through 4 years	2,722,000			2.37		2,550,000			2.62
Due after 4 years through 5 years	3,107,000			1.65		2,654,000			1.81
Thereafter	7,237,000			2.45		6,369,000			2.53
Index amortizing notes	46,100			5.07		56,162			5.08
Total par value	45,814,050			1.28		44,223,112			1.30

Premiums	92,169					80,956
Discounts	(20,416		)			(18,851		)
Hedging adjustments	49,273					58,334
Fair value option valuation adjustment and accrued interest	2,068					2,366

Total	$	45,937,144				$	44,345,917

Table 12.2 - Consolidated Discount Notes Outstanding (dollars in thousands)



	Book Value		Par Value		Weighted Average Interest Rate⁽¹⁾
March 31, 2013	$	34,075,772	$	34,085,246	0.12	%
December 31, 2012	$	30,840,224	$	30,848,612	0.13	%


(1)	Represents an implied rate without consideration of concessions.

Table 12.3 - Consolidated Bonds Outstanding by Features (in thousands)



	March 31, 2013		December 31, 2012
Par value of Consolidated Bonds:
Non-callable	$	39,052,050	$	36,724,112
Callable	6,762,000		7,499,000
Total par value	$	45,814,050	$	44,223,112

Table 12.4 - Consolidated Bonds Outstanding by Contractual Maturity or Next Call Date (in thousands)



Year of Contractual Maturity or Next Call Date	March 31, 2013		December 31, 2012
Due in 1 year or less	$	26,258,450	$	24,370,450
Due after 1 year through 2 years	10,646,500		11,466,500
Due after 2 years through 3 years	1,539,000		1,936,000
Due after 3 years through 4 years	1,812,000		1,860,000
Due after 4 years through 5 years	2,205,000		1,907,000
Thereafter	3,307,000		2,627,000
Index amortizing notes	46,100		56,162

Total par value	$	45,814,050	$	44,223,112

Table 12.5 - Consolidated Bonds by Interest-rate Payment Type (in thousands)



	March 31, 2013		December 31, 2012
Par value of Consolidated Bonds:
Fixed-rate	$	28,224,050	$	29,393,112
Variable-rate	17,590,000		14,830,000
Total par value	$	45,814,050	$	44,223,112

At March 31, 2013 and December 31, 2012, 17 percent and 26 percent of the FHLBank's fixed-rate Consolidated Bonds were swapped to a variable rate.

Concessions on Consolidated Obligations. Unamortized concessions included in other assets were (in thousands) $14,579 and $14,299 at March 31, 2013 and December 31, 2012. The amortization of these concessions is included in Consolidated Obligation interest expense and totaled (in thousands) $1,733 and $5,325 during the three months ended March 31, 2013 and 2012.