Transactions with Related Parties (Tables)

9 Months Ended

Sep. 30, 2012

The following table includes the MPF activity of the related party members.



	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2012		2011		2012		2011
Total MPF loan volume purchased	$	57,566	$	80	$	89,142	$	80

The following table includes significant outstanding related party member balances.



	September 30, 2012		December 31, 2011
(in thousands)	September 30, 2012		December 31, 2011
Federal funds sold	$	—	$	200,000
Investments	185,510		201,670
Advances	21,172,429		20,708,461
Letters of credit	175,230		197,298
MPF loans	2,363,836		2,765,971
Deposits	6,765		22,697
Capital stock	1,194,656		1,792,872

The following table summarizes the Statement of Income effects corresponding to the related party member balances above. Amounts related to Federal funds sold, interest income on investments, prepayment fees on advances, letters of credit fees, and interest expense on deposits were immaterial for the periods presented.



	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2012		2011		2012		2011
Interest income on advances ⁽¹⁾	$	30,554	$	25,829	$	100,298	$	80,509
Interest income on MPF loans	32,416		40,779		102,813		128,328

Note:

(1) For the three and nine months ended September 30, 2012 respectively, it includes contractual interest income of $87.3 million and $329.8 million, net interest settlements on derivatives in fair value hedge relationships of $(55.6) million and $(215.3) million and total amortization of basis adjustments of $(1.1) million and $(14.1) million. For the three and nine months ended September 30, 2011 respectively, it includes contractual interest income of $128.9 million and $393.8 million, net interest settlements on derivatives in fair value hedge relationships of $(94.3) million and $(287.0) million and total amortization of basis adjustments of $(8.8) million and $

FHLBank of Chicago [Member]

The following table summarizes the effect of the MPF activities with FHLBank of Chicago.



	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2012		2011		2012		2011
Servicing fee expense	$	190	$	169	$	545	$	500
Interest income on MPF deposits	3		—		6		4



	September 30, 2012		December 31, 2011
(in thousands)	September 30, 2012		December 31, 2011
Interest-bearing deposits maintained with FHLBank of Chicago	$	11,164	$	16,180