General Terms: FHLBank offers fixed and adjustable-rate advance products with different maturities, interest rates, payment characteristics and optionality. As of June 30, 2025 and December 31, 2024, FHLBank had advances outstanding at interest rates ranging from 0.51 percent to 7.20 percent and 0.44 percent to 7.20 percent, respectively. Table 4.1 presents advances summarized by redemption term as of June 30, 2025 and December 31, 2024 (dollar amounts in thousands). The redemption term represents the period in which principal amounts are contractually due. Carrying amounts exclude accrued interest receivable of $160,608,000 and $152,111,000 as of June 30, 2025 and December 31, 2024, respectively.


	06/30/2025				12/31/2024
Redemption Term	Amount		Weighted Average Interest Rate		Amount		Weighted Average Interest Rate
Due in one year or less	$	28,371,278	4.45	%	$	25,160,148	4.43	%
Due after one year through two years	5,616,754		4.00		4,724,245		4.05
Due after two years through three years	5,267,172		4.20		4,530,096		4.07
Due after three years through four years	2,360,895		4.01		3,037,483		4.12
Due after four years through five years	2,002,509		3.64		2,663,624		3.87
Thereafter	1,453,027		3.41		1,760,096		3.25
Total par value	45,071,635		4.27	%	41,875,692		4.24	%
Discounts	(11,320)				(7,557)
Hedging adjustments	(19,801)				(216,054)
TOTAL	$	45,040,514			$	41,652,081

FHLBank offers advances that may be prepaid without prepayment or termination fees on predetermined exercise dates (call dates) prior to the stated advance maturity (callable advances). In exchange for receiving the right to call the advance on a predetermined call schedule, the borrower may pay a higher rate for the advance relative to an equivalent maturity, non-callable advance. The borrower generally exercises its call options on these advances when interest rates decline (fixed-rate advances) or spreads change (adjustable-rate advances). FHLBank also offers fixed-rate advances that include a put option held by FHLBank (putable advances). On the date FHLBank exercises its put option, the borrower has the option to prepay the advance in full without a fee or roll into another advance product. A putable advance carries a lower interest rate than a comparable-maturity fixed-rate advance without the put feature. FHLBank would generally exercise its put option when interest rates increase. Other advances are prepayable with a prepayment fee that makes FHLBank economically indifferent to the prepayment.


	Redemption Term or Next Call Date				Redemption Term or Next Put Date
Redemption Term	06/30/2025		12/31/2024		06/30/2025		12/31/2024
Due in one year or less	$	29,396,628	$	26,134,800	$	31,114,678	$	27,391,348
Due after one year through two years	5,188,144		4,375,566		5,726,254		4,901,745
Due after two years through three years	4,805,737		4,126,318		4,542,472		4,626,596
Due after three years through four years	2,324,089		2,919,014		1,626,895		2,204,483
Due after four years through five years	1,954,651		2,642,197		1,625,009		1,945,624
Thereafter	1,402,386		1,677,797		436,327		805,896
TOTAL PAR VALUE	$	45,071,635	$	41,875,692	$	45,071,635	$	41,875,692


Redemption Term	06/30/2025		12/31/2024
Fixed-rate:
Due in one year or less	$	15,817,628	$	15,388,152
Due after one year through three years	8,097,965		6,714,381
Due after three years through five years	4,150,405		5,123,107
Due after five years through fifteen years	1,421,376		1,695,725
Due after fifteen years	17,576		18,795
Total fixed-rate	29,504,950		28,940,160
Variable-rate:
Due in one year or less	12,553,650		9,771,997
Due after one year through three years	2,785,960		2,539,960
Due after three years through five years	213,000		578,000
Due after five years through fifteen years	14,075		44,075
Due after fifteen years	—		1,500
Total variable-rate	15,566,685		12,935,532
TOTAL PAR VALUE	$	45,071,635	$	41,875,692

Credit Risk Exposure and Security Terms: FHLBank manages its credit exposure to advances through an integrated approach that includes establishing a credit limit for each borrower. This approach includes an ongoing review of each borrower's financial condition, in conjunction with FHLBank's collateral and lending policies to limit risk of loss, while balancing borrowers' needs for a reliable source of funding. Using a risk-based approach and taking into consideration each borrower's financial strength, FHLBank considers the payment status as well as the types and level of collateral to be the primary indicators of credit quality on advances. As of June 30, 2025 and December 31, 2024, FHLBank had rights to collateral on a borrower-by-borrower basis with an estimated value greater than its outstanding advances.

FHLBank continues to evaluate and make changes to its collateral guidelines, as necessary, based on current market conditions. As of June 30, 2025 and December 31, 2024, no advances were past due, on nonaccrual status, or considered impaired.

Based on the collateral held as security, FHLBank's credit extension and collateral policies, and repayment history on advances, no losses are expected on advances as of June 30, 2025 and December 31, 2024, and therefore no allowance for credit losses on advances was recorded.