Repricing annually on the anniversary of the borrowing
or the next business day ("as of" transaction) - spread to T-Bill rate remains in effect for
entire term to maturity
Accrual Basis
Actual / Actual day basis
Interest is Paid
Monthly
Principal is Paid
At maturity
Principal Prepayment Policy
Prepayable on any repricing date (with 2 weeks' notice
to FHLBank) with no fee; any other prepayment may be subject to prepayment fee
Submission of Application
An Adjustable Rate Treasury Advance application is required for each borrowing
