Summary
Anti-Predatory
Lending Policy
Credit Services
Advance Programs
Letters of Credit
Off-Balance Sheet
Borrowing Capacity
Collateral Policy
Subprime and Nontraditional Mortgage Lending
Mortgage Purchase Program
Analytical
Correspondent Services
Advance Programs >
Short-Term Fixed Rate Advance
Maturity

31 to 364 days

Rate

Remains fixed for entire term to maturity

Accrual Basis

Actual / 360 day basis

Interest is Paid

Monthly

Principal is Paid

At maturity

Principal Prepayment Policy

Prepayable at any time subject to a potential prepayment fee (equal to 100% of lost cash flow to the Bank, given the difference between the contract rate of the advance and the current yield on FHLBank securities of the same remaining maturity)

Submission of Application

A Short-Term Fixed Rate Advance application is required for each borrowing

 

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