The Bank has a long tradition of using innovative technology to serve our members. The response to SecureConnect, the confidential and secure communication channel introduced in 1996, has been extremely positive and has resulted in greater efficiencies in processing advances transactions. As a result, the Bank is able to pass on these benefits to  members by revising the rate structure for advances.

SecureConnect Pricing is now the lowest rates for regular advances replacing Discount Pricing. This rate is only available for regular advances executed through SecureConnect. The Standard Rate is available for advances executed by telephone. Pricing for specialized advances products for community and economic development will not be impacted by this change and will remain at their current low rates.

It couldn't be simpler. No more complicated formulas or selected maturities. Just remember SecureConnect and you know you have the lowest rate on regular advances.

To reflect the new pricing, we have changed our rates pages. Instead of different pages for each advance type, rates for advances may now be found on one page.  Advance types have been divided into four categories as follows:

Bullet Advances - Fixed Rate/Fixed Term, Interest Only, Principal at Maturity
Amortizing Advances - Principal and Interest Monthly
LIBOR  Advances - Floating Rate, Interest Only, Principal at Maturity
Short Term Advances - 28 days or less
 

Bullet Advances - Fixed Rate/Fixed Term, Interest Only, Principal at Maturity
 

Name	Term	Rate	Interest Day Count	Availability	Wire Deadlines
BULLET Fixed Rate/Fixed Term , Principal at Maturity	< 1 year	Fixed for term of advance based on  LIBOR yield.	Actual/360	>$5 million transacted by 1:00 p.m. CST <$5million transacted by 3:00 p.m. CST	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.
BULLET Fixed Rate/Fixed Term, Principal at Maturity	>1 year up to 20 years	Fixed for term of advance based on prevailing swap market rate.	30/360	>$5 million transacted by 1:00 p.m. CST <$5million transacted by 3:00 p.m. CST	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.

Amortizing Advances - Principal and Interest Monthly
 

Name	Term	Rate	Interest Day Count	Availability	Wire Deadlines
PRAM Principal & Interest Amortizing	Up to 20 years Can match amortization schedules up to 30 years	Fixed for term of advance, based on prevailing swap market rate.	30/360	>$5 million transacted by 1:00 p.m. CST <$5million transacted by 3:00 p.m. CST	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.
PRAM Prepayable Principal & Interest Amortizing	Up to 20 years Can match amortization schedules up to 30 years	Fixed for term of advance, based on prevailing swap market rate.  25 basis points will be added  to the rate for prepayment option.	30/360	>$5 million transacted by 1:00 p.m. CST <$5million transacted by 3:00 p.m. CST	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.

LIBOR Advances - Floating Rate, Interest Only, Principal at Maturity
 

Name	Term	Rate	Interest Day Count	Availability	Wire Deadlines
LIBOR Non-Amortizing Floating Rate	1-5 Years	Determined by adding appropriate spread to actual index yield. LIBOR Rate determination - 2 business days prior to reset date.	Actual /360	>$5 million transacted by 1:00 p.m. CST <$5million transacted by 3:00 p.m. CST	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.
LIBOR  Prepayable Non-Amortizing  Floating Rate	1-5 Years	Determined by adding appropriate spread to actual index yield. LIBOR  Rate determination - 2 business days prior to reset date.	Actual /360	>$5 million transacted by 1:00 p.m. CST <$5million transacted by 3:00 p.m. CST	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.

Short Term Advances - 28 days or less
 

Name	Term	Rate	Interest Day Count	Availability	Wire Deadlines
MAXIMIZER	Overnight, Fixed	Priced daily based on Fed Funds market.	Actual / 360	Member must execute advance by 9:00 a.m. CST No cap Does not count against $50 million WLA/SCS cap	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.
MAXIMIZER	Floater, 30 Days	Floating rate, adjusted daily based on Fed Funds for term of advance. Interest collected daily.	Actual / 360	Member must execute advance by 9:00 a.m. CST. No cap Does not count against $50 million WLA/SCS cap	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.
SCS Secure Connect Saver	Overnight	Priced daily based on Fed Funds market.	Actual / 360	>$5 million must be transacted by 1:00 p.m. CST <$5 million must be transacted by 3:00 p.m. CST $50 million cap	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.
DNA Discount Note Advance	7   Day 14 Day 21 Day 28 Day	Fixed for term of advance based on Discount Note market.	Actual / 360	>$5 million must be transacted by 1:00 p.m. CST <$5 million must be transacted by 3:00 p.m. CST No cap Does not count against $50 million SCS	Outgoing 3:00 p.m. CST Incoming 3:00 p.m. CST Incoming with fee after 3:00 p.m.

If you have any questions about the new rates, SecureConnect, your institution's borrowing capacity, or any of the Bank's advances programs, please contact the Lending Division at 800-442-9841 or email us at lending officer@fhlb.com Information about specific products such as SecureConnect may also be found in the Products section of this web site.
 

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