Investment Ratings

Credit Analysis: Federal Home Loan Banks, February 2009 The FHLBank System’s baseline credit assessment reflects its excellent asset quality, consistent risk-adjusted profitability, as well as the benefits associated with the joint and several liability for the FHLBank’s debt.
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Please note that any opinions, estimates or forecasts regarding the Bank's or the FHLBank System's performance made by Moody's are its alone and do not represent opinions, forecasts or predictions of the Bank or its management. The Bank does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.