Financial Annual Report 2007

STATEMENTS OF CONDITION (In thousands, except shares) December 31, 2007 2006 ASSETS Cash and due from banks Interest-bearing deposits Securities purchased under agreements to resell Federal funds sold Investments Available-for-sale securities include $208,892 and $513,457 pledged as collateral in 2007 and 2006 that may be repledged Held-to-maturity securities include $0 pledged as collateral in 2007 and 2006 that may be repledged (estimated fair value of $3,900,715 and $5,685,809 in 2007 and 2006) Advances Mortgage loans held for portfolio, net of allowance for credit losses on mortgage loans of $300 and $250 in 2007 and 2006 Accrued interest receivable Premises and equipment, net Derivative assets Other assets Total assets LIABILITIES AND CAPITAL LIABILITIES Deposits Interest-bearing Non interest-bearing demand Total deposits Securities sold under agreements to repurchase Consolidated obligations, net Discount notes Bonds Total consolidated obligations, net Mandatorily redeemable capital stock Accrued interest payable Affordable Housing Program Payable to REFCORP Derivative liabilities Other liabilities Total liabilities CAPITAL Capital stock – Class B putable ($100 par value) issued and outstanding shares: 27,172,465 and 19,058,783 shares in 2007 and 2006 Retained earnings Accumulated other comprehensive loss Net unrealized (loss) gain on available-for-sale securities Pension and postretirement beneﬁts Total capital Total liabilities and capital $ $ 58,675 100,136 1,805,000 $ 30,181 11,392 305,000 1,625,000 3,433,640 562,165 3,905,017 40,411,688 10,801,695 129,758 6,966 91,901 22,563 $ 60,767,039 $ 5,715,161 21,854,991 11,775,042 92,932 6,244 36,119 27,184 42,041,411 $ 873,063 20,751 893,814 200,000 $ 899,520 41,929 941,449 500,000 21,500,946 34,564,226 56,065,172 46,039 301,039 42,622 6,280 138,252 21,598 57,714,816 4,684,714 33,066,286 37,751,000 64,852 300,139 44,714 5,945 163,505 20,836 39,792,440 2,717,247 361,347 (25,467) (904) 3,052,223 60,767,039 $ 1,905,878 344,246 188 (1,341) 2,248,971 42,041,411 See the Bank’s Annual Report on Form 10-K for a full set of the Bank’s audited Financial Statements and Footnotes. 16

Table of Contents Feed for the Digital Edition of Financial Annual Report 2007

Financial Annual Report 2007 Contents Introduction Letter To Our Members Financial Highlights Member Highlight: Chillicothe, MO Member Highlight: Bloomington, MN Statements of Condition Statements of Income Board of Directors

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