Financial Annual Report 2007

STATEMENTS OF INCOME (In thousands) For the Years Ended December 31, 2007 2006 2005 INTEREST INCOME Advances Advance prepayment fees, net Interest-bearing deposits Securities purchased under agreements to resell Federal funds sold Investments Trading securities Available-for-sale securities Held-to-maturity securities Mortgage loans held for portfolio Loans to other FHLBanks Total interest income INTEREST EXPENSE Consolidated obligations Discount notes Bonds Deposits Borrowings from other FHLBanks Securities sold under agreements to repurchase Mandatorily redeemable capital stock Other borrowings Total interest expense NET INTEREST INCOME Provision for (reversal of provision for) credit losses on mortgage loans $ 1,312,133 1,527 2,668 11,904 188,668 111,548 270,729 561,660 2,460,837 $ 1,136,091 514 10,986 15,457 138,716 311 21,939 272,647 614,753 7 2,211,421 $ 901,248 294 12,415 10,030 53,357 481 17,877 193,800 688,474 1,877,976 424,052 1,786,215 51,363 119 25,045 2,902 2,289,696 171,141 69 269,278 1,721,022 35,173 147 28,462 2,972 31 2,057,085 154,336 (513) 160,223 1,378,239 24,338 132 19,393 2,029 4 1,584,358 293,618 - NET INTEREST INCOME AFTER MORTGAGE LOAN CREDIT LOSS PROVISION OTHER INCOME Service fees Net (loss) gain on trading securities Net realized gain on available-for-sale securities Net realized gain (loss) on held-to-maturity securities Net gain on derivatives and hedging activities Other, net Total other income OTHER EXPENSE Compensation and beneﬁts Operating Federal Housing Finance Board Ofﬁce of Finance Total other expense INCOME BEFORE ASSESSMENTS Affordable Housing Program REFCORP Total assessments INCOME BEFORE CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE Cumulative effect of change in accounting principle NET INCOME $ 171,072 154,849 293,618 2,217 545 4,491 3,080 10,333 2,423 (17) 2,278 4,003 8,687 2,500 14 2,683 (7) 38,947 2,677 46,814 24,828 14,589 1,561 1,476 42,454 138,951 12,094 25,462 37,556 22,577 16,478 1,530 982 41,567 121,969 10,260 22,342 32,602 20,259 15,992 1,733 1,021 39,005 301,427 24,905 55,304 80,209 101,395 101,395 $ 89,367 89,367 $ 221,218 6,444 227,662 See the Bank’s Annual Report on Form 10-K for a full set of the Bank’s audited Financial Statements and Footnotes. 17

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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