Fed Funds Floating Rate Advance

Description
The Fed Funds Floater advance offers short-term funding at market rates.

Term
Maximum maturity of 90 days.

Application
Call the FHLBI by 3:00 p.m. Indianapolis time for next business day funding.

Rate
Priced daily, based upon the Fed Effective Rate as determined by the Federal Reserve Bank of New York and posted on Telerate pate 118. The spread to the Fed Effective is dependent upon the prepayment lockout selected.
Click here for pricing indications.

Commitment fee
None.

Prepayment:
May prepay at any time after the lockout period with 2 banking days prior notice.

Updated: February 25, 2008