LIBOR Adjustable Rate Advance

Description
Adjustable rate advances offer long-term funding which periodically adjusts to market rates.

Term
Maturities up to 30 years, based on availability of funds. Call the FHLBI to determine what maturities are currently available.

Application
Call the FHLBI by 5:00 p.m. Indianapolis time. Funding is typically available one to two business days later.

Index
LIBOR adjustables may be tied to 1 month, 3 month, or 6 month LIBOR. Call the FHLBI to determine which LIBOR indices are currently offered.

Rate Rates will be periodically adjusted based on the LIBOR index selected. The index, spread, and terms of the advance will be negotiated after credit approval.

Commitment
Upon credit approval, the FHLBI will negotiate commitment periods and fees.

Takedown
Takedown will be negotiated at the same time as rates and terms.

Commitment fee
A fee may be charged upon issuing a commitment.

Prepayment
May prepay subject to applicable limitations and prepayment fees described in the adjustable rate terms sheet.

Updated: February 25, 2008