Daily Variable Rate Advance

Description
Variable rate advances offer short-term funding at market rates.

Term
Any maturity from 1 to 180 days.

Application
Call the FHLBI by 2:00 p.m. Indianapolis time for same business day funding.

Rate
Priced daily, based upon the FHLBI's overnight cost of funds rate. The initial rate will be set the day of funding.

Commitment fee
None.

Prepayment
May prepay at any time without fee. Notify the FHLBI before 2 p.m. Indianapolis time for same-day prepayment.

Updated: February 25, 2008