Amherst Securities LP
Amherst Securities Group Underwrites New Issue Deal for FHLB

5.5-year; non-call 6-month
Pricing Date

May 7, 2004

Settlement Date June 3, 2004
Structure 5.5-year; non-call 6-month
First Call Date

December 3, 2004 and quarterly thereafter

Maturity December 3, 2009
Payment Dates Each December 3rd and May 3rd
  beginning December 2004
First Coupon 5.05%
Coupon Structure Fixed
Size $15 million
Issuer Federal Home Loan Mortgage Corporation
CUSIP 3128X3HS5
Currency USD