04/11/2005 Amherst Securities Group Underwrites New Issue Deal for FHLB

Amherst Securities Group Underwrites New Issue Deal for FHLB

4-year; non-call 1-year; Fixed Rate
Pricing Date	April 11, 2005
Settlement Date	April 28, 2005
Structure	4-year; non-call 1-year
First Call Date	April 28, 2006 only
Maturity	April 28, 2009
Payment Dates	Each October 28th and April 28th beginning October 2005
First Coupon	4.60%
Coupon Structure	4.60% fixed
Size	$7.5 million
Issuer	Federal Home Loan Bank System
CUSIP	3133XBMV4
Currency	USD