07/20/2005 Amherst Securities Group Underwrites New Issue Deal for FHLB

Amherst Securities Group Underwrites New Issue Deal for FHLB

5-year; non-call 3-year; Fixed Rate
Pricing Date	July 20, 2005
Settlement Date	August 11, 2005
Structure	5-year; non-call 3-year
First Call Date	August 2008 and anytime thereafter
Maturity	August 11, 2010
Payment Dates	Every February 11th and August 11th beginning February 2006
First Coupon	4.625%
Coupon Structure	4.625% Fixed
Size	$10 million
Issuer	Federal Home Loan Bank System
CUSIP	3133XCMQ3
Currency	USD