10/5/06 Amherst Securities Group Underwrites New Issue Deal for FHLB

Amherst Securities Group Underwrites New Issue Deal for FHLB

8-year; non-call 1-year; Fixed Rate
Pricing Date	October 5, 2006
Settlement Date	October 24, 2006
Structure	8-year; non-call 1-year
First Call Date	October 24, 2007 and quarterly thereafter
Maturity Date	October 24, 2014
Payment Dates	Every April 24th and October 24th beginning April 2007
First Coupon	5.70%
Coupon Structure	Fixed
Size	$15 million
Issuer	Federal Home Loan Bank System
CUSIP	3133XHF98
Currency	USD