Amherst Securities LP
Amherst Securities Group Underwrites New Issue Deal for FHLB
15-year; non-call 3-month; Step-Rate
Pricing Date

April 3, 2007

Settlement Date April 20, 2007
Structure 15-year; non-call 3-month
First Call Date

July 17, 2007 and quarterly thereafter

Maturity Date April 20, 2022
Payment Dates

Every October 20th and April 20th beginning October 2007

First Coupon 5.50%
Coupon Structure 5.5% to April 2010; 6.00% to April 2016; 7.00% thereafter
Size $15 million
Issuer Federal Home Loan Bank System
CUSIP 3133XFG5
Currency USD