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

7 Year Step; 3 Month Call
Pricing Date September  17, 2009
Settlement Date September 30, 2009
Structure

7 Year Step; 3 Month Call

First Call Date December 30, 2009; Quarterly Calls
Maturity Date September 30, 2016
Payment Dates Every March 30th and September 30th beginning March 2010
First Coupon 2%
Coupon Structure

Steps every year: 2%, 3%, 4%, 5%, 6%, 7%, 8%

Size $15 million
Issuer Federal Home Loan Bank
CUSIP 3133XUZF3
Currency USD