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Newsroom - 2008
FHLBank Topeka's Independent Director Election Results Changes to FHLBank Topeka's Member Products Policy FHLBank Topeka Declares 4th Quarter Dividend FHLBank Holiday Transaction Guidelines Office of Finance Publishes the FHLBanks' Third Quarter 2008 Combined Financial Report FHLBank Topeka Board Election Results for Member Directors Office of Finance Announces Third Quarter 2008 Combined Operating Highlights FHLBank Thanksgiving Day Transaction Guidelines FHLBank Topeka Files Third Quarter 10-Q with SEC FHLBank Line of Credit Paydowns Now Available Online FDIC Proposed Increase to Deposit Insurance Premiums Secondary Mortgage Operations Conference Wrap Up Changes to FHLBank Topeka's Member Products Policy FHLBank Topeka Declares 3rd Quarter Dividend Letter to FHLBank Members Regarding U.S. Treasury Announcement FHLBank Topeka Files Second Quarter 2008 10-Q with the SEC Issuance of Second Quarter Preliminary FHLBanks Combined Operating Highlights FHLBank Offering Disaster Relief to Kansas and Oklahoma Members Changes to FHLBank Topeka's Member Products Policy FHLBank Offering Disaster Relief Advances to Nebraska Members FHLBank Topeka Declares 2nd Quarter Dividend FHLBank Offering Disaster Relief Advances to Nebraska Members FHLBank Offering Disaster Relief Advances to Colorado Members FHLBank Topeka Announces First Quarter Results and Files First Quarter 10-Q FHLBank Offering Disaster Relief Advances to Oklahoma Members FHLBank Topeka Maintains Commitment to the MPF® Program FHLBanks Chicago and Dallas Announce Cessation of Merger Discussions FHLBank Announces 2007 Financial Results Changes to FHLBank Topeka's Member Products Policy FHLBank Topeka Files 2007 Form 10-K FHLBank Topeka Declares 1st Quarter Dividend Good Friday Advance and MPF Guidelines FHLBank Offering Disaster Relief Advances to Nebraska Members FHLBank Rural First-time Homebuyer and Targeted Ownership Programs FHLBank Offering Disaster Relief Advances to 60 Kansas Counties
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HOME > NEWS & EVENTS > Newsroom - 2008 > Changes to FHLBank Topeka's Member Products Policy   

Changes to FHLBank Topeka's Member Products Policy

The FHLBank Topeka board of directors, at its June 24, 2008, meeting, approved changes to the Member Products Policy. The changes identified below are effective July 1, 2008. We encourage you to place this memo detailing the policy changes with your hard copy of FHLBank Topeka’s Member Products and Services Guide. The changes will be published to the online version of the Guide by June 30, 2008.

Listed below are descriptions of the significant changes:

  • Institutions making advance principal repayments (scheduled maturities and discretionary prepayments) of $250 million or more in aggregate have the ability to submit funds to FHLBank between noon and 4 p.m. CT, if the member provides FHLBank a two-business day repayment notice. In these instances, a same-day capital stock redemption may be required at FHLBank’s discretion. Advance principal repayments of more than $1 billion in aggregate must be pre-approved by FHLBank senior staff at least two business days in advance.
  • Institutions requesting to pledge securities that require a case-by-case review will be charged a fee of $125 per security, regardless of whether or not the security is determined to be eligible collateral.
  • One-to-four family residential real property and second mortgages on residential real property require loans originated after October 5, 2006, to comply with the Interagency Guidance on Nontraditional Mortgage Products Risks and Addendum to Credit Risk Management Guidance for Home Equity Lending.
  • The lending value for commercial real estate assets has been decreased from 60 percent to 55 percent.
  • The lending value for second mortgages on residential property has been decreased from 60 percent to 50 percent.
  • The minimum term on certificates of deposit has been changed from seven days to three days.
  • A minimum Demand Deposit overdraft fee of $25 has been implemented. This fee will apply regardless of any balances in a customer's Overnight Deposit Account.

If you have any questions regarding these changes to the Member Products Policy, please contact Sonia Betsworth, Director of Member Products, or Alan Scheef, Credit Administration Officer, at 800.809.2733.