Federal Home Loan Bank of Indianapolis Assumes $20M in FHLB Bonds

What Happened

• The Federal Home Loan Bank of Indianapolis filed an 8‑K (Item 2.03) dated September 3, 2026, reporting it has become the primary obligor on two consolidated obligation bonds issued by the Federal Home Loan Banks (FHLBanks). The two bonds total $20,000,000 in par value and have maturities of one year or more.

Key Details

• Trade date for both securities: September 1, 2026. Bonds reported:
  • CUSIP 3130BC2D4 — Settlement 9/8/2026; Maturity 9/8/2028; Coupon 4.570%; Par $10,000,000; Bermudan callable; next call/amort date 12/8/2026; next pay date 3/8/2027.
  • CUSIP 3130BC2H5 — Settlement 9/4/2026; Maturity 9/5/2031; Coupon 4.750%; Par $10,000,000; European callable; next call/amort date 9/5/2028; next pay date 3/5/2027.
• Consolidated obligations are joint and several obligations of the FHLBanks and are not guaranteed by the U.S. government.
• The filing notes par amounts reported may differ from amounts on the Bank’s GAAP financial statements (discounts/premiums not reflected) and excludes consolidated obligations with maturities of one year or less.

Why It Matters

• For investors, this filing signals the Bank has taken on (or will be primarily liable for) $20M of longer‑term consolidated FHLBank debt with fixed coupons of 4.57% and 4.75%. That increases the Bank’s reported long‑term consolidated obligations exposure and establishes fixed interest expense terms for these issues.
• Remember these obligations are not U.S. government‑backed and par values in the filing may not match carrying amounts on the Bank’s financial statements, so check the Bank’s periodic reports for full accounting and impact. The report was signed by Lana D. Buchman, Senior Financial Reporting Principal, on September 3, 2026.