CONFIRMATION OF ADVANCE
CONFIRMATION OF ADVANCE
Institution:Institution NameAdvance Number:Example
AddressSettlement Date: MM/DD/YYYY
City, State ZipMaturity Date:MM/DD/YYYY
Customer ID:Account Number
The Federal Home Loan Bank of Topeka (FHLBank) hereby issues an advance on behalf of the above institution. Terms of the advance shall be:
Advance Type: XXXXXX
Amount: $XXX,XXX.00
Rate: X.XXX% - Interest payable monthly and at maturity
(Interest accrued on an Actual/Actual day basis.)
Prepayment Fee: [Insert Prepayment Language from Member Products Policy]
Other: Past due principal and interest will be charged interest at a rate equal to 315 basis points above the previous business day’s daily effective federal funds rate as provided in Federal Reserve Statistical Release H.15.
Lending Officer
Date
CONFIRMATORY APPLICATION AND ACKNOWLEDGMENT
The undersigned hereby confirms that it has applied for the Advance referred to above, and that it has accepted and unconditionally agrees to repay such Advance upon the terms and conditions stated above and in the Advance, Pledge and Security Agreement between the parties and FHLBank’s Member Products Policy as amended from time to time.
Date: ____________________ By: _________________________________ ______________________________
(Signature)(Title)
(Please return one signed copy of FHLBank within (5) business days)