Federal Home Loan Bank of Topeka Earnings 2020-06-30

Balance Sheet	Income Statement	Cash Flow

10-Q 1 fhlbt0630202010q.htm 10-Q Document

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2020

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________ to ________

Commission File Number 000-52004

FEDERAL HOME LOAN BANK OF TOPEKA

(Exact name of registrant as specified in its charter)



Federally chartered corporation		48-0561319
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
500 SW Wanamaker Road Topeka, KS		66606
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 785.233.0507

Securities registered pursuant to Section 12(b) of the Act:



Title of each class	Trading symbol(s)	Name of each exchange on which registered
None	N/A	N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes ¨ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). x Yes ¨ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ¨ Accelerated filer ¨

Non-accelerated filer x Smaller reporting company ¨

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). ¨ Yes x No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.



	Shares outstanding as of
	August 6, 2020
Class A Stock, par value $100 per share	4,761,443
Class B Stock, par value $100 per share	11,433,517

.FEDERAL HOME LOAN BANK OF TOPEKA

TABLE OF CONTENTS




PART I	FINANCIAL INFORMATION	5
Item 1.	Financial Statements	5
	Statements of Condition	6
	Statements of Income	8
	Statements of Comprehensive Income	10
	Statements of Capital	12
	Statements of Cash Flows	13
	Notes to Financial Statements	16
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	53
	Executive Level Overview	53
	Financial Market Trends	57
	Critical Accounting Policies and Estimates	58
	Results of Operations	59
	Financial Condition	74
	Liquidity and Capital Resources	89
	Risk Management	92
	Recently Issued Accounting Standards	99
	Legislative and Regulatory Developments	99
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	100
Item 4.	Controls and Procedures	105
Part II	OTHER INFORMATION	105
Item 1.	Legal Proceedings	105
Item 1A.	Risk Factors	105
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	106
Item 3.	Defaults Upon Senior Securities	106
Item 4.	Mine Safety Disclosures	106
Item 5.	Other Information	106
Item 6.	Exhibits	107

Important Notice about Information in this Quarterly Report

In this quarterly report, unless the context suggests otherwise, references to “FHLBank,” “FHLBank Topeka,” “we,” “us” and “our” mean Federal Home Loan Bank of Topeka, and “FHLBanks” mean all Federal Home Loan Banks, including FHLBank Topeka.

The information contained in this quarterly report is accurate only as of the date of this quarterly report and as of the dates specified herein.

The product and service names used in this quarterly report are the property of FHLBank, and in some cases, other FHLBanks. Where the context suggests otherwise, the products, services and company names mentioned in this quarterly report are the property of their respective owners.

Special Cautionary Notice Regarding Forward-looking Statements

The information in this Form 10-Q contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements describing the objectives, projections, estimates or future predictions of FHLBank’s operations. These statements may be identified by the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “is likely,” “could,” “estimate,” “expect,” “will,” “intend,” “probable,” “project,” “should,” or their negatives or other variations of these terms. FHLBank cautions that by their nature forward-looking statements involve risks or uncertainties and that actual results may differ materially from those expressed in any forward-looking statements as a result of such risks and uncertainties, including but not limited to:


•	Changes in economic and market conditions, including conditions in our district and the U.S. and global economy, as well as the mortgage, housing and capital markets;


•	The impact of the Coronavirus Disease 2019 (COVID-19) pandemic or other pandemics on our members and our business;


•	Governmental actions, including legislative, regulatory, judicial or other developments that affect FHLBank; its members, counterparties or investors; housing government-sponsored enterprises (GSE); or the FHLBank System in general;


•	Effects of derivative accounting treatment and other accounting rule requirements, or changes in such requirements;


•	Competitive forces, including competition for loan demand, purchases of mortgage loans and access to funding;


•	The ability of FHLBank to introduce new products and services to meet market demand and to manage successfully the risks associated with all products and services;


•	Changes in demand for FHLBank products and services or consolidated obligations of the FHLBank System;


•	Membership changes, including changes resulting from member failures or mergers, changes due to member eligibility, or changes in the principal place of business of members;


•	Changes in the U.S. government’s long-term debt rating and the long-term credit rating of the senior unsecured debt issues of the FHLBank System;


•	Soundness of other financial institutions, including FHLBank members, non-member borrowers, counterparties, and the other FHLBanks;


•	The ability of each of the other FHLBanks to repay the principal and interest on consolidated obligations for which it is the primary obligor and with respect to which FHLBank has joint and several liability;


•	The volume and quality of eligible mortgage loans originated and sold by participating members to FHLBank through its various mortgage finance products (Mortgage Partnership Finance^® (MPF^®) Program). “Mortgage Partnership Finance,” “MPF,” “MPF Xtra,” and “MPF Direct” are registered trademarks of FHLBank Chicago.


•	Changes in the fair value and economic value of, impairments of, and risks associated with, FHLBank’s investments in mortgage loans and mortgage-backed securities (MBS) or other assets and related credit enhancement protections;


•	Changes in the value or liquidity of collateral underlying advances to FHLBank members or non-member borrowers or collateral pledged by reverse repurchase and derivative counterparties;


•	Volatility of market prices, changes in interest rates and indices and the timing and volume of market activity;


•	Gains/losses on derivatives or on trading investments and the ability to enter into effective derivative instruments on acceptable terms;


•	The effects of amortization/accretion;


•	The upcoming discontinuance of the London Interbank Offered Rate (LIBOR) and the related effect on FHLBank's LIBOR-based financial products, investments, and contracts;


•	Changes in FHLBank’s capital structure;


•	FHLBank's ability to declare dividends or to pay dividends at rates consistent with past practices; and


•	The ability of FHLBank to keep pace with technological changes and the ability to develop and support technology and information systems, including the ability to securely access the internet and internet-based systems and services, sufficient to effectively manage the risks of FHLBank’s business;

Readers of this quarterly report should not rely solely on the forward-looking statements and should consider all risks and uncertainties addressed throughout this quarterly report, as well as those discussed under Part II Item lA – Risk Factors and Item 1A – Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2019, incorporated by reference herein.

All forward-looking statements contained in this Form 10-Q are expressly qualified in their entirety by reference to this cautionary notice. The reader should not place undue reliance on such forward-looking statements, since the statements speak only as of the date that they are made and FHLBank has no obligation and does not undertake publicly to update, revise or correct any forward-looking statement for any reason to reflect events or circumstances after the date of this quarterly report.

PART I

Item 1: Financial Statements



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CONDITION - Unaudited
(In thousands, except par value)
	06/30/2020		12/31/2019
ASSETS
Cash and due from banks	$	28,283	$	1,917,166
Interest-bearing deposits	1,017,972		921,453
Securities purchased under agreements to resell (Note 9)	4,450,000		4,750,000
Federal funds sold	1,520,000		850,000

Investment securities:
Trading securities (Note 3)	2,904,643		2,812,562
Available-for-sale securities (Note 3)	7,558,676		7,182,500
Held-to-maturity securities, fair value of $3,176,712 and $3,556,938 (Note 3)	3,182,136		3,569,958
Total investment securities	13,645,455		13,565,020

Advances (Note 4)	21,528,991		30,241,315
Mortgage loans held for portfolio, net of allowance for credit losses of $7,790 and $985 (Note 5)	10,945,717		10,633,009
Accrued interest receivable	113,448		143,765
Derivative assets, net (Notes 6, 9)	191,539		154,804
Other assets	92,531		100,122

TOTAL ASSETS	$	53,533,936	$	63,276,654

LIABILITIES
Deposits (Note 7)	$	988,292	$	790,640

Consolidated obligations, net:
Discount notes (Note 8)	13,560,839		27,447,911
Bonds (Note 8)	36,445,676		32,013,314
Total consolidated obligations, net	50,006,515		59,461,225

Mandatorily redeemable capital stock (Note 10)	2,308		2,415
Accrued interest payable	75,097		117,580
Affordable Housing Program payable	40,399		43,027
Derivative liabilities, net (Notes 6, 9)	672		202
Other liabilities	65,715		70,514

TOTAL LIABILITIES	51,178,998		60,485,603

Commitments and contingencies (Note 13)

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CONDITION - Unaudited
(In thousands, except par value)
	06/30/2020			12/31/2019
CAPITAL
Capital stock outstanding - putable:
Class A ($100 par value; 5,007 and 4,476 shares issued and outstanding) (Note 10)	$	500,679		$	447,610
Class B ($100 par value; 8,913 and 13,188 shares issued and outstanding) (Note 10)	891,324			1,318,846
Total capital stock	1,392,003			1,766,456

Retained earnings:
Unrestricted	755,700			765,295
Restricted	240,929			234,514
Total retained earnings	996,629			999,809

Accumulated other comprehensive income (loss) (Note 11)	(33,694		)	24,786

TOTAL CAPITAL	2,354,938			2,791,051

TOTAL LIABILITIES AND CAPITAL	$	53,533,936		$	63,276,654

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF INCOME - Unaudited
(In thousands)
	Three Months Ended						Six Months Ended
	06/30/2020			06/30/2019			06/30/2020			06/30/2019
INTEREST INCOME:
Interest-bearing deposits	$	560		$	5,048		$	5,265		$	10,218
Securities purchased under agreements to resell	938			29,568			15,528			57,498
Federal funds sold	454			9,555			3,942			19,879
Trading securities	18,083			25,925			38,272			47,869
Available-for-sale securities	9,871			15,487			34,165			30,883
Held-to-maturity securities	7,416			28,859			24,484			60,132
Advances	60,265			189,562			191,152			377,171
Mortgage loans held for portfolio	73,664			75,185			158,770			148,469
Other	300			367			654			751
Total interest income	171,551			379,556			472,232			752,870

INTEREST EXPENSE:
Deposits	77			2,473			1,631			5,161
Consolidated obligations:
Discount notes	21,760			150,802			114,711			299,793
Bonds	92,744			176,714			243,486			334,871
Mandatorily redeemable capital stock (Note 10)	14			40			38			83
Other	279			297			603			717
Total interest expense	114,874			330,326			360,469			640,625

NET INTEREST INCOME	56,677			49,230			111,763			112,245
Provision (reversal) for credit losses on mortgage loans (Note 5)	1,337			38			601			116
NET INTEREST INCOME AFTER LOAN LOSS PROVISION (REVERSAL)	55,340			49,192			111,162			112,129

OTHER INCOME (LOSS):
Net gains (losses) on trading securities (Note 3)	5,375			41,843			99,764			70,598
Net gains (losses) on sale of available-for-sale securities (Note 3)	—			—			1,523			—
Net gains (losses) on sale of held-to-maturity securities (Note 3)	—			(46		)	—			(46		)
Net gains (losses) on derivatives and hedging activities (Note 6)	(15,355		)	(40,011		)	(137,607		)	(58,553		)
Net gains (losses) on disposal of premises, software and equipment	(3,469		)	—			(3,469		)	3
Standby bond purchase agreement commitment fees	535			553			1,100			1,119
Letters of credit fees	1,639			1,205			3,042			2,391
Other	1,023			824			2,166			1,530
Total other income (loss)	(10,252		)	4,368			(33,481		)	17,042

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF INCOME - Unaudited
(In thousands)
	Three Months Ended				Six Months Ended
	06/30/2020		06/30/2019		06/30/2020		06/30/2019
OTHER EXPENSES:
Compensation and benefits	$	9,058	$	9,559	$	19,519	$	18,817
Other operating	4,795		5,045		9,475		9,300
Federal Housing Finance Agency	1,022		813		2,045		1,625
Office of Finance	846		896		1,853		1,745
Advance subsidy	4,497		—		4,497		—
Other	2,378		2,000		4,650		3,816
Total other expenses	22,596		18,313		42,039		35,303

INCOME BEFORE ASSESSMENTS	22,492		35,247		35,642		93,868

Affordable Housing Program	2,250		3,529		3,568		9,395

NET INCOME	$	20,242	$	31,718	$	32,074	$	84,473

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF COMPREHENSIVE INCOME - Unaudited
(In thousands)
	Three Months Ended				Six Months Ended
	06/30/2020		06/30/2019		06/30/2020			06/30/2019
Net income	$	20,242	$	31,718	$	32,074		$	84,473

Other comprehensive income (loss):
Net unrealized gains (losses) on available-for-sale securities	35,597		4,227		(58,534		)	16,075
Defined benefit pension plan	28		72		54			145
Total other comprehensive income (loss)	35,625		4,299		(58,480		)	16,220

TOTAL COMPREHENSIVE INCOME	$	55,867	$	36,017	$	(26,406	)	$	100,693

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CAPITAL - Unaudited
(In thousands)
	Capital Stock¹															Retained Earnings								Accumulated			Total Capital
																								Other
	Class A					Class B					Total													Comprehensive
	Shares		Par Value			Shares		Par Value			Shares		Par Value			Unrestricted			Restricted		Total			Income (Loss)
Balance at March 31, 2019	1,981		$	198,079		13,103		$	1,310,317		15,084		$	1,508,396		$	734,822		$	208,018	$	942,840		$	27,614		$	2,478,850
Comprehensive income																25,375			6,343		31,718			4,299			36,017
Proceeds from issuance of capital stock	11		1,119			4,250		425,023			4,261		426,142														426,142
Repurchase/redemption of capital stock	(2,341	)	(234,064		)	(915	)	(91,463		)	(3,256	)	(325,527		)												(325,527		)
Net reclassification of shares to mandatorily redeemable capital stock	(346	)	(34,627		)	(1	)	(94		)	(347	)	(34,721		)												(34,721		)
Net transfer of shares between Class A and Class B	2,850		285,029			(2,850	)	(285,029		)	—		—														—
Dividends on capital stock (Class A - 2.5%, Class B - 7.5%):
Cash payment																(68		)			(68		)				(68		)
Stock issued						243		24,214			243		24,214			(24,214		)			(24,214		)				—
Balance at June 30, 2019	2,155		$	215,536		13,830		$	1,382,968		15,985		$	1,598,504		$	735,915		$	214,361	$	950,276		$	31,913		$	2,580,693

	Capital Stock¹															Retained Earnings								Accumulated			Total Capital
																								Other
	Class A					Class B					Total													Comprehensive
	Shares		Par Value			Shares		Par Value			Shares		Par Value			Unrestricted			Restricted		Total			Income (Loss)
Balance at March 31, 2020	4,484		$	448,404		13,539		$	1,353,892		18,023		$	1,802,296		$	743,731		$	236,881	$	980,612		$	(69,319	)	$	2,713,589
Comprehensive income																16,194			4,048		20,242			35,625			55,867
Proceeds from issuance of capital stock	8		766			2,958		295,822			2,966		296,588														296,588
Repurchase/redemption of capital stock	—		—			(202	)	(20,197		)	(202	)	(20,197		)												(20,197		)
Net reclassification of shares to mandatorily redeemable capital stock	(4,696	)	(469,580		)	(2,318	)	(231,801		)	(7,014	)	(701,381		)												(701,381		)
Net transfer of shares between Class A and Class B	5,211		521,089			(5,211	)	(521,089		)	—		—														—
Partial recovery of prior capital distribution to Financing Corporation																10,543			—		10,543						10,543
Dividends on capital stock (Class A - 0.5%, Class B - 5.5%):
Cash payment																(71		)			(71		)				(71		)
Stock issued						147		14,697			147		14,697			(14,697		)			(14,697		)				—
Balance at June 30, 2020	5,007		$	500,679		8,913		$	891,324		13,920		$	1,392,003		$	755,700		$	240,929	$	996,629		$	(33,694	)	$	2,354,938

¹Putable

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CAPITAL - Unaudited
(In thousands)
	Capital Stock¹															Retained Earnings								Accumulated			Total Capital
																								Other
	Class A					Class B					Total													Comprehensive
	Shares		Par Value			Shares		Par Value			Shares		Par Value			Unrestricted			Restricted		Total			Income (Loss)
Balance at December 31, 2018	2,473		$	247,361		12,772		$	1,277,176		15,245		$	1,524,537		$	716,555		$	197,467	$	914,022		$	15,693		$	2,454,252
Comprehensive income																67,579			16,894		84,473			16,220			100,693
Proceeds from issuance of capital stock	12		1,171			7,627		762,729			7,639		763,900														763,900
Repurchase/redemption of capital stock	(5,729	)	(572,891		)	(1,065	)	(106,486		)	(6,794	)	(679,377		)												(679,377		)
Net reclassification of shares to mandatorily redeemable capital stock	(525	)	(52,538		)	(61	)	(6,098		)	(586	)	(58,636		)												(58,636		)
Net transfer of shares between Class A and Class B	5,924		592,433			(5,924	)	(592,433		)	—		—														—
Dividends on capital stock (Class A - 2.4%, Class B - 7.5%):
Cash payment																(139		)			(139		)				(139		)
Stock issued						481		48,080			481		48,080			(48,080		)			(48,080		)				—
Balance at June 30, 2019	2,155		$	215,536		13,830		$	1,382,968		15,985		$	1,598,504		$	735,915		$	214,361	$	950,276		$	31,913		$	2,580,693

	Capital Stock¹															Retained Earnings								Accumulated			Total Capital
																								Other
	Class A					Class B					Total													Comprehensive
	Shares		Par Value			Shares		Par Value			Shares		Par Value			Unrestricted			Restricted		Total			Income (Loss)
Balance at December 31, 2019	4,476		$	447,610		13,188		$	1,318,846		17,664		$	1,766,456		$	765,295		$	234,514	$	999,809		$	24,786		$	2,791,051
Adjustment for cumulative effect of accounting change																(6,123		)	—		(6,123		)				(6,123		)
Comprehensive income																25,659			6,415		32,074			(58,480		)	(26,406		)
Proceeds from issuance of capital stock	8		813			5,505		550,526			5,513		551,339														551,339
Repurchase/redemption of capital stock	—		—			(586	)	(58,634		)	(586	)	(58,634		)												(58,634		)
Net reclassification of shares to mandatorily redeemable capital stock	(6,621	)	(662,140		)	(2,445	)	(244,551		)	(9,066	)	(906,691		)												(906,691		)
Net transfer of shares between Class A and Class B	7,144		714,396			(7,144	)	(714,396		)	—		—														—
Partial recovery of prior capital distribution to Financing Corporation																10,543			—		10,543						10,543
Dividends on capital stock (Class A - 1.2%, Class B - 6.5%):
Cash payment																(141		)			(141		)				(141		)
Stock issued						395		39,533			395		39,533			(39,533		)			(39,533		)				—
Balance at June 30, 2020	5,007		$	500,679		8,913		$	891,324		13,920		$	1,392,003		$	755,700		$	240,929	$	996,629		$	(33,694	)	$	2,354,938

¹Putable

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CASH FLOWS - Unaudited
(In thousands)
	Six Months Ended
	06/30/2020			06/30/2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	32,074		$	84,473
Adjustments to reconcile income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization:
Premiums and discounts on consolidated obligations, net	(27,858		)	12,355
Concessions on consolidated obligations	17,768			5,432
Premiums and discounts on investments, net	10,090			2,731
Premiums, discounts and commitment fees on advances, net	(1,686		)	(1,152		)
Premiums, discounts and deferred loan costs on mortgage loans, net	28,139			9,714
Fair value adjustments on hedged assets or liabilities	2,293			2,108
Premises, software and equipment	1,647			1,532
Other	54			145
Provision (reversal) for credit losses on mortgage loans	601			116
Non-cash interest on mandatorily redeemable capital stock	37			81
Net realized (gains) losses on sale of available-for-sale securities	(1,523		)	—
Net realized (gains) losses on sale of held-to-maturity securities	—			46
Net realized (gains) losses on disposal of premises, software and equipment	3,469			(3		)
Other adjustments	4,441			(93		)
Net (gains) losses on trading securities	(99,764		)	(70,598		)
Net change in derivatives and hedging activities	(312,613		)	(84,826		)
(Increase) decrease in accrued interest receivable	30,950			(33,290		)
Change in net accrued interest included in derivative assets	14,713			(1,891		)
(Increase) decrease in other assets	1,320			924
Increase (decrease) in accrued interest payable	(42,834		)	25,952
Change in net accrued interest included in derivative liabilities	(62		)	1,554
Increase (decrease) in Affordable Housing Program liability	(2,628		)	447
Increase (decrease) in other liabilities	(5,323		)	(3,623		)
Total adjustments	(378,769		)	(132,339		)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(346,695		)	(47,866		)

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CASH FLOWS - Unaudited
(In thousands)
	Six Months Ended
	06/30/2020			06/30/2019
CASH FLOWS FROM INVESTING ACTIVITIES:
Net (increase) decrease in interest-bearing deposits	$	(421,226	)	$	1,288
Net (increase) decrease in securities purchased under resale agreements	300,000			(2,742,904		)
Net (increase) decrease in Federal funds sold	(670,000		)	(2,410,000		)
Proceeds from sale of trading securities	275,186			429
Proceeds from maturities of and principal repayments on trading securities	332,497			1,551,440
Purchases of trading securities	(600,000		)	(3,174,941		)
Proceeds from sale of available-for-sale securities	289,045			—
Proceeds from maturities of and principal repayments on available-for-sale securities	47,240			5,760
Purchases of available-for-sale securities	(430,610		)	(2,716,448		)
Proceeds from sale of held-to-maturity securities	—			9,442
Proceeds from maturities of and principal repayments on held-to-maturity securities	386,780			445,378
Advances repaid	149,038,996			212,991,221
Advances originated	(140,053,196		)	(215,243,175		)
Principal collected on mortgage loans	1,680,347			503,412
Purchases of mortgage loans	(2,036,535		)	(1,293,351		)
Proceeds from sale of foreclosed assets	1,157			1,643
Other investing activities	1,640			1,534
Purchases of premises, software and equipment	(480		)	(741		)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	8,140,841			(12,070,013		)

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	197,952			38,264
Net proceeds from issuance of consolidated obligations:
Discount notes	317,940,542			453,966,178
Bonds	22,150,583			12,087,946
Payments for maturing and retired consolidated obligations:
Discount notes	(331,811,195		)	(447,428,963		)
Bonds	(17,754,850		)	(6,571,750		)
Proceeds from financing derivatives	3,470			—
Net interest payments received (paid) for financing derivatives	(5,803		)	(1,714		)
Proceeds from issuance of capital stock	551,339			763,900
Payments for repurchase/redemption of capital stock	(58,634		)	(679,377		)
Payments for repurchase of mandatorily redeemable capital stock	(906,835		)	(59,564		)
Cash dividends paid	(141		)	(139		)
Partial recovery of prior capital distribution to Financing Corporation	10,543			—
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(9,683,029		)	12,114,781
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,888,883		)	(3,098		)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,917,166			15,060
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	28,283		$	11,962

The accompanying notes are an integral part of these financial statements.



FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CASH FLOWS - Unaudited
(In thousands)
	Six Months Ended
	06/30/2020		06/30/2019
Supplemental disclosures:
Interest paid	$	428,134	$	595,671
Affordable Housing Program payments	$	6,245	$	9,217
Net transfers of mortgage loans to other assets	$	582	$	605

The accompanying notes are an integral part of these financial statements.

FEDERAL HOME LOAN BANK OF TOPEKA

Notes to Financial Statements - Unaudited

June 30, 2020

NOTE 1 – BASIS OF PRESENTATION

Basis of Presentation: The accompanying interim financial statements of FHLBank are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instruction provided by Article 10, Rule 10-01 of Regulation S-X. The financial statements contain all adjustments which are, in the opinion of management, necessary for a fair statement of FHLBank’s financial position, results of operations and cash flows for the interim periods presented. All such adjustments were of a normal recurring nature. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full fiscal year or any other interim period.

FHLBank’s significant accounting policies and certain other disclosures are set forth in the notes to the audited financial statements for the year ended December 31, 2019. The interim financial statements presented herein should be read in conjunction with FHLBank’s audited financial statements and notes thereto, which are included in FHLBank’s annual report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 20, 2020 (annual report on Form 10-K). The notes to the interim financial statements highlight significant changes to the notes included in the annual report on Form 10-K.

Out-of-Period Adjustment: Included in net income for the nine months ended September 30, 2019 was an out-of-period adjustment of $14,336,000, of which $2,545,000 and $11,791,000 related to income that should have been recorded during the three months ended March 31, 2019 and June 30, 2019, respectively. The out-of-period adjustment related to hedged item valuations for certain available-for-sale securities in fair value hedging relationships and resulted in an increase in available-for-sale interest income and a reduction in other comprehensive income. Consequently, available-for-sale interest income was understated by $11,791,000 and $14,336,000 for the three and six months ended June 30, 2019. FHLBank has assessed the impact of this error and concluded that the amounts were not material, either individually or in the aggregate, to any prior period financial statements.

Use of Estimates: The preparation of financial statements under GAAP requires management to make estimates and assumptions as of the date of the financial statements in determining the reported amounts of assets, liabilities and estimated fair values and in determining the disclosure of any contingent assets or liabilities. Estimates and assumptions by management also affect the reported amounts of income and expense during the reporting period. The most significant of these estimates include the fair value of trading and available-for-sale securities and the fair value of derivatives. Many of the estimates and assumptions, including those used in financial models, are based on financial market conditions as of the date of the financial statements. Because of the volatility of the financial markets, as well as other factors that affect management estimates, actual results may vary from these estimates.

Allowance for Credit Losses: Beginning January 1, 2020, FHLBank adopted new accounting guidance pertaining to the measurement of credit losses on financial instruments that requires a financial asset or group of financial assets measured at amortized cost to be presented at the net amount expected to be collected. The new guidance also requires credit losses relating to these financial instruments as well as available-for-sale securities to be recorded through an allowance for credit losses. Key changes as compared to prior accounting guidance are detailed below. Consistent with the modified retrospective method of adoption, the prior period has not been revised to conform to the new basis of accounting. See Note 1 of the Notes to the Financial Statements included in the annual report on Form 10-K for information on the prior accounting treatment.

Interest-Bearing Deposits, Securities Purchased under Agreements to Resell, and Federal Funds Sold: FHLBank invests in interest-bearing deposits, securities purchased under agreements to resell, and Federal funds sold. These investments provide short-term liquidity and are carried at amortized cost. Accrued interest receivable is recorded separately on the Statements of Condition.

These investments are evaluated quarterly for expected credit losses. If applicable, an allowance for credit losses is recorded with a corresponding adjustment to the provision (reversal) for credit losses. FHLBank uses the collateral maintenance provision practical expedient for securities purchased under agreements to resell. Consequently, a credit loss would be recognized if there is a collateral shortfall which FHLBank does not believe the counterparty will replenish in accordance with its contractual terms. The credit loss would be limited to the difference between the fair value of the collateral and the investment’s amortized cost. See Note 3 for details on the allowance methodologies relating to these investments.

Investment Securities:

Available-for-Sale: For securities classified as available-for-sale, FHLBank evaluates an individual security for impairment on a quarterly basis by comparing the security’s fair value to its amortized cost. Accrued interest receivable is recorded separately on the Statements of Condition. Impairment exists when the fair value of the investment is less than its amortized cost (i.e., in an unrealized loss position). In assessing whether a credit loss exists on an impaired security, FHLBank considers whether there would be a shortfall in receiving all cash flows contractually due. When a shortfall is considered possible, FHLBank compares the present value of cash flows to be collected from the security with the amortized cost basis of the security. If the present value of cash flows is less than amortized cost, an allowance for credit losses is recorded with a corresponding adjustment to the provision (reversal) for credit losses. The allowance is limited by the amount of the unrealized loss. The allowance for credit losses excludes uncollectible accrued interest receivable, which is measured separately.

If management intends to sell an impaired security classified as available-for-sale, or more likely than not will be required to sell the security before expected recovery of its amortized cost basis, any allowance for credit losses is written off and the amortized cost basis is written down to the security’s fair value at the reporting date with any incremental impairment reported in earnings as net gains (losses) on available-for-sale securities. If management does not intend to sell an impaired security classified as available-for-sale and it is not more likely than not that management will be required to sell the debt security, then the credit portion of the difference is recognized as an allowance for credit losses and any remaining difference between the security’s fair value and amortized cost is recorded to net unrealized gains (losses) on available-for-sale securities within other comprehensive income (loss) (OCI).

Held-to-Maturity: Securities that FHLBank has both the ability and intent to hold to maturity are classified as held-to-maturity and are carried at amortized cost, adjusted for periodic principal repayments, amortization of premiums, and accretion of discounts. Accrued interest receivable is recorded separately on the Statements of Condition.

Held-to-maturity securities are evaluated quarterly for expected credit losses on a pool basis unless an individual assessment is deemed necessary because the securities do not possess similar risk characteristics. An allowance for credit losses is recorded with a corresponding adjustment to the provision (reversal) for credit losses. The allowance for credit losses excludes uncollectible accrued interest receivable, which is measured separately.

See Note 3 for details on the allowance methodologies relating to available-for-sale and held-to-maturity securities.

Advances: Advances are carried at amortized cost, which is original cost adjusted for periodic principal repayments, amortization of premiums, accretion of discounts, and fair value hedge adjustments. Accrued interest receivable is recorded separately on the Statements of Condition. Advances are evaluated quarterly for expected credit losses. If deemed necessary, an allowance for credit losses is recorded with a corresponding adjustment to the provision (reversal) for credit losses. See Note 4 for details on the allowance methodology relating to advances.

Mortgage Loans Held for Portfolio: Mortgage loans held for portfolio are recorded at amortized cost, which is original cost adjusted for periodic principal repayments, amortization of premiums, accretion of discounts, hedging adjustments, other fees, and direct write-downs. Accrued interest receivable is recorded separately on the Statements of Condition. FHLBank performs a quarterly assessment of its mortgage loans held for portfolio to estimate expected credit losses. An allowance for credit losses is recorded with a corresponding adjustment to the provision (reversal) for credit losses.

FHLBank measures expected credit losses on mortgage loans on a collective basis, pooling loans with similar risk characteristics. If a mortgage loan no longer shares risk characteristics with other loans, it is removed from the pool and evaluated for expected credit losses on an individual basis.

When developing the allowance for credit losses, FHLBank measures the estimated loss over the remaining life of a mortgage loan, which also considers how credit enhancements mitigate credit losses. If a loan is purchased at a discount, the discount does not offset the allowance for credit losses. The allowance excludes uncollectible accrued interest receivable, as FHLBank writes off accrued interest receivable by reversing interest income if a mortgage loan is placed on nonaccrual status.

FHLBank does not purchase mortgage loans with credit deterioration present at the time of purchase. FHLBank includes estimates of expected recoveries within the allowance for credit losses. See Note 5 for details on the allowance methodologies relating to mortgage loans.

Off-Balance Sheet Credit Exposures: FHLBank evaluates off-balance sheet credit exposures on a quarterly basis for expected credit losses. If deemed necessary, an allowance for expected credit losses on these off-balance sheet exposures is recorded in other liabilities with a corresponding adjustment to the provision (reversal) for credit losses. See Note 13 for details on the allowance methodologies relating to off-balance sheet credit exposures.

NOTE 2 – RECENTLY ISSUED ACCOUNTING STANDARDS AND INTERPRETATIONS AND CHANGES IN AND ADOPTIONS OF ACCOUNTING PRINCIPLES

Coronavirus Aid, Relief, and Economic Security Act (CARES Act). In March 2020, the CARES Act was signed into law to provide relief from the economic impact of the COVID-19 pandemic to a variety of sectors of the U.S. economy, including businesses, individuals, health care, education, and state and local governments. The CARES Act also includes provisions that provide optional relief from certain accounting and reporting requirements related to troubled debt restructurings (TDRs). TDR relief applies to COVID-19-related modifications made from March 1, 2020 until the earlier of December 31, 2020 or 60 days following the termination of the national emergency declared by the President of the United States for borrowers that were current as of December 31, 2019. FHLBank has elected the optional relief but does not expect it to have a material effect on FHLBank's financial condition, results of operations, cash flows, or disclosures.

Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Accounting Standard Update (ASU) 2020-04). In March 2020, the Financial Accounting Standards Board (FASB) issued temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to transactions affected by reference rate reform if certain criteria are met. The transactions primarily include: (1) contract modifications; (2) hedging relationships; and (3) sale or transfer of debt securities classified as held-to-maturity. This guidance was effective immediately for FHLBank, and the amendments may be applied prospectively through December 31, 2022. FHLBank is in the process of evaluating the guidance, and its effect on FHLBank's financial condition, results of operations and cash flows has not yet been determined.

Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (ASU 2018-15). In August 2018, the FASB issued an amendment to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). Accordingly, the amendments in this ASU require an entity in a hosting arrangement that is a service contract to follow existing guidance relating to internal-use software to determine which implementation costs to capitalize as an asset related to the service contract and which costs to expense. Costs to develop or obtain internal-use software that cannot be capitalized also cannot be capitalized for a hosting arrangement that is a service contract. Therefore, an entity in a hosting arrangement that is a service contract determines to which project stage (that is, preliminary project stage, application development stage, or post-implementation stage) an implementation activity relates. Costs for implementation activities in the application development stage are capitalized depending on the nature of the costs, while costs incurred during the preliminary project and post-implementation stages are expensed as the activities are performed. The amendments in this ASU also require the entity to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement. The amendments in this ASU were effective January 1, 2020 for FHLBank. The adoption of this guidance did not materially impact FHLBank's financial condition, results of operations or cash flows.

Changes to the Disclosure Requirements for Defined Benefit Plans (ASU 2018-14). In August 2018, the FASB issued an amendment modifying the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans to improve disclosure effectiveness. The amendments in the ASU remove disclosures that are no longer considered cost beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. The amendments in this ASU are effective for annual periods ending after December 15, 2020, which is the year ending December 31, 2020 for FHLBank, and will be applied retrospectively for all comparative periods presented. The adoption of this guidance will not have a material impact on the disclosures related to defined benefit plans and will not impact FHLBank’s financial condition, results of operations or cash flows.

Changes to the Disclosure Requirements for Fair Value Measurement (ASU 2018-13). In August 2018, the FASB issued an amendment that modifies the disclosure requirements for fair value measurements. This ASU removes the requirement to disclose: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; (2) the policy for timing of transfers between levels; and (3) the valuation processes for Level 3 fair value measurements. The ASU requires disclosure of changes in unrealized gains and losses for the period included in OCI for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The amendments in this ASU were effective January 1, 2020 for FHLBank. The adoption of this guidance did not have an impact on the disclosures related to fair value measurements and did not impact FHLBank’s financial condition, results of operations or cash flows.

Measurement of Credit Losses on Financial Instruments, as amended (ASU 2016-13). In June 2016, the FASB issued amended guidance for the accounting of credit losses on financial instruments. The amendments require entities to measure expected credit losses based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. Additionally, under the new guidance, a financial asset, or a group of financial assets, measured at amortized cost basis is required to be presented at the net amount expected to be collected.

The guidance also requires:


▪	The statement of income to reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period;


▪	The entities to determine the allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis in a similar manner to other financial assets measured at amortized cost basis. The initial allowance for credit losses is required to be added to the purchase price;


▪	Credit losses relating to available-for-sale debt securities to be recorded through an allowance for credit losses. The amendments limit the allowance for credit losses to the amount by which fair value is below amortized cost; and


▪	Public entities to further disaggregate the current disclosure of credit quality indicators in relation to the amortized cost of financing receivables by the year of origination (i.e., vintage).

The guidance became effective for FHLBank on January 1, 2020 and was applied using a modified-retrospective approach, through a cumulative-effect adjustment to retained earnings. Adoption of this guidance did not materially impact FHLBank’s financial condition, results of operations, or cash flows.

NOTE 3 – INVESTMENTS

FHLBank's investment portfolio consists of interest-bearing deposits, securities purchased under agreements to resell, Federal funds sold, and debt securities.

Interest-Bearing Deposits, Securities Purchased under Agreements to Resell, and Federal Funds Sold: FHLBank invests in interest-bearing deposits, securities purchased under agreements to resell, and Federal funds sold to provide short-term liquidity. These investments are generally transacted with counterparties that have received a credit rating of triple-B or greater (investment grade) by a nationally recognized statistical rating organization (NRSRO). These may differ from internal ratings of the investments, if applicable. As of June 30, 2020, approximately 64 percent of these overnight investments were with unrated counterparties.

Federal funds sold are unsecured loans that are generally transacted on an overnight term. Federal Housing Finance Agency (FHFA) regulations include a limit on the amount of unsecured credit FHLBank may extend to a counterparty. As of June 30, 2020 and December 31, 2019, all investments in interest-bearing deposits and Federal funds sold were repaid or expected to be repaid according to the contractual terms. No allowance for credit losses was recorded for these assets as of June 30, 2020 and December 31, 2019. Carrying values of interest-bearing deposits and Federal funds sold exclude accrued interest receivable of $74,000 and $3,000, respectively, as of June 30, 2020, and $589,000 and $30,000, respectively, as of December 31, 2019.

Securities purchased under agreements to resell are short-term and are structured such that they are evaluated regularly to determine if the market value of the underlying securities decreases below the market value required as collateral (i.e., subject to collateral maintenance provisions). If so, the counterparty must place an equivalent amount of additional securities as collateral or remit an equivalent amount of cash, generally by the next business day. Based upon the collateral held as security and collateral maintenance provisions with its counterparties, FHLBank determined that no allowance for credit losses was needed for its securities purchased under agreements to resell as of June 30, 2020 and December 31, 2019. The carrying value of securities purchased under agreements excludes accrued interest receivable of $16,000 and $424,000 as of June 30, 2020 and December 31, 2019, respectively.

Debt Securities: FHLBank invests in debt securities, which are classified as either trading, available-for-sale, or held-to-maturity. FHLBank is prohibited by FHFA regulations from purchasing certain higher-risk securities, such as equity securities and debt instruments that are not investment quality, other than certain investments targeted at low-income persons or communities and instruments that experienced credit deterioration after their purchase by FHLBank.

FHLBank's debt securities include the following major security types, which are based on the issuer and the risk characteristics of the security:


▪	Certificates of deposit - unsecured negotiable promissory notes issued by banks;


▪	U.S. Treasury obligations - sovereign debt of the United States;


▪	GSE obligations - debentures issued by other FHLBanks, Federal National Mortgage Association (Fannie Mae), Federal Farm Credit Bank and Federal Agricultural Mortgage Corporation. GSE securities are not guaranteed by the U.S. government;


▪	State or local housing agency obligations - municipal bonds issued by housing finance agencies;


▪	U.S. obligation MBS - single-family MBS issued by Government National Mortgage Association (Ginnie Mae), which are guaranteed by the U.S. government; and


▪	GSE MBS - single-family and multifamily MBS issued by Fannie Mae and Federal Home Loan Mortgage Corporation (Freddie Mac).

Trading Securities: Trading securities by major security type as of June 30, 2020 and December 31, 2019 are summarized in Table 3.1 (in thousands):

Table 3.1



	Fair Value
	06/30/2020		12/31/2019
Non-mortgage-backed securities:
U.S. Treasury obligations	$	1,565,218	$	1,530,518
GSEobligations	435,008		416,025
Non-mortgage-backed securities	2,000,226		1,946,543
Mortgage-backed securities:
GSE MBS	904,417		866,019
Mortgage-backed securities	904,417		866,019
TOTAL	$	2,904,643	$	2,812,562

Net gains (losses) on trading securities during the three and six months ended June 30, 2020 and 2019 are shown in Table 3.2 (in thousands):

Table 3.2



	Three Months Ended					Six Months Ended
	06/30/2020			06/30/2019		06/30/2020		06/30/2019
Net gains (losses) on trading securities held as of June 30, 2020	$	5,430		$	41,533	$	99,578	$	70,192
Net gains (losses) on trading securities sold or matured prior to June 30, 2020	(55		)	310		186		406
NET GAINS (LOSSES) ON TRADING SECURITIES	$	5,375		$	41,843	$	99,764	$	70,598

Available-for-sale Securities: Available-for-sale securities by major security type as of June 30, 2020 are summarized in Table 3.3 (in thousands). Amortized cost includes adjustments made to the cost basis of an investment for accretion, amortization, and fair value hedge accounting adjustments, and excludes accrued interest receivable of $30,140,000 as of June 30, 2020.

Table 3.3



	06/30/2020
	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Fair Value
Non-mortgage-backed securities:
U.S. Treasury obligations	$	4,336,512	$	1,563	$	(689	)	$	4,337,386
Non-mortgage-backed securities	4,336,512		1,563		(689		)	4,337,386
Mortgage-backed securities:
GSE MBS	3,253,910		18,845		(51,465		)	3,221,290
Mortgage-backed securities	3,253,910		18,845		(51,465		)	3,221,290
TOTAL	$	7,590,422	$	20,408	$	(52,154	)	$	7,558,676

Available-for-sale securities by major security type as of December 31, 2019 are summarized in Table 3.4 (in thousands). Amortized cost includes adjustments made to the cost basis of an investment for accretion, amortization, and fair value hedge accounting adjustments, and excludes accrued interest receivable of $30,321,000 as of December 31, 2019.

Table 3.4



	12/31/2019
	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Fair Value
Non-mortgage-backed securities:
U.S. Treasury obligations	$	4,258,608	$	3,580	$	(397	)	$	4,261,791
Non-mortgage-backed securities	4,258,608		3,580		(397		)	4,261,791
Mortgage-backed securities:
GSE MBS	2,897,104		28,353		(4,748		)	2,920,709
Mortgage-backed securities	2,897,104		28,353		(4,748		)	2,920,709
TOTAL	$	7,155,712	$	31,933	$	(5,145	)	$	7,182,500

Table 3.5 summarizes the available-for-sale securities with unrealized losses as of June 30, 2020 (in thousands). The unrealized losses are aggregated by major security type and length of time that individual securities have been in a continuous unrealized loss position.

Table 3.5



	06/30/2020
	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Non-mortgage-backed securities:
U.S. Treasury obligations	$	1,561,377	$	(587	)	$	502,245	$	(102	)	$	2,063,622	$	(689	)
Non-mortgage-backed securities	1,561,377

Price	1.00	EPS	-132,964,000
Shares	-0	P/E	-0
MCap	-0	P/FCF	0
Net Debt	32,381	EBIT	1,095
TEV	32,381	TEV/EBIT	30
TTM 2019-09-30, in MM, except price, ratios

10-Q	2020-06-30	Filed 2020-08-11
10-Q	2020-03-31	Filed 2020-05-12
10-K	2019-12-31	Filed 2020-03-20
10-Q	2019-09-30	Filed 2019-11-12
10-Q	2019-06-30	Filed 2019-08-08
10-Q	2019-03-31	Filed 2019-05-09
10-K	2018-12-31	Filed 2019-03-18
10-Q	2018-09-30	Filed 2018-11-07
10-Q	2018-06-30	Filed 2018-08-09
10-Q	2018-03-31	Filed 2018-05-10
10-K	2017-12-31	Filed 2018-03-15
10-Q	2017-09-30	Filed 2017-11-09
10-Q	2017-06-30	Filed 2017-08-08
10-Q	2017-03-31	Filed 2017-05-04
10-K	2016-12-31	Filed 2017-03-09
10-Q	2016-09-30	Filed 2016-11-03
10-Q	2016-06-30	Filed 2016-08-04
10-Q	2016-03-31	Filed 2016-05-05
10-K	2015-12-31	Filed 2016-03-10
10-Q	2015-09-30	Filed 2015-11-05
10-Q	2015-06-30	Filed 2015-08-06
10-Q	2015-03-31	Filed 2015-05-07
10-K	2014-12-31	Filed 2015-03-13
10-Q	2014-09-30	Filed 2014-11-06
10-Q	2014-06-30	Filed 2014-08-08
10-Q	2014-03-31	Filed 2014-05-09
10-K	2013-12-31	Filed 2014-03-14
10-Q	2013-09-30	Filed 2013-11-08
10-Q	2013-06-30	Filed 2013-08-09
10-Q	2013-03-31	Filed 2013-05-09
10-K	2012-12-31	Filed 2013-03-15
10-Q	2012-09-30	Filed 2012-11-09
10-Q	2012-06-30	Filed 2012-08-10
10-Q	2012-05-07	Filed 2012-05-10
10-K	2011-12-31	Filed 2012-03-19
10-Q	2011-09-30	Filed 2011-11-10
10-Q	2011-06-30	Filed 2011-08-11
10-Q	2011-03-31	Filed 2011-05-12
10-K	2010-12-31	Filed 2011-03-24
10-Q	2010-09-30	Filed 2010-11-12
10-Q	2010-06-30	Filed 2010-08-12
10-Q	2010-03-31	Filed 2010-05-12
10-K	2009-12-31	Filed 2010-03-25

EX-31.1	ex06302020311.htm
EX-31.2	ex06302020312.htm
EX-32	ex0630202032.htm

8-K	2020-09-08	Off-BS Arrangement, Exhibits
8-K	2020-09-01	Off-BS Arrangement, Exhibits
8-K	2020-08-28	Off-BS Arrangement, Exhibits
8-K	2020-08-25	Off-BS Arrangement, Exhibits
8-K	2020-08-18	Off-BS Arrangement, Exhibits
8-K	2020-08-11	Off-BS Arrangement, Exhibits
8-K	2020-08-07	Off-BS Arrangement, Exhibits
8-K	2020-08-04	Off-BS Arrangement, Exhibits
8-K	2020-07-31	Off-BS Arrangement, Exhibits
8-K	2020-07-29	Earnings, Regulation FD, Exhibits
8-K	2020-07-28	Off-BS Arrangement, Exhibits
8-K	2020-07-24	Off-BS Arrangement, Exhibits
8-K	2020-07-23	Shareholder Rights, Regulation FD, Exhibits
8-K	2020-07-21	Off-BS Arrangement, Exhibits
8-K	2020-07-17	Off-BS Arrangement, Exhibits
8-K	2020-07-14	Off-BS Arrangement, Exhibits
8-K	2020-07-10	Off-BS Arrangement, Exhibits
8-K	2020-07-07	Off-BS Arrangement, Exhibits
8-K	2020-06-30	Off-BS Arrangement, Exhibits
8-K	2020-06-29	Officers, Regulation FD, Exhibits
8-K	2020-06-26	Off-BS Arrangement, Exhibits
8-K	2020-06-23
8-K	2020-06-19
8-K	2020-06-19
8-K	2020-06-19
8-K	2020-06-16
8-K	2020-06-10
8-K	2020-06-09
8-K	2020-06-05
8-K	2020-06-02
8-K	2020-05-29
8-K	2020-05-22
8-K	2020-05-19
8-K	2020-05-15
8-K	2020-05-08
8-K	2020-05-05
8-K	2020-05-01
8-K	2020-04-29
8-K	2020-04-28
8-K	2020-04-24
8-K	2020-04-21
8-K	2020-04-17
8-K	2020-04-14
8-K	2020-04-10
8-K	2020-04-07
8-K	2020-04-03
8-K	2020-03-27
8-K	2020-03-24
8-K	2020-03-20
8-K	2020-03-20
8-K	2020-03-17
8-K	2020-03-13
8-K	2020-03-10
8-K	2020-03-06
8-K	2020-03-03
8-K	2020-02-28
8-K	2020-02-25
8-K	2020-02-21
8-K	2020-02-20
8-K	2020-02-18
8-K	2020-02-14
8-K	2020-02-11
8-K	2020-02-07
8-K	2020-02-04
8-K	2020-02-03
8-K	2020-01-31
8-K	2020-01-28
8-K	2020-01-24
8-K	2020-01-21
8-K	2020-01-17
8-K	2020-01-14
8-K	2020-01-09
8-K	2020-01-07
8-K	2020-01-03
8-K	2019-12-24
8-K	2019-12-20
8-K	2019-12-20
8-K	2019-12-13
8-K	2019-12-10
8-K	2019-12-03
8-K	2019-11-26
8-K	2019-11-22
8-K	2019-11-19
8-K	2019-11-15
8-K	2019-11-13
8-K	2019-11-08
8-K	2019-11-05
8-K	2019-11-01
8-K	2019-10-29
8-K	2019-10-29
8-K	2019-10-25
8-K	2019-10-24
8-K	2019-10-22
8-K	2019-10-18
8-K	2019-10-11
8-K	2019-10-08
8-K	2019-10-04
8-K	2019-09-27
8-K	2019-09-27
8-K	2019-09-24
8-K	2019-09-20
8-K	2019-09-20
8-K	2019-09-17
8-K	2019-09-13
8-K	2019-09-10
8-K	2019-09-06
8-K	2019-09-03
8-K	2019-08-30
8-K	2019-08-27
8-K	2019-08-23
8-K	2019-08-20
8-K	2019-08-16
8-K	2019-08-13
8-K	2019-08-09
8-K	2019-08-06
8-K	2019-08-02
8-K	2019-07-30
8-K	2019-07-29
8-K	2019-07-26
8-K	2019-07-23
8-K	2019-07-19
8-K	2019-07-16
8-K	2019-07-12
8-K	2019-07-09
8-K	2019-06-28
8-K	2019-06-28
8-K	2019-06-27
8-K	2019-06-25
8-K	2019-06-21
8-K	2019-06-18
8-K	2019-06-14
8-K	2019-06-11
8-K	2019-06-07
8-K	2019-06-04
8-K	2019-05-31
8-K	2019-05-24
8-K	2019-05-21
8-K	2019-05-17
8-K	2019-05-14
8-K	2019-05-10
8-K	2019-05-07
8-K	2019-05-03
8-K	2019-05-02
8-K	2019-04-30
8-K	2019-04-29
8-K	2019-04-26
8-K	2019-04-12
8-K	2019-04-05
8-K	2019-04-02
8-K	2019-03-29
8-K	2019-03-26
8-K	2019-03-22
8-K	2019-03-22
8-K	2019-03-19
8-K	2019-03-15
8-K	2019-03-12
8-K	2019-03-08
8-K	2019-03-01
8-K	2019-02-26
8-K	2019-02-22
8-K	2019-02-21
8-K	2019-02-19
8-K	2019-02-12
8-K	2019-02-08
8-K	2019-01-29
8-K	2019-01-25
8-K	2019-01-22
8-K	2019-01-18
8-K	2019-01-15
8-K	2019-01-11
8-K	2019-01-08
8-K	2019-01-04
8-K	2019-01-04
8-K	2018-12-25
8-K	2018-12-21
8-K	2018-12-17
8-K	2018-12-14
8-K	2018-12-14
8-K	2018-12-07
8-K	2018-12-04
8-K	2018-11-27
8-K	2018-11-13
8-K	2018-11-13
8-K	2018-11-09
8-K	2018-11-02
8-K	2018-10-29
8-K	2018-10-26
8-K	2018-10-23
8-K	2018-10-19
8-K	2018-10-12
8-K	2018-10-05
8-K	2018-10-04
8-K	2018-09-28
8-K	2018-09-25
8-K	2018-09-20
8-K	2018-09-19
8-K	2018-09-18
8-K	2018-09-12
8-K	2018-09-06
8-K	2018-08-22
8-K	2018-08-16
8-K	2018-08-14
8-K	2018-08-08
8-K	2018-08-02
8-K	2018-07-31
8-K	2018-07-26
8-K	2018-07-26
8-K	2018-07-18
8-K	2018-07-17
8-K	2018-07-10
8-K	2018-07-05
8-K	2018-07-02
8-K	2018-06-27
8-K	2018-06-25
8-K	2018-06-22
8-K	2018-06-20
8-K	2018-06-18
8-K	2018-06-13
8-K	2018-06-08
8-K	2018-06-05
8-K	2018-05-30
8-K	2018-05-16
8-K	2018-05-14
8-K	2018-05-02
8-K	2018-05-01
8-K	2018-04-26
8-K	2018-04-25
8-K	2018-04-24
8-K	2018-04-18
8-K	2018-04-13
8-K	2018-04-10
8-K	2018-04-06
8-K	2018-03-28
8-K	2018-03-23
8-K	2018-03-19
8-K	2018-03-15
8-K	2018-03-12
8-K	2018-03-08
8-K	2018-03-05
8-K	2018-02-21
8-K	2018-02-21
8-K	2018-02-14
8-K	2018-02-07
8-K	2018-02-06
8-K	2018-01-31
8-K	2018-01-30
8-K	2018-01-29
8-K	2018-01-29
8-K	2018-01-24
8-K	2018-01-23
8-K	2018-01-22
8-K	2018-01-17
8-K	2018-01-10
8-K	2018-01-08
8-K	2018-01-03
8-K	2017-12-29

FHLBT 10Q Quarterly Report

Federal Home Loan Bank of Topeka Earnings 2020-06-30