New Issue: FHLB prices $50 million three-year one-time callable step up notes at 0.55% initial rate

New York, April 19 - Federal Home Loan Banks priced $50 million of 0.55% initial rate three-year one-time callable step up notes at par, according to the agency's web site.

The bonds will mature on May 17, 2013 and are callable one time.

RBC Capital Markets is the manager.

Issuer:	Federal Home Loan Banks
Issue:	Step up notes
Amount:	$50 million
Maturity:	May 17, 2013
Coupon:	0.55% initial rate
Price:	Par
Call:	One time
Pricing date:	April 19
Settlement date:	May 17
Underwriter:	RBC Capital Markets

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