The Federal Home Loan Banks have priced a $4 billion, 4.750%, 10-year global bond due Dec 16, 2016.The issue (CUSIP: 3133XHZK1) was priced at 99.466 to yield 4.818%, or 31.5 basis points higher than comparable U.S. Treasury notes. The settlement date is Dec. 1. Banc of America, Deutsche Bank, and JPMorgan are the joint lead managers for the transaction. The FHLBank System's Office of Finance can be found online at http://www.fhlb-of.com.

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