UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| | | |
| Date of Report (Date of Earliest Event Reported): | | January 9, 2009 |
Federal Home Loan Bank of Topeka
__________________________________________
(Exact name of registrant as specified in its charter)
| | | |
| Federally Chartered Corporation | 000-52004 | 48-0561319 |
_____________________
(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| | | |
| One Security Benefit Pl. Suite 100, Topeka, Kansas | | 66606 |
_________________________________
(Address of principal executive offices) | | ___________
(Zip Code) |
| | | |
| Registrant’s telephone number, including area code: | | 785.233.0507 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On January 9, 2009, the FHLBank Topeka ("FHLBank Topeka") sent a message to its members describing certain accounting rules that affect each Federal Home Loan Bank’s reported financial performance: (1) Statement of Financial Accounting Standards No. 133 ("SFAS 133") and (2) the accounting rules related to "Other than Temporary Impairment" ("OTTI") for mortgage-backed securities maintained in a held-to-maturity portfolio. The message briefly describes how SFAS 133 and OTTI charges may vary among the Federal Home Loan Banks and includes a general statement as to how FHLBank Topeka management generally evaluates the effects of SFAS 133 and OTTI charges on FHLBank Topeka’s earnings. The message also directs members to the special comment released by Moody’s Investor Services on January 8, 2009, (the "Moody’s Special Comment") entitled "Rating Implications on the Federal Home Loan Banks from Other-than Temporary Impairments." FHLBank Topeka does not endorse, adopt or incorporate here in the information in the Moody’s Special Comment. A copy of the message to members is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by this reference.
The information contained in Exhibit 99.1 and incorporated herein 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 Topeka’s operations. These statements may be identified by the use of forward-looking terminology such as "anticipates," "believes," "could," "estimate," "expect," "will," or other variations on these terms. FHLBank Topeka cautions that by their nature forward-looking statements involve risk or uncertainty 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: legislative and regulatory actions or changes; future economic and market conditions; changes in demand for advances or consolidated obligations of FHLBank Topeka and/or of the FHLBank System; effects of SFAS 133 accounting treatment, OTTI accounting treatment and other accounting rule requirements; and adverse developments or events affecting or involving other Federal Home Loan Banks, housing GSEs or the FHLBank System in general. Additional risks that might cause FHLBank Topeka’s results to differ from these forward-looking statements are provided in detail in FHLBank Topeka’s filings with the Securities and Exchange Commission, which are available at www.sec.gov.
All forward-looking statements contained in Exhibit 99.1 and incorporated herein are expressly qualified in their entirety by 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 FHL Bank Topeka has no obligation and does not undertakes publicly to update, revise or correct any forward-looking statement for any reason.
The information in this Current Report on Form 8-K is being furnished and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"). It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933 if such subsequent filing specifically references this Current Report on Form 8-K. In addition, the furnishing of information in this Current Report on Form 8-K is not intended to, and does not, constitute a determination or admission by the FHLBank Topeka that the information is material or complete.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Message to FHLBank Topeka’s Members dated January 9, 2009.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | |
| | | Federal Home Loan Bank of Topeka |
| | | | | |
| January 9, 2008 | | By: | | /s/ Patrick Doran
|
| | | | |
|
| | | | | Name: Patrick Doran |
| | | | | Title: SVP, General Counsel |
Exhibit Index
| | | |
| Exhibit No. | | Description |
| |
|
99.1 | | Message to FHLBank Topeka’s Members dated January 9, 2009. |
