October 31, 2008

The assets listed in the attached Appendix A constitute qualified collateral as defined in the Collateral section of this policy. Assets held in a subsidiary are only qualified upon execution of subsidiary pledge documents.

The Bank may, in its sole discretion, refuse certain collateral or adjust collateral discounts applied, based upon the financial condition of the member, and on the Bank's review of the overall quality and volatility of the value of the collateral pledged.