Discount Note Auctions

The FHLBanks auction discount notes in selected maturities twice per week (Tuesdays and Thursdays).  Typically, 4-week, 8-week, 13-week and 26-week maturities are auctioned, but this is contingent on FHLBank demand for funding with these terms.  The FHLBanks may decide not to offer one or more of these maturities, or skip an auction entirely, if there is no need for these funds.