• Capital Markets
• Debt Securities
  • Debt Securities Data
  • Debt Products
    • Reference Bills
    • Discount Notes
    • Medium Term Notes
    • Credit Risk Offerings
    • Reference Notes
    • Subordinated Debt
  • Securities Auctions
  • Legal Documentation
  • Contact Information
• Mortgage Securities
• Credit Risk Offerings
• Seasoned Loan Offerings

Key Program Features: MTN Callable

Amounts	$5 million and up
Maturities	Normally 12 months through 30 years
First call dates	Normally, as short as 3 months and as long as 10 years
Ratings	AA+/Negative (S&P), Aaa/Negative (Moody's), AAA (Fitch)
Offering timeframe	Continuously throughout the calendar year
Clearing and settlement	Fed Book-Entry System / For Globals: Fedwire, Euroclear, Clearstream
Minimum denominations	$1,000 or greater in increments of $1,000 / For Globals: $100,000 or greater in increments of $1,000
Redemption	In full at par on the earlier of the final maturity date or the first exercised call date
Day count convention	Normally 30/360
Interest payment frequency	Depending upon investors' requirements, can be annually, semiannually, quarterly, monthly or other
Documentation	Domestic MTN Program
Governing law	New York