Exhibit 99.1
FHLBANK TOPEKA ANNOUNCES 2018 SECOND QUARTER RESULTS

July 26, 2018 - FHLBank Topeka (FHLBank) announces its second quarter 2018 operating results. FHLBank is reporting net income computed in accordance with U.S. generally accepted accounting principles (GAAP) of $45.7 million for the three months ended June 30, 2018 compared to $45.6 million for the three months ended June 30, 2017. For the six months ended June 30, 2018, FHLBank is reporting net income of $85.3 million compared to $99.3 million for the six months ended June 30, 2017. Other operating highlights from the second quarter of 2018 and the six months then ended are presented below. FHLBank expects to file its Form 10-Q for the quarter ended June 30, 2018 with the Securities and Exchange Commission (SEC) on or about August 9, 2018.

Operating Highlights
Net income remained flat, with a slight increase of $0.1 million, or 0.3 percent, for the three months ended June 30, 2018 compared to the three months ended June 30, 2017 due largely to an increase in net interest income mostly offset by net fair value fluctuations on swapped trading securities and derivatives that do not qualify for hedge accounting (economic derivatives);
Net interest income, FHLBank's largest source of income, increased $3.6 million, or 5.5 percent, for the three months ended June 30, 2018 compared to the three months ended June 30, 2017 due primarily to the decline in net premium amortization expense on the mortgage loan portfolio between periods;
Total assets increased $3.7 billion, or 7.6 percent, from December 31, 2017 to June 30, 2018 due to increases in advances, investment securities, and mortgage loans;
Advances increased $2.4 billion, or 9.2 percent, from December 31, 2017 to June 30, 2018, while the average balance of advances decreased $0.3 billion, or 0.9 percent, during the second quarter of 2018 compared to the prior year period;
Mortgage loans held for portfolio increased $0.5 billion, or 7.2 percent, from December 31, 2017 to June 30, 2018;
Return on average equity (ROE) was 7.25 percent for the three months ended June 30, 2018 compared to 7.64 percent for the three months ended June 30, 2017; and
FHLBank paid a dividend of 1.50 percent on the average outstanding shares of Class A Common Stock and a dividend of 6.75 percent on the average outstanding shares of Class B Common Stock during the second quarter of 2018.

GAAP Income
Net income for the three months ended June 30, 2018 remained largely unchanged compared to the prior year period despite the $3.6 million increase in net interest income, which was offset by the net declines in the fair value of economically swapped trading securities and economic derivatives. The $14.0 million decrease in net income for the six months ended June 30, 2018 compared to the prior year period was a result of the net fair value declines in trading securities and economic derivatives, partially offset by the $3.4 million increase in net interest income. The fair value decline on the trading securities for both the three- and six-month periods was due to increases in mortgage and Treasury interest rates, which were partially offset by the positive fair value fluctuations for the related interest rate swaps caused by the increase in LIBOR. The widening between one- and three-month LIBOR for both the three- and six-month periods generated additional fair value losses on basis swaps economically hedging consolidated obligations. The increase in net interest income for the three and six months ended June 30, 2018 when compared to the respective prior year periods was due mostly to the decline in premium amortization expense on the mortgage loan portfolio between periods. The nominal increase in net income for the three months ended June 30, 2018 compared to the prior year period combined with an increase in average capital resulted in a decrease in ROE, from 7.64 percent for the three months ended June 30, 2017 to 7.25 percent for the three months ended June 30, 2018. The $14.0 million decrease in net income for the six months ended June 30, 2018 compared to the prior year period combined with an increase in average capital for the six months ended June 30, 2018 compared to the prior year period also resulted in a decrease in ROE, from 8.58 percent for the six months ended June 30, 2017 to 6.67 percent for the six months ended June 30, 2018.

About FHLBank’s Non-GAAP Financial Measures
Because FHLBank's business model is primarily one of holding assets and liabilities to maturity, FHLBank management believes that certain non-GAAP financial measures are helpful in understanding FHLBank's operating results and provide meaningful period-to-period comparison of FHLBank's long-term economic value in contrast to GAAP results, which can be impacted by fair value changes driven by market volatility or transactions that are considered unpredictable or not routine. FHLBank reports the following non-GAAP financial measures that it believes are useful to stakeholders as key measures of its operating performance: (1) adjusted income, (2) adjusted net interest margin, and (3) adjusted ROE. Reconciliations of these non-GAAP financial measures to the most comparable GAAP measure are included below. Although FHLBank calculates its non-GAAP financial measures consistently from period to period using appropriate GAAP components, non-GAAP financial measures are not required to be uniformly applied and are not audited. Another material limitation associated with the use of the above non-GAAP financial measures is that they have no standardized measurement prescribed by GAAP and may not be comparable to similar non-GAAP financial measures used by other companies. While FHLBank believes the non-GAAP measures contained in this announcement are frequently used by FHLBank’s stakeholders in the evaluation of FHLBank's performance, such non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analyses of financial information prepared in accordance with GAAP.



The following information was filed by Federal Home Loan Bank Of Topeka on Thursday, July 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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