EX-10.1






Board of Directors Compensation Policy

December 15, 2011




Effective January 1, 2012




Policy Information




	 	 	 
	Document Title:

	 	Board of Directors Compensation Policy
	Content Owner:

	 	Director of Human Resources and

Administration
	Certification of Compliance Contact:

	 	N/A
	Policy Category:

	 	FHLBank Policy
	FHLBank-Level Approver:

	 	Policy Oversight Group
	Board-Level Approver:

	 	Full Board (Compensation)
	Review Frequency:

	 	Annually
	Initial Effective Date:

	 	01/01/2010
	Last Review Date:

	 	12/16/2010
	Next Review Date:

	 	12/2012











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Introduction



This FHLBank Policy, governed by the board of directors (board), governs the compensation of
individuals serving as directors of the Federal Home Loan Bank of Topeka (FHLBank). Section 7(i)
of the Federal Home Loan Bank Act and 12 U.S.C. §1261.22 require the board annually to adopt a
written compensation policy to provide for the payment of reasonable compensation and expenses to
the directors for the time required of them in performing their duties as directors.



Purpose



Directors should be reasonably compensated for the time and effort exerted in the performance of
their duties as a director of FHLBank. This policy establishes reasonable compensation for the
activities and functions for which director attendance or participation is necessary and provides
compensation reflecting the amount of time a director has spent on official FHLBank business.
Differentials in meeting attendance fees for the chair, vice chair and the various committee chairs
shall reflect the additional responsibility assumed by these directors.



Scope



Directors shall be compensated for attendance at board meetings. Directors shall not be compensated
for attendance though telephone or video conference.



Policy



1. Compensation. Individuals serving as directors of FHLBank shall be paid a meeting fee
for each day in physical attendance at a regular or special meeting of the board and shall receive
no other compensation from FHLBank other than reimbursement of expenses. The following table
illustrates the maximum annual compensation to be paid to various board member positions. The daily
meeting fee shall be the maximum in the table below divided by six.



	 	 	 	 	 
	Position	 	Maximum Annual Compensation
	Director
	 	$	75,000	 
	Vice Chair of Board
	 	$	85,000	 
	Chair of Board
	 	$	100,000	 
	Audit Committee Chair
	 	$	85,000	 
	Compensation Committee Chair
	 	$	85,000	 
	Operations Committee Chair
	 	$	85,000	 
	Housing and Governance Committee Chair
	 	$	85,000	 
	Risk Oversight Chair
	 	$	85,000	 






2. Number of Meetings. The board shall hold at least six regular board meetings per year.
Special meetings of the board may be held as provided in the FHLBank’s bylaws.



3. Reimbursement of Expenses. Directors shall be entitled to reimbursement for all
necessary and reasonable travel, subsistence and other related expenses incurred in connection with
the performance of their official duties as provided in the Directors and Executive Officers Travel
Policy, except that directors may not be paid for gift or entertainment expenses.



Policy Review



This policy shall be reviewed annually and revised as needed by the Director of Human Resources and
Administration. Any such revisions shall be approved by the Policy Oversight Group and submitted
for review and approval by the Compensation committee and the board.




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