Schedule A

Schedule A

                                                                                 
                                                    RATE   NEXT           BANK
TRADE           SETTLEMENT   MATURITY   NEXT PAY   CALL   CALL   TYPE/RATE   CALL   COUPON   PAR
DATE   CUSIP   DATE   DATE   DATE   TYPE(1)   STYLE (2)   SUB-TYPE(3)(4)   DATE   PCT   ($)
06/26/2006
    3133XFJY3       06/28/2006       06/10/2011       12/10/2006     Non-Callable           Fixed Constant             5.25     $ 6,500,000  
06/27/2006
    3133XFLF1       06/29/2006       06/14/2013       12/14/2006     Non-Callable           Fixed Constant             5.375     $ 7,500,000  
06/27/2006
    3133XG4W1       06/29/2006       06/29/2007       12/29/2006     Non-Callable           Fixed Constant             5.50     $ 15,000,000  
    (1)    Call Type Description:

Optional Principal Redemption bonds (callable bonds) may be redeemed by the Bank in whole or inpart at its discretion on predetermined call dates, according to the terms of the bond.
Indexed Amortizing Notes (indexed principal redemption bonds) repay principal based on apredetermined amortization schedule or formula that is linked to the level of a certain index,according to the terms of the bond.
Scheduled Amortizing Notes repay principal based on a predetermined amortization schedule,according to the terms of the bond.

(2)    Call Style Description:

Indicates whether the consolidated obligation is redeemable at the option of the Bank, and if soredeemable, the type of redemption provision. The types of redemption provisions are:
American—redeemable continuously on and after the first redemption date and until maturity.

Bermudan—redeemable on specified recurring dates on and after the first redemption date,until maturity.

European—redeemable on a particular date only.

Canary—redeemable on specified recurring dates on and after the first redemption date untila specified date prior to maturity.

Multi-European—redeemable on particular dates only.

    (3)    Rate Type Description:

Conversion bonds have coupons that convert from fixed to variable, or variable to fixed, or amix of capped coupons and non-capped coupons, or from one variable type to another, or from oneU.S. or other currency index to another, according to the terms of the bond.
Fixed bonds generally pay interest at constant or stepped fixed rates over the life of the bond,according to the terms of the bond.
Variable bonds may pay interest at different rates over the life of the bond, according to theterms of the bond.

    (4)    Rate Sub-Type Description:

Constant bonds generally pay interest at fixed rates over the life of the bond, according to theterms of the bond.
Step Down bonds generally pay interest at decreasing fixed rates for specified intervals overthe life of the bond, according to the terms of the bond.
Step Up bonds generally pay interest at increasing fixed rates for specified intervals over thelife of the bond, according to the terms of the bond.
Step Up/Down bonds generally pay interest at various fixed rates for specified intervals overthe life of the bond, according to the terms of the bond.
Zero Coupon bonds earn a fixed yield to maturity or the optional principal redemption date,according to the terms of the bond, with principal and interest paid at maturity or uponredemption to the extent exercised prior to maturity.
Capped Floater bonds have an interest rate that cannot exceed a stated or calculated ceiling,according to the terms of the bond.
Dual Index Floater bonds have an interest rate determined by two or more indices, according tothe terms of the bond.
Levereraged/Deleveraged bonds pay interest based on a formula that includes an expressedmultiplier, according to the terms of the bond: multiplier > 1 = leveraged, multiplier < 1= deleveraged.
Inverse Floater bonds have an interest rate that increases as an index declines and decreases asan index rises, according to the terms of the bond.
Stepped Floater bonds pay interest based on an increasing spread over an index, according to theterms of the bond.
Range bonds may pay interest at different rates depending upon whether a specified index isinside or outside a specified range, according to the terms of the bond.
Single Index Floater bonds pay interest at a rate that increases as an index rises and decreasesas an index declines, according to the terms of the bond.
Ratchet Floater bonds pay interest subject to increasing floors, according to the terms of thebond, such that subsequent coupons may not be lower than the previous coupon.