Annual Report — Form 10-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 3.05M
2: EX-4.4 Instrument Defining the Rights of Security Holders HTML 57K
4: EX-10.11 Material Contract HTML 45K
3: EX-10.8 Material Contract HTML 70K
5: EX-24 Power of Attorney HTML 33K
6: EX-31.1 Certification -- §302 - SOA'02 HTML 31K
7: EX-31.2 Certification -- §302 - SOA'02 HTML 31K
8: EX-31.3 Certification -- §302 - SOA'02 HTML 31K
9: EX-32 Certification -- §906 - SOA'02 HTML 29K
16: R1 Cover Page HTML 90K
17: R2 Statements of Condition HTML 128K
18: R3 Statements of Condition Parenthetical HTML 42K
19: R4 Statements of Income HTML 117K
20: R5 Statements of Comprehensive Income HTML 44K
21: R6 Statements of Capital HTML 76K
22: R7 Statements of Capital Parenthetical HTML 29K
23: R8 Statements of Cash Flows HTML 185K
24: R9 Summary of Significant Accounting Policies HTML 111K
25: R10 Recently Adopted and Issued Accounting Guidance HTML 52K
26: R11 Cash and Due from Banks HTML 32K
27: R12 Investments HTML 162K
28: R13 Advances HTML 82K
29: R14 Mortgage Loans Held for Portfolio HTML 152K
30: R15 Premises, Software and Equipment HTML 44K
31: R16 Derivatives and Hedging Activities HTML 247K
32: R17 Deposit Liabilities HTML 44K
33: R18 Consolidated Obligations HTML 89K
34: R19 Affordable Housing Program HTML 41K
35: R20 Capital HTML 103K
36: R21 Accumulated Other Comprehensive Income HTML 89K
37: R22 Employee Retirement and Deferred Compensation HTML 113K
Plans
38: R23 Segment Information HTML 83K
39: R24 Estimated Fair Values HTML 283K
40: R25 Commitments and Contingencies HTML 49K
41: R26 Related Party and Other Transactions HTML 62K
42: R27 Summary of Significant Accounting Policies HTML 188K
(Policies)
43: R28 Investments (Tables) HTML 163K
44: R29 Advances (Tables) HTML 75K
45: R30 Mortgage Loans Held for Portfolio (Tables) HTML 146K
46: R31 Premises, Software and Equipment (Tables) HTML 43K
47: R32 Derivatives and Hedging Activities (Tables) HTML 235K
48: R33 Deposit Liabilities (Tables) HTML 41K
49: R34 Consolidated Obligations (Tables) HTML 90K
50: R35 Affordable Housing Program (Tables) HTML 39K
51: R36 Capital (Tables) HTML 96K
52: R37 Accumulated Other Comprehensive Income (Tables) HTML 88K
53: R38 Employee Retirement and Deferred Compensation HTML 109K
Plans (Tables)
54: R39 Segment Information (Tables) HTML 76K
55: R40 Estimated Fair Values (Tables) HTML 272K
56: R41 Commitments and Contingencies (Tables) HTML 41K
57: R42 Related Party and Other Transactions (Tables) HTML 59K
58: R43 Summary of Significant Accounting Policies HTML 49K
(Details)
59: R44 Recently Adopted and Issued Accounting Guidance HTML 41K
(Details)
60: R45 Cash and Due from Banks (Details) HTML 31K
61: R46 Investments - Short-term Investments (Details) HTML 47K
62: R47 Investments - Trading Securities (Details) HTML 41K
63: R48 Investments AFS Securities - Major Security Types HTML 55K
(Details)
64: R49 Investments AFS Securities - Unrealized Loss HTML 49K
Positions (Details)
65: R50 Investments AFS Securities - Redemption Terms HTML 63K
(Details)
66: R51 Investments HTM Securities - Major Security Types HTML 74K
(Details)
67: R52 Investments - Narrative (Details) HTML 50K
68: R53 Other-Than-Temporary Impairment Analysis - HTML 36K
Rollforward of the Cumulative Credit Losses
(Details)
69: R54 Advances - Advances by Year of Contractual HTML 73K
Maturity (Details)
70: R55 Advances - Earlier of Contractual Maturity or Next HTML 61K
Call Date and Year of Contractual Maturity or Next
Put Date (Details)
71: R56 Advances - Narrative (Details) HTML 43K
72: R57 Mortgage Loans Held for Portfolio Mortgage Loans HTML 83K
(Details)
73: R58 Mortgage Loans Held for Portfolio - Credit HTML 35K
Enhancements (Details)
74: R59 Mortgage Loans Held for Portfolio - Credit Quality HTML 108K
Indicators (Details)
75: R60 Mortgage Loans Held for Portfolio - Credit HTML 62K
Waterfall (Details)
76: R61 Mortgage Loans Held for Portfolio - Rollforward HTML 49K
(Details)
77: R62 Premises, Software and Equipment (Details) HTML 55K
78: R63 Derivatives and Hedging Activities - Narrative HTML 33K
(Details)
79: R64 Derivatives and Hedging Activities - Derivatives HTML 81K
in Statement of Condition (Details)
80: R65 Derivatives and Hedging Activities - Offsetting HTML 70K
Derivative Assets and Liabilities (Details)
81: R66 Derivatives and Hedging Activities - Derivatives HTML 62K
in Statement of Income (Details)
82: R67 Derivatives and Hedging Activities - Derivatives HTML 74K
in Statement of Income and Impact on Interest)
(Details)
83: R68 Derivatives and Hedging Activities - Cumulative HTML 53K
Basis Adjustments for Fair Value Hedges (Details)
84: R69 Deposit Liabilities (Details) HTML 44K
85: R70 Consolidated Obligations - Discount Notes HTML 39K
(Details)
86: R71 Consolidated Obligations (Details) HTML 89K
87: R72 Consolidated Obligations - Bonds by Callable HTML 35K
Feature (Details)
88: R73 Consolidated Obligations - (CO Bonds by HTML 38K
Interest-rate Payment Type) (Details)
89: R74 Affordable Housing Program (Details) HTML 41K
90: R75 Capital - Narrative (Details) HTML 55K
91: R76 Capital - Capital Stock by Sub-Series (Details) HTML 41K
92: R77 Capital - Mandatorily Redeemable Capital Stock HTML 39K
Rollforward (Details)
93: R78 Capital - MRCS Contractual Year Redemption HTML 50K
(Details)
94: R79 Capital - MRCS Distributions (Details) HTML 33K
95: R80 Capital - Regulatory Capital Requirements HTML 50K
(Details)
96: R81 Accumulated Other Comprehensive Income (Details) HTML 84K
97: R82 Employee Retirement and Deferred Compensation HTML 59K
Plans - Qualified Defined Benefit Multiemployer
Plan (Details)
98: R83 Employee Retirement and Deferred Compensation HTML 109K
Plans - Nonqualified Defined Benefit Plan
(Details)
99: R84 Employee Retirement and Deferred Compensation HTML 37K
Plans Employee Retirement and Deferred
Compensation Plans - Nonqualified Deferred
Compensation Plan (Details)
100: R85 Segment Information (Details) HTML 65K
101: R86 Estimated Fair Values - Carrying Value and Fair HTML 161K
Value of Financial Instruments (Details)
102: R87 Estimated Fair Values - Recurring and HTML 163K
Non-Recurring Basis (Details)
103: R88 Estimated Fair Values - Level 3 Reconciliation HTML 56K
(Details)
104: R89 Commitments and Contingencies (Details) HTML 71K
105: R90 Related Party and Other Transactions (Details) HTML 55K
107: XML IDEA XML File -- Filing Summary XML 195K
15: XML XBRL Instance -- fhlbi-20201231_htm XML 5.59M
106: EXCEL IDEA Workbook of Financial Reports XLSX 194K
11: EX-101.CAL XBRL Calculations -- fhlbi-20201231_cal XML 403K
12: EX-101.DEF XBRL Definitions -- fhlbi-20201231_def XML 1.22M
13: EX-101.LAB XBRL Labels -- fhlbi-20201231_lab XML 2.82M
14: EX-101.PRE XBRL Presentations -- fhlbi-20201231_pre XML 1.65M
10: EX-101.SCH XBRL Schema -- fhlbi-20201231 XSD 279K
108: JSON XBRL Instance as JSON Data -- MetaLinks 596± 897K
109: ZIP XBRL Zipped Folder -- 0001331754-21-000050-xbrl Zip 804K
This Severance Pay Plan (“Plan”) is intended to protect an employee(s) from financial hardships due to the loss of their job through no fault of their own. It is designed to provide income during a limited
period while the employee looks for other employment and to compensate the employee for the loss of their employment with the Bank. It is nondiscriminatory and provides for payment of severance benefits to all eligible employees upon involuntary termination as provided for under the requirements of this Plan.
EMPLOYMENT STATUS:
This Plan applies to full-time and part-time employees. It does not apply to temporary, leased, internship or contract employees.
QUALIFYING EVENTS:
The following qualifying events will trigger an employee’s
right to severance benefits:
1.The elimination of a job or position.
2.A reduction in force.
3.A substantial job modification, to the extent the incumbent employee is no longer qualified for, or is unable to perform, the restructured job.
4.The reassignment of staff requiring the relocation by more than 75 miles of the employee’s primary residence.
5.The termination of employment of an employee with the Bank resulting from the sale, merger or acquisition of the Bank by another entity.
The
receipt of severance benefits under this Plan is made expressly conditional on the separated employee’s execution of a binding separation contract (“Separation Contract”). The Separation Contract will include an outline of the severance payments benefit granted under this Plan (in excess of two weeks’ pay and other short-term benefit payments made by the Bank to terminating employees, which represents the binding consideration for obtaining the legal release), and Additional Benefits, if any, determined in accordance with the “Additional Benefits” provision below , and shall provide a general legal release by the employee of any claims against the Bank relative to the involuntary termination
as well any other claims arising out of or relating to employment with the Bank. The waiver shall apply to all claims arising on or before the date the Separation Contract is to be executed. The Bank expressly reserves the right to negotiate additional conditions, including covenants not to compete, as appropriate on a case by case basis.
The employee shall, unless otherwise required by law, have a period of at least 21 days following its execution to rescind the Separation Contract. In cases where an early retirement program is offered to a group or class of employees, the review period will be extended to 45 days as required by the Older Workers Benefit Protection Act of 1990.
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1
DISQUALIFYING EVENTS:
The following events will disqualify an employee from receiving severance benefits:
1.The acceptance of or refusal to accept a transfer of job assignment within the Bank which does not require relocation of the employee’s primary residence as described above.
2. The acceptance of or refusal to accept new employment offered by the acquiring company (regardless of whether the job is voluntarily offered by the legal successor or triggered by the terms of the sale) for a generally comparable job position which does not require relocation of the employee’s primary residence as described above.
3. Retirement
from the Bank under conditions not involving elimination or termination of the job, including the acceptance of an early retirement incentive plan provided to a group of employees.
4. Voluntary termination of employment.
5. Involuntary termination of employment, “for cause,” or “unacceptable job performance” as interpreted by the Bank. "For cause" terminations will generally disqualify an employee from receiving severance benefits. The Bank, however, reserves the right to use judgment on a case by case basis.
6.Failure to report back to the Bank upon expiration of an approved leave of absence during which the eligibility for severance occurs.
7.Resignation prior to a scheduled release date.
SEVERANCE
BENEFIT PAYMENT:
Employees eligible for the Bank’s severance benefit will be paid in a one-time, lump sum payment. All such payments are subject to Federal, State and other withholdings required by law.
SEVERANCE BENEFIT:
The severance benefit is based on the employee’s level in the organization and number of years of service. Years of service with the Bank shall be continuous, unless otherwise waived by the Bank. The pay level used for calculation purposes is the employee’s annual base pay in effect at the time of a qualifying event occurring.
SEVERANCE PAY SCHEDULE
LEVEL
#
WEEKS BASE PAY PER YEAR OF SERVICE
MINIMUM
MAXIMUM
Nonexempt
2
2
26
Exempt
2
2
26
Officer
2
4
52
Senior Officer*
4
8
52
*If
an employee has an agreement with the Bank, or is a participant under a Board-approved policy or program, that contains provisions for the payment of severance pay as a result of a qualifying event (such as a change of control), and payment under such agreement, policy, or program has been triggered as to the employee, the provisions contained in the agreement, policy or program shall control over the terms of this severance pay schedule.
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TERMINATION DATE:
Employment is considered terminated on the employee’s release date as specified by the Bank. Any payments received after that date are considered
severance pay and are not considered salary.
BENEFITS:
Current COBRA requirements allow the terminating employee, at his or her option, to continue health insurance coverage for a specified period of time after termination. The employee is responsible for the payment of the premiums. The Bank will pay the employee in a lump sum payment the amount of such premiums for the time period applicable under the severance pay Schedule set forth in the table above, in addition to the severance pay.
Bank benefits will terminate according to the provisions of the respective benefit plans in effect on the employee’s release/termination date. Accrued and unused annual vacation pay benefits, as of the date of the release, shall be paid in a
lump sum in addition to the severance pay and insurance payment. The Bank will honor any previously approved tuition reimbursement program where the employee is attending classes in the current semester as of the date of the employee’s termination. The Bank will waive any reimbursements required to be made by the employee to the Bank under any educational assistance program.
CLAIM REVIEW PROCEDURE:
If an employee, his/her dependent, or beneficiary objects to the Bank’s determination of the amount of benefits to which he/she is entitled under this Plan, such person may, within sixty days following denial of the benefits for which he/she has applied, file with the Bank, a written claim objecting to the determination of the amount of his/her benefits payable under this Plan. The claimant or his/her representative
may review Plan documents which relate to the claim and may submit written comments to the Bank, Attention: Chief HR & Diversity, Equity and Inclusion Officer. The Bank shall render a written decision concerning the claim not later than ninety days after receipt of such claim. If the claim is denied, in whole or in part, such decision shall include (a) the reason or reasons for the denial; (b) a reference to the Plan provision constituting the basis of the denial; (c) a description of any additional material or information necessary for the claimant to perfect his/her claim; (d) an explanation as to why such information or material is necessary; and (e) an explanation of the Plan’s appeal procedure. The claim shall be deemed to be denied if no response is received by the end of the review period. The claimant may file with the Bank a written notice of appeal of the Bank’s decision not later than sixty days after receiving the Bank’s written decision. The Bank
shall render a written decision on the appeal not later than sixty days after the appeal. Such decision shall include the specific reasons for the decision, including a reference to the Plan’s specific provisions where appropriate. The Bank may extend the foregoing ninety- and sixty-day periods during which it must respond to the claimant by up to an additional ninety- and sixty- days respectively, if special circumstances beyond its control so require; provided that notice of such extension is given to the claimant prior to the expiration of the initial ninety- or sixty-day period, as the case may be.
After this claim review procedure is exhausted, the Bank’s Mandatory Mutual Agreement To Arbitrate procedures for the Bank and employee shall control.
REEMPLOYMENT OPPORTUNITIES:
An
employee subject to the provisions of this Plan may or may not be eligible for reemployment, at the Bank’s discretion.
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ADDITIONAL BENEFITS:
Additional pay or outplacement services, in the sole discretion of the Bank, may be granted to amicably resolve employment separations. These Additional Benefits, if granted, shall be detailed in the Separation Contract.
ADMINISTRATION/RESPONSIBILITIES:
This
Severance Plan shall be administered by the Chief HR & Diversity, Equity and Inclusion Officer. Interpretations and decisions by the Bank’s Chief HR & Diversity, Equity and Inclusion Officer regarding the application of this Plan, including determinations of job comparability under the Disqualifying Events section of this Plan, made in the Bank’s sole discretion, shall be final, provided the interpretations and decisions are consistent with the Bank’s authority under applicable federal and state law.
Division Heads are responsible for identifying and justifying, in writing, any reductions in force. Final approval of any reductions in force is required from the Bank’s President-CEO (or if the position is vacant, the person(s) acting in that capacity and the Chief HR & Diversity, Equity and Inclusion Officer). Approvals of reductions in force or position eliminations resulting from
the sale of the Bank or any of its business functions or divisions require the approval of the Board of Directors or its authorized delegates.
Bank managers are responsible for ensuring that the application of this Plan is made on a non-discriminatory basis without regard to race, color, religion, national origin, sex, age, sexual orientation, gender identity, genetic information, veteran’s status, parental status, pregnancy status, citizenship status, or mental or physical disability, and without regard to whether the employee has made charges, testified, assisted or participated in enforcement proceedings based on an otherwise unlawful employment practice, in accordance with federal law.
The Bank reserves the right to amend, modify or terminate this Plan, in whole or in part, at any time it deems appropriate. This Plan does
not, and is not intended to, create any contractual rights in favor of any employee or the Bank (unless a Separation Contract is offered to and executed by a particular employee and is accepted by the Bank). While the Bank may grant special consideration to affected employees, Bank management reserves the right to make any employment decision, at any time, deemed to be in the best interest of the Bank, and employment with the Bank may be terminated at any time, with or without cause.
All prior Severance Plans of the Bank are hereby rescinded.
The Severance Pay Plan was reviewed by resolution of the Board of Directors at its November 20, 2020 meeting, and shall be effective until amended or rescinded
by the Board of Directors.
