EXHIBIT 24

POWER OF ATTORNEY

ANNUAL REPORT ON FORM 10-K FOR FISCAL 2021

    KNOW ALL PERSONS BY THESE PRESENTS that each of the undersigned Directors of the Federal Home Loan Bank of Indianapolis (the “Bank”) hereby constitutes and appoints Cindy L. Konich (Principal Executive Officer), Gregory L. Teare (Principal Financial Officer) and K. Lowell Short, Jr. (Principal Accounting Officer), or any of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and revocation, to execute any and all instruments that said attorneys-in-fact and agents, or any of them, may deem necessary or advisable or may be required to enable the Bank to comply with the Securities Exchange Act of 1934, as amended (the “1934 Act”), and any rules, regulations or requirements of the Securities and Exchange Commission (the “Commission”) in respect thereof, in connection with the filing under the 1934 Act of the Bank’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”), including specifically, but without limiting the generality of the foregoing, power and authority to sign the name of each of the undersigned in the capacity of Director of the Bank to the 2021 Annual Report to be filed with the Commission and to any instruments or documents filed as part of or in connection with the 2021 Annual Report, including any amendments or supplements thereto; and granting unto each of said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned might or could do in person, and each of the undersigned hereby ratifies and confirms all that said attorneys-in-fact and agents, or any of them, shall do or cause to be done by virtue hereof.

    This power of attorney will be governed by and construed in accordance with the laws of the State of Indiana. This power of attorney will remain in effect until revoked by a resolution of the Bank’s Board of Directors as to all signatories, or as to any individual signatory by delivery of a written revocation by such individual signatory to the Bank’s Corporate Secretary. The execution of this power of attorney is not intended to, and does not, revoke any prior powers of attorney. This power of attorney may be executed in multiple counterparts, each of which shall be deemed an original with respect to the person executing it, but which taken together, shall constitute one instrument.

    IN WITNESS WHEREOF, each of the undersigned has subscribed these presents this 21st day of January, 2022.

FEDERAL HOME LOAN BANK OF INDIANAPOLIS

/s/ Dan L. Moore

Dan L. Moore, Chair

/s/ Karen F. Gregerson

Karen F. Gregerson, Vice Chair

/s/ Brian D.J. Boike

Brian D.J. Boike

/s/ Michael E. Bosway

Michael E. Bosway

/s/ Clifford M. Clarke

Clifford M. Clarke

1

/s/ Lisa D. Cook

Lisa D. Cook

/s/ Charlotte C. Decker

Charlotte C. Decker

/s/ Robert M. Fisher

Robert M. Fisher

/s/ Perry G. Hines

Perry G. Hines

/s/ Jeffrey G. Jackson

Jeffrey G. Jackson

/s/ Robert D. Long

Robert D. Long

/s/ Michael J. Manica

Michael J. Manica

/s/ Larry W. Myers

Larry W. Myers

/s/ Christine Coady Narayanan

Christine Coady Narayanan

/s/ Sherri L. Reagin

Sherri L. Reagin

/s/ Todd E. Sears

Todd E. Sears

/s/ Larry A. Swank

Larry A. Swank

2