Note 2: Organization and Summary of Significant Accounting Policies: Federal Reserve Bank and Federal Home Loan Bank Stock Policy (Policies)

9 Months Ended

Mar. 31, 2015

Policies

Federal Reserve Bank and Federal Home Loan Bank Stock Policy

Federal Reserve Bank and Federal Home Loan Bank Stock. The Bank is a member of the FHLB system and the Federal Reserve Bank of St. Louis. Capital stock of the Federal Reserve and the FHLB is a required investment based upon a predetermined formula and is carried at cost.