[LOGO OF FEDERAL HOME LOAN BANK]
Master Transaction Agreement
This Master Transaction Agreement ("Agreement") dated this 9th day of July, 2003, is entered into between
Farm Bureau Life Insurance Company ("Customer"), with principal offices at West Des Moines, Iowa and the
Federal Home Loan Bank of Des Moines ("Bank") with principal offices at 907 Walnut, Des Moines, Iowa
Article 1 Deposit Accounts
1.1 Deposit Accounts. The Bank may establish one or more deposit accounts with such maturities and bearing
such interest as the Bank and the Customer may agree from time to time.
1.2 Charges To Customer's Account. The Bank, so long as it acts in good faith and with ordinary care may
charge Customer's deposit account(s) for: (1) any regulatory assessment if directed to do so by the Customer's
primary regulator; and (2) amounts due the Bank arising in connection with services performed by the Bank on
behalf of the Customer.
1.3 Security Interest. Customer hereby grants to Bank a security interest in all deposit accounts in order to secure
any and all obligations of the Customer now or hereafter existing. Customer authorizes the Bank to exercise all
rights and remedies available to secured creditors in the event of default on any obligation including, but not
limited to, the right to set off any deposits against any obligation.
1.4 Overdrafts. If an overdraft occurs in the Customer's account then the Bank may, at its option:
A. charge a penalty fee to the Customer's deposit account equal to the greater of (a) $50.00 or (b) the amount of
the overdraft rounded upward to the nearest one thousand dollars ($1,000.00) multiplied by the interest rate the
Bank charges on its overnight advance on each day the overdraft occurs plus three hundred (300) basis points
for the number of days the overdraft is outstanding.
B. treat the overdraft as an advance by the Bank to the Customer in every respect as though the Bank had then
received and honored a request for advance u