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  <TITLE> Federal Home Loan Bank of Topeka (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	March 15, 2007
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  	Federal Home Loan Bank of Topeka
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Kansas
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  	000-52004
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  	48-0561319
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	One Security Benefit Pl. Suite 100, Topeka, Kansas
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  	66606
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	785.233.0507
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On March 15, 2007, the board of directors of the Federal Home Loan Bank of Topeka approved certain amendments to the Federal Home Loan Bank of Topeka Performance Pay Plan (the  "Plan").  The Plan provides all regular full-time and part-time employees that are eligible to participate in the Plan the opportunity to earn incentive compensation under the Plan based on the attainment of performance objectives determined by a committee of the board of directors or by the chief executive officer pursuant to delegated authority. Amendments to the Plan consisted of amending the Plan to (1) change those officers for which, in addition to the chief executive officer, the board of directors designates a payout percentage and makes a payment determination under the terms of the Plan from the four most highly compensated executives of the FHLBank (in addition to the chief executive officer) to the chief executive officer&#x2019;s direct reports (the "Executives") and (2) grant to the compensation committee of the board of directors (the "Committee") all of the powers, duties and authority under the Plan previously vested in the human resources committee, including the power and authority to administer, construe, interpret and implement the Plan and the discretion to reduce  or eliminate the amount of bonus payable to the chief executive officer or other Executives under the Plan, and to prorate an award granted to a terminated chief executive officer or Executive. A copy of the Plan, as amended, will be included as an exhibit to the FHLBank&#x2019;s Amendment No. 1 to Form 10-K for the fiscal year ended December 31, 2006, filed subsequent to this current report on Form 8-K.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Federal Home Loan Bank of Topeka
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  	&nbsp;&nbsp;
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  <I>
  	April 5, 2007
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  	By:
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  <I>
  	/s/ Andrew J. Jetter
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  	&nbsp;
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  <I>
  	Name: Andrew J. Jetter
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  <I>
  	Title: President and CEO
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_19400.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9937}]
metadata_filer: {"company-data": {"conformed-name": "Federal Home Loan Bank of Topeka", "cik": "0001325878", "assigned-sic": "6111", "irs-number": "480561319"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52004", "film-number": "07751841"}, "business-address": {"street1": "ONE SECURITY BENEFIT PLACE, SUITE 100", "city": "TOPEKA", "state": "KS", "zip": "66601", "phone": "785 233 0507"}, "mail-address": {"street1": "ONE SECURITY BENEFIT PLACE, SUITE 100", "city": "TOPEKA", "state": "KS", "zip": "66601"}}
text: Federal Home Loan Bank of Topeka (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  March 15, 2007
  Federal Home Loan Bank of Topeka
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Kansas
  000-52004
  48-0561319
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  One Security Benefit Pl. Suite 100, Topeka, Kansas
  66606
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  785.233.0507
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On March 15, 2007, the board of directors of the Federal Home Loan Bank of Topeka approved certain amendments to the Federal Home Loan Bank of Topeka Performance Pay Plan (the  "Plan").  The Plan provides all regular full-time and part-time employees that are eligible to participate in the Plan the opportunity to earn incentive compensation under the Plan based on the attainment of performance objectives determined by a committee of the board of directors or by the chief executive officer pursuant to delegated authority. Amendments to the Plan consisted of amending the Plan to (1) change those officers for which, in addition to the chief executive officer, the board of directors designates a payout percentage and makes a payment determination under the terms of the Plan from the four most highly compensated executives of the FHLBank (in addition to the chief executive officer) to the chief executive officer's direct reports (the "Executives") and (2) grant to the compensation committee of the board of directors (the "Committee") all of the powers, duties and authority under the Plan previously vested in the human resources committee, including the power and authority to administer, construe, interpret and implement the Plan and the discretion to reduce  or eliminate the amount of bonus payable to the chief executive officer or other Executives under the Plan, and to prorate an award granted to a terminated chief executive officer or Executive. A copy of the Plan, as amended, will be included as an exhibit to the FHLBank's Amendment No. 1 to Form 10-K for the fiscal year ended December 31, 2006, filed subsequent to this current report on Form 8-K.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Federal Home Loan Bank of Topeka
  April 5, 2007
  By:
  /s/ Andrew J. Jetter
  Name: Andrew J. Jetter
  Title: President and CEO