I applied online. The process took 2 weeks. I interviewed at FHLBank Chicago (Chicago, IL) in Feb 2013
Interview
There is a phone interview followed by a 3.5 hour in person interview. The 3.5 hours is broken down into 30 minute sections with a different person. Although you speak to many people, each one is one on one.
Interview questions [1]
Question 1
Where do you hope to be in 10 years?
What is your greatest strength?
Walk me though your resume.