v3.25.1
Statements of Condition - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 8 $ 2
Interest-bearing deposits 3,300 3,765
Securities purchased under agreements to resell 9,150 7,750
Federal funds sold 4,685 1,645
Available-for-sale (AFS) securities, net of allowance for credit losses of $30 and $30, respectively (amortized cost of $20,336 and $20,274, respectively) 20,393 20,312
Held-to-maturity (HTM) securities (fair values of $1,436 and $1,469, respectively) [1] 1,454 1,489
Advances (includes $5,539 and $5,286 at fair value under the fair value option, respectively) 37,913 45,637
Mortgage loans held for portfolio, net of allowance for credit losses of $1 and $1, respectively 680 693
Accrued interest receivable 182 181
Derivative assets, net 2 30
Other assets 226 231
Total Assets 77,993 81,735
Liabilities:    
Deposits 1,335 1,061
Consolidated obligations:    
Bonds (includes $380 and $436 at fair value under the fair value option, respectively) 56,079 58,174
Discount notes 12,668 14,378
Total consolidated obligations 68,747 72,552
Mandatorily redeemable capital stock 153 331
Accrued interest payable 354 412
Affordable Housing Program (AHP) payable 138 140
Derivative liabilities, net 11 8
Other liabilities 208 227
Total Liabilities 70,946 74,731
Commitments and Contingencies (Note 12)
Capital:    
Capital stock-Class B-Putable ($100 par value) issued and outstanding: 24 shares and 25 shares, respectively 2,443 2,458
Unrestricted retained earnings 3,707 3,668
Restricted retained earnings 815 815
Total Retained Earnings 4,522 4,483
Accumulated other comprehensive income/(loss) (AOCI) 82 63
Total Capital 7,047 7,004
Total Liabilities and Capital $ 77,993 $ 81,735
[1] Amortized cost includes unpaid principal balance, unamortized premiums and discounts, and net charge-offs, and excludes accrued interest receivable of $5 million at March 31, 2025, and December 31, 2024.