v3.25.1
Statements of Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income:    
Advances $ 473 $ 759
Interest-bearing deposits 44 53
Securities purchased under agreements to resell 16 25
Federal funds sold 59 75
AFS securities 268 283
HTM securities 18 25
Mortgage loans held for portfolio 5 6
Total Interest Income 883 1,226
Interest Expense:    
Bonds 594 850
Discount notes 126 193
Deposits 16 17
Mandatorily redeemable capital stock 5 16
Total Interest Expense 741 1,076
Net Interest Income 142 150
Provision for/(reversal of) credit losses 1 (4)
Net Interest Income After Provision for/(Reversal of) Credit Losses 141 154
Other Income/(Loss):    
Net gain/(loss) on advances and consolidated obligation bonds held under fair value option 29 (14)
Net gain/(loss) on derivatives (15) 15
Standby letters of credit fees 5 5
Termination of long-term funding arrangement 0 30
Other, net 1 0
Total Other Income/(Loss) 20 36
Other Expense:    
Compensation and benefits 29 29
Other operating expense 15 14
Federal Housing Finance Agency 2 2
Office of Finance 1 1
Voluntary housing and community investment contributions 10 4
Other, net (1) 0
Total Other Expense 56 50
Income/(Loss) Before Assessment 105 140
AHP assessment 11 16
Net Income/(Loss) $ 94 $ 124