v3.25.1
Fair Value (Carrying Value and Fair Value of Financial Instruments) (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Assets        
Cash and due from banks $ 8 $ 2    
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    
HTM Securities, Fair Value [1] 1,454 1,489    
HTM securities, fair value 1,436 1,469    
Interest Receivable 182 181    
Derivative assets, net 2 30    
Derivative Assets 661 752    
Derivative Asset, Netting adjustments [2] 659 722    
Liabilities        
Mandatorily redeemable capital stock 153 331 $ 666 $ 706
Accrued interest payable 354 412    
Derivative liabilities, net 11 8    
Derivative Liabilities 375 458    
Derivative Liability, Netting adjustments [2] (364) (450)    
Carrying Value(1)        
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    
HTM securities, Carrying Value (1,454)      
HTM Securities, Fair Value   1,489    
Advances 37,913 45,637    
Mortgage loans held for portfolio 680 693    
Interest Receivable 182 181    
Derivative assets, net [3] 2 30    
Other assets [4] 17 17    
Liabilities        
Deposits 1,335 1,061    
Discount notes   72,552    
Total consolidated obligations 68,747      
Mandatorily redeemable capital stock 153 331    
Accrued interest payable 354 412    
Derivative liabilities, net [3] 11 8    
Estimated Fair Value        
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    
HTM securities, fair value 1,436 1,469    
Advances 37,903 45,596    
Mortgage loans held for portfolio 570 576    
Interest Receivable 182 181    
Derivative assets, net [3] 2 30    
Other assets [4] 17 17    
Liabilities        
Deposits 1,335 1,061    
Total consolidated obligations 68,592 72,361    
Mandatorily redeemable capital stock 153 331    
Accrued interest payable 354 412    
Derivative liabilities, net [3] 11 8    
Level 1        
Assets        
Cash and due from banks 8 2    
Interest-bearing deposits 3,300 3,765    
Securities purchased under agreements to resell 0 0    
Federal funds sold 0 0    
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) 0 0    
HTM securities, fair value 0 0    
Advances 0 0    
Mortgage loans held for portfolio 0 0    
Interest Receivable 0 0    
Derivative Assets 0 0 [3]    
Other assets [4] 17 17    
Liabilities        
Deposits 0 0    
Total consolidated obligations 0 0    
Mandatorily redeemable capital stock 153 331    
Accrued interest payable 0 0    
Derivative Liabilities 0 0 [3]    
Level 2        
Assets        
Cash and due from banks 0 0    
Interest-bearing deposits 0 0    
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) 19,451 19,355    
HTM securities, fair value 1,345 1,374    
Advances 37,903 45,596    
Mortgage loans held for portfolio 570 576    
Interest Receivable 182 181    
Derivative Assets [3] 661 752    
Derivative Asset, Netting adjustments [3] (659) (722)    
Other assets [4] 0 0    
Liabilities        
Deposits 1,335 1,061    
Total consolidated obligations 68,592 72,361    
Mandatorily redeemable capital stock 0 0    
Accrued interest payable 354 412    
Derivative Liabilities [3] 375 458    
Derivative Liability, Netting adjustments [3] (364) (450)    
Level 3        
Assets        
Cash and due from banks 0 0    
Interest-bearing deposits 0 0    
Securities purchased under agreements to resell 0 0    
Federal funds sold 0 0    
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) 942 957    
HTM securities, fair value 91 95    
Advances 0 0    
Mortgage loans held for portfolio 0 0    
Interest Receivable 0 0    
Derivative Assets 0 0 [3]    
Other assets [4] 0 0    
Liabilities        
Deposits 0 0    
Total consolidated obligations 0 0    
Mandatorily redeemable capital stock 0 0    
Accrued interest payable 0 0    
Derivative Liabilities 0 0 [3]    
Discount notes | Carrying Value(1)        
Liabilities        
Discount notes 12,668 14,378    
Discount notes | Estimated Fair Value        
Liabilities        
Discount notes 12,667 14,376    
Discount notes | Level 1        
Liabilities        
Discount notes 0 0    
Discount notes | Level 2        
Liabilities        
Discount notes 12,667 14,376    
Discount notes | Level 3        
Liabilities        
Discount notes 0 0    
Bonds        
Liabilities        
Bonds 380 436    
Bonds | Carrying Value(1)        
Liabilities        
Bonds 56,079 58,174    
Bonds | Estimated Fair Value        
Liabilities        
Bonds 55,925 57,985    
Bonds | Level 1        
Liabilities        
Bonds 0 0    
Bonds | Level 2        
Liabilities        
Bonds 55,925 57,985    
Bonds | Level 3        
Liabilities        
Bonds $ 0 $ 0    
[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.
[2] Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral, including accrued interest, held or placed with the same clearing agents or counterparty. Cash collateral posted, including accrued interest, was $140 million and $210 million at March 31, 2025, and December 31, 2024, respectively. Cash collateral received, including accrued interest, was $435 million and $482 million at March 31, 2025, and December 31, 2024, respectively.
[3] Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents or counterparty.
[4] publicly traded mutual funds held in a grantor trust.