v3.25.1
Affordable Housing Program
 3 Months Ended
Mar. 31, 2025
Affordable Housing Program [Abstract]  
Affordable Housing Program
Note 8 - Affordable Housing Program

In addition to the statutory AHP assessment, we may make voluntary contributions to the AHP or other housing and community investment programs. Voluntary contributions are reported within other expenses. Voluntary contributions recognized as expense reduce income before assessments which, in turn, reduces the statutory AHP assessment. As such, we have committed to make supplemental voluntary contributions to the AHP in an amount that restores the statutory AHP assessment amount to what it otherwise would have been.

The following table presents the activity in our Affordable Housing Program payable.

Three Months Ended March 31,
AHP Activity20252024
Liability at beginning of period$92,520 $68,301 
Assessments8,798 11,135 
Voluntary contributions to AHP30 — 
Supplemental voluntary contributions to AHP1,119 — 
Subsidy usage, net1
(4,700)(1,850)
Liability at end of period$97,767 $77,586 

1    Subsidies disbursed are reported net of returns/recaptures of previously disbursed subsidies.

The following table presents the activity in our voluntary contribution liability (non-AHP).

Three Months Ended March 31,
Other Voluntary Contribution Activity20252024
Liability at beginning of period$7,341 $1,188 
Voluntary contributions to housing and community investment10,038 3,692 
Voluntary grants and donations disbursed, net1
(6,420)(962)
Liability at end of period$10,959 $3,918 

1    Grants and donations disbursed are reported net of returns/recaptures of previously disbursed grants.