| Summary of Advances Redemption Terms |
The following table presents our advances outstanding by redemption term.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | Redemption Term | | Amount | | WAIR % | | Amount | | WAIR % | | | | | | | | | | | Due in 1 year or less | | $ | 14,013,785 | | | 4.08 | | | $ | 15,054,808 | | | 4.17 | | | Due after 1 through 2 years | | 2,744,146 | | | 3.48 | | | 3,126,564 | | | 3.27 | | | Due after 2 through 3 years | | 5,458,313 | | | 4.06 | | | 4,874,797 | | | 4.08 | | | Due after 3 through 4 years | | 5,060,316 | | | 4.09 | | | 4,850,347 | | | 4.14 | | | Due after 4 through 5 years | | 4,515,518 | | | 4.06 | | | 4,633,376 | | | 4.05 | | | Thereafter | | 6,801,937 | | | 3.58 | | | 7,609,715 | | | 3.54 | | | Total advances, par value | | 38,594,015 | | | 3.95 | | | 40,149,607 | | | 3.95 | | | Unamortized discounts | | (1,427) | | | | | — | | | | | Fair-value hedging basis adjustments, net | | (107,717) | | | | | (318,967) | | | | | | | | | | | | | | | | | | | | | | | Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees | | 1,826 | | | | | 2,352 | | | | Total advances1 | | $ | 38,486,697 | | | | | $ | 39,832,992 | | | |
1 Carrying value equals amortized cost, which excludes accrued interest receivable at March 31, 2025 and December 31, 2024 of $64,652 and $63,554, respectively.
The following table presents our advances outstanding by the earlier of the redemption date or the next call date and next put date.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Earlier of Redemption
or Next Call Date | | Earlier of Redemption
or Next Put Date | | Term | | March 31,
2025 | | December 31,
2024 | | March 31,
2025 | | December 31,
2024 | | | | | | | | | | | Due in 1 year or less | | $ | 18,506,718 | | | $ | 19,508,990 | | | $ | 18,366,035 | | | $ | 19,665,958 | | | Due after 1 through 2 years | | 2,797,656 | | | 2,976,664 | | | 3,471,146 | | | 4,053,564 | | | Due after 2 through 3 years | | 4,281,503 | | | 3,702,587 | | | 5,616,413 | | | 5,134,897 | | | Due after 3 through 4 years | | 4,374,213 | | | 4,053,844 | | | 4,411,316 | | | 4,667,347 | | | Due after 4 through 5 years | | 3,747,858 | | | 4,192,926 | | | 3,406,268 | | | 3,262,126 | | | Thereafter | | 4,886,067 | | | 5,714,596 | | | 3,322,837 | | | 3,365,715 | | | Total advances, par value | | $ | 38,594,015 | | | $ | 40,149,607 | | | $ | 38,594,015 | | | $ | 40,149,607 | |
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