v3.25.1
Mortgage Loans Held for Portfolio (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Mortgage Loans Held for Portfolio by Term and Type
The following tables present information on our mortgage loans held for portfolio by term and type.
TermMarch 31, 2025December 31, 2024
Fixed-rate long-term mortgages$10,554,096 $9,958,543 
Fixed-rate medium-term1 mortgages
609,052 632,229 
Total mortgage loans held for portfolio, UPB11,163,148 10,590,772 
Unamortized premiums236,186 224,988 
Unamortized discounts(16,038)(13,583)
Hedging basis adjustments, net(4,543)(6,536)
Total mortgage loans held for portfolio11,378,753 10,795,641 
Allowance for credit losses(125)(125)
Total mortgage loans held for portfolio, net2
$11,378,628 $10,795,516 
1    Defined as a term of 15 years or less at origination.
2    Excludes accrued interest receivable at March 31, 2025 and December 31, 2024 of $66,235 and $60,721, respectively.
TypeMarch 31, 2025December 31, 2024
Conventional$10,877,554 $10,322,376 
Government-guaranteed or -insured285,594 268,396 
Total mortgage loans held for portfolio, UPB$11,163,148 $10,590,772 

Credit Quality Indicators for Conventional Mortgage Loans. Amounts past due 30 days or more on conventional mortgage loans at March 31, 2025 and December 31, 2024 totaled $79,796 and $73,424, respectively. Amounts are based on amortized cost, which excludes accrued interest receivable.