v3.25.1
Consolidated Obligations (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Discount Notes The following table presents our discount notes outstanding, all of which are due within one year of issuance.
Discount NotesMarch 31, 2025December 31, 2024
Par value$22,424,721 $25,293,510 
Unamortized discounts(86,065)(110,905)
Unamortized concessions(213)(269)
Book value$22,338,443 $25,182,336 
Weighted average effective interest rate4.25 %4.40 %
CO Bonds by Interest-Rate Payment Type and Redemption Feature The following table presents the par value of our CO bonds outstanding by interest-rate payment type.
Interest-Rate Payment TypeMarch 31, 2025December 31, 2024
Fixed-rate$32,680,025 $35,342,355 
Simple variable-rate19,494,500 17,319,500 
Step-up848,500 1,198,500 
Total CO bonds, par value$53,023,025 $53,860,355 
The following tables present the par value of our CO bonds outstanding by redemption feature and the earlier of the year of contractual maturity or next call date.

Redemption FeatureMarch 31, 2025December 31, 2024
Non-callable / non-putable$26,858,525 $27,334,855 
Callable26,164,500 26,525,500 
Total CO bonds, par value$53,023,025 $53,860,355 
CO Bonds by Year of Contractual Maturity (or Next Call Date)
The following table presents our CO bonds outstanding by contractual maturity.

March 31, 2025December 31, 2024
Year of Contractual MaturityAmountWAIR%AmountWAIR%
Due in 1 year or less$22,153,010 3.64 $21,862,970 3.65 
Due after 1 through 2 years14,566,595 3.28 15,037,435 2.96 
Due after 2 through 3 years2,318,000 2.90 3,015,800 2.50 
Due after 3 through 4 years2,195,770 3.47 2,317,520 3.00 
Due after 4 through 5 years2,845,400 4.25 3,117,630 4.46 
Thereafter8,944,250 3.48 8,509,000 3.38 
Total CO bonds, par value53,023,025 3.51 53,860,355 3.37 
Unamortized premiums23,122 24,889 
Unamortized discounts(7,454)(7,992)
Unamortized concessions(13,776)(12,890)
Fair-value hedging basis adjustments, net(758,251)(961,333)
Total CO bonds, carrying value$52,266,666 $52,903,029 
Year of Contractual Maturity or Next Call DateMarch 31, 2025December 31, 2024
Due in 1 year or less$40,748,510 $42,042,970 
Due after 1 through 2 years9,404,095 9,330,935 
Due after 2 through 3 years1,061,500 726,300 
Due after 3 through 4 years974,270 1,061,020 
Due after 4 through 5 years347,400 212,130 
Thereafter487,250 487,000 
Total CO bonds, par value$53,023,025 $53,860,355