v3.25.1
Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest Income:    
Advances [1] $ 446,613 $ 514,856
Interest-bearing deposits 23,054 30,380
Securities purchased under agreements to resell 55,231 21,982
Federal funds sold 30,550 67,486
Trading securities 10,329 5,167
Available-for-sale securities [1] 181,762 220,367
Held-to-maturity securities 76,463 77,746
Mortgage loans held for portfolio 115,991 77,991
Total interest income 939,993 1,015,975
Interest Expense:    
Consolidated obligation discount notes 229,398 250,255
Consolidated obligation bonds [1] 569,869 621,413
Deposits 10,218 9,566
Mandatorily redeemable capital stock 4,663 5,342
Total interest expense 814,148 886,576
Net interest income 125,845 129,399
Provision for (reversal of) credit losses 27 (25)
Net interest income after provision for (reversal of) credit losses 125,818 129,424
Other Income:    
Net gains on sales of available-for-sale securities 2,704 0
Net gains (losses) on trading securities 6,921 (4,571)
Net gains (losses) on derivatives (10,203) 9,125
Other, net 541 4,804
Total other income (loss) (37) 9,358
Other Expenses:    
Compensation and benefits 17,299 16,541
Other operating expenses 8,465 8,285
Federal Housing Finance Agency 1,793 1,396
Office of Finance 2,150 1,524
Voluntary contributions to housing and community investment 11,187 3,692
Other, net 1,567 1,335
Total other expenses 42,461 32,773
Income before assessments 83,320 106,009
Affordable Housing Program assessments 8,798 11,135
Net income $ 74,522 $ 94,874
[1] For advances, AFS securities and CO bonds only.