v3.25.2
Affordable Housing Program
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
AHP Activity2025202420252024
Liability at beginning of period$97,767 $77,586 $92,520 $68,301 
Assessments10,431 10,488 19,229 21,623 
Voluntary contributions to AHP— 3,444 30 3,444 
Supplemental voluntary contributions to AHP540 — 1,658 — 
Subsidy usage, net1
(19,918)(17,727)(24,617)(19,577)
Liability at end of period$88,820 $73,791 $88,820 $73,791 

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 June 30,Six Months Ended June 30,
Other Voluntary Contribution Activity2025202420252024
Liability at beginning of period$10,959 $3,918 $7,341 $1,188 
Voluntary contributions to housing and community investment4,857 306 14,897 3,998 
Voluntary grants and donations disbursed, net1
(10,088)(360)(16,510)(1,322)
Liability at end of period$5,728 $3,864 $5,728 $3,864 

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