| Summary of Advances Redemption Terms |
The following table presents our advances outstanding by redemption term.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Redemption Term | | Amount | | WAIR % | | Amount | | WAIR % | | Overdrawn demand and overnight deposit accounts | | $ | 4,871 | | | 6.71 | | | $ | — | | | — | | | Due in 1 year or less | | 15,654,922 | | | 4.20 | | | 15,054,808 | | | 4.17 | | | Due after 1 through 2 years | | 3,239,733 | | | 3.48 | | | 3,126,564 | | | 3.27 | | | Due after 2 through 3 years | | 7,287,532 | | | 4.10 | | | 4,874,797 | | | 4.08 | | | Due after 3 through 4 years | | 4,256,609 | | | 4.18 | | | 4,850,347 | | | 4.14 | | | Due after 4 through 5 years | | 5,002,120 | | | 3.81 | | | 4,633,376 | | | 4.05 | | | Thereafter | | 5,875,854 | | | 3.70 | | | 7,609,715 | | | 3.54 | | | Total advances, par value | | 41,321,641 | | | 4.00 | | | 40,149,607 | | | 3.95 | | | Unamortized discounts | | (4,878) | | | | | — | | | | | Fair-value hedging basis adjustments, net | | 25,574 | | | | | (318,967) | | | | | | | | | | | | | | | | | | | | | | | Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees | | 439 | | | | | 2,352 | | | | Total advances1 | | $ | 41,342,776 | | | | | $ | 39,832,992 | | | |
1 Carrying value equals amortized cost, which excludes accrued interest receivable at June 30, 2025 and December 31, 2024 of $63,659 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 | | June 30,
2025 | | December 31,
2024 | | June 30,
2025 | | December 31,
2024 | | Overdrawn demand and overnight deposit accounts | | $ | 4,871 | | | $ | — | | | $ | 4,871 | | | $ | — | | | Due in 1 year or less | | 20,443,264 | | | 19,508,990 | | | 20,384,672 | | | 19,665,958 | | | Due after 1 through 2 years | | 2,948,973 | | | 2,976,664 | | | 3,599,733 | | | 4,053,564 | | | Due after 2 through 3 years | | 5,791,582 | | | 3,702,587 | | | 7,198,632 | | | 5,134,897 | | | Due after 3 through 4 years | | 3,903,556 | | | 4,053,844 | | | 3,555,359 | | | 4,667,347 | | | Due after 4 through 5 years | | 4,259,710 | | | 4,192,926 | | | 3,781,620 | | | 3,262,126 | | | Thereafter | | 3,969,685 | | | 5,714,596 | | | 2,796,754 | | | 3,365,715 | | | Total advances, par value | | $ | 41,321,641 | | | $ | 40,149,607 | | | $ | 41,321,641 | | | $ | 40,149,607 | |
|