| Discount Notes |
The following table presents our discount notes outstanding, all of which are due within one year of issuance. | | | | | | | | | | | | | | | | Discount Notes | | June 30, 2025 | | December 31, 2024 | | Par value | | $ | 30,324,340 | | | $ | 25,293,510 | | | Unamortized discounts | | (107,918) | | | (110,905) | | | Unamortized concessions | | (308) | | | (269) | | | Book value | | $ | 30,216,114 | | | $ | 25,182,336 | | | | | | | | Weighted average effective interest rate | | 4.25 | % | | 4.40 | % |
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| 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 Type | | June 30, 2025 | | December 31, 2024 | | Fixed-rate | | $ | 31,224,475 | | | $ | 35,342,355 | | | Simple variable-rate | | 22,321,000 | | | 17,319,500 | | | Step-up | | 773,500 | | | 1,198,500 | | | | | | | | | | | | | | | | | | Total CO bonds, par value | | $ | 54,318,975 | | | $ | 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 Feature | | June 30, 2025 | | December 31, 2024 | | Non-callable / non-putable | | $ | 28,218,475 | | | $ | 27,334,855 | | | Callable | | 26,100,500 | | | 26,525,500 | | | Total CO bonds, par value | | $ | 54,318,975 | | | $ | 53,860,355 | |
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| CO Bonds by Year of Contractual Maturity (or Next Call Date) |
The following table presents our CO bonds outstanding by contractual maturity.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Year of Contractual Maturity | | Amount | | WAIR% | | Amount | | WAIR% | | Due in 1 year or less | | $ | 22,661,860 | | | 3.79 | | | $ | 21,862,970 | | | 3.65 | | | Due after 1 through 2 years | | 14,687,100 | | | 3.42 | | | 15,037,435 | | | 2.96 | | | Due after 2 through 3 years | | 2,635,420 | | | 3.21 | | | 3,015,800 | | | 2.50 | | | Due after 3 through 4 years | | 2,353,830 | | | 3.63 | | | 2,317,520 | | | 3.00 | | | Due after 4 through 5 years | | 2,429,890 | | | 4.08 | | | 3,117,630 | | | 4.46 | | | Thereafter | | 9,550,875 | | | 3.60 | | | 8,509,000 | | | 3.38 | | | Total CO bonds, par value | | 54,318,975 | | | 3.63 | | | 53,860,355 | | | 3.37 | | | Unamortized premiums | | 22,262 | | | | | 24,889 | | | | | Unamortized discounts | | (6,997) | | | | | (7,992) | | | | | Unamortized concessions | | (15,104) | | | | | (12,890) | | | | | Fair-value hedging basis adjustments, net | | (635,811) | | | | | (961,333) | | | | | Total CO bonds, carrying value | | $ | 53,683,325 | | | | | $ | 52,903,029 | | | |
| | | | | | | | | | | | | | | | Year of Contractual Maturity or Next Call Date | | June 30, 2025 | | December 31, 2024 | | Due in 1 year or less | | $ | 41,175,360 | | | $ | 42,042,970 | | | Due after 1 through 2 years | | 10,441,100 | | | 9,330,935 | | | Due after 2 through 3 years | | 993,420 | | | 726,300 | | | Due after 3 through 4 years | | 953,330 | | | 1,061,020 | | | Due after 4 through 5 years | | 271,890 | | | 212,130 | | | Thereafter | | 483,875 | | | 487,000 | | | Total CO bonds, par value | | $ | 54,318,975 | | | $ | 53,860,355 | |
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