v3.25.2
Estimated Fair Values - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Assets:            
Cash and due from banks $ 57,799   $ 70,849      
Trading securities 1,097,184   1,087,930      
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 14,607,670   14,349,889      
Amortized Cost - HTM [1] 5,998,916   5,839,377      
Estimated Fair Value - HTM 5,949,921   5,796,792      
Accrued interest receivable 217,194   207,387      
Derivative assets, net 445,192   478,067      
Netting adjustments and cash collateral, derivative asset [2],[3] 4,923   (201,614)      
Consolidated obligations:            
Loans from other FHLBanks 700,000   0      
Accrued interest payable 381,018   360,905      
Derivative liabilities, net 7,746   9,302      
Netting adjustments and cash collateral, derivative liability [2],[3] (751,386)   (1,012,234)      
MRCS 291,617 $ 266,359 363,004 $ 363,118 $ 367,444 $ 369,041
Level 1            
Assets:            
Cash and due from banks 57,799   70,849      
Interest-bearing deposits 1,266,807   856,839      
Securities purchased under agreements to resell 0   0      
Federal funds sold 0   0      
Trading securities 0   0      
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0   0      
Estimated Fair Value - HTM 0   0      
Advances 0   0      
Mortgage loans held for portfolio, net 0   0      
Accrued interest receivable 0   0      
Derivative assets, net 0   0      
Grantor trust assets [4] 74,045   69,699      
Liabilities:            
Deposits 0   0      
Consolidated obligations:            
Loans from other FHLBanks 0          
Accrued interest payable 0   0      
Derivative liabilities, net 0   0      
MRCS 291,617   363,004      
Level 2            
Assets:            
Cash and due from banks 0   0      
Interest-bearing deposits 44   43      
Securities purchased under agreements to resell 9,700,000   7,500,000      
Federal funds sold 4,144,000   3,395,000      
Trading securities 1,097,184   1,087,930      
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 14,607,670   14,349,889      
Estimated Fair Value - HTM 5,949,921   5,796,792      
Advances 41,207,995   39,717,708      
Mortgage loans held for portfolio, net 11,429,162   9,972,488      
Accrued interest receivable 217,194   207,387      
Derivative assets, net 440,269   679,681      
Grantor trust assets [4] 0   0      
Liabilities:            
Deposits 769,614   913,112      
Consolidated obligations:            
Loans from other FHLBanks 700,000          
Accrued interest payable 381,018   360,905      
Derivative liabilities, net 759,132   1,021,536      
MRCS 0   0      
Level 3            
Assets:            
Cash and due from banks 0   0      
Interest-bearing deposits 0   0      
Securities purchased under agreements to resell 0   0      
Federal funds sold 0   0      
Trading securities 0   0      
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0   0      
Estimated Fair Value - HTM 0   0      
Advances 0   0      
Mortgage loans held for portfolio, net 5,744   5,514      
Accrued interest receivable 0   0      
Derivative assets, net 0   0      
Grantor trust assets [4] 0   0      
Liabilities:            
Deposits 0   0      
Consolidated obligations:            
Loans from other FHLBanks 0          
Accrued interest payable 0   0      
Derivative liabilities, net 0   0      
MRCS 0   0      
Carrying value            
Assets:            
Cash and due from banks 57,799   70,849      
Interest-bearing deposits 1,266,851   856,882      
Securities purchased under agreements to resell 9,700,000   7,500,000      
Federal funds sold 4,144,000   3,395,000      
Trading securities 1,097,184   1,087,930      
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 14,607,670   14,349,889      
Amortized Cost - HTM 5,998,916   5,839,377      
Advances 41,342,776   39,832,992      
Mortgage loans held for portfolio, net 12,017,966   10,795,516      
Accrued interest receivable 217,194   207,387      
Derivative assets, net 445,192   478,067      
Grantor trust assets [4] 74,045   69,699      
Liabilities:            
Deposits 769,614   913,112      
Consolidated obligations:            
Loans from other FHLBanks 700,000          
Accrued interest payable 381,018   360,905      
Derivative liabilities, net 7,746   9,302      
MRCS 291,617   363,004      
Fair Value            
Assets:            
Cash and due from banks 57,799   70,849      
Interest-bearing deposits 1,266,851   856,882      
Securities purchased under agreements to resell 9,700,000   7,500,000      
Federal funds sold 4,144,000   3,395,000      
Trading securities 1,097,184   1,087,930      
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 14,607,670   14,349,889      
Estimated Fair Value - HTM 5,949,921   5,796,792      
Advances 41,207,995   39,717,708      
Mortgage loans held for portfolio, net 11,434,906   9,978,002      
Accrued interest receivable 217,194   207,387      
Derivative assets, net 445,192   478,067      
Grantor trust assets [4] 74,045   69,699      
Liabilities:            
Deposits 769,614   913,112      
Consolidated obligations:            
Loans from other FHLBanks 700,000          
Accrued interest payable 381,018   360,905      
Derivative liabilities, net 7,746   9,302      
MRCS 291,617   363,004      
Discount notes | Level 1            
Consolidated obligations:            
Discount notes 0   0      
Discount notes | Level 2            
Consolidated obligations:            
Discount notes 30,215,177   25,186,108      
Discount notes | Level 3            
Consolidated obligations:            
Discount notes 0   0      
Discount notes | Carrying value            
Consolidated obligations:            
Discount notes 30,216,114   25,182,336      
Discount notes | Fair Value            
Consolidated obligations:            
Discount notes 30,215,177   25,186,108      
Consolidated obligations: | Level 1            
Consolidated obligations:            
Bonds 0   0      
Consolidated obligations: | Level 2            
Consolidated obligations:            
Bonds 53,118,565   52,173,444      
Consolidated obligations: | Level 3            
Consolidated obligations:            
Bonds 0   0      
Consolidated obligations: | Carrying value            
Consolidated obligations:            
Bonds 53,683,325   52,903,029      
Consolidated obligations: | Fair Value            
Consolidated obligations:            
Bonds $ 53,118,565   $ 52,173,444      
[1] Carrying value equals amortized cost, which includes net unamortized premium at June 30, 2025 and December 31, 2024 of $13,010 and $15,905, respectively. Excludes accrued interest receivable at June 30, 2025 and December 31, 2024 of $9,854 and $10,508, respectively.
[2] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed with the same clearing agent and/or counterparty.
[3] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed, with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2025 and December 31, 2024, including accrued interest, totaled $895,882 and $1,030,169, respectively. Cash collateral received from counterparties and held at June 30, 2025 and December 31, 2024, including accrued interest, totaled $139,572 and $219,550, respectively.
[4] Included in other assets on the statement of condition.