v3.25.2
Estimated Fair Values - Recurring and Non-Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
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
Derivative assets, net 445,192 478,067
Netting adjustments and cash collateral, derivative asset [1],[2] 4,923 (201,614)
Liabilities:    
Derivative liabilities, net 7,746 9,302
Netting adjustments and cash collateral, derivative liability [1],[2] (751,386) (1,012,234)
Fair Value, Measurements, Recurring    
Assets:    
Netting adjustments and cash collateral, derivative asset [3] 4,923 (201,614)
Liabilities:    
Netting adjustments and cash collateral, derivative liability [3] (751,386) (1,012,234)
Fair Value, Measurements, Recurring | Interest-rate related    
Assets:    
Netting adjustments and cash collateral, derivative asset [3] 4,923 (201,614)
Liabilities:    
Netting adjustments and cash collateral, derivative liability [3] (751,386) (1,012,234)
Level 1    
Assets:    
Trading securities 0 0
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
Derivative assets, net 0 0
Grantor trust assets [4] 74,045 69,699
Liabilities:    
Derivative liabilities, net 0 0
Level 1 | Fair Value, Measurements, Recurring    
Assets:    
Trading securities 0 0
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
Derivative assets, net 0 0
Grantor trust assets 74,045 69,699
Total assets at estimated fair value 74,045 69,699
Liabilities:    
Derivative liabilities, net 0 0
Total liabilities at recurring estimated fair value 0 0
Level 1 | Fair Value, Measurements, Recurring | Interest-rate related    
Assets:    
Derivative assets, net 0 0
Liabilities:    
Derivative liabilities, net 0 0
Level 2    
Assets:    
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
Derivative assets, net 440,269 679,681
Grantor trust assets [4] 0 0
Liabilities:    
Derivative liabilities, net 759,132 1,021,536
Level 2 | Fair Value, Measurements, Recurring    
Assets:    
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
Derivative assets, net 440,269 679,681
Grantor trust assets 0 0
Total assets at estimated fair value 16,145,123 16,117,500
Liabilities:    
Derivative liabilities, net 759,132 1,021,536
Total liabilities at recurring estimated fair value 759,132 1,021,536
Level 2 | Fair Value, Measurements, Recurring | Interest-rate related    
Assets:    
Derivative assets, net 439,766 679,640
Liabilities:    
Derivative liabilities, net 759,130 1,021,165
Level 3    
Assets:    
Trading securities 0 0
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
Derivative assets, net 0 0
Grantor trust assets [4] 0 0
Liabilities:    
Derivative liabilities, net 0 0
Level 3 | Fair Value, Measurements, Recurring    
Assets:    
Trading securities 0 0
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
Derivative assets, net 0 0
Grantor trust assets 0 0
Total assets at estimated fair value 0 0
Liabilities:    
Derivative liabilities, net 0 0
Total liabilities at recurring estimated fair value 0 0
Level 3 | Fair Value, Measurements, Recurring | Interest-rate related    
Assets:    
Derivative assets, net 0 0
Liabilities:    
Derivative liabilities, net 0 0
U.S. Treasury obligations    
Assets:    
Trading securities 1,097,184 1,087,930
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 5,866,647 5,695,205
U.S. Treasury obligations | Level 1 | Fair Value, Measurements, Recurring    
Assets:    
Trading securities 0 0
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
U.S. Treasury obligations | Level 2 | Fair Value, Measurements, Recurring    
Assets:    
Trading securities 1,097,184 1,087,930
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 5,866,647 5,695,205
U.S. Treasury obligations | Level 3 | Fair Value, Measurements, Recurring    
Assets:    
Trading securities 0 0
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
GSE and TVA debentures    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 1,508,972 1,582,646
GSE and TVA debentures | Level 1 | Fair Value, Measurements, Recurring    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
GSE and TVA debentures | Level 2 | Fair Value, Measurements, Recurring    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 1,508,972 1,582,646
GSE and TVA debentures | Level 3 | Fair Value, Measurements, Recurring    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
GSE multifamily MBS | Multifamily    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 7,232,051 7,072,038
GSE multifamily MBS | Level 1 | Fair Value, Measurements, Recurring | Multifamily    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
GSE multifamily MBS | Level 2 | Fair Value, Measurements, Recurring | Multifamily    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 7,232,051 7,072,038
GSE multifamily MBS | Level 3 | Fair Value, Measurements, Recurring | Multifamily    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 0 0
MDCs | Fair Value, Measurements, Recurring | Interest-rate forwards    
Assets:    
Netting adjustments and cash collateral, derivative asset [3] 0 0
Liabilities:    
Derivative liabilities, net [3] 0 0
MDCs | Level 1 | Fair Value, Measurements, Recurring | Interest-rate forwards    
Assets:    
Derivative assets, net 0 0
Liabilities:    
Derivative liabilities, net 0 0
MDCs | Level 2 | Fair Value, Measurements, Recurring | Interest-rate forwards    
Assets:    
Derivative assets, net 503 41
Liabilities:    
Derivative liabilities, net 2 371
MDCs | Level 3 | Fair Value, Measurements, Recurring | Interest-rate forwards    
Assets:    
Derivative assets, net 0 0
Liabilities:    
Derivative liabilities, net 0 0
Total    
Assets:    
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
Derivative assets, net 445,192 478,067
Grantor trust assets [4] 74,045 69,699
Liabilities:    
Derivative liabilities, net 7,746 9,302
Total | Fair Value, Measurements, Recurring    
Assets:    
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
Derivative assets, net 445,192 478,067
Grantor trust assets 74,045 69,699
Total assets at estimated fair value 16,224,091 15,985,585
Liabilities:    
Derivative liabilities, net 7,746 9,302
Total liabilities at recurring estimated fair value 7,746 9,302
Total | Fair Value, Measurements, Recurring | Interest-rate related    
Assets:    
Derivative assets, net 444,689 478,026
Liabilities:    
Derivative liabilities, net 7,744 8,931
Total | U.S. Treasury obligations | Fair Value, Measurements, Recurring    
Assets:    
Trading securities 1,097,184 1,087,930
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 5,866,647 5,695,205
Total | GSE and TVA debentures | Fair Value, Measurements, Recurring    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 1,508,972 1,582,646
Total | GSE multifamily MBS | Fair Value, Measurements, Recurring | Multifamily    
Assets:    
Available-for-sale securities (amortized cost of $14,635,395 and $14,338,221) (Note 3) 7,232,051 7,072,038
Total | MDCs | Fair Value, Measurements, Recurring | Interest-rate forwards    
Assets:    
Derivative assets, net 503 41
Liabilities:    
Derivative liabilities, net $ 2 $ 371
[1] 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.
[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. 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.
[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
[4] Included in other assets on the statement of condition.