We offer a wide range of fixed and variable-rate advance products with different maturities, interest rates, payment characteristics and options.

We have no allowance for credit losses on our advances and we have elected to exclude accrued interest receivable from the amortized cost in the following tables. See Note 8 - Allowance for Credit Losses for further details on these amounts.

The following table presents our advances by terms of contractual maturity and the related weighted average contractual interest rate. For amortizing advances, contractual maturity is determined based on the advance’s amortization schedule. Actual maturities may differ from contractual maturities because some borrowers have the right to call or prepay advances with or without penalties.


As of	June 30, 2025				December 31, 2024
	Par Value Amount		Weighted Average Contractual Interest Rate		Par Value Amount		Weighted Average Contractual Interest Rate
Due in one year or less	$	35,062	4.35	%	$	24,129	4.22	%
One to two years	7,207		3.51	%	10,864		3.90	%
Two to three years	5,346		3.80	%	5,602		3.94	%
Three to four years	3,736		3.28	%	3,907		3.29	%
Four to five years	3,477		3.42	%	3,521		3.74	%
Five to fifteen years	7,594		3.46	%	7,927		3.37	%
More than fifteen years	501		5.13	%	504		5.13	%
Total	$	62,923	3.99	%	$	56,454	3.92	%

The following table reconciles the par value of our advances to the carrying amount on our Condensed Statements of Condition as of the dates indicated.


As of	June 30, 2025		December 31, 2024
Par value	$	62,923	$	56,454
Fair value hedging adjustments	(162)		(550)
Other adjustments	(66)		(57)
Advances	$	62,695	$	55,847