v3.25.2
Allowance for Credit Losses
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Allowance for Credit Losses [Text Block] Allowance for Credit Losses
See Note 2 - Summary of Significant Accounting Policies to the financial statements in our 2024 Form 10-K for further details regarding our accounting policies pertaining to allowances for credit losses.

Our allowances for credit losses are immaterial due to the nature of our credit enhancements, collateral support, and/or the credit worthiness of our counterparties. See Note 8 - Allowance for Credit Losses to the financial statements in our 2024 Form 10-K for more information.

Allowance for Credit Losses on MPF Loans

The following table presents the activity in our allowance for credit losses on MPF Loans.

Three months ended June 30,Six months ended June 30,
For the periods ending2025202420252024
Allowance for MPF credit losses beginning balance$3 $5 $5 $5 
MPF credit losses charged-off— (1)(1)(1)
Provision for (reversal of) MPF for credit losses1 1 — 1 
Allowance for MPF credit losses ending balance$4 $5 $4 $5 

Allowance for Credit Losses on Community First® Fund (the Fund)

As of June 30, 2025 we had $56 million in Fund loans outstanding and at December 31, 2024 we had $51 million in Fund loans outstanding, recorded in Other assets in our Condensed Statements of Condition.

As of June 30, 2025, all Fund loans were current.

The following table details our allowance for credit losses on Fund loans.

Three months ended June 30,Six months ended June 30,
For the periods ending2025202420252024
Allowance for Fund loan credit losses beginning balance$8 $7 $8 $7 
Provision for (reversal of) Fund loan for credit losses— 1 1 1 
Other1 — — — 
Allowance for Fund loan credit losses ending balance$9 $8 $9 $8 
The following tables summarize our conventional MPF Loans by our key credit quality indicators.

As ofJune 30, 2025December 31, 2024
Conventional MPF Amortized Cost by Origination YearConventional MPF Amortized Cost by Origination Year
2021 to 2025
Prior to 2021
Total
2020 to 2024
Prior to 2020
Total
Past due 30-59 days$32 $36 $68 $42 $37 $79 
Past due 60-89 days8 8 16 7 11 18 
Past due 90 days or more13 20 33 12 19 31 
Past due53 64 117 61 67 128 
Current8,734 4,101 12,835 10,210 2,137 12,347 
Total outstanding$8,787 $4,165 $12,952 $10,271 $2,204 $12,475 

As ofJune 30, 2025December 31, 2024
Amortized CostAmortized Cost
ConventionalGovernmentTotalConventionalGovernmentTotal
In process of foreclosure $19 $6 $25 $12 $4 $16 
Serious delinquency rate0.27 %1.67 %0.37 %0.27 %1.42 %0.34 %
Past due 90 days or more and still accruing interest$3 $15 $18 $5 $11 $16 
Loans on nonaccrual status39 — 39 33 — 33 
Loans on nonaccrual status with no allowance for credit losses25 — 25 18 — 18 

Accrued interest receivable

We present accrued interest receivable separately for loans and AFS/HTM debt securities. We do not measure an allowance for credit losses on loan related accrued interest receivables as we reverse accrued interest on a monthly basis when the loan is placed on nonaccrual status.

The following table summarizes our accrued interest receivable by portfolio segment.

Financial instrument typeJune 30, 2025December 31, 2024
MPF Loans held in portfolio$91 $85 
HTM securities10 13 
AFS securities107 101 
Interest-bearing deposits8 8 
Federal funds sold1 1 
Securities purchased under agreements to resell3 3 
Advances180 166 
Accrued interest receivable$400 $377