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Capital and Mandatorily Redeemable Capital Stock (MRCS)
 6 Months Ended
Jun. 30, 2025
Federal Home Loan Banks [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] Capital and Mandatorily Redeemable Capital Stock (MRCS)
Under our Capital Plan our stock consists of two sub-classes of stock, Class B1 activity stock and Class B2 membership stock (together, Class B stock), both with a par value of $100 and redeemable on five years' written notice, subject to certain conditions. Under the Capital Plan, each member is required to own capital stock in an amount equal to the greater of a membership stock requirement or an activity stock requirement. All stock that supports a member’s activity stock requirement with the Bank is classified as Class B1 activity stock. Any additional amount of stock necessary for the total amount of Class B stock held to equal a member’s minimum investment amount will be classified as Class B2 membership stock. Members purchase Class B2 membership stock to satisfy their membership stock requirement with the Bank. Stock held in excess of a member’s minimum investment requirement is classified as Class B2 excess capital stock. See Note 12 - Capital and Mandatorily Redeemable Capital Stock (MRCS) to the financial statements in our 2024 Form 10-K for further information on our capital stock and MRCS.

Minimum Capital Requirements

For details on our minimum capital requirements, including how the ratios below were calculated, see Minimum Capital Requirements in Note 12 - Capital and Mandatorily Redeemable Capital Stock (MRCS) to the financial statements in our 2024 Form 10-K. We complied with our minimum regulatory capital requirements as shown below.

As ofJune 30, 2025December 31, 2024
RequirementActualRequirementActual
Total regulatory capital$5,813 $9,165 $5,164 $8,582 
Total regulatory capital ratio4.00 %6.31 %4.00 %6.65 %
Leverage capital$7,266 $13,747 $6,456 $12,873 
Leverage capital ratio5.00 %9.46 %5.00 %9.97 %
Risk-based capital $1,980 $9,165 $1,845 $8,582 

Total regulatory capital and leverage capital includes MRCS but does not include AOCI. Under the FHFA regulation on capital classifications and critical capital levels for the FHLBs, we are adequately capitalized.

Additionally, an FHFA Advisory Bulletin sets forth guidance for each FHLB to maintain a ratio of at least two percent of capital stock to total assets. In accordance with this guidance, the FHFA considers the proportion of capital stock to assets, measured on a daily average basis at month end, when assessing each FHLB’s capital management practices.

Capital Concentration

There were no member(s) (including any successor) that had regulatory capital stock exceeding 10% of our total regulatory capital stock outstanding (which includes MRCS) as of June 30, 2025.
Repurchase of Excess Capital Stock

Members may request repurchases of excess stock on any business day. Additionally, on a monthly basis, the Bank repurchases excess capital stock held by each member or former member that exceeds certain limits set by the Bank. All repurchases of excess capital stock, including any future monthly repurchases, will continue until otherwise announced, but remain subject to our regulatory requirements, certain financial and capital thresholds, and prudent business practices.

Dividends

Our ability to pay dividends is subject to the FHLB Act and FHFA regulations. On July 31, 2025 our Board of Directors declared a 9.25% dividend (annualized) for Class B1 activity stock and a 4.35% dividend (annualized) for Class B2 membership stock based on our preliminary financial results for the second quarter of 2025. This dividend totaled $78 million (recorded as dividends on capital stock) and is scheduled for payment on August 15, 2025. Any future dividend payment remains subject to declaration by the Board and will depend on future operating results, our Retained Earnings and Dividend Policy and any other factors the Board determines to be relevant.