v3.25.2
Condensed Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Interest income $ 1,592 $ 1,758 $ 3,080 $ 3,533
Interest expense 1,355 1,522 2,607 3,050
Net interest income 237 236 473 483
Provision for (reversal of) credit losses 3 1 2 1
Net interest income after provision for (reversal of) credit losses 234 235 471 482
Noninterest income (loss) -        
Trading securities 13 3 37 5
Derivatives and hedging activities (2) 2 (20) 17
Instruments held under the fair value option 1 (1) 1 (6)
MPF fees 10 9 19 18
Other, net 0 4 4 7
Noninterest income (loss) 22 17 41 41
Noninterest expense -        
Compensation and benefits 33 32 66 64
Nonpayroll operating expenses 29 25 53 50
Voluntary Community Investment contributions 22 14 37 20
Federal Housing Finance Agency and Office of Finance 4 4 10 9
Other, net 1 1 3 2
Noninterest expense 89 76 169 145
Income before assessments 167 176 343 378
Affordable Housing Program assessment 16 18 34 38
Net income 151 158 309 340
MPF fees, from other FHLBs        
MPF fees $ 7 $ 7 $ 15 $ 14