v3.25.2
Consolidated Obligations (Notes)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Consolidated Obligations CONSOLIDATED OBLIGATIONS
Consolidated Obligation Bonds: Table 8.1 presents FHLBank’s participation in consolidated obligation bonds outstanding as of June 30, 2025 and December 31, 2024 (dollar amounts in thousands):

Table 8.1
 06/30/202512/31/2024
Year of Contractual MaturityAmountWeighted
Average
Interest
Rate		AmountWeighted
Average
Interest
Rate
Due in one year or less$45,585,085 4.19 %$37,517,835 4.35 %
Due after one year through two years8,754,870 3.40 7,828,625 3.14 
Due after two years through three years2,043,300 2.98 2,225,545 2.68 
Due after three years through four years1,491,300 3.45 1,634,440 2.97 
Due after four years through five years1,486,005 3.33 1,573,155 3.62 
Thereafter5,481,400 3.70 5,280,950 3.43 
Total par value64,841,960 3.97 %56,060,550 3.97 %
Premiums11,138  12,044 
Discounts(3,559) (3,054)
Concession fees(12,351)(12,085)
Hedging adjustments(104,705) (192,949)
TOTAL$64,732,483  $55,864,506 

FHLBank issues optional principal redemption bonds (callable bonds) that may be redeemed in whole or in part at the discretion of FHLBank on predetermined call dates in accordance with terms of bond offerings. FHLBank’s consolidated obligation bonds outstanding as of June 30, 2025 and December 31, 2024 includes callable bonds totaling $23,753,500,000 and $17,048,000,000, respectively. Table 8.2 summarizes FHLBank’s consolidated obligation bonds outstanding by year of maturity, or by the next call date for callable bonds as of June 30, 2025 and December 31, 2024 (in thousands):

Table 8.2
Year of Maturity or Next Call Date06/30/202512/31/2024
Due in one year or less$55,874,085 $47,888,835 
Due after one year through two years6,184,370 5,093,625 
Due after two years through three years1,435,800 1,342,545 
Due after three years through four years285,800 696,940 
Due after four years through five years321,005 378,155 
Thereafter740,900 660,450 
TOTAL PAR VALUE$64,841,960 $56,060,550 
Table 8.3 summarizes interest rate payment terms for consolidated obligation bonds as of June 30, 2025 and December 31, 2024 (in thousands):

Table 8.3
06/30/202512/31/2024
Fixed-rate$25,788,960 $21,107,550 
Simple variable-rate37,695,000 33,475,000 
Step1,358,000 1,478,000 
TOTAL PAR VALUE$64,841,960 $56,060,550 
Consolidated Discount Notes: Table 8.4 summarizes FHLBank’s participation in consolidated obligation discount notes, all of which are due within one year (dollar amounts in thousands):

Table 8.4
Carrying ValuePar Value
Weighted
Average
Interest
Rate1
June 30, 2025$9,530,052 $9,604,010 4.14 %
December 31, 2024$14,417,047 $14,518,446 4.40 %
                   
1    Represents yield to maturity excluding concession fees.