| Off Balance Sheet Commitments |
Table 13.1 presents off-balance sheet commitments at June 30, 2025 and December 31, 2024 (in thousands). No allowance for credit losses was recorded on these commitments at June 30, 2025 and December 31, 2024. Table 13.1 | | | | | | | | | | | | | | | | | | | | | | | 06/30/2025 | 12/31/2024 | | Notional Amount | Expire
Within
One Year | Expire
After
One Year | Total | Expire
Within
One Year | Expire
After
One Year | Total | | Standby letters of credit outstanding | $ | 6,505,851 | | $ | 36,479 | | $ | 6,542,330 | | $ | 7,531,038 | | $ | 11,772 | | $ | 7,542,810 | | | | | | | | | | Advance commitments outstanding | 3,069 | | 2,597 | | 5,666 | | 3,615 | | 5,115 | | 8,730 | | | Principal commitments for standby bond purchase agreements | 199,210 | | 873,680 | | 1,072,890 | | 193,815 | | 812,050 | | 1,005,865 | | Commitments to fund or purchase mortgage loans | 86,851 | | — | | 86,851 | | 34,524 | | — | | 34,524 | | Commitments to issue consolidated bonds, at par | 3,595,000 | | — | | 3,595,000 | | 250,000 | | — | | 250,000 | | Commitments to issue consolidated discount notes, at par | — | | — | | — | | 200,000 | | — | | 200,000 | |
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