v3.26.1
Fair Value (Carrying Value and Fair Value of Financial Instruments) (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets        
Cash and due from banks $ 21 $ 16    
AFS securities 20,166 20,253    
HTM securities 681 903    
Interest Receivable 200 193    
Derivative assets, net 28 42    
Derivative Assets 462 512    
Derivative Asset, Netting adjustments [1] 434 470    
Liabilities        
Mandatorily redeemable capital stock 88 106 $ 153 $ 331
Accrued interest payable 224 292    
Derivative liabilities, net 21 3    
Derivative Liabilities 160 182    
Derivative Liability, Netting adjustments [1] (139) (179)    
Carrying Value(1)        
Assets        
Cash and due from banks 21 16    
Interest-bearing deposits 3,474 3,092    
Securities purchased under agreements to resell 3,000 4,650    
Federal funds sold 4,440 5,070    
AFS securities 20,166 20,253    
HTM securities 681 903    
Advances 37,792 38,227    
Mortgage loans held for portfolio 629 639    
Interest Receivable 200 193    
Derivative assets, net [2] 28 42    
Other assets [3] 19 20    
Liabilities        
Deposits 1,929 873    
Total consolidated obligations 60,745 64,328    
Mandatorily redeemable capital stock 88 106    
Accrued interest payable 224 292    
Derivative liabilities, net [2] 21 3    
Estimated Fair Value        
Assets        
Cash and due from banks 21 16    
Interest-bearing deposits 3,474 3,092    
Securities purchased under agreements to resell 3,000 4,650    
Federal funds sold 4,440 5,070    
AFS securities 20,166 20,253    
HTM securities 670 892    
Advances 37,817 38,271    
Mortgage loans held for portfolio 537 552    
Interest Receivable 200 193    
Derivative assets, net [2] 28 42    
Other assets [3] 19 20    
Liabilities        
Deposits 1,929 873    
Total consolidated obligations 60,643 64,235    
Mandatorily redeemable capital stock 88 106    
Accrued interest payable 224 292    
Derivative liabilities, net [2] 21 3    
Level 1        
Assets        
Cash and due from banks 21 16    
Interest-bearing deposits 3,474 3,092    
Securities purchased under agreements to resell 0 0    
Federal funds sold 0 0    
AFS securities 0 0    
HTM securities 0 0    
Advances 0 0    
Mortgage loans held for portfolio 0 0    
Interest Receivable 0 0    
Derivative Assets 0 0 [2]    
Other assets [3] 19 20    
Liabilities        
Deposits 0 0    
Total consolidated obligations 0 0    
Mandatorily redeemable capital stock 88 106    
Accrued interest payable 0 0    
Derivative Liabilities 0 0 [2]    
Level 2        
Assets        
Cash and due from banks 0 0    
Interest-bearing deposits 0 0    
Securities purchased under agreements to resell 3,000 4,650    
Federal funds sold 4,440 5,070    
AFS securities 19,316 19,372    
HTM securities 597 816    
Advances 37,817 38,271    
Mortgage loans held for portfolio 537 552    
Interest Receivable 200 193    
Derivative Assets [2] 462 512    
Derivative Asset, Netting adjustments [2] (434) (470)    
Other assets [3] 0 0    
Liabilities        
Deposits 1,929 873    
Total consolidated obligations 60,643 64,235    
Mandatorily redeemable capital stock 0 0    
Accrued interest payable 224 292    
Derivative Liabilities [2] 160 182    
Derivative Liability, Netting adjustments [2] (139) (179)    
Level 3        
Assets        
Cash and due from banks 0 0    
Interest-bearing deposits 0 0    
Securities purchased under agreements to resell 0 0    
Federal funds sold 0 0    
AFS securities 850 881    
HTM securities 73 76    
Advances 0 0    
Mortgage loans held for portfolio 0 0    
Interest Receivable 0 0    
Derivative Assets 0 0 [2]    
Other assets [3] 0 0    
Liabilities        
Deposits 0 0    
Total consolidated obligations 0 0    
Mandatorily redeemable capital stock 0 0    
Accrued interest payable 0 0    
Derivative Liabilities 0 0 [2]    
Discount notes | Carrying Value(1)        
Liabilities        
Discount notes 21,206 17,074    
Discount notes | Estimated Fair Value        
Liabilities        
Discount notes 21,202 17,073    
Discount notes | Level 1        
Liabilities        
Discount notes 0 0    
Discount notes | Level 2        
Liabilities        
Discount notes 21,202 17,073    
Discount notes | Level 3        
Liabilities        
Discount notes 0 0    
Bonds        
Liabilities        
Bonds 368 357    
Bonds | Carrying Value(1)        
Liabilities        
Bonds 39,539 47,254    
Bonds | Estimated Fair Value        
Liabilities        
Bonds 39,441 47,162    
Bonds | Level 1        
Liabilities        
Bonds 0 0    
Bonds | Level 2        
Liabilities        
Bonds 39,441 47,162    
Bonds | Level 3        
Liabilities        
Bonds $ 0 $ 0    
[1] Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral, including accrued interest, held or placed with the same clearing agents or counterparty. Cash collateral posted, including accrued interest, was $43 million and $53 million at March 31, 2026, and December 31, 2025, respectively. Cash collateral received, including accrued interest, was $338 million and $345 million at March 31, 2026, and December 31, 2025, respectively.
[2] Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents or counterparty.
[3] publicly traded mutual funds held in a grantor trust.