v3.26.1
Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net Income/(Loss) $ 64 $ 94
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization/(accretion) 64 4
Provision for/(reversal of) credit losses 0 1
Change in net fair value adjustment on advances and consolidated obligation bonds held under the fair value option 26 (29)
Change in net derivatives and hedging activities 121 (327)
Net change in:    
Accrued interest receivable (5) 1
Other assets (5) 2
Accrued interest payable (66) (58)
Other liabilities 11 (20)
Total adjustments 146 (426)
Net cash provided by/(used in) operating activities 210 (332)
Cash Flows from Investing Activities:    
Interest-bearing deposits (373) 535
Securities purchased under agreements to resell 1,650 (1,400)
Federal funds sold 630 (3,040)
AFS securities:    
Proceeds from sales 100 0
Proceeds from maturities and paydowns 686 948
Purchases (780) (707)
HTM securities:    
Proceeds from maturities and paydowns 222 34
Advances:    
Repaid 228,013 108,427
Originated (227,651) (100,563)
Mortgage loans held for portfolio:    
Principal collected 10 13
Net cash provided by/(used in) investing activities 2,507 4,247
Cash Flows from Financing Activities:    
Net change in deposits and other financing activities 1,049 227
Net proceeds/(payments) on derivative contracts with financing elements 2 3
Net proceeds from issuance of consolidated obligations:    
Bonds 8,924 15,309
Discount notes 29,994 14,312
Payments for matured and retired consolidated obligations:    
Bonds (16,630) (17,508)
Discount notes (25,891) (16,004)
Proceeds from issuance of capital stock 864 375
Payments for repurchase/redemption of mandatorily redeemable capital stock (18) (178)
Payments for repurchase of capital stock (878) (390)
Cash dividends paid (128) (55)
Net cash provided by/(used in) financing activities (2,712) (3,909)
Net increase/(decrease) in cash and due from banks 5 6
Cash and due from banks at beginning of the period 16 2
Cash and due from banks at end of the period 21 8
Supplemental Disclosures:    
Interest paid $ 631 $ 829