v3.26.1
Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME    
Advances $ 530,708 $ 768,217
Prepayment fees on advances, net 2,924 376
Interest-bearing deposits 30,402 34,498
Securities purchased under agreements to resell 68,811 36,948
Federal funds sold 65,276 138,079
Trading securities 61,679 27,551
Available-for-sale securities 215,764 252,746
Held-to-maturity securities 12,147 7,898
Mortgage loans held for portfolio 76,761 64,814
Other 311 225
Total interest income 1,064,783 1,331,352
Consolidated obligations    
Bonds 557,767 934,377
Discount notes 315,092 180,870
Deposits 19,462 26,113
Mandatorily redeemable capital stock 1,270 124
Other borrowings 4 4
Total interest expense 893,595 1,141,488
NET INTEREST INCOME 171,188 189,864
Provision for credit losses 125 2,164
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 171,063 187,700
OTHER INCOME (LOSS)    
Net gains (losses) on trading securities (9,736) 12,524
Net gains (losses) on derivatives and hedging activities 5,066 (4,267)
Net losses on other assets carried at fair value (860) (651)
Letter of credit fees 5,898 5,946
Other, net 1,401 1,151
Total other income 1,769 14,703
OTHER EXPENSE    
Compensation and benefits 17,078 16,247
Other operating expenses 12,766 11,784
Finance Agency 1,950 2,856
Office of Finance 1,620 1,742
Voluntary grants, subsidies, donations and Affordable Housing Program contributions 3,693 2,134
Derivative clearing fees 165 266
Total other expense 37,272 35,029
INCOME BEFORE ASSESSMENTS 135,560 167,374
Affordable Housing Program assessment 13,683 16,750
NET INCOME $ 121,877 $ 150,624