v3.26.1
Statements of Condition - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks (Note 3) $ 54,446 $ 38,192
Interest-bearing deposits (Note 4) 3,730,000 2,960,000
Securities purchased under agreements to resell (Note 4) 9,920,000 15,950,000
Federal funds sold (Note 4) 18,036,000 11,550,000
Trading securities (Note 5) (Includes $843,961 pledged as collateral at June 30, 2026 and $845,578 at December 31, 2025) 10,433,522 7,387,187
Equity Investments (Note 6) 108,912 103,707
Available-for-sale securities, amortized cost of $12,763,624 at June 30, 2026 and $12,377,325 at December 31, 2025 (Note 7) 12,720,131 12,345,845
Held-to-maturity securities, net of allowance for credit losses of $86 at June 30, 2026 and $76 at December 31, 2025 (Note 8) (Includes $0 pledged as collateral at June 30, 2026 and December 31, 2025) 11,962,008 10,490,167
Advances (Note 9) (Includes $0 at June 30, 2026 and December 31, 2025 at fair value under the fair value option) 127,295,633 92,306,684
Mortgage loans held-for-portfolio, net of allowance for credit losses of $4,273 at June 30, 2026 and $3,691 at December 31, 2025 (Note 10) 2,761,344 2,644,449
Accrued interest receivable 627,719 523,973
Premises, software, and equipment 78,650 84,524
Operating lease right-of-use assets (Note 19) 41,581 44,289
Finance lease right-of-use asset (Note 19) 1,296 1,532
Derivative assets (Note 17) 91,872 99,548
Other assets 10,845 14,896
Total assets 197,873,959 156,544,993
Deposits (Note 11)    
Interest-bearing demand 2,708,762 3,071,958
Non-interest-bearing demand 17,331 18,003
Total deposits 2,726,093 3,089,961
Consolidated obligations, net (Note 12)    
Bonds (Includes $222,840 at June 30, 2026 and $556,866 at December 31, 2025 at fair value under the fair value option) 87,695,408 68,466,741
Discount notes (Includes $5,358,639 at June 30, 2026 and $577,958 at December 31, 2025 at fair value under the fair value option) 96,790,101 76,019,517
Total consolidated obligations 184,485,509 144,486,258
Mandatorily redeemable capital stock (Note 14) 7,204 7,585
Accrued interest payable 456,724 470,265
Affordable Housing Program (Note 13) 251,791 247,824
Derivative liabilities (Note 17) 7,221 4,097
Other liabilities 152,719 167,633
Operating lease liabilities (Note 19) 51,513 54,696
Finance lease liabilities (Note 19) 1,339 1,571
Total liabilities 188,140,113 148,529,890
Commitments and Contingencies (Notes 14, 17 and 19)
Capital (Note 14)    
Capital stock issued 7,043,542 5,411,075
Unrestricted 1,320,418 1,286,417
Restricted 1,390,169 1,328,728
Total retained earnings 2,710,587 2,615,145
Total accumulated other comprehensive income (loss) (20,283) (11,117)
Total capital 9,733,846 8,015,103
Total liabilities and capital $ 197,873,959 $ 156,544,993