v3.26.1
Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Advances, net (Note 9) $ 1,175,843 $ 1,260,147 $ 2,211,671 $ 2,467,151
Interest-bearing deposits (Note 4) 34,281 36,819 64,245 71,877
Securities purchased under agreements to resell (Note 4) 82,792 53,822 195,808 105,099
Federal funds sold (Note 4) 154,909 219,048 272,783 437,963
Trading securities (Note 5) 84,606 66,647 151,110 124,966
Available-for-sale securities (Note 7) 131,887 129,253 263,420 251,125
Held-to-maturity securities (Note 8) 116,192 105,991 218,982 212,320
Mortgage loans held-for-portfolio (Note 10) 28,019 23,876 55,476 46,542
Loans to other FHLBanks (Note 20) 267 217 272 277
Total interest income 1,808,796 1,895,820 3,433,767 3,717,320
Interest expense        
Consolidated obligation bonds (Note 12) 634,382 1,024,439 1,221,542 1,913,605
Consolidated obligation discount notes (Note 12) 940,634 628,611 1,739,297 1,318,467
Deposits (Note 11) 20,343 27,652 41,657 54,816
Mandatorily redeemable capital stock (Note 14) 134 145 273 246
Cash collateral held and other borrowings 194 438 427 644
Securities sold under agreement to repurchase 0 12 0 12
Total interest expense 1,595,687 1,681,297 3,003,196 3,287,790
Net interest income before provision for credit losses 213,109 214,523 430,571 429,530
Provision (Reversal) for credit losses 415 (27) 592 140
Net interest income after provision for credit losses 212,694 214,550 429,979 429,390
Other income (loss)        
Service fees and other 6,454 5,394 12,758 11,020
Instruments held under the fair value option gains (losses) (Note 18) (3,799) (12,180) (2,665) (28,161)
Derivative gains (losses) (Note 17) 42,525 (8,317) 89,164 (37,985)
Securities gains (losses) (Note 5 & Note 8) (24,832) 29,138 (59,701) 89,691
Equity investments gains (losses) (Note 6) 8,434 5,352 6,784 5,517
Litigation settlement 0 0 751 0
Gains (losses) from extinguishment of debt (1) 0 (1) 0
Total other income (loss) 28,781 19,387 47,090 40,082
Other expenses        
Operating 23,990 21,541 47,729 43,134
Compensation and benefits 31,459 30,466 62,677 60,468
Voluntary Contributions (Note 13) 7,990 4,246 10,742 7,318
Finance Agency and Office of Finance 5,488 5,528 10,241 11,432
Other expenses 2,149 2,072 4,313 4,070
Total other expenses 71,076 63,853 135,702 126,422
Income before assessments 170,399 170,084 341,367 343,050
Affordable Housing Program Assessments (Note 13) 17,053 17,023 34,164 34,330
Net income $ 153,346 $ 153,061 $ 307,203 $ 308,720
Basic earnings per share (in dollars per share) $ 2.30 $ 2.51 $ 4.92 $ 5.17