Segment Information and Concentration (Tables)

6 Months Ended

Jun. 30, 2026

Risks and Uncertainties [Abstract]

Schedules of Concentration of Risk

The top ten advance holders and associated interest income for the periods then ended are summarized as follows (dollars in

thousands):


		June 30, 2026
										Three Months				Six Months
		City		State		Par Advances		Percentage of Total Par Value of Advances		Interest Income		Percentage (a)		Interest Income		Percentage (a)
Citibank, N.A.		New York		NY		$29,000,000		22.71	%	$165,771		19.83	%	$261,932		17.12	%
MetLife, Inc.:
Metropolitan Life Insurance Company		New York		NY		12,835,000		10.05		108,232		12.95		214,610		14.03
Metropolitan Tower Life Insurance Company		Whippany		NJ		1,380,000		1.08		12,513		1.50		25,028		1.64
Subtotal MetLife, Inc.						14,215,000		11.13		120,745		14.45		239,638		15.67
Teachers Ins. and Annuity Assoc of America		New York		NY		12,866,800		10.08		128,343		15.35		240,772		15.74
Flagstar Bank, N.A.		Hicksville		NY		8,500,000		6.66		78,742		9.42		168,626		11.02
Equitable Financial Life Insurance Co.		New York		NY		6,865,063		5.38		64,873		7.76		127,972		8.37
Goldman Sachs Bank USA		New York		NY		5,500,000		4.31		54,047		6.46		108,233		7.08
New York Life Insurance Company		New York		NY		4,788,000		3.75		49,683		5.94		96,553		6.31
Morgan Stanley Private Bank, NA		Purchase		NY		4,600,000		3.60		62,508		7.48		89,014		5.82
Manufacturers and Traders Trust Company		Buffalo		NY		4,550,132		3.56		73,059		8.74		125,607		8.21
Guardian Life Insurance Co. of America		New York		NY		4,049,717		3.17		38,242		4.57		71,418		4.67
Total						$94,934,712		74.35	%	$836,013		100.00	%	$1,529,764		100.00	%

(a)Interest income percentage is the member’s interest income from advances as a percentage of the top 10 members.


		December 31, 2025
										Twelve Months
		City		State		Par Advances		Percentage of Total Par Value of Advances		Interest Income		Percentage (a)
MetLife, Inc.:
Metropolitan Life Insurance Company		New York		NY		$12,835,000		13.88	%	$472,618		15.72	%
Metropolitan Tower Life Insurance Company		Whippany		NJ		1,380,000		1.49		53,636		1.78
Subtotal MetLife, Inc.						14,215,000		15.37		526,254		17.50
Flagstar Bank, N.A.		Hicksville		NY		9,750,000		10.54		525,013		17.47
Citibank, N.A.		New York		NY		9,000,000		9.73		627,210		20.86
Teachers Ins. & Annuity Assoc of America		New York		NY		7,228,900		7.82		330,216		10.98
Equitable Financial Life Insurance Co.		New York		NY		6,865,063		7.42		283,217		9.42
Goldman Sachs Bank USA		New York		NY		5,500,000		5.95		225,157		7.49
New York Life Insurance Company		New York		NY		4,588,000		4.96		166,103		5.53
Guardian Life Insurance Co. of America		New York		NY		3,212,279		3.47		128,077		4.26
Prudential Insurance Company of America		Newark		NJ		2,619,250		2.83		83,396		2.77
Valley National Bank		Morristown		NJ		2,463,604		2.66		111,650		3.71
Total						$65,442,096		70.75	%	$3,006,293		100.00	%

(a)Interest income percentage is the member’s interest income from advances as a percentage of the top 10 members.


		June 30, 2025
										Three Months				Six Months
		City		State		Par Advances		Percentage of Total Par Value of Advances		Interest Income		Percentage (a)		Interest Income		Percentage (a)
Citibank, N.A.		New York		NY		$15,500,000		14.77	%	$179,027		22.27	%	$347,304		22.46	%
MetLife, Inc.:
Metropolitan Life Insurance Company		New York		NY		12,835,000		12.23		117,923		14.67		235,138		15.21
Metropolitan Tower Life Insurance Company		Whippany		NJ		1,380,000		1.31		13,329		1.66		26,144		1.69
Subtotal MetLife, Inc.						14,215,000		13.54		131,252		16.33		261,282		16.90

Flagstar Bank, N.A.		Hicksville		NY		10,750,000		10.24		138,490		17.22		278,980		18.04
Teachers Ins. & Annuity Assoc of America		New York		NY		6,920,900		6.59		84,840		10.55		170,442		11.02
Equitable Financial Life Insurance Co.		New York		NY		6,865,063		6.54		72,214		8.98		144,001		9.31
Goldman Sachs Bank USA		New York		NY		5,000,000		4.76		57,826		7.19		115,469		7.47
New York Life Insurance Company		New York		NY		3,788,000		3.61		43,734		5.44		82,280		5.32
Guardian Life Insurance Co. of America		Buffalo		NY		3,019,436		2.88		30,920		3.85		58,502		3.78
Morgan Stanley Private Bank, NA		Purchase		NY		3,000,000		2.86		44,942		5.59		46,838		3.03
Prudential Insurance Company of America		Newark		NJ		2,619,250		2.50		20,792		2.59		41,355		2.67
Total						$71,677,649		68.28	%	$804,036		100.00	%	$1,546,453		100.00	%

(a)Interest income percentage is the member’s interest income from advances as a percentage of the top 10 members.