v3.26.1
Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net Income $ 307,203 $ 308,720
Depreciation and amortization:    
Net premiums and discounts on consolidated obligations, investments, mortgage loans and other adjustments 79,954 (685,937)
Concessions on consolidated obligations 1,953 1,479
Premises, software, and equipment 9,791 8,308
Provision (Reversal) for credit losses 592 140
Change in net fair value adjustments on derivatives and hedging activities 197,648 (548,427)
Net realized and unrealized (gains) losses on trading securities 59,701 (89,691)
Change in fair value on Equity Investments (5,054) (3,626)
Change in fair value adjustments on financial instruments held at fair value 2,665 28,161
Losses (gains) from extinguishment of debt 1 0
Net change in:    
Accrued interest receivable (103,903) (1,765)
Derivative assets due to accrued interest (58,794) 162,368
Derivative liabilities due to accrued interest 20,895 (343,890)
Other assets 3,977 11,291
Affordable Housing Program liability 3,967 205
Accrued interest payable (13,541) 184,699
Other liabilities (11,708) 416
Total adjustments 188,144 (1,276,269)
Net cash provided by (used in) operating activities 495,347 (967,549)
Net change in:    
Interest-bearing deposits (683,810) (70,550)
Securities purchased under agreements to resell 6,030,000 (2,550,000)
Federal funds sold (6,486,000) (4,765,000)
Deposits with other FHLBanks 97 122
Equity Investments (152) 135
Premises, software, and equipment (3,681) (7,966)
Trading securities:    
Purchased (4,482,652) (2,426,824)
Proceeds from sales 1,392,932 2,473,139
Available-for-sale securities:    
Purchased (619,393) (708,209)
Repayments 140,311 225,571
Held-to-maturity securities:    
Purchased (2,499,464) (844,306)
Repayments 1,028,676 912,075
Advances:    
Principal collected 570,347,452 406,316,915
Made (605,573,248) (404,741,560)
Mortgage loans held-for-portfolio:    
Principal collected 145,590 96,473
Purchased (266,912) (212,624)
Proceeds from sales of REO 316 560
Net cash provided by (used in) investing activities (41,529,938) (6,302,049)
Net change in:    
Deposits and other borrowings (358,807) 1,220,438
Derivative contracts with financing element 383 1,754
Payments on principal portion of finance lease obligation (232) (225)
Consolidated obligation bonds:    
Proceeds from issuance 60,447,050 51,003,964
Payments for maturing and early retirement (40,399,902) (36,921,742)
Payments on bond transferred to other FHLBanks [1] (749,988) 0
Consolidated obligation discount notes:    
Proceeds from issuance 399,475,699 339,940,168
Payments for maturing (377,797,911) (347,666,726)
Payments on discount notes transferred to other FHLBanks (a) [1] (985,772) 0
Capital stock:    
Proceeds from issuance of capital stock 7,852,738 2,974,702
Payments for repurchase/redemption of capital stock (6,218,934) (3,021,267)
Redemption of mandatorily redeemable capital stock (1,718) (1,647)
Cash dividends paid [2] (211,761) (253,745)
Net cash provided by (used in) financing activities 41,050,845 7,275,674
Net increase (decrease) in cash and due from banks 16,254 6,076
Cash and due from banks at beginning of the period [3] 38,192 26,141
Cash and due from banks at end of the period [3] 54,446 32,217
Supplemental disclosures:    
Interest paid 1,536,738 2,121,977
Interest paid for Discount Notes [4] 1,638,812 1,933,339
Affordable Housing Program payments [5] 30,197 34,125
Transfers of mortgage loans to real estate owned 137 0
Capital stock subject to mandatory redemption reclassified from equity 1,337 6,111
Interest paid for finance lease 22 29
Carrying Value of Trading securities pledged collateral which can be repledged or resold 843,961 0
Carrying Value of AFS securities pledged collateral which can be repledged or resold 0 0
Carrying Value of HTM securities pledged collateral which can be repledged or resold $ 0 $ 0
[1] For more information about bonds and discount notes transferred to other FHLBanks and other related party transactions, See
Note 20. Related Party Transactions.
[2] Does not include payments to holders of mandatorily redeemable capital stock. Such payments are considered as interest expense
and reported within operating cash flows.
[3] Cash and due from Banks includes pass-thru reserves at the Federal Reserve Bank of New York. See Note 3. Cash and Due from
Banks for further information. Interest-bearing deposits are considered investments and are not included in cash or cash
equivalent.
[4] Interest paid for Discount Notes is the portion of the cash payments at settlement of zero-coupon Consolidated obligation
discount notes.
[5] AHP payments equals beginning accrual minus ending accrual plus AHP assessment for the period; payments represent funds released to the Affordable Housing Program.