v3.26.1
Mortgage Loans Held for Portfolio (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Mortgage Loans Held for Portfolio by Term and Type
The following tables present information on our mortgage loans held for portfolio by term and type.
TermJune 30, 2026December 31, 2025
Fixed-rate long-term mortgages$12,246,837 $11,629,354 
Fixed-rate medium-term1 mortgages
544,805 578,035 
Total mortgage loans held for portfolio, UPB12,791,642 12,207,389 
Unamortized premiums262,677 254,899 
Unamortized discounts(15,663)(15,779)
Hedging basis adjustments, net(3,007)(2,570)
Total mortgage loans held for portfolio13,035,649 12,443,939 
Allowance for credit losses(100)(125)
Total mortgage loans held for portfolio, net2
$13,035,549 $12,443,814 
1    Defined as a term of 15 years or less at origination.
2    Excludes accrued interest receivable at June 30, 2026 and December 31, 2025 of $84,437 and $80,370, respectively.
TypeJune 30, 2026December 31, 2025
Conventional$12,363,427 $11,820,916 
Government-guaranteed or -insured428,215 386,473 
Total mortgage loans held for portfolio, UPB$12,791,642 $12,207,389 

Credit Quality Indicators for Conventional Mortgage Loans. Amounts past due 30 days or more on conventional mortgage loans at June 30, 2026 and December 31, 2025 totaled $81,806 and $87,332, respectively. Amounts are based on amortized cost, which excludes accrued interest receivable.