v3.26.1
Consolidated Obligations (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Discount Notes The following table presents our discount notes outstanding, all of which are due within one year of issuance.
Discount NotesJune 30, 2026December 31, 2025
Par value$32,929,683 $27,553,574 
Unamortized discounts(130,551)(122,625)
Unamortized concessions(300)(285)
Fair-value hedging basis adjustments, net(1,328)(13)
Book value$32,797,504 $27,430,651 
Weighted average effective interest rate3.65 %3.74 %
CO Bonds by Interest-Rate Payment Type and Redemption Feature The following table presents the par value of our CO bonds outstanding by interest-rate payment type.
Interest-Rate Payment TypeJune 30, 2026December 31, 2025
Fixed-rate$26,876,105 $28,208,870 
Simple variable-rate23,945,500 23,816,000 
Step-up608,500 708,500 
Total CO bonds, par value$51,430,105 $52,733,370 
The following tables present the par value of our CO bonds outstanding by redemption feature and the earlier of the year of contractual maturity or next call date.

Redemption FeatureJune 30, 2026December 31, 2025
Non-callable / non-putable$28,510,705 $30,060,470 
Callable22,919,400 22,672,900 
Total CO bonds, par value$51,430,105 $52,733,370 
CO Bonds by Year of Contractual Maturity (or Next Call Date)
The following table presents our CO bonds outstanding by contractual maturity.

June 30, 2026December 31, 2025
Year of Contractual MaturityAmountWAIR%AmountWAIR%
Due in 1 year or less$22,116,020 3.20 $25,317,135 3.08 
Due after 1 through 2 years13,052,380 3.53 11,355,960 3.42 
Due after 2 through 3 years2,188,330 3.28 2,444,370 2.95 
Due after 3 through 4 years1,907,520 3.70 1,912,030 3.91 
Due after 4 through 5 years2,554,880 3.36 2,277,900 3.78 
Thereafter9,610,975 3.82 9,425,975 3.66 
Total CO bonds, par value51,430,105 3.43 52,733,370 3.31 
Unamortized premiums15,183 18,720 
Unamortized discounts(5,848)(6,408)
Unamortized concessions(17,189)(16,334)
Fair-value hedging basis adjustments, net(495,603)(482,711)
Total CO bonds, carrying value$50,926,648 $52,246,637 
Year of Contractual Maturity or Next Call DateJune 30, 2026December 31, 2025
Due in 1 year or less$37,488,920 $40,535,535 
Due after 1 through 2 years12,068,880 9,774,460 
Due after 2 through 3 years1,063,330 1,555,870 
Due after 3 through 4 years276,120 218,130 
Due after 4 through 5 years45,880 162,400 
Thereafter486,975 486,975 
Total CO bonds, par value$51,430,105 $52,733,370