v3.26.1
Capital (Tables)
 6 Months Ended
Jun. 30, 2026
Banking Regulation, Total Capital [Abstract]  
Schedule of Capital Stock Outstanding by Sub-series The following table presents our capital stock outstanding by sub-series.
Capital Stock Sub-SeriesJune 30, 2026December 31, 2025
Class B-1 (non-activity-based stock)
$705,027 $743,519 
Class B-2 (activity-based stock)
2,057,766 1,952,636 
Total Class B outstanding, par value$2,762,793 $2,696,155 
Mandatorily Redeemable Capital Stock The following table presents the activity in our MRCS.
Three Months Ended June 30,Six Months Ended June 30,
MRCS Activity2026202520262025
Liability at beginning of period$282,274 $266,359 $282,294 $363,004 
Reclassification from capital stock, net360 25,402 360 25,402 
Redemptions/repurchases(74,925)(144)(74,945)(96,789)
Liability at end of period$207,709 $291,617 $207,709 $291,617 
The following table presents our MRCS by contractual year of redemption. The year of redemption is the later of (i) the final year of the five-year redemption period, or (ii) the first year in which a non-member no longer has an activity-based stock requirement.

MRCS Contractual Year of RedemptionJune 30, 2026December 31, 2025
Past contractual redemption date1
$481 $511 
Year 1— — 
Year 2180,567 255,470 
Year 31,159 13 
Year 425,142 1,933 
Year 5360 24,367 
Total MRCS, par value$207,709 $282,294 
1    Balance represents Class B stock that will not be redeemed until the associated credit products or mortgage loans are no longer outstanding.
Schedule of Distributions on Mandatorily Redeemable Capital Stock
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations We are subject to three capital requirements under our capital plan and Finance Agency regulations. As presented in the following table, we were in compliance with these Finance Agency capital requirements at June 30, 2026 and December 31, 2025.
June 30, 2026December 31, 2025
Regulatory Capital RequirementsRequiredActualRequiredActual
Risk-based capital$955,878$4,819,898$1,139,837$4,776,293
Total regulatory capital$3,617,114$4,819,898$3,450,392$4,776,293
Total regulatory capital-to-assets ratio4.00%5.33%4.00%5.54%
Leverage capital$4,521,393$7,229,847$4,312,990$7,164,440
Leverage ratio5.00%8.00%5.00%8.31%