v3.26.1
Estimated Fair Values - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets:            
Cash and due from banks $ 56,137   $ 51,896      
Available-for-sale securities (amortized cost of $15,546,015 and $15,251,368) (Note 3) 15,642,918   15,319,045      
Amortized Cost - HTM [1] 5,992,895   5,997,006      
Estimated Fair Value - HTM 6,003,341   5,979,915      
Accrued interest receivable 244,769   233,741      
Derivative assets, net 458,746   445,491      
Netting adjustments and cash collateral, derivative asset [2],[3] 32,044   55,624      
Consolidated obligations:            
Loans from other FHLBanks 0   0      
Accrued interest payable 330,551   329,611      
Derivative liabilities, net 3,374   935      
Netting adjustments and cash collateral, derivative liability [2],[3] (493,790)   (551,733)      
MRCS 207,709 $ 282,274 282,294 $ 291,617 $ 266,359 $ 363,004
Level 1            
Assets:            
Cash and due from banks 56,137   51,896      
Interest-bearing deposits 1,143,588   1,326,673      
Securities purchased under agreements to resell 0   0      
Federal funds sold 0   0      
Trading securities 0   0      
Available-for-sale securities (amortized cost of $15,546,015 and $15,251,368) (Note 3) 0   0      
Estimated Fair Value - HTM 0   0      
Advances 0   0      
Mortgage loans held for portfolio, net 0   0      
Accrued interest receivable 0   0      
Derivative assets, net 0   0      
Grantor trust assets [4] 47,223   44,195      
Liabilities:            
Deposits 0   0      
Consolidated obligations:            
Accrued interest payable 0   0      
Derivative liabilities, net 0   0      
MRCS 207,709   282,294      
Level 2            
Assets:            
Cash and due from banks 0   0      
Interest-bearing deposits 45   43      
Securities purchased under agreements to resell 5,450,000   4,550,000      
Federal funds sold 5,500,000   5,082,000      
Trading securities 1,095,821   1,101,519      
Available-for-sale securities (amortized cost of $15,546,015 and $15,251,368) (Note 3) 15,642,918   15,319,045      
Estimated Fair Value - HTM 6,003,341   5,979,915      
Advances 41,634,780   39,549,188      
Mortgage loans held for portfolio, net 12,533,969   12,037,977      
Accrued interest receivable 244,769   233,741      
Derivative assets, net 426,702   389,867      
Grantor trust assets [4] 0   0      
Liabilities:            
Deposits 843,956   738,905      
Consolidated obligations:            
Accrued interest payable 330,551   329,611      
Derivative liabilities, net 497,164   552,668      
MRCS 0   0      
Level 3            
Assets:            
Cash and due from banks 0   0      
Interest-bearing deposits 0   0      
Securities purchased under agreements to resell 0   0      
Federal funds sold 0   0      
Trading securities 0   0      
Available-for-sale securities (amortized cost of $15,546,015 and $15,251,368) (Note 3) 0   0      
Estimated Fair Value - HTM 0   0      
Advances 0   0      
Mortgage loans held for portfolio, net 8,386   5,811      
Accrued interest receivable 0   0      
Derivative assets, net 0   0      
Grantor trust assets [4] 0   0      
Liabilities:            
Deposits 0   0      
Consolidated obligations:            
Accrued interest payable 0   0      
Derivative liabilities, net 0   0      
MRCS 0   0      
Carrying value            
Assets:            
Cash and due from banks 56,137   51,896      
Interest-bearing deposits 1,143,633   1,326,716      
Securities purchased under agreements to resell 5,450,000   4,550,000      
Federal funds sold 5,500,000   5,082,000      
Trading securities 1,095,821   1,101,519      
Available-for-sale securities (amortized cost of $15,546,015 and $15,251,368) (Note 3) 15,642,918   15,319,045      
Amortized Cost - HTM 5,992,895   5,997,006      
Advances 41,711,809   39,611,215      
Mortgage loans held for portfolio, net 13,035,549   12,443,814      
Accrued interest receivable 244,769   233,741      
Derivative assets, net 458,746   445,491      
Grantor trust assets [4] 47,223   44,195      
Liabilities:            
Deposits 843,956   738,905      
Consolidated obligations:            
Accrued interest payable 330,551   329,611      
Derivative liabilities, net 3,374   935      
MRCS 207,709   282,294      
Fair Value            
Assets:            
Cash and due from banks 56,137   51,896      
Interest-bearing deposits 1,143,633   1,326,716      
Securities purchased under agreements to resell 5,450,000   4,550,000      
Federal funds sold 5,500,000   5,082,000      
Trading securities 1,095,821   1,101,519      
Available-for-sale securities (amortized cost of $15,546,015 and $15,251,368) (Note 3) 15,642,918   15,319,045      
Estimated Fair Value - HTM 6,003,341   5,979,915      
Advances 41,634,780   39,549,188      
Mortgage loans held for portfolio, net 12,542,355   12,043,788      
Accrued interest receivable 244,769   233,741      
Derivative assets, net 458,746   445,491      
Grantor trust assets [4] 47,223   44,195      
Liabilities:            
Deposits 843,956   738,905      
Consolidated obligations:            
Accrued interest payable 330,551   329,611      
Derivative liabilities, net 3,374   935      
MRCS 207,709   282,294      
Discount notes | Level 1            
Consolidated obligations:            
Discount notes 0   0      
Discount notes | Level 2            
Consolidated obligations:            
Discount notes 32,795,545   27,436,318      
Discount notes | Level 3            
Consolidated obligations:            
Discount notes 0   0      
Discount notes | Carrying value            
Consolidated obligations:            
Discount notes 32,797,504   27,430,651      
Discount notes | Fair Value            
Consolidated obligations:            
Discount notes 32,795,545   27,436,318      
Consolidated obligations: | Level 1            
Consolidated obligations:            
Bonds 0   0      
Consolidated obligations: | Level 2            
Consolidated obligations:            
Bonds 50,437,561   51,854,267      
Consolidated obligations: | Level 3            
Consolidated obligations:            
Bonds 0   0      
Consolidated obligations: | Carrying value            
Consolidated obligations:            
Bonds 50,926,648   52,246,637      
Consolidated obligations: | Fair Value            
Consolidated obligations:            
Bonds $ 50,437,561   $ 51,854,267      
[1] Carrying value equals amortized cost, which includes net unamortized premiums at June 30, 2026 and December 31, 2025 of $5,939 and $8,480, respectively. Excludes accrued interest receivable at June 30, 2026 and December 31, 2025 of $8,207 and $8,906, respectively.
[2] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2026 and December 31, 2025, including accrued interest, totaled $668,506 and $719,187, respectively. Cash collateral received from counterparties and held at June 30, 2026 and December 31, 2025, including accrued interest, totaled $142,672 and $111,829, respectively.
[3] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed with the same clearing agent and/or counterparty.
[4] Included in other assets on the statement of condition.