


	June 30, 2026				December 31, 2025
Redemption Term	Amount1		Weighted Average Interest Rate		Amount1		Weighted Average Interest Rate

Due in one year or less	$	66,327	3.81		$	53,895	3.87
Due after one year through two years	15,840		3.90		14,770		3.84
Due after two years through three years	13,851		4.06		15,574		4.12
Due after three years through four years	12,221		3.87		11,013		3.93
Due after four years through five years	10,137		4.12		9,511		4.12
Thereafter	6,640		4.22		5,415		4.27
Total par value	125,016		3.90	%	110,178		3.95	%
Premiums	1				2
Discounts	(27)				(22)
Fair value hedging adjustments	(501)				72

Total	$	124,489			$	110,230

The following table summarizes advances by year of redemption term or next call date for callable advances (dollars in millions):


	Redemption Term or Next Call Date
	June 30, 2026		December 31, 2025

Due in one year or less	$	77,392	$	63,698
Due after one year through two years	14,562		13,315
Due after two years through three years	11,632		13,455
Due after three years through four years	9,126		7,976
Due after four years through five years	5,705		6,361
Thereafter	6,599		5,373
Total par value	$	125,016	$	110,178

The Bank’s advances are primarily concentrated in commercial banks and insurance companies. The following table summarizes advances outstanding to members exceeding 10 percent of total advances outstanding at June 30, 2026 (dollars in millions):

The Bank evaluates advances for credit losses on a quarterly basis. At June 30, 2026 and December 31, 2025, none of the Bank’s advances were past due, on non-accrual status, or considered impaired. The Bank considers an advance past due if a default of contractual principal or interest exists for a period of 30 days or more. In addition, there were no modifications related to advances resulting from a borrower experiencing financial difficulties during the six months ended June 30, 2026 and 2025. The Bank has never experienced a credit loss on its advances. Based upon the Bank’s collateral and lending policies, the collateral held as security, and the repayment history on advances, management has determined that there were no expected credit losses on its advances at June 30, 2026 and December 31, 2025. For additional information on the Bank’s allowance methodology, including eligible collateral types, see “Item 8. Financial Statements and Supplementary Data — Note 5 — Advances” in the 2025 Form 10-K.