| Activities with Other FHLBanks Overnight Funds. The Bank may lend or borrow unsecured overnight funds to or from other FHLBanks. All such transactions are at current market rates. The following table summarizes loan activity to other FHLBanks during the six months ended June 30, 2026 and 2025 (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other FHLBank | | Beginning Balance | | Loans | | Principal Repayment | | Ending Balance | | 2026 | | | | | | | | | | | | | | | | | | | Chicago | | $ | — | | | $ | 1 | | | $ | (1) | | | $ | — | | | | | | | | | | | | San Francisco | | — | | | 400 | | | (400) | | | — | | | | $ | — | | | $ | 401 | | | $ | (401) | | | $ | — | | | | | | | | | | | | 2025 | | | | | | | | | Boston | | $ | — | | | $ | 300 | | | $ | (300) | | | $ | — | | Chicago | | — | | | 5 | | | (5) | | | — | | | | | | | | | | | | San Francisco | | — | | | 500 | | | (500) | | | — | | | | | | | | | | | | | $ | — | | | $ | 805 | | | $ | (805) | | | $ | — | |
The following table summarizes borrowing activity from other FHLBanks during the six months ended June 30, 2026 and 2025 (dollars in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other FHLBank | | Beginning Balance | | Borrowing | | Principal Payment | | Ending Balance | | 2026 | | | | | | | | | | | | | | | | | | | New York | | $ | — | | | $ | 1,500 | | | $ | (1,500) | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cincinnati | | $ | — | | | $ | 250 | | | $ | (250) | | | $ | — | | | New York | | — | | | 700 | | | (700) | | | — | | | San Francisco | | — | | | 500 | | | (500) | | | — | | | Topeka | | — | | | 250 | | | (250) | | | — | | | | $ | — | | | $ | 1,700 | | | $ | (1,700) | | | $ | — | |
Consolidated Obligations. From time to time, one FHLBank may transfer consolidated obligations to another FHLBank, and upon transfer, the assuming FHLBank becomes the primary obligor. During the six months ended June 30, 2026, the Bank assumed a consolidated obligation discount note with a par value of $1.0 billion from the FHLBank of New York.
|