v3.26.1
Mortgage Loans Held for Portfolio (Tables)
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Mortgage Loans Held for Portfolio
The following table presents information on the Bank’s mortgage loans held for portfolio (dollars in millions):
June 30,
2026
December 31,
2025
Fixed rate, long-term1 single-family mortgage loans
$14,522 $13,549 
Fixed rate, medium-term2 single-family mortgage loans
930 904 
Total unpaid principal balance15,452 14,453 
Premiums157 156 
Discounts(73)(54)
Basis adjustments from mortgage loan purchase commitments(12)(9)
Total mortgage loans held for portfolio3
15,524 14,546 
Allowance for credit losses(6)(6)
Total mortgage loans held for portfolio, net$15,518 $14,540 
1    Long-term is defined as an original term of greater than 15 years and up to 30 years.
2    Medium-term is defined as an original term of 15 years or less.
3    Excludes accrued interest receivable of $114 million and $107 million at June 30, 2026 and December 31, 2025.

The following table presents the Bank’s mortgage loans held for portfolio by collateral or guarantee type (dollars in millions):
June 30,
2026
December 31,
2025
Conventional mortgage loans$15,109 $14,097 
Government-guaranteed or -insured mortgage loans
343 356 
Total unpaid principal balance$15,452 $14,453