v3.26.1
Consolidated Obligations
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Consolidated Obligations Consolidated Obligations
Consolidated obligations, consisting of consolidated obligation bonds and discount notes, are the joint and several obligations of the 11 Federal Home Loan Banks (FHLBanks) and are backed only by the financial resources of the FHLBanks. The Federal Home Loan Banks Office of Finance (Office of Finance) tracks the amount of debt issued on behalf of each FHLBank. In addition, the Bank separately tracks its specific portion of consolidated obligations for which it is the primary obligor and records it as a liability.

Consolidated Obligation Bonds
The following table presents the Bank’s consolidated obligation bonds by interest-rate payment type. 
As of June 30, 2026As of December 31, 2025
Simple variable-rate$78,362 $49,594 
Fixed-rate29,575 37,678 
Step up/down1,413 2,195 
Total par value$109,350 $89,467 
The following table presents the Bank’s participation in consolidated obligation bonds outstanding by year of contractual maturity.
As of June 30, 2026As of December 31, 2025
AmountWeighted-
average
Interest Rate (%)    		AmountWeighted-
average
Interest Rate (%)    
Due in one year or less$96,727 3.51 $74,877 3.46 
Due after one year through two years8,371 3.48 9,379 3.04 
Due after two years through three years2,176 3.31 2,897 2.94 
Due after three years through four years787 3.99 660 3.17 
Due after four years through five years828 3.59 1,019 4.34 
Due after five years461 4.74 635 3.69 
Total par value109,350 3.52 89,467 3.42 
Premiums3 4 
Discounts(9)(10)
Hedging adjustments(187)(210)
Total$109,157 $89,251 

The following table presents the Bank’s consolidated obligation bonds outstanding by call feature.
 
As of June 30, 2026As of December 31, 2025
Noncallable$88,387 $64,067 
Callable20,963 25,400 
Total par value$109,350 $89,467 

The following table presents the Bank’s consolidated obligation bonds outstanding, by year of contractual maturity, or for callable consolidated obligation bonds, by next call date.
As of June 30, 2026As of December 31, 2025
Due or callable in one year or less$101,854 $82,948 
Due or callable after one year through two years5,938 4,662 
Due or callable after two years through three years1,051 1,392 
Due or callable after three years through four years36 70 
Due or callable after four years through five years180 105 
Due or callable after five years291 290 
Total par value$109,350 $89,467 

Consolidated Obligation Discount Notes

Consolidated obligation discount notes are issued to raise short-term funds and have original contractual maturities of up to one year. These consolidated obligation discount notes are issued at less than their face amounts and redeemed at par value when they mature.
The following table presents the Bank’s participation in consolidated obligation discount notes.
Book ValuePar ValueWeighted-average
Interest Rate (%)
As of June 30, 2026$42,715 $43,037 3.58 
As of December 31, 2025$44,390 $44,616 3.78