v3.26.1
Capital
 6 Months Ended
Jun. 30, 2026
Banking Regulation, Total Capital [Abstract]  
Capital Capital
The following table presents the Bank’s compliance with the Federal Housing Finance Agency’s (FHFA) regulatory capital rules and requirements.
As of June 30, 2026As of December 31, 2025
Required    Actual        Required    Actual        
Risk-based capital$1,576 $9,033 $1,418 $8,602 
Total regulatory capital ratio4.00 %5.48 %4.00 %5.88 %
Total regulatory capital (1)
$6,599 $9,033 $5,849 $8,602 
Leverage capital ratio5.00 %8.21 %5.00 %8.82 %
Leverage capital$8,249 $13,550 $7,312 $12,904 
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(1) Total regulatory capital does not include accumulated other comprehensive loss, but does include mandatorily redeemable capital stock.

The following table presents the issued and outstanding shares of the Bank’s capital stock Class B subclasses.
As of June 30, 2026As of December 31, 2025
Subclass:Issued and Outstanding SharesAmountIssued and Outstanding SharesAmount
B1 membership stock
11,059,304 $1,106 10,698,627 $1,069 
B2 advances activity-based stock48,134,091 4,813 45,041,666 4,504 
B3 standby letters of credit activity-based stock369,889 37 340,577 34 
Total capital stock Class B putable59,563,284 $5,956 56,080,870 $5,607 

The FHFA determines each FHLBank’s capital classification on at least a quarterly basis. If an FHLBank is determined to be other than adequately capitalized, that FHLBank becomes subject to additional supervisory authority by the FHFA. Before implementing a reclassification, the Director of the FHFA is required to provide that FHLBank with written notice of the proposed action and an opportunity to submit a response. As of the date of this Report, the Bank meets the definition of “adequately capitalized,” which is the highest rating under the capital rule, based on the most recent notification provided by the Director of the FHFA.

The Bank declares and pays any dividends only after net income is calculated for the preceding quarter. The following table presents the Bank’s declared and paid quarterly cash dividends in 2026 and 2025.
2026
2025
AmountAnnualized Rate (%) AmountAnnualized Rate (%)
First quarter$94 6.40 $100 7.10 
Second quarter96 6.40 96 6.85 
Total$190 6.40 $196 6.97