v3.26.1
Estimated Fair Values
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Estimated Fair Values Estimated Fair Values
A fair value hierarchy is used to prioritize the inputs of valuation techniques used to measure fair value. A description of the application of the fair value hierarchy, valuation techniques, and significant inputs is disclosed in “Item 8. Financial Statements and Supplementary Data – Note 13 – Estimated Fair Values” in the Bank’s Form 10-K. There have been no material changes in the fair value hierarchy classification of financial assets and liabilities, valuation techniques, or significant inputs during the reported periods.
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The following tables present the carrying value, fair value, and fair value hierarchy of the Bank’s financial instruments.
As of June 30, 2026
Estimated Fair Value
Carrying ValueTotal        Level 1        Level 2        
Netting Adjustments and Cash Collateral (2)
Assets:
 Cash and due from banks$48 $48 $48 $— $— 
 Interest-bearing deposits2,621 2,621 — 2,621 — 
 Securities purchased under agreements to resell10,000 10,000 — 10,000 — 
 Federal funds sold13,522 13,522 — 13,522 — 
 Available-for-sale securities (1)
13,816 13,816 — 13,816 — 
 Held-to-maturity securities22,307 22,160 — 22,160 — 
 Advances101,404 101,420 — 101,420 — 
 Mortgage loans held for portfolio, net72 70 — 70 — 
 Accrued interest receivable547 547 — 547 — 
 Derivative assets (1)
387 387 — 157 230 
    Grantor trust assets (included in Other assets) (1)
28 28 28 — — 
Liabilities:
 Interest-bearing deposits2,856 2,856 — 2,856 — 
 Consolidated obligations, net:
Discount notes42,715 42,702 — 42,702 — 
Bonds109,157 109,099 — 109,099 — 
 Mandatorily redeemable capital stock4 4 4 — — 
 Accrued interest payable629 629 — 629 — 
 Derivative liabilities (1)
2 2 — 187 (185)
____________ 
(1) Financial instruments measured at fair value on a recurring basis.
(2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty.
As of December 31, 2025
Estimated Fair Value
Carrying ValueTotal        Level 1        Level 2        
Netting Adjustments and Cash Collateral (2)
Assets:
 Cash and due from banks$19 $19 $19 $— $— 
 Interest-bearing deposits2,551 2,551 — 2,551 — 
 Securities purchased under agreements to resell5,500 5,500 — 5,500 — 
 Federal funds sold8,407 8,407 — 8,407 — 
 Available-for-sale securities (1)
8,933 8,933 — 8,933 — 
 Held-to-maturity securities24,658 24,509 — 24,509 — 
 Advances94,978 95,045 — 95,045 — 
 Mortgage loans held for portfolio, net77 77 — 77 — 
 Accrued interest receivable525 525 — 525 — 
 Derivative assets (1)
334 334 — 104 230 
    Grantor trust assets (included in Other assets) (1)
28 28 28 — — 
Liabilities:
 Interest-bearing deposits2,463 2,463 — 2,463 — 
 Consolidated obligations, net:
Discount notes44,390 44,382 — 44,382 — 
Bonds89,251 89,253 — 89,253 — 
 Mandatorily redeemable capital stock1 1 1 — — 
 Accrued interest payable550 550 — 550 — 
 Derivative liabilities (1)
4 4 — 303 (299)
____________ 
(1) Financial instruments measured at fair value on a recurring basis.
(2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty.