Consolidated Obligations (Tables)

6 Months Ended

Jun. 30, 2026

Consolidated Obligation Bonds by Interest-Rate Payment

The following table presents the Bank’s consolidated obligation bonds by interest-rate payment type.


	As of June 30, 2026		As of December 31, 2025
Simple variable-rate	$	78,362	$	49,594
Fixed-rate	29,575		37,678
Step up/down	1,413		2,195


Total par value	$	109,350	$	89,467

Consolidated Obligation Bonds Outstanding, by Year of Contractual Maturity

The following table presents the Bank’s participation in consolidated obligation bonds outstanding by year of contractual maturity.


	As of June 30, 2026			As of December 31, 2025
	Amount		Weighted- average Interest Rate (%)	Amount		Weighted- average Interest Rate (%)
Due in one year or less	$	96,727	3.51	$	74,877	3.46
Due after one year through two years	8,371		3.48	9,379		3.04
Due after two years through three years	2,176		3.31	2,897		2.94
Due after three years through four years	787		3.99	660		3.17
Due after four years through five years	828		3.59	1,019		4.34
Due after five years	461		4.74	635		3.69
Total par value	109,350		3.52	89,467		3.42
Premiums	3			4
Discounts	(9)			(10)
Hedging adjustments	(187)			(210)
Total	$	109,157		$	89,251

Callable and Noncallable Consolidated Obligations Bonds Outstanding

The following table presents the Bank’s consolidated obligation bonds outstanding by call feature.


	As of June 30, 2026		As of December 31, 2025
Noncallable	$	88,387	$	64,067
Callable	20,963		25,400
Total par value	$	109,350	$	89,467

Summary of Callable Consolidated Obligation Bonds Outstanding, by Year of Contractual Maturity

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, 2026		As of December 31, 2025
Due or callable in one year or less	$	101,854	$	82,948
Due or callable after one year through two years	5,938		4,662
Due or callable after two years through three years	1,051		1,392
Due or callable after three years through four years	36		70
Due or callable after four years through five years	180		105
Due or callable after five years	291		290
Total par value	$	109,350	$	89,467

Consolidated Obligation Discount Notes

The following table presents the Bank’s participation in consolidated obligation discount notes.


	Book Value		Par Value		Weighted-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