v3.26.1
Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME        
Advances $ 526,425 $ 790,229 $ 1,057,133 $ 1,558,446
Prepayment fees on advances, net 421 386 3,345 762
Interest-bearing deposits 28,616 35,377 59,018 69,875
Securities purchased under agreements to resell 60,089 33,315 128,900 70,263
Federal funds sold 80,736 133,520 146,012 271,599
Trading securities 40,706 29,748 102,385 57,299
Available-for-sale securities 209,347 250,510 425,111 503,256
Held-to-maturity securities 11,113 15,529 23,260 23,427
Mortgage loans held for portfolio 81,654 68,072 158,415 132,886
Other 322 261 633 486
Total interest income 1,039,429 1,356,947 2,104,212 2,688,299
Consolidated obligations        
Bonds 541,992 961,280 1,099,759 1,895,657
Discount notes 302,340 179,466 617,432 360,336
Deposits 23,541 20,411 43,003 46,524
Mandatorily redeemable capital stock 1,329 80 2,599 204
Other borrowings 17 4 21 8
Total interest expense 869,219 1,161,241 1,762,814 2,302,729
NET INTEREST INCOME 170,210 195,706 341,398 385,570
Provision for credit losses 837 1,626 962 3,790
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 169,373 194,080 340,436 381,780
OTHER INCOME (LOSS)        
Net gains (losses) on trading securities (5,077) 3,685 (14,813) 16,209
Net gains (losses) on derivatives and hedging activities 4,100 963 9,166 (3,304)
Net gains on other assets carried at fair value 2,739 1,803 1,879 1,152
Letter of credit fees 5,672 5,909 11,570 11,855
Other, net 1,661 1,457 3,062 2,608
Total other income 9,095 13,817 10,864 28,520
OTHER EXPENSE        
Compensation and benefits 17,788 15,860 34,866 32,107
Other operating expenses 13,875 12,951 26,641 24,735
Finance Agency 1,950 2,856 3,900 5,712
Office of Finance 1,894 1,551 3,514 3,293
Voluntary grants, subsidies, donations and Affordable Housing Program contributions 5,415 8,785 9,108 10,919
Derivative clearing fees 175 334 340 600
Total other expense 41,097 42,337 78,369 77,366
INCOME BEFORE ASSESSMENTS 137,371 165,560 272,931 332,934
Affordable Housing Program assessment 13,870 16,564 27,553 33,314
NET INCOME $ 123,501 $ 148,996 $ 245,378 $ 299,620