v3.26.1
Statements of Capital (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ 6,265,408 $ 6,743,872 $ 6,769,871 $ 7,195,661
Proceeds from sale of capital stock 984,969 920,519 1,524,683 1,435,404
Repurchase/redemption of capital stock (638,756) (755,115) (1,545,122) (1,846,827)
Shares reclassified to mandatorily redeemable capital stock   (1,696) (257,373) (13,521)
Comprehensive income (loss) 184,765 85,048 307,586 222,120
Dividends on capital stock        
Cash (64) (66) (128) [1] (131) [2]
Mandatorily redeemable capital stock (808) (11) (4,003) (155)
Ending balance 6,795,514 6,992,551 6,795,514 6,992,551
Retained Earnings        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 3,307,256 2,941,210 3,227,044 2,848,948
Comprehensive income (loss) 123,501 148,996 245,378 299,620
Dividends on capital stock        
Cash (64) (66) (128) (131)
Mandatorily redeemable capital stock (808) (11) (4,003) (155)
Stock (33,545) (49,195) (71,951) (107,348)
Ending balance 3,396,340 3,040,934 3,396,340 3,040,934
Retained Earnings, Restricted        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 791,312 680,551 766,937 650,426
Comprehensive income (loss) 24,701 29,799 49,076 59,924
Dividends on capital stock        
Ending balance 816,013 710,350 816,013 710,350
Retained Earnings, Unrestricted        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 2,515,944 2,260,659 2,460,107 2,198,522
Comprehensive income (loss) 98,800 119,197 196,302 239,696
Dividends on capital stock        
Cash (64) (66) (128) (131)
Mandatorily redeemable capital stock (808) (11) (4,003) (155)
Stock (33,545) (49,195) (71,951) (107,348)
Ending balance 2,580,327 2,330,584 2,580,327 2,330,584
Accumulated Other Comprehensive Income (Loss)        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 205,412 165,118 204,468 178,670
Comprehensive income (loss) 61,264 (63,948) 62,208 (77,500)
Dividends on capital stock        
Ending balance $ 266,676 $ 101,170 $ 266,676 $ 101,170
Parent | Capital Stock Class B-2 - Activity        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance, shares 17,224 24,219 20,747 27,447
Beginning balance $ 1,722,419 $ 2,421,908 $ 2,074,674 $ 2,744,656
Net transfers of shares between between Class B-1 and Class B-2 Stock, shares (8,449) (7,263) (17,368) (15,638)
Net transfers of shares between Class B-1 and Class B-2 Stock, value $ (844,905) $ (726,304) $ (1,736,842) $ (1,563,789)
Proceeds from sale of capital stock, shares 9,802 9,152 15,198 14,299
Proceeds from sale of capital stock $ 980,202 $ 915,170 $ 1,519,884 $ 1,429,907
Repurchase/redemption of capital stock, shares 0 0 0 0
Repurchase/redemption of capital stock $ 0 $ 0 $ 0 $ 0
Shares reclassified to mandatorily redeemable capital stock, shares   0 0 0
Shares reclassified to mandatorily redeemable capital stock   $ 0 $ 0 $ 0
Dividends on capital stock        
Stock, shares 0 0 0 0
Stock $ 0 $ 0 $ 0 $ 0
Ending balance, shares 18,577 26,108 18,577 26,108
Ending balance $ 1,857,716 $ 2,610,774 $ 1,857,716 $ 2,610,774
Parent | Capital Stock - Class B-1 - Membership/Excess        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance, shares 10,303 12,156 12,637 14,234
Beginning balance $ 1,030,321 $ 1,215,636 $ 1,263,685 $ 1,423,387
Net transfers of shares between between Class B-1 and Class B-2 Stock, shares 8,449 7,263 17,368 15,638
Net transfers of shares between Class B-1 and Class B-2 Stock, value $ 844,905 $ 726,304 $ 1,736,842 $ 1,563,789
Proceeds from sale of capital stock, shares 48 55 48 55
Proceeds from sale of capital stock $ 4,767 $ 5,349 $ 4,799 $ 5,497
Repurchase/redemption of capital stock, shares (6,387) (7,551) (15,451) (18,468)
Repurchase/redemption of capital stock $ (638,756) $ (755,115) $ (1,545,122) $ (1,846,827)
Shares reclassified to mandatorily redeemable capital stock, shares   (17) (2,573) (135)
Shares reclassified to mandatorily redeemable capital stock   $ (1,696) $ (257,373) $ (13,521)
Dividends on capital stock        
Stock, shares 335 491 719 1,073
Stock $ 33,545 $ 49,195 $ 71,951 $ 107,348
Ending balance, shares 12,748 12,397 12,748 12,397
Ending balance $ 1,274,782 $ 1,239,673 $ 1,274,782 $ 1,239,673
[1]
(a) Dividends were paid at annualized rates of 4.09 percent and 5.09 percent on Class B-1 Stock and Class B-2 Stock, respectively, in the first quarter of 2026 and at annualized rates of 3.76 percent and 4.76 percent on Class B-1 Stock and Class B-2 Stock, respectively, in the second quarter of 2026.
[2]
(b) Dividends were paid at annualized rates of 4.78 percent and 5.78 percent on Class B-1 Stock and Class B-2 Stock, respectively, in the first quarter of 2025 and at annualized rates of 4.43 percent and 5.43 percent on Class B-1 Stock and Class B-2 Stock, respectively, in the second quarter of 2025.