v3.26.1
Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 245,378 $ 299,620
Depreciation and amortization    
Net premiums and discounts on advances, consolidated obligations, investments and mortgage loans (84,792) (101,254)
Concessions on consolidated obligations 3,370 2,413
Premises, equipment and computer software costs 1,580 1,418
Non-cash interest on mandatorily redeemable capital stock 1,541 132
Provision for credit losses 962 3,790
Net gains on other assets carried at fair value (1,879) (1,152)
Net losses (gains) on trading securities 14,813 (16,209)
Net change in derivative and hedging activities 15,008 (366,106)
Decrease in accrued interest receivable 27,462 40,015
Decrease (increase) in other assets 1,465 (22,967)
Increase (decrease) in Affordable Housing Program (AHP) liability (3,819) 14,132
Increase (decrease) in accrued interest payable 72,769 (31,242)
Decrease in other liabilities (4,128) (4,009)
Total adjustments 44,352 (481,039)
Net cash provided by (used in) operating activities 289,730 (181,419)
INVESTING ACTIVITIES    
Net increase in interest-bearing deposits, including swap collateral pledged (656,023) (16,128)
Net decrease in securities purchased under agreements to resell 3,200,000 11,100,000
Net increase in federal funds sold (3,715,000) (2,415,000)
Purchases of trading securities (7,088,418) (484,988)
Proceeds from maturities of trading securities 3,600,000 0
Proceeds from sales of trading securities 2,245,357 650,585
Purchases of available-for-sale securities (821,174) 0
Principal collected on available-for-sale securities 1,408,051 1,030,566
Purchases of held-to-maturity securities 0 (966,868)
Principal collected on held-to-maturity securities 126,498 52,738
Net decrease in advances 3,279,325 3,929,687
Purchases of mortgage loans held for portfolio (758,020) (645,852)
Principal collected on mortgage loans held for portfolio 392,736 241,853
Purchases of premises, equipment and computer software (4,451) (2,999)
Net cash provided by investing activities 1,208,881 12,473,594
FINANCING ACTIVITIES    
Net increase in deposit liabilities, including swap collateral held 739,320 77,757
Net receipts (payments) on derivative contracts with financing elements 6,082 (4,786)
Net proceeds from issuance of consolidated obligations    
Discount notes 61,472,051 52,189,190
Bonds 36,897,640 51,686,390
Debt issuance costs (3,034) (2,511)
Payments for maturing and retiring consolidated obligations    
Discount notes (61,583,251) (48,774,212)
Bonds (38,852,900) (67,040,480)
Proceeds from issuance of capital stock 1,524,683 1,435,404
Proceeds from issuance of mandatorily redeemable capital stock 206 0
Payments for redemption of mandatorily redeemable capital stock (185,859) (12,279)
Payments for repurchase/redemption of capital stock (1,545,122) (1,846,827)
Cash dividends paid (128) (131)
Net cash used in financing activities (1,530,312) (12,292,485)
Net decrease in cash and cash equivalents (31,701) (310)
Cash and cash equivalents at beginning of the period 39,430 14,945
Cash and cash equivalents at end of the period 7,729 14,635
Supplemental Disclosures:    
Interest paid 1,814,024 2,473,848
AHP payments, net 32,222 20,587
Stock dividends issued 71,951 107,348
Dividends paid through issuance of mandatorily redeemable capital stock 4,003 155
Net capital stock reclassified to mandatorily redeemable capital stock 257,373 13,521
Right-of-use assets acquired by lease $ 0 $ 113