Consolidated Obligations (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Debt Disclosure [Abstract] |
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| Schedule of Maturities of Long-term Debt |
The following is a summary of the Bank’s participation in consolidated obligation bonds. | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | September 30, 2026 | | December 31, 2025 | | Contractual Maturity | Amount
Outstanding | | Weighted
Average
Interest Rate | | Amount
Outstanding | | Weighted
Average
Interest Rate | | Within 1 year | $ | 30,761 | | | 3.80 | % | | $ | 32,836 | | | 3.43 | % | | After 1 year through 2 years | 3,799 | | | 3.60 | | | 8,580 | | | 3.58 | | | After 2 years through 3 years | 918 | | | 3.83 | | | 1,648 | | | 3.45 | | | After 3 years through 4 years | 1,584 | | | 4.28 | | | 2,266 | | | 4.25 | | | After 4 years through 5 years | 1,693 | | | 3.98 | | | 1,201 | | | 4.24 | | | After 5 years | 587 | | | 3.06 | | | 822 | | | 2.88 | | | Total par value | 39,342 | | | 3.80 | % | | 47,353 | | | 3.51 | % | | | | | | | | | | Unamortized discounts | (2) | | | | | (1) | | | | | Valuation adjustments for hedging activities | (198) | | | | | (95) | | | | | Fair value option valuation adjustments | — | | | | | (3) | | | | | Total | $ | 39,142 | | | | | $ | 47,254 | | | |
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| Schedule of Long-term Debt by Call Feature |
The Bank’s participation in consolidated obligation bonds by call features was as follows: | | | | | | | | | | | | | (In millions) | September 30, 2026 | | December 31, 2025 | | Par value of consolidated obligation bonds: | | | | | Non-callable | $ | 29,138 | | | $ | 30,482 | | | Callable | 10,204 | | | 16,871 | | | Total par value | $ | 39,342 | | | $ | 47,353 | |
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| Schedule of Maturities of Long-term Debt by Contractual or Next Call Date |
The following is a summary of the Bank’s participation in consolidated obligation bonds outstanding, by the earlier of the year of contractual maturity or next call date. | | | | | | | | | | | | | (In millions) | | | | Earlier of Contractual
Maturity or Next Call Date | September 30, 2026 | | December 31, 2025 | | Within 1 year | $ | 35,702 | | | $ | 40,191 | | | After 1 year through 2 years | 3,263 | | | 6,774 | | | After 2 years through 3 years | 335 | | | 336 | | | After 3 years through 4 years | 15 | | | 25 | | | | | | | After 5 years | 27 | | | 27 | | | Total par value | $ | 39,342 | | | $ | 47,353 | |
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| Schedule of Short-term Debt |
The Bank’s participation in consolidated obligation discount notes, all of which are due within one year, was as follows: | | | | | | | | | | | | | | | | | | (Dollars in millions) | Carrying Value | | Par Value | | Weighted-Average Interest Rate(1) | | September 30, 2026 | $ | 18,391 | | | $ | 18,447 | | | 3.73 | % | | December 31, 2025 | 17,074 | | | 17,161 | | | 3.71 | % | | | | | | | | | | | | |
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| Schedule of Interest Rate Payment Terms for Debt |
Interest rate payment terms for consolidated obligation bonds are detailed in the following table. | | | | | | | | | | | | | (In millions) | September 30, 2026 | | December 31, 2025 | | | | | Par value of consolidated obligation bonds: | | | | | Fixed rate | $ | 12,814 | | | $ | 21,722 | | | Adjustable rate | 26,448 | | | 25,271 | | | Step-up | 80 | | | 360 | | | | | | | | | | | | | | Total consolidated obligation bonds, par value | $ | 39,342 | | | $ | 47,353 | | | | | | | | | |
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