v3.26.3
Segment Information and Concentration
 9 Months Ended
Sep. 30, 2026
Risks and Uncertainties [Abstract]  
Segment Information and Concentration Note 21.    Segment Information and Concentration.
The Bank engages in business activities to provide funding, liquidity, and services to members. The Bank manages these
operations as one operating segment. For the three and nine months ended September 30, 2026, we earned interest income from
one member which accounted for 10% or more of the Bank's total revenue for the respective periods.
The top ten advance holders and associated interest income for the periods then ended are summarized as follows (dollars in
thousands):
September 30, 2026
Three Months
Nine Months
City
State
Par
Advances
Percentage
of Total Par
Value
of Advances
Interest 
Income
Percentage
 (a)
Interest
Income
Percentage
 (a)
Citibank, N.A.
New York
NY
$30,000,000
24.90
%
$308,253
33.14
%
$570,185
23.53
%
MetLife, Inc.:
Metropolitan Life Insurance Company
New York
NY
12,835,000
10.65
118,731
12.76
333,342
13.76
Metropolitan Tower Life Insurance
Company
Whippany
NJ
1,380,000
1.15
12,941
1.39
37,968
1.57
Subtotal MetLife, Inc.
14,215,000
11.80
131,672
14.15
371,310
15.33
Teachers Ins. and Annuity Assoc of America
New York
NY
11,521,200
9.56
134,205
14.43
374,977
15.48
Flagstar Bank, N.A.
Hicksville
NY
8,500,000
7.06
82,471
8.87
251,097
10.37
Equitable Financial Life Insurance Co.
New York
NY
6,865,063
5.70
72,493
7.79
200,465
8.27
Manufacturers and Traders Trust Company
Buffalo
NY
6,300,130
5.23
46,518
5.00
172,125
7.11
New York Life Insurance Company
New York
NY
4,788,000
3.97
50,052
5.38
146,605
6.05
Guardian Life Insurance Co. of America
New York
NY
3,714,110
3.08
38,436
4.13
109,853
4.54
Goldman Sachs Bank USA
New York
NY
3,500,000
2.91
42,147
4.53
150,380
6.21
ESL Federal Credit Union
Rochester
NY
2,676,205
2.22
24,042
2.58
75,276
3.11
Total
$92,079,708
76.43
%
$930,289
100.00
%
$2,422,273
100.00
%
(a)Interest income percentage is the member’s interest income from advances as a percentage of the top 10 members.
December 31, 2025
Twelve Months
City
State
Par Advances
Percentage of
Total Par Value
of Advances
Interest 
Income
Percentage
 (a)
MetLife, Inc.:
Metropolitan Life Insurance Company
New York
NY
$12,835,000
13.88
%
$472,618
15.72
%
Metropolitan Tower Life Insurance Company
Whippany
NJ
1,380,000
1.49
53,636
1.78
Subtotal MetLife, Inc.
14,215,000
15.37
526,254
17.50
Flagstar Bank, N.A.
Hicksville
NY
9,750,000
10.54
525,013
17.47
Citibank, N.A.
New York
NY
9,000,000
9.73
627,210
20.86
Teachers Ins. & Annuity Assoc of America
New York
NY
7,228,900
7.82
330,216
10.98
Equitable Financial Life Insurance Co.
New York
NY
6,865,063
7.42
283,217
9.42
Goldman Sachs Bank USA
New York
NY
5,500,000
5.95
225,157
7.49
New York Life Insurance Company
New York
NY
4,588,000
4.96
166,103
5.53
Guardian Life Insurance Co. of America
New York
NY
3,212,279
3.47
128,077
4.26
Prudential Insurance Company of America
Newark
NJ
2,619,250
2.83
83,396
2.77
Valley National Bank
Morristown
NJ
2,463,604
2.66
111,650
3.71
Total
$65,442,096
70.75
%
$3,006,293
100.00
%
(a)Interest income percentage is the member’s interest income from advances as a percentage of the top 10 members.
September 30, 2025
Three Months
Nine Months
City
State
Par
Advances
Percentage
of Total Par
Value
of Advances
Interest 
Income
Percentage
 (a)
Interest 
Income
Percentage
 (a)
MetLife, Inc.:
Metropolitan Life Insurance Company
New York
NY
$12,835,000
13.31
%
$121,581
15.76
%
$356,719
15.33
%
Metropolitan Tower Life Insurance
Company
Whippany
NJ
1,380,000
1.43
13,851
1.80
39,995
1.72
Subtotal MetLife, Inc.
14,215,000
14.74
135,432
17.56
396,714
17.05
Citibank, N.A.
New York
NY
12,000,000
12.45
167,249
21.68
514,552
22.11
Flagstar Bank, N.A.
Hicksville
NY
10,750,000
11.15
129,550
16.79
408,530
17.55
Equitable Financial Life Insurance Co.
New York
NY
6,865,063
7.12
73,383
9.51
217,384
9.34
Teachers Ins. & Annuity Assoc of America
New York
NY
6,846,100
7.10
82,220
10.66
252,662
10.86
Goldman Sachs Bank USA
New York
NY
5,000,000
5.19
58,488
7.58
173,957
7.47
New York Life Insurance Company
New York
NY
3,988,000
4.14
40,898
5.30
123,178
5.29
Guardian Life Insurance Co. of America
Buffalo
NY
3,200,094
3.32
35,533
4.61
94,035
4.04
Prudential Insurance Company of America
Newark
NJ
2,619,250
2.72
21,020
2.72
62,376
2.68
Valley National Bank
Morristown
NJ
2,463,604
2.56
27,785
3.60
84,082
3.61
Total
$67,947,111
70.48
%
$771,558
100.00
%
$2,327,470
100.00
%
(a)Interest income percentage is the member’s interest income from advances as a percentage of the top 10 members.