v3.26.3
Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest income        
Advances, net (Note 9) $ 1,279,638 $ 1,200,721 $ 3,491,309 $ 3,667,872
Interest-bearing deposits (Note 4) 37,384 36,003 101,629 107,880
Securities purchased under agreements to resell (Note 4) 115,468 81,743 311,276 186,842
Federal funds sold (Note 4) 166,922 199,571 439,705 637,534
Trading securities (Note 5) 74,960 55,943 226,070 180,909
Available-for-sale securities (Note 7) 139,982 136,618 403,402 387,743
Held-to-maturity securities (Note 8) 118,259 114,237 337,241 326,557
Mortgage loans held-for-portfolio (Note 10) 30,790 25,322 86,266 71,864
Loans to other FHLBanks (Note 20) 428 90 700 367
Total interest income 1,963,831 1,850,248 5,397,598 5,567,568
Interest expense        
Consolidated obligation bonds (Note 12) 950,094 941,727 2,171,636 2,855,332
Consolidated obligation discount notes (Note 12) 779,538 665,694 2,518,835 1,984,161
Deposits (Note 11) 19,262 29,623 60,919 84,439
Mandatorily redeemable capital stock (Note 14) 118 168 391 414
Cash collateral held and other borrowings 267 1,063 694 1,707
Securities sold under agreement to repurchase 27 0 27 12
Total interest expense 1,749,306 1,638,275 4,752,502 4,926,065
Net interest income before provision for credit losses 214,525 211,973 645,096 641,503
Provision (Reversal) for credit losses 675 (288) 1,267 (148)
Net interest income after provision for credit losses 213,850 212,261 643,829 641,651
Other income (loss)        
Service fees and other 6,457 5,325 19,215 16,345
Instruments held under the fair value option gains (losses) (Note 18) (4,361) (12,592) (7,026) (40,753)
Derivative gains (losses) (Note 17) 60,293 10,380 149,457 (27,605)
Securities gains (losses) (Note 5 & Note 8) (32,170) 23,561 (91,871) 113,252
Equity investments gains (losses) (Note 6) (2,830) 5,267 3,954 10,784
Litigation settlement 0 7 751 7
Gains (losses) from extinguishment of debt 0 0 (1) 0
Total other income (loss) 27,389 31,948 74,479 72,030
Other expenses        
Operating 21,868 22,905 69,597 66,039
Compensation and benefits 29,102 29,404 91,779 89,872
Voluntary Contributions (Note 13) 7,684 6,306 18,426 13,624
Finance Agency and Office of Finance 5,236 6,083 15,477 17,515
Other expenses 2,221 2,003 6,534 6,073
Total other expenses 66,111 66,701 201,813 193,123
Income before assessments 175,128 177,508 516,495 520,558
Affordable Housing Program Assessments (Note 13) 17,525 17,767 51,689 52,097
Net income $ 157,603 $ 159,741 $ 464,806 $ 468,461
Basic earnings per share (in dollars per share) $ 2.26 $ 2.77 $ 7.18 $ 7.94