Segment Information and Concentration (Tables)

9 Months Ended

Sep. 30, 2026

Risks and Uncertainties [Abstract]

Schedules of Concentration of Risk

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.