v3.26.3
Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities    
Net Income $ 464,806 $ 468,461
Depreciation and amortization:    
Net premiums and discounts on Consolidated obligations, investments, mortgage loans and other adjustments 1,479,453 (628,620)
Concessions on Consolidated obligations 3,218 2,286
Premises, software, and equipment 14,551 12,675
Provision (Reversal) for credit losses 1,267 (148)
Change in net fair value adjustments on derivatives and hedging activities 864,606 (601,427)
Net realized and unrealized (gains) losses on trading securities 91,871 (113,252)
Change in fair value on Equity Investments (1,811) (8,248)
Change in fair value adjustments on financial instruments held at fair value 7,026 40,753
Losses (gains) from extinguishment of debt 1 0
Net change in:    
Accrued interest receivable (138,668) 32,237
Derivative assets due to accrued interest 348,139 580,468
Derivative liabilities due to accrued interest (369,377) (654,567)
Other assets 8,293 16,612
Affordable Housing Program liability 8,223 (1,147)
Accrued interest payable 127,674 21,913
Other liabilities (2,294) 4,850
Total adjustments 2,442,172 (1,295,615)
Net cash provided by (used in) operating activities 2,906,978 (827,154)
Net change in:    
Interest-bearing deposits (750,420) 50,880
Securities purchased under agreements to resell 2,995,000 (2,250,000)
Federal funds sold (2,275,000) (50,000)
Deposits with other FHLBanks (841) 145
Equity Investments 469 261
Premises, software, and equipment (7,118) (13,355)
Trading securities:    
Purchased (3,538,217) (3,416,900)
Proceeds from sales 1,392,932 3,484,640
Available-for-sale securities:    
Purchased (1,360,975) (1,620,049)
Repayments 346,744 283,805
Held-to-maturity securities:    
Purchased (4,867,051) (1,559,004)
Repayments 1,315,448 1,313,168
Proceeds from sales 0 25,999
Advances:    
Principal collected 927,197,624 607,162,417
Made (955,200,506) (597,019,813)
Mortgage loans held-for-portfolio:    
Principal collected 208,253 149,107
Purchased (490,133) (367,042)
Proceeds from sales of REO 316 587
Net cash provided by (used in) investing activities (35,033,475) 6,174,846
Net change in:    
Deposits and other borrowings (1,129,812) 555,642
Derivative contracts with financing element 683 1,817
Payments on principal portion of finance lease obligation (349) (339)
Consolidated obligation bonds:    
Proceeds from issuance 96,637,271 58,471,878
Payments for maturing and early retirement (59,114,839) (57,203,341)
Payments on bond transferred to other FHLBanks [1] (749,988) 0
Consolidated obligation discount notes:    
Proceeds from issuance 582,017,692 703,358,797
Payments for maturing (585,502,997) (709,731,341)
Payments on discount notes transferred to other FHLBanks [1] (985,772) 0
Capital stock:    
Proceeds from issuance of capital stock 11,299,031 4,004,541
Payments for repurchase/redemption of capital stock (9,965,396) (4,429,214)
Redemption of mandatorily redeemable capital stock (18,936) (3,029)
Cash dividends paid [2] (322,034) (369,004)
Net cash provided by (used in) financing activities 32,164,554 (5,343,593)
Net increase (decrease) in cash and due from banks 38,057 4,099
Cash and due from banks at beginning of the period [3] 38,192 26,141
Cash and due from banks at end of the period [3] 76,249 30,240
Supplemental disclosures:    
Interest paid 2,644,352 3,583,244
Interest paid for discount notes [4] 2,784,984 2,503,027
Affordable Housing Program payments [5] 45,911 53,244
Transfers of mortgage loans to real estate owned 204 55
Capital stock subject to mandatory redemption reclassified from equity 19,027 7,710
Interest paid for finance lease 32 42
Carrying Value of Trading securities pledged collateral which can be repledged or resold 839,285 838,266
Carrying Value of AFS securities pledged collateral which can be repledged or resold 0 0
Carrying Value of HTM securities pledged collateral which can be repledged or resold $ 0 $ 0
[1] For more information about bonds and discount notes transferred to other FHLBanks and other related party transactions, See
Note 20. Related Party Transactions.
[2] Does not include payments to holders of mandatorily redeemable capital stock. Such payments are considered as interest expense
and reported within operating cash flows.
[3] Cash and due from Banks includes pass-thru reserves at the Federal Reserve Bank of New York. See Note 3. Cash and Due from
Banks for further information. Interest-bearing deposits are considered investments and are not included in cash or cash
equivalent.
[4] Interest paid for discount notes is the portion of the cash payments at settlement of zero-coupon Consolidated obligation discount
notes.
[5] AHP payments equals beginning accrual minus ending accrual plus AHP assessment for the period; payments represent funds released to the Affordable Housing Program.