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Mortgage Loans Held for Portfolio
 12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Mortgage Loans Held for Portfolio Mortgage Loans Held for Portfolio
The following table presents information as of December 31, 2019 and 2018, on mortgage loans, all of which are secured by one- to four-unit residential properties and single-unit second homes.
  
2019

 
2018

Fixed rate medium-term mortgage loans
$
27

 
$
16

Fixed rate long-term mortgage loans
3,199

 
2,951

Subtotal
3,226

 
2,967

Unamortized premiums
91

 
104

Unamortized discounts
(3
)
 
(5
)
Mortgage loans held for portfolio
3,314

 
3,066

Less: Allowance for credit losses
—

 
—

Total mortgage loans held for portfolio, net
$
3,314

 
$
3,066


Medium-term loans have original contractual terms of 15 years or less, and long-term loans have contractual terms of more than 15 years.
For more information related to the Bank’s accounting policies for the MPF Program, see Note 1 – Summary of Significant Accounting Policies. For information related to the Bank’s credit risk on mortgage loans and allowance methodology for credit losses, see Note 10 – Allowance for Credit Losses.