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Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest Income:      
Advances $ 1,677 $ 1,563 $ 875
Interest-bearing deposits 51 35 8
Securities purchased under agreements to resell 174 106 9
Federal funds sold 114 160 115
Trading securities 15 16 17
AFS securities 394 247 239
HTM securities 270 335 285
Mortgage loans held for portfolio 87 98 52
Total Interest Income 2,782 2,560 1,600
Interest Expense:      
Bonds 1,631 1,393 713
Discount notes 599 537 285
Deposits 7 5 3
Mandatorily redeemable capital stock [1] 14 24 32
Total Interest Expense 2,251 1,959 1,033
Net Interest Income 531 601 567
Provision for/(reversal of) credit losses on mortgage loans 0 0 0
Net Interest Income After Mortgage Loan Loss Provision 531 601 567
Other Income/(Loss):      
Total other-than-temporary impairment (OTTI) loss (14) (23) (10)
Net amount of OTTI loss reclassified to/(from) AOCI 3 12 (6)
Net OTTI loss, credit-related (11) (11) (16)
Net gain/(loss) on trading securities (2) (2) 0
Net gain/(loss) on advances and net (gain)/loss on consolidated obligation bonds from changes in fair value recognized in earnings 101 (21) (31)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net (92) 5 (14)
Gains on litigation settlements, net 0 0 119
Other 25 18 20
Total Other Income/(Loss) 21 (11) 78
Other Expense:      
Compensation and benefits 84 78 76
Other operating expense 73 67 70
Federal Housing Finance Agency 7 6 6
Office of Finance 6 6 5
Quality Jobs Fund expense 15 25 60
Other, net 2 5 7
Total Other Expense 187 187 224
Income/(Loss) Before Assessment 365 403 421
AHP Assessment 38 43 45
Net Income/(Loss) $ 327 $ 360 $ 376
[1] The Bank excludes interest expense on mandatorily redeemable capital stock from adjusted net interest income in its analysis of financial performance for its two operating segments