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Advances (Tables)
 3 Months Ended
Mar. 31, 2020
Federal Home Loan Banks [Abstract]  
Federal Home Loan Bank, Advances The Bank had advances outstanding, excluding overdrawn demand deposit accounts, at interest rates ranging from 0.13% to 8.57% at March 31, 2020, and 1.15% to 8.57% at December 31, 2019, as summarized below.
 
March 31, 2020
 
December 31, 2019
Redemption Term
Amount
Outstanding(1)

 
Weighted
Average
Interest Rate

 
Amount
Outstanding(1)

 
Weighted
Average
Interest Rate

Within 1 year
$
37,311

 
1.04
%
 
$
32,351

 
1.91
%
After 1 year through 2 years
26,281

 
1.65

 
22,380

 
2.15

After 2 years through 3 years
3,784

 
2.12

 
4,847

 
2.08

After 3 years through 4 years
3,520

 
2.67

 
2,909

 
2.97

After 4 years through 5 years
4,308

 
1.43

 
1,461

 
2.32

After 5 years
1,684

 
2.40

 
1,140

 
2.96

Total par value
76,888

 
1.43
%
 
65,088

 
2.08
%
Valuation adjustments for hedging activities
812

 
 
 
203

 
 
Valuation adjustments under fair value option
172

 
 
 
83

 
 
Total
$
77,872

 
 
 
$
65,374

 
 

The following table summarizes advances at March 31, 2020, and December 31, 2019, by the earlier of the year of redemption term or next call date for callable advances and by the earlier of the year of redemption term or next put date for putable advances.
 
Earlier of Redemption
Term or Next Call Date
 
Earlier of Redemption
Term or Next Put Date
 
March 31, 2020

 
December 31, 2019

 
March 31, 2020

 
December 31, 2019

Within 1 year
$
43,383

 
$
39,075

 
$
37,531

 
$
32,371

After 1 year through 2 years
20,231

 
15,731

 
26,281

 
22,380

After 2 years through 3 years
3,782

 
4,800

 
3,784

 
4,847

After 3 years through 4 years
3,520

 
2,895

 
3,520

 
2,909

After 4 years through 5 years
4,288

 
1,447

 
4,308

 
1,461

After 5 years
1,684

 
1,140

 
1,464

 
1,120

Total par value
$
76,888

 
$
65,088

 
$
76,888

 
$
65,088


The following tables present the concentration in advances to the top five borrowers and their affiliates at March 31, 2020 and 2019. The tables also present the interest income from these advances before the impact of interest rate exchange agreements associated with these advances for the three months ended March 31, 2020 and 2019.
 
March 31, 2020
 
Three Months Ended
March 31, 2020
Name of Borrower
Advances
Outstanding

 
Percentage of
Total
Advances
Outstanding

 
Interest
Income from
Advances(1)

 
Percentage of
Total Interest
Income from
Advances

First Republic Bank
$
16,250


21
%
 
$
70


22
%
MUFG Union Bank, National Association
10,900


14

 
62


19

Wells Fargo & Company
 

 
 
 

 
Wells Fargo Financial National Bank West(2)
9,000


12

 
35


11

Wells Fargo Bank, National Association(3)
36


—

 
1


—

Subtotal Wells Fargo & Company
9,036


12

 
36


11

Bank of the West
8,206


11

 
21


7

JPMorgan Chase Bank, National Association(3)
3,053

 
4

 
25

 
8

     Subtotal
47,445


62

 
214

 
67

Others
29,443


38

 
105


33

Total par value
$
76,888


100
%
 
$
319

 
100
%
 
March 31, 2019
 
Three Months Ended
March 31, 2019
Name of Borrower
Advances
Outstanding

 
Percentage of
Total
Advances
Outstanding

 
Interest
Income from
Advances(1)

 
Percentage of
Total Interest
Income from
Advances

MUFG Union Bank, National Association
$
14,550

 
21
%
 
$
103

 
22
%
JPMorgan Chase Bank, National Association(3)
8,358

 
12

 
60

 
13

Wells Fargo & Company


 


 


 


Wells Fargo Financial National Bank(2)
8,000

 
11

 
47

 
10

Wells Fargo Bank, National Association(3)
45

 
—

 
1

 
—

     Subtotal Wells Fargo & Company
8,045

 
11

 
48

 
10

First Republic Bank
8,000

 
11

 
49

 
10

Bank of the West
6,807

 
10

 
43

 
9

     Subtotal
45,760

 
65

 
303

 
64

Others
24,415

 
35

 
174

 
36

Total par value
$
70,175

 
100
%
 
$
477

 
100
%

(1)
Interest income amounts exclude the interest effect of interest rate exchange agreements with derivative counterparties; as a result, the total interest income amounts will not agree to the Statements of Income. The amount of interest income from advances can vary depending on the amount outstanding, terms to maturity, interest rates, and repricing characteristics.
(2)
Effective April 15, 2019, Wells Fargo Financial National Bank was renamed Wells Fargo Financial National Bank West.
(3)
Nonmember institution.
Interest rate payment terms for advances at March 31, 2020, and December 31, 2019, are detailed below:
  
March 31, 2020

 
December 31, 2019

Par value of advances:
 
 
 
Fixed rate:
 
 
 
Due within 1 year
$
21,846

 
$
15,327

Due after 1 year
28,277

 
21,337

Total fixed rate
50,123

 
36,664

Adjustable rate:
 
 
 
Due within 1 year
15,465

 
17,024

Due after 1 year
11,300

 
11,400

Total adjustable rate
26,765

 
28,424

Total par value
$
76,888

 
$
65,088