Consolidated Obligations (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Maturities of Long-term Debt

The following is a summary of the Bank’s participation in consolidated obligation bonds at March 31, 2020, and December 31, 2019.



	March 31, 2020					December 31, 2019
Contractual Maturity	Amount Outstanding			Weighted Average Interest Rate		Amount Outstanding			Weighted Average Interest Rate
Within 1 year	$	62,453		0.51	%	$	53,549		1.68	%
After 1 year through 2 years	11,690			0.46		13,853			1.67
After 2 years through 3 years	596			1.84		770			1.93
After 3 years through 4 years	165			2.14		135			2.74
After 4 years through 5 years	812			1.82		937			2.08
After 5 years	2,191			2.71		2,126			2.94
Total par value	77,907			0.59	%	71,370			1.73	%
Unamortized premiums	3					1
Unamortized discounts	(9		)			(10		)
Valuation adjustments for hedging activities	32					9
Fair value option valuation adjustments	4					2
Total	$	77,937				$	71,372

Schedule of Long-term Debt by Call Feature

The Bank’s participation in consolidated obligation bonds at March 31, 2020, and December 31, 2019, was as follows:



	March 31, 2020		December 31, 2019
Par value of consolidated obligation bonds:
Non-callable	$	73,832	$	65,025
Callable	4,075		6,345
Total par value	$	77,907	$	71,370

Schedule of Maturities of Long-term Debt by Contractual or Next Call Date

The following is a summary of the Bank’s participation in consolidated obligation bonds outstanding at March 31, 2020, and December 31, 2019, by the earlier of the year of contractual maturity or next call date.



Earlier of Contractual Maturity or Next Call Date	March 31, 2020		December 31, 2019
Within 1 year	$	65,778	$	58,239
After 1 year through 2 years	11,620		12,768
After 2 years through 3 years	381		195
After 3 years through 4 years	40		70
After 4 years through 5 years	37		47
After 5 years	51		51
Total par value	$	77,907	$	71,370

Schedule of Short-term Debt

The Bank’s participation in consolidated obligation discount notes, all of which are due within one year, was as follows:



	March 31, 2020					December 31, 2019
	Amount Outstanding			Weighted Average Interest Rate ⁽¹⁾		Amount Outstanding			Weighted Average Interest Rate ⁽¹⁾
Par value	$	39,155		0.84	%	$	27,447		1.61	%
Unamortized discounts	(53		)			(71		)
Total	$	39,102				$	27,376

Schedule of Interest Rate Payment Terms for Debt

Interest rate payment terms for consolidated obligations at March 31, 2020, and December 31, 2019, are detailed in the following table. For information on the general terms and types of consolidated obligations outstanding, see “Item 8. Financial Statements and Supplementary Data – Note 12 – Consolidated Obligations” in the Bank’s 2019 Form 10-K.



	March 31, 2020		December 31, 2019
Par value of consolidated obligations:
Bonds:
Fixed rate	$	7,623	$	10,993
Adjustable rate	70,099		60,117
Step-up	60		60
Step-down	25		100
Range bonds	100		100
Total bonds, par value	77,907		71,370
Discount notes, par value	39,155		27,447
Total consolidated obligations, par value	$	117,062	$	98,817