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Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest Income:    
Advances $ 279 $ 498
Interest-bearing deposits 12 14
Securities purchased under agreements to resell 18 45
Federal funds sold 14 41
Trading securities 16 4
AFS securities 51 79
HTM securities 44 79
Mortgage loans held for portfolio (1) 26
Total Interest Income 433 786
Interest Expense:    
Bonds 276 455
Discount notes 104 181
Deposits 2 2
Mandatorily redeemable capital stock [1] 2 4
Total Interest Expense 384 642
Net Interest Income 49 144
Provision for/(reversal of) credit loss 39 0
Net Interest Income After Provision for/(Reversal of) Credit Losses 10 144
Other Income/(Loss):    
Net gain/(loss) on trading securities 73 (1)
Net gain/(loss) on advances and net (gain)/loss on consolidated obligation bonds from changes in fair value recognized in earnings 89 39
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net (147) (28)
Other, net 3 5
Total Other Income/(Loss) 18 15
Other Expense:    
Compensation and benefits 21 20
Other operating expense 12 13
Federal Housing Finance Agency 2 2
Office of Finance 1 2
Quality Jobs Fund expense 0 5
Other, net 0 1
Total Other Expense 36 43
Income/(Loss) Before Assessment (8) 116
AHP Assessment 0 12
Net Income/(Loss) $ (8) $ 104
[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