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Fair Value (Carrying Value and Fair Value of Financial Instruments) (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Assets        
Cash and due from banks $ 328 $ 118    
Trading securities 4,319 1,766    
Available-for-sale (AFS) securities [1] 16,175 15,495    
HTM securities, Carrying Value [2] 6,864 7,545    
HTM Securities, Fair Value 6,867 7,566    
Accrued interest receivable 139 139    
Derivative assets, net 62 33    
Derivative Assets 45 44    
Derivative Asset, Netting adjustments [3] (17) 11    
Liabilities        
Mandatorily redeemable capital stock 83 138 $ 227 $ 227
Accrued interest payable 121 164    
Derivative liabilities, net 0 0    
Derivative Liabilities 1,055 384    
Derivative Liability, Netting adjustments [3] (1,055) (384)    
Net Carrying Value        
Assets        
Cash and due from banks 328 118    
Interest-bearing deposits 3,577 2,269    
Securities purchased under agreements to resell 2,000 7,000    
Federal funds sold 10,081 3,562    
Trading securities 4,319 1,766    
Available-for-sale (AFS) securities 16,175 15,495    
HTM securities, Carrying Value 6,864 7,545    
Advances 77,872 65,374    
Mortgage loans held for portfolio, net of allowance for credit losses on mortgage loans 3,239 3,314    
Accrued interest receivable 139 139    
Derivative assets, net [4] 62 33    
Other assets [5] 16 19    
Liabilities        
Deposits 721 537    
Total consolidated obligations 117,039 98,748    
Mandatorily redeemable capital stock 83 138    
Accrued interest payable 121 164    
Derivative liabilities, net [4] 0 0    
Estimated Fair Value        
Assets        
Cash and due from banks 328 118    
Interest-bearing deposits 3,577 2,269    
Securities purchased under agreements to resell 2,000 7,000    
Federal funds sold 10,081 3,562    
Trading securities 4,319 1,766    
Available-for-sale (AFS) securities 16,175 15,495    
HTM Securities, Fair Value 6,867 7,566    
Advances 77,951 65,492    
Mortgage loans held for portfolio, net of allowance for credit losses on mortgage loans 3,320 3,332    
Accrued interest receivable 139 139    
Derivative assets, net [4] 62 33    
Other assets [5] 16 19    
Liabilities        
Deposits 721 537    
Total consolidated obligations 117,138 98,764    
Mandatorily redeemable capital stock 83 138    
Accrued interest payable 121 164    
Derivative liabilities, net [4] 0 0    
Level 1        
Assets        
Cash and due from banks 328 118    
Interest-bearing deposits 3,577 2,269    
Securities purchased under agreements to resell 0 0    
Federal funds sold 0 0    
Trading securities 0 0    
Available-for-sale (AFS) securities 0 0    
HTM Securities, Fair Value 0 0    
Advances 0 0    
Mortgage loans held for portfolio, net of allowance for credit losses on mortgage loans 0 0    
Accrued interest receivable 0 0    
Derivative Assets 0 0 [4]    
Other assets [5] 16 19    
Liabilities        
Deposits 0 0    
Total consolidated obligations 0 0    
Mandatorily redeemable capital stock 83 138    
Accrued interest payable 0 0    
Derivative Liabilities 0 [4]    
Level 2        
Assets        
Cash and due from banks 0 0    
Interest-bearing deposits 0 0    
Securities purchased under agreements to resell 2,000 7,000    
Federal funds sold 10,081 3,562    
Trading securities 4,319 1,766    
Available-for-sale (AFS) securities 13,949 12,898    
HTM Securities, Fair Value 6,539 7,181    
Advances 77,951 65,492    
Mortgage loans held for portfolio, net of allowance for credit losses on mortgage loans 3,320 3,332    
Accrued interest receivable 139 139    
Derivative Assets [4] 45 44    
Derivative Asset, Netting adjustments [4] 17 (11)    
Other assets [5] 0 0    
Liabilities        
Deposits 721 537    
Total consolidated obligations 117,138 98,764    
Mandatorily redeemable capital stock 0 0    
Accrued interest payable 121 164    
Derivative Liabilities [4] 1,055 384    
Derivative Liability, Netting adjustments [4] (1,055) (384)    
Level 3        
Assets        
Cash and due from banks 0 0    
Interest-bearing deposits 0 0    
Securities purchased under agreements to resell 0 0    
Federal funds sold 0 0    
Trading securities 0 0    
Available-for-sale (AFS) securities 2,226 2,597    
HTM Securities, Fair Value 328 385    
Advances 0 0    
Mortgage loans held for portfolio, net of allowance for credit losses on mortgage loans 0 0    
Accrued interest receivable 0 0    
Derivative Assets 0 0 [4]    
Other assets [5] 0 0    
Liabilities        
Deposits 0 0    
Total consolidated obligations 0 0    
Mandatorily redeemable capital stock 0 0    
Accrued interest payable 0 0    
Derivative Liabilities 0 0 [4]    
Standby letters of credit | Net Carrying Value        
Other        
Other commitments 33 32    
Standby letters of credit | Estimated Fair Value        
Other        
Other commitments 33 32    
Standby letters of credit | Level 1        
Other        
Other commitments 0 0    
Standby letters of credit | Level 2        
Other        
Other commitments 33 32    
Standby letters of credit | Level 3        
Other        
Other commitments 0 0    
Discount notes | Net Carrying Value        
Liabilities        
Discount notes 39,102 27,376    
Discount notes | Estimated Fair Value        
Liabilities        
Discount notes 39,146 27,378    
Discount notes | Level 1        
Liabilities        
Discount notes 0 0    
Discount notes | Level 2        
Liabilities        
Discount notes 39,146 27,378    
Discount notes | Level 3        
Liabilities        
Discount notes 0 0    
Bonds        
Liabilities        
Bonds 254 337    
Bonds | Net Carrying Value        
Liabilities        
Bonds 77,937 71,372    
Bonds | Estimated Fair Value        
Liabilities        
Bonds 77,992 71,386    
Bonds | Level 1        
Liabilities        
Bonds 0 0    
Bonds | Level 2        
Liabilities        
Bonds 77,992 71,386    
Bonds | Level 3        
Liabilities        
Bonds $ 0 $ 0    
[1]
At March 31, 2020, $643 of these securities were pledged as collateral that may be repledged. At December 31, 2019, $381 of these securities were pledged as collateral that may be repledged.
[2]
At March 31, 2020, and December 31, 2019, none of these securities were pledged as collateral that may be repledged.
[3]
Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. Cash collateral posted and related accrued interest was $1,082 and $378 at March 31, 2020, and December 31, 2019, respectively. Cash collateral received and related accrued interest was $9 and $5 at March 31, 2020, and December 31, 2019, respectively.
[4]
Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty.
[5]
Represents publicly traded mutual funds held in a grantor trust.