Deposits

12 Months Ended

Dec. 31, 2019

Deposit Liabilities Disclosures [Text Block]

Deposits

The Bank offers demand and overnight deposits as well as short-term interest bearing deposits to members and to qualifying non-members. Deposits classified as demand and overnight pay interest based on a daily interest rate. Short-term interest bearing deposits pay interest based on a fixed rate determined at the issuance of the deposit. Average interest rates paid on interest-bearing deposits were 1.47 percent, 1.48 percent, and 0.59 percent for the years ended December 31, 2019, 2018, and 2017.

The following table details the Bank’s interest bearing and non-interest bearing deposits (dollars in millions):



	December 31,
	2019		2018
Interest-bearing
Demand and overnight	$	860	$	823
Term	127		153
Non-interest-bearing
Demand	125		94
Total	$	1,112	$	1,070