Activities with Other FHLBanks

12 Months Ended

Dec. 31, 2019

Activities with Other FHLBanks [Abstract]

Activities with Other FHLBanks [Text Block]

Activities with Other FHLBanks

Overnight Funds. The Bank may lend or borrow unsecured overnight funds to or from other FHLBanks. All such transactions are at current market rates. The following table summarizes loan activity to other FHLBanks during the years ended December 31, 2019, 2018, and 2017 (dollars in millions):

Other FHLBank	Beginning Balance		Loans		Principal Repayment			Ending Balance
2019
Atlanta	$	—	$	565	$	(565	)	$	—
Indianapolis	—		550		(550		)	—
Topeka	—		150		(150		)	—
	$	—	$	1,265	$	(1,265	)	$	—
2018
Boston	$	—	$	800	$	(800	)	$	—
San Francisco	—		300		(300		)	—
Dallas	—		500		(500		)	—
	$	—	$	1,600	$	(1,600	)	$	—
2017
Topeka	$	—	$	50	$	(50	)	$	—
San Francisco	200		—		(200		)	—
	$	200	$	50	$	(250	)	$	—

The following table summarizes borrowing activity from other FHLBanks during the years ended December 31, 2019, 2018, and 2017 (dollars in millions):

Other FHLBank	Beginning Balance		Borrowing		Principal Payment			Ending Balance
2019
Atlanta	$	500	$	400	$	(900	)	$	—
2018
Atlanta	$	200	$	500	$	(200	)	$	500
Boston	400		—		(400		)	—
San Francisco	—		500		(500		)	—
	$	600	$	1,000	$	(1,100	)	$	500
2017
Atlanta	$	—	$	200	$	—		$	200
Boston	—		400		—			400
	$	—	$	600	$	—		$	600

At December 31, 2019, 2018, and 2017, the interest income and expense related to these transactions was immaterial.

Advance Transfers. The Bank may purchase or sell advances from/to other FHLBanks. These transfers are accounted for in the same manner as an advance origination with a member bank. During the year ended December 31, 2017, a member of the Federal Home Loan Bank of Chicago (Chicago Bank) re-designated its charter, and concurrently transferred its Federal Home Loan Bank membership from the Chicago Bank to the Des Moines Bank. In conjunction with this transfer and at request of the member, the Bank purchased $37 million of par value advances outstanding to this member from the Chicago Bank and recorded related premiums of $1 million. There were no advance transfers during the years ended December 31, 2019 and 2018.