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Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME      
Advances $ 2,466 $ 2,443 $ 1,589
Interest-bearing deposits 3 1 2
Securities purchased under agreements to resell 179 73 42
Federal funds sold 161 107 72
Interest Income, Debt Securities, Trading, Operating 29 31 44
Available-for-sale securities 506 504 368
Held-to-maturity securities 79 87 80
Mortgage loans held for portfolio 285 252 236
Total interest income 3,708 3,498 2,433
INTEREST EXPENSE      
Consolidated obligations - Discount notes 817 736 521
Consolidated obligations - Bonds 2,289 2,095 1,239
Deposits 14 14 6
Mandatorily redeemable capital stock 12 18 17
Total interest expense 3,132 2,863 1,783
NET INTEREST INCOME 576 635 650
OTHER INCOME (LOSS)      
Net gains (losses) on trading securities 28 (15) 1
Net gains (losses) on derivatives and hedging activities (35)    
Gain (Loss) on Derivative Instruments, Net, Pretax   19 12
Gains on litigation settlements, net 0 0 21
Other, net 27 16 18
Total other income (loss) 20 20 52
OTHER EXPENSE      
Compensation and benefits 65 62 52
Contractual services 16 12 11
Professional fees 33 19 19
Other operating expenses 31 26 21
Federal Housing Finance Agency 10 9 10
Office of Finance 7 7 7
Other, net 6 7 4
Total other expense 168 142 124
NET INCOME BEFORE ASSESSMENTS 428 513 578
Affordable Housing Program assessments 44 53 60
NET INCOME $ 384 $ 460 $ 518