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Capital (Tables)
 12 Months Ended
Dec. 31, 2019
Capital [Abstract]  
MRCS by Contractual Redemption
The following table summarizes the Bank’s mandatorily redeemable capital stock by year of contractual redemption (dollars in millions):
 
 
December 31,
Year of Contractual Redemption1
 
2019
 
2018
Due in one year or less
 
$
—

 
$
2

Due after one year through two years
 
1

 
—

Due after two years through three years
 
11

 
1

Due after three years through four years
 
5

 
10

Due after four years through five years
 
—

 
18

Thereafter2
 
175

 
210

Past contractual redemption date due to outstanding activity with the Bank
 
14

 
14

Total
 
$
206

 
$
255



1
At the Bank’s election, the mandatorily redeemable capital stock may be redeemed prior to the expiration of the five year redemption period that commences on the date of the notice of redemption, or in the case of captive insurance company members, on the date of the membership termination.

2
Represents mandatorily redeemable capital stock resulting from the Finance Agency rule previously discussed that makes captive insurance companies ineligible for FHLBank membership. The related mandatorily redeemable capital stock is not required to be redeemed until five years after the member’s termination.

The following table summarizes changes in mandatorily redeemable capital stock (dollars in millions):
 
For the Years Ended December 31,
 
2019
 
2018
 
2017
Balance, beginning of period
$
255

 
$
385

 
$
664

Capital stock reclassified to (from) mandatorily redeemable capital stock, net
11

 
53

 
44

Net payments for repurchases/redemptions of mandatorily redeemable capital stock
(60
)
 
(183
)
 
(323
)
Balance, end of period
$
206

 
$
255

 
$
385
Accumulated Other Comprehensive Income
The following table summarizes changes in AOCI (dollars in millions):
 
Net unrealized gains (losses) on AFS securities (Note 5)
 
Pension and postretirement benefits
(Note 16)
 
Total AOCI
Balance, December 31, 2016
$
(14
)
 
$
(4
)
 
$
(18
)
Other comprehensive income (loss) before reclassifications
 
 
 
 
 
Net unrealized gains (losses) on AFS securities
132

 
—

 
132

Net current period other comprehensive income (loss)
132

 
—

 
132

Balance, December 31, 2017
118

 
(4
)
 
114

Other comprehensive income (loss) before reclassifications
 
 
 
 
 
Net unrealized gains (losses) on AFS securities
(31
)
 
—

 
(31
)
Reclassification from AOCI to net income
 
 
 
 
 
Amortization - pension and postretirement
—

 
1

 
1

Net current period other comprehensive income (loss)
(31
)
 
1

 
(30
)
Balance, December 31, 2018
87

 
(3
)
 
84

Other comprehensive income (loss) before reclassifications
 
 
 
 
 
Net unrealized gains (losses) on AFS securities
(39
)
 
—

 
(39
)
Reclassification from AOCI to net income
 
 
 
 
 
Amortization - pension and postretirement
—

 
(1
)
 
(1
)
Net current period other comprehensive income (loss)
(39
)
 
(1
)
 
(40
)
Balance, December 31, 2019
$
48

 
$
(4
)
 
$
44
Regulatory Capital Requirements
The following table shows the Bank’s compliance with the Finance Agency’s regulatory capital requirements (dollars in millions) as of December 31, 2019 and 2018:
 
December 31, 2019
 
December 31, 2018
 
Required
 
Actual
 
Required
 
Actual
Regulatory capital requirements
 
 
 
 
 
 
 
Risk-based capital
$
1,138

 
$
6,888

 
$
1,146

 
$
7,719

Regulatory capital
$
5,184

 
$
6,888

 
$
5,861

 
$
7,719

Leverage capital
$
6,480

 
$
10,332

 
$
7,326

 
$
11,579

Capital-to-assets ratio
4.00
%
 
5.31
%
 
4.00
%
 
5.27
%
Leverage ratio
5.00
%
 
7.97
%
 
5.00
%
 
7.90
%