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Investments (Tables)
 3 Months Ended
Mar. 31, 2020
Investment Debt Securities Table [Line Items]  
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block]
Trading securities by major security type were as follows (dollars in millions):
 
March 31,
2020
 
December 31,
2019
Non-mortgage-backed securities
 
 
 
U.S. Treasury obligations
$
873

 
$
—

Other U.S. obligations1
140

 
150

GSE and Tennessee Valley Authority obligations
64

 
60

Other2
262

 
259

     Total non-mortgage-backed securities
1,339

 
469

Mortgage-backed securities
 
 
 
GSE multifamily
389

 
419

Total fair value
$
1,728

 
$
888


1
Represents investment securities backed by the full faith and credit of the U.S. Government.

2
Consists of taxable municipal bonds.
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]
AFS securities by major security type were as follows (dollars in millions):
 
March 31, 2020
 
Amortized
Cost1
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 

Fair
Value
Non-mortgage-backed securities
 
 
 
 
 
 
 
Other U.S. obligations2
$
2,000

 
$
2

 
$
(27
)
 
$
1,975

GSE and Tennessee Valley Authority obligations
1,118

 
5

 
(16
)
 
1,107

State or local housing agency obligations
761

 
—

 
(1
)
 
760

Other3
292

 
1

 
(1
)
 
292

Total non-mortgage-backed securities
4,171

 
8

 
(45
)
 
4,134

Mortgage-backed securities
 
 
 
 
 
 
 
U.S. obligations single-family2
3,917

 
1

 
(26
)
 
3,892

GSE single-family
609

 
3

 
(3
)
 
609

GSE multifamily
7,585

 
2

 
(56
)
 
7,531

Total mortgage-backed securities
12,111

 
6

 
(85
)
 
12,032

Total
$
16,282

 
$
14

 
$
(130
)
 
$
16,166


 
December 31, 2019
 
Amortized
Cost1
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 

Fair
Value
Non-mortgage-backed securities
 
 
 
 
 
 
 
Other U.S. obligations2
$
2,122

 
$
6

 
$
(1
)
 
$
2,127

GSE and Tennessee Valley Authority obligations
1,034

 
26

 
—

 
1,060

State or local housing agency obligations
761

 
—

 
(5
)
 
756

Other3
276

 
9

 
—

 
285

Total non-mortgage-backed securities
4,193

 
41

 
(6
)
 
4,228

Mortgage-backed securities
 
 
 
 
 
 
 
U.S. obligations single-family2
4,044

 
17

 
(2
)
 
4,059

GSE single-family
646

 
4

 
(1
)
 
649

GSE multifamily
7,720

 
13

 
(18
)
 
7,715

Total mortgage-backed securities
12,410

 
34

 
(21
)
 
12,423

Total
$
16,603

 
$
75

 
$
(27
)
 
$
16,651



1
Amortized cost includes adjustments made to the cost basis of an investment for accretion, amortization, and/or fair value hedge accounting adjustments, and excludes accrued interest receivable of $33 million and $42 million at March 31, 2020 and December 31, 2019.

2
Represents investment securities backed by the full faith and credit of the U.S. Government.

3
Consists of taxable municipal bonds and/or Private Export Funding Corporation (PEFCO) bonds.


Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]
The following tables summarize AFS securities with unrealized losses by major security type and length of time that individual securities have been in a continuous unrealized loss position (dollars in millions). In cases where the gross unrealized losses for an investment category are less than $1 million, the losses are not reported.
 
March 31, 2020
 
Less than 12 Months
 
12 Months or More
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Non-mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
Other U.S. obligations1
$
998

 
$
(15
)
 
$
818

 
$
(12
)
 
$
1,816

 
$
(27
)
GSE and Tennessee Valley Authority obligations
326

 
(16
)
 
—

 
—

 
326

 
(16
)
State or local housing agency obligations
210

 
—

 
314

 
(1
)
 
524

 
(1
)
Other
128

 
(1
)
 
—

 
—

 
128

 
(1
)
Total non-mortgage-backed securities
1,662

 
(32
)
 
1,132

 
(13
)
 
2,794

 
(45
)
Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
U.S. obligations single-family1
3,052

 
(19
)
 
558

 
(7
)
 
3,610

 
(26
)
GSE single-family
212

 
(1
)
 
98

 
(2
)
 
310

 
(3
)
GSE multifamily
4,811

 
(42
)
 
2,486

 
(14
)
 
7,297

 
(56
)
Total mortgage-backed securities
8,075

 
(62
)
 
3,142

 
(23
)
 
11,217

 
(85
)
Total
$
9,737

 
$
(94
)
 
$
4,274

 
$
(36
)
 
$
14,011

 
$
(130
)

 
December 31, 2019
 
Less than 12 Months
 
12 Months or More
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
Non-mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
Other U.S. obligations1
$
196

 
$
—

 
$
706

 
$
(1
)
 
$
902

 
$
(1
)
State or local housing agency obligations
57

 
—

 
344

 
(5
)
 
401

 
(5
)
Total non-mortgage-backed securities
253

 
—

 
1,050

 
(6
)
 
1,303

 
(6
)
Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
 
U.S. obligations single-family1
169

 
—

 
564

 
(2
)
 
733

 
(2
)
GSE single-family
133

 
—

 
104

 
(1
)
 
237

 
(1
)
GSE multifamily
2,001

 
(8
)
 
2,766

 
(10
)
 
4,767

 
(18
)
Total mortgage-backed securities
2,303

 
(8
)
 
3,434

 
(13
)
 
5,737

 
(21
)
Total
$
2,556

 
$
(8
)
 
$
4,484

 
$
(19
)
 
$
7,040

 
$
(27
)


1
Represents investment securities backed by the full faith and credit of the U.S. Government.
Debt Securities, Held-to-maturity [Table Text Block]
HTM securities by major security type were as follows (dollars in millions):
 
March 31, 2020
 
Amortized
Cost1
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Non-mortgage-backed securities
 
 
 
 
 
 
 
GSE and Tennessee Valley Authority obligations
$
383

 
$
96

 
$
—

 
$
479

State or local housing agency obligations
212

 
2

 
(1
)
 
213

Total non-mortgage-backed securities
595

 
98

 
(1
)
 
692

Mortgage-backed securities
 
 
 
 
 
 
 
U.S. obligations single-family2
4

 
—

 
—

 
4

U.S. obligations commercial2
1

 
—

 
—

 
1

GSE single-family
1,647

 
7

 
(12
)
 
1,642

Private-label
7

 
—

 
—

 
7

Total mortgage-backed securities
1,659

 
7

 
(12
)
 
1,654

Total
$
2,254

 
$
105

 
$
(13
)
 
$
2,346

 
December 31, 2019
 
Amortized
Cost1
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Non-mortgage-backed securities
 
 
 
 
 
 
 
GSE and Tennessee Valley Authority obligations
$
384

 
$
72

 
$
—

 
$
456

State or local housing agency obligations
221

 
1

 
(1
)
 
221

Total non-mortgage-backed securities
605

 
73

 
(1
)
 
677

Mortgage-backed securities
 
 
 
 
 
 
 
U.S. obligations single-family2
5

 
—

 
—

 
5

U.S. obligations commercial2
1

 
—

 
—

 
1

GSE single-family
1,752

 
4

 
(7
)
 
1,749

Private-label
7

 
—

 
—

 
7

Total mortgage-backed securities
1,765

 
4

 
(7
)
 
1,762

Total
$
2,370

 
$
77

 
$
(8
)
 
$
2,439


1
Amortized cost includes adjustments made to the cost basis of an investment for accretion or amortization and excludes accrued interest receivable of $12 million and $7 million as of March 31, 2020 and December 31, 2019.

2
Represents investment securities backed by the full faith and credit of the U.S. Government.
Available-for-sale Securities [Member]  
Investment Debt Securities Table [Line Items]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The following table summarizes AFS securities by contractual maturity. Expected maturities of some securities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment fees (dollars in millions):
 
 
March 31, 2020
 
December 31, 2019
Year of Contractual Maturity
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Non-mortgage-backed securities
 
 
 
 
 
 
 
 
Due in one year or less
 
$
92

 
$
92

 
$
92

 
$
92

Due after one year through five years
 
2,104

 
2,096

 
2,099

 
2,110

Due after five years through ten years
 
1,200

 
1,187

 
1,294

 
1,302

Due after ten years
 
775

 
759

 
708

 
724

Total non-mortgage-backed securities
 
4,171

 
4,134

 
4,193

 
4,228

Mortgage-backed securities
 
12,111

 
12,032

 
12,410

 
12,423

Total
 
$
16,282

 
$
16,166

 
$
16,603

 
$
16,651
Held-to-maturity Securities [Member]  
Investment Debt Securities Table [Line Items]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The following table summarizes HTM securities by contractual maturity. Expected maturities of some securities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment fees (dollars in millions):
 
 
March 31, 2020
 
December 31, 2019
Year of Contractual Maturity
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Non-mortgage-backed securities
 
 
 
 
 
 
 
 
Due in one year or less
 
$
—

 
$
—

 
$
—

 
$
—

Due after one year through five years
 
—

 
—

 
—

 
—

Due after five years through ten years
 
411

 
457

 
412

 
446

Due after ten years
 
184

 
235

 
193

 
231

Total non-mortgage-backed securities
 
595

 
692

 
605

 
677

Mortgage-backed securities
 
1,659

 
1,654

 
1,765

 
1,762

Total
 
$
2,254

 
$
2,346

 
$
2,370

 
$
2,439