Statements of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
INTEREST INCOME
Advances	$ 399	$ 715
Interest-bearing deposits	1	0
Securities purchased under agreements to resell	30	32
Federal funds sold	27	43
Trading securities	9	8
Available-for-sale securities	75	143
Held-to-maturity securities	14	22
Mortgage loans held for portfolio	78	69
Total interest income	633	1,032
INTEREST EXPENSE
Consolidated obligations - Discount notes	110	271
Consolidated obligations - Bonds	410	595
Deposits	1	4
Mandatorily redeemable capital stock	3	3
Total interest expense	524	873
NET INTEREST INCOME	109	159
OTHER INCOME (LOSS)
Net gains (losses) on trading securities	26	10
Gains on litigation settlements, net	56	0
Net gains (losses) on derivatives and hedging activities	(48)	(12)
Other, net	2	7
Total other income (loss)	36	5
OTHER EXPENSE
Compensation and benefits	18	16
Contractual services	4	4
Professional fees	8	7
Other operating expenses	6	7
Federal Housing Finance Agency	3	2
Office of Finance	2	2
Other, net	2	1
Total other expense	43	39
NET INCOME BEFORE ASSESSMENTS	102	125
Affordable Housing Program assessments	10	13
NET INCOME	$ 92	$ 112