Activities with Other FHLBanks

12 Months Ended

Dec. 31, 2025

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, 2025, 2024, and 2023 (dollars in millions):

Other FHLBank	Beginning Balance		Loans		Principal Repayment		Ending Balance
2025
Boston	$	—	$	300	$	(300)	$	—
Chicago	—		10		(10)		—
Indianapolis	—		500		(500)		—
San Francisco	—		850		(850)		—
Topeka	—		10		(10)		—
	$	—	$	1,670	$	(1,670)	$	—
2024
Boston	$	—	$	200	$	(200)	$	—
Chicago	—		5		(5)		—
	$	—	$	205	$	(205)	$	—
2023
Chicago	$	—	$	2,005	$	(2,005)	$	—
New York	—		500		(500)		—
San Francisco	—		2,655		(2,655)		—
	$	—	$	5,160	$	(5,160)	$	—

The following table summarizes borrowing activity from other FHLBanks during the years ended December 31, 2025, 2024, and 2023 (dollars in millions):

Other FHLBank	Beginning Balance		Borrowing		Principal Payment		Ending Balance
2025
Atlanta	$	—	$	200	$	(200)	$	—
Chicago	—		300		(300)		—
Cincinnati	—		550		(550)		—
New York	—		700		(700)		—
San Francisco	—		500		(500)		—
Topeka	—		450		(450)		—
	$	—	$	2,700	$	(2,700)	$	—
2024
Chicago	$	—	$	2,000	$	(2,000)	$	—
Cincinnati	—		500		(500)		—
	$	—	$	2,500	$	(2,500)	$	—
2023
Boston	$	—	$	450	$	(450)	$	—
Cincinnati	—		750		(750)		—
San Francisco	—		500		(500)		—
Topeka	—		565		(565)		—
	$	—	$	2,265	$	(2,265)	$	—

For the years ended December 31, 2025, 2024, and 2023, the interest income and expense related to these transactions was immaterial.

MPF Program. The Bank pays fees to the FHLBank of Chicago for providing MPF program services. For the years ended December 31, 2025, 2024, and 2023, the Bank paid fees of $10 million, $8 million, and $6 million to the FHLBank of Chicago. In order to facilitate these payments, the Bank maintained interest-bearing deposits with the FHLBank of Chicago, which totaled $6 million and $1 million at December 31, 2025 and 2024.