Advances (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes the Bank’s advances outstanding by redemption term (dollars in millions):


	December 31, 2025				December 31, 2024
Redemption Term	Amount1		Weighted Average Interest Rate		Amount1		Weighted Average Interest Rate
Overdrawn demand deposit accounts	$	—	—	%	$	1	6.12	%
Due in one year or less	53,895		3.87		45,738		4.44
Due after one year through two years	14,770		3.84		16,105		3.84
Due after two years through three years	15,574		4.12		12,751		4.19
Due after three years through four years	11,013		3.93		13,328		4.30
Due after four years through five years	9,511		4.12		7,787		4.33
Thereafter	5,415		4.27		5,020		4.25
Total par value	110,178		3.95	%	100,730		4.27	%
Premiums	2				3
Discounts	(22)				(21)
Fair value hedging adjustments	72				(761)

Total	$	110,230			$	99,951

1 Excludes accrued interest receivable of $192 million and $180 million at December 31, 2025 and 2024.

The Bank offers advances to members and eligible housing associates that may be prepaid on predetermined dates (call dates) prior to maturity without incurring prepayment fees (callable advances). Other advances may require a prepayment fee or credit that makes the Bank financially indifferent to the prepayment of the advance. At December 31, 2025 and 2024, the Bank had callable advances outstanding totaling $10.6 billion and $10.4 billion.

The following table summarizes advances by year of redemption term or next call date for callable advances (dollars in millions):


	Redemption Term or Next Call Date
	December 31, 2025		December 31, 2024
Overdrawn demand deposit accounts	$	—	$	1
Due in one year or less	63,698		54,893
Due after one year through two years	13,315		14,474
Due after two years through three years	13,455		10,312
Due after three years through four years	7,976		11,080
Due after four years through five years	6,361		4,990
Thereafter	5,373		4,980
Total par value	$	110,178	$	100,730

Schedules of Concentration of Risk, by Risk Factor

The following table summarizes advances outstanding to members exceeding 10 percent of total advances outstanding at December 31, 2025 (dollars in millions):


	Amount		% of Total Advances
Athene Annuity and Life Company	$	23,271	21	%
Wells Fargo Bank, N.A.	16,000		15