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Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INTEREST INCOME      
Advances $ 5,070 $ 6,009 $ 6,506
Prepayment Fees on Advances, Net 10 4 27
Interest-bearing deposits 194 270 217
Securities purchased under agreements to resell 565 530 542
Federal funds sold 526 671 757
Trading securities 216 108 41
Available-for-sale securities 1,390 1,484 1,203
Held-to-maturity securities 32 41 44
Mortgage loans held for portfolio 602 452 319
Interest Income, Loans to Other Federal Home Loan Banks 0 0 1
Total interest income 8,605 9,569 9,657
INTEREST EXPENSE      
Consolidated obligations - Discount notes 2,829 3,456 2,910
Consolidated obligations - Bonds 4,578 4,821 5,392
Deposits 44 54 47
Interest Expense, Loans from Other Federal Home Loan Banks 1 1 1
Mandatorily redeemable capital stock 3 1 1
Total interest expense 7,455 8,333 8,351
NET INTEREST INCOME 1,150 1,236 1,306
Provision (reversal) for credit losses on mortgage loans 1 (1) 1
NET INTEREST INCOME AFTER PROVISION (REVERSAL) FOR CREDIT LOSSES 1,149 1,237 1,305
OTHER INCOME (LOSS)      
Net gains (losses) on trading securities 97 18 93
Net gains (losses) on financial instruments held at fair value 12 (31) (92)
Net gains (losses) on derivatives (51) 8 (41)
Gain (Loss) on Extinguishment of Debt 0 0 2
Other, net 42 42 23
Total other income (loss) 100 37 (15)
OTHER EXPENSE      
Compensation and benefits 82 78 77
Contractual services 27 26 23
Professional fees 14 19 16
Other operating expenses 24 21 22
Voluntary Community and Housing Contributions 78 68 47
Federal Housing Finance Agency 14 14 11
Office of Finance 10 10 8
Other, net 21 22 17
Total other expense 270 258 221
NET INCOME BEFORE ASSESSMENTS 979 1,016 1,069
Affordable Housing Program assessments 98 102 107
NET INCOME $ 881 $ 914 $ 962