Capital

3 Months Ended

Mar. 31, 2026

Banking Regulation, Total Capital [Abstract]

Capital [Text Block]

Capital

The Bank is subject to three regulatory capital requirements. In addition, the Capital Stock AB requires each FHLBank to maintain at all times a ratio of at least two percent of capital stock to total assets. The following table shows the Bank’s compliance with the Finance Agency’s regulatory capital requirements (dollars in millions):

	March 31, 2026						December 31, 2025
	Required			Actual			Required			Actual
Regulatory capital requirements
Risk-based capital	$	2,063		$	11,245		$	1,878		$	10,336
Regulatory capital1	$	8,089		$	11,245		$	7,460		$	10,336
Leverage capital	$	10,111		$	16,866		$	9,325		$	15,504
Capital-to-assets ratio	4.00		%	5.56		%	4.00		%	5.54		%
Capital stock-to-assets ratio	2.00		%	3.52		%	2.00		%	3.38		%
Leverage ratio	5.00		%	8.34		%	5.00		%	8.31		%

1     Total regulatory capital includes Class B stock (including MRCS) and retained earnings.

EXCESS STOCK

Capital stock owned by members in excess of their investment requirement is deemed excess capital stock. Under its Capital Plan, the Bank, at its discretion and upon 15 days written notice, may repurchase excess membership capital stock. The Bank, at its discretion, may also repurchase excess activity-based capital stock to the extent that (i) the excess capital stock balance exceeds an operational threshold set forth in the Capital Plan, which is currently set at zero, or (ii) a member submits a notice to redeem all or a portion of the excess activity-based capital stock. At March 31, 2026 and December 31, 2025, the Bank had no excess capital stock outstanding.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes changes in AOCI (dollars in millions):

	Total AOCI
Balance, December 31, 2024	$	(29)
Net change in fair value of AFS securities	70
Balance, March 31, 2025	$	41
Balance, December 31, 2025	$	181
Net change in fair value of AFS securities	30
Balance, March 31, 2026	$	211