Mortgage Loans Held for Portfolio (Tables)

3 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Mortgage Loans Held for Portfolio

The following table presents information on the Bank’s mortgage loans held for portfolio (dollars in millions):

	March 31, 2026		December 31, 2025
Fixed rate, long-term1 single-family mortgage loans	$	13,897	$	13,549
Fixed rate, medium-term2 single-family mortgage loans	926		904
Total unpaid principal balance	14,823		14,453
Premiums	158		156
Discounts	(55)		(54)
Basis adjustments from mortgage loan purchase commitments	(10)		(9)
Total mortgage loans held for portfolio3	14,916		14,546
Allowance for credit losses	(6)		(6)
Total mortgage loans held for portfolio, net	$	14,910	$	14,540

1    Long-term is defined as an original term of greater than 15 years and up to 30 years.

2    Medium-term is defined as an original term of 15 years or less.

3    Excludes accrued interest receivable of $108 million and $107 million at March 31, 2026 and December 31, 2025.

The following table presents the Bank’s mortgage loans held for portfolio by collateral or guarantee type (dollars in millions):

	March 31, 2026		December 31, 2025
Conventional mortgage loans	$	14,472	$	14,097
Government-guaranteed or -insured mortgage loans	351		356
Total unpaid principal balance	$	14,823	$	14,453