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Fair Value (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following table summarizes the carrying value, fair value, and fair value hierarchy of the Bank’s financial instruments (dollars in millions).
March 31, 2026
Fair Value
Financial InstrumentsCarrying ValueLevel 1Level 2Level 3
Netting Adjustments and Cash Collateral1
Total
Assets
Cash and due from banks$58 $58 $— $— $— $58 
Interest-bearing deposits4,553 — 4,553 — — 4,553 
Securities purchased under agreements to resell16,440 — 16,440 — — 16,440 
Federal funds sold4,650 — 4,650 — — 4,650 
Trading securities6,109 — 6,109 — — 6,109 
Available-for-sale securities27,418 — 27,418 — — 27,418 
Held-to-maturity securities429 — 430 2 — 432 
Advances127,032 — 127,153 — — 127,153 
Mortgage loans held for portfolio, net14,910 — 14,271 42 — 14,313 
Accrued interest receivable469 — 469 — — 469 
Derivative assets, net7 — 161 — (154)7 
Other assets48 48 — — — 48 
Liabilities
Deposits(1,426)— (1,426)— — (1,426)
Consolidated obligations
Discount notes2
(84,642)— (84,631)— — (84,631)
Bonds(103,417)— (102,903)— — (102,903)
Total consolidated obligations(188,059)— (187,534)— — (187,534)
MRCS(72)(72)— — — (72)
Accrued interest payable(638)— (638)— — (638)
Derivative liabilities, net(69)— (114)— 45 (69)
1    Amounts represent the application of the netting requirements that allow the Bank to net settle positive and negative positions and also cash collateral and the related accrued interest held or placed with the same clearing agent and/or counterparty.
2    Includes $10.2 billion of consolidated obligation discount notes recorded under fair value option at March 31, 2026.
The following table summarizes the carrying value, fair value, and fair value hierarchy of the Bank’s financial instruments (dollars in millions):
December 31, 2025
Fair Value
Financial InstrumentsCarrying ValueLevel 1Level 2Level 3
Netting Adjustments and Cash Collateral1
Total
Assets
Cash and due from banks$44 $44 $— $— $— $44 
Interest-bearing deposits3,726 — 3,726 — — 3,726 
Securities purchased under agreements to resell17,090 — 17,090 — — 17,090 
Federal funds sold5,930 — 5,930 — — 5,930 
Trading securities6,303 — 6,303 — — 6,303 
Available-for-sale securities27,519 — 27,519 — — 27,519 
Held-to-maturity securities447 — 450 2 — 452 
Advances110,230 — 110,441 — — 110,441 
Mortgage loans held for portfolio, net14,540 — 13,996 38 — 14,034 
Accrued interest receivable461 — 461 — — 461 
Derivative assets, net80 — 240 — (160)80 
Other assets50 50 — — — 50 
Liabilities
Deposits(1,147)— (1,147)— — (1,147)
Consolidated obligations
Discount notes2
(84,620)— (84,617)— — (84,617)
Bonds(89,249)— (88,831)— — (88,831)
Total consolidated obligations(173,869)— (173,448)— — (173,448)
MRCS(30)(30)— — — (30)
Accrued interest payable(589)— (589)— — (589)
Derivative liabilities, net(3)— (29)— 26 (3)
1    Amounts represent the application of the netting requirements that allow the Bank to net settle positive and negative positions and also cash collateral and the related accrued interest held or placed with the same clearing agent and/or counterparty.
2    Includes $17.4 billion of consolidated obligation discount notes recorded under fair value option at December 31, 2025.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table summarizes, for each hierarchy level, the Bank’s assets and liabilities that are measured at fair value on the Statements of Condition (dollars in millions):
March 31, 2026
Level 1Level 2Level 3
Netting Adjustments and Cash Collateral1
Total
Recurring fair value measurements
Assets
Trading securities
U.S. Treasury obligations$— $5,914 $— $— $5,914 
Other U.S. obligations— 54 — — 54 
GSE and TVA obligations— 47 — — 47 
Other non-MBS
— 94 — — 94 
Total trading securities— 6,109 — — 6,109 
Available-for-sale securities
Other U.S. obligations— 6 — — 6 
GSE and TVA obligations— 307 — — 307 
State or local housing agency obligations— 415 — — 415 
Other non-MBS— 19 — — 19 
U.S. obligations single-family MBS— 5,885 — — 5,885 
GSE single-family MBS— 208 — — 208 
GSE multifamily MBS— 20,578 — — 20,578 
Total available-for-sale securities— 27,418 — — 27,418 
Derivative assets, net
Interest-rate related— 159 — (154)5 
Forward settlement agreements— 2 — — 2 
Total derivative assets, net— 161 — (154)7 
Other assets48 — — — 48 
Total recurring assets at fair value$48 $33,688 $— $(154)$33,582 
Liabilities
Discount notes2
$— $(10,239)$— $— $(10,239)
Derivative liabilities, net
Interest-rate related— (112)— 45 (67)
Mortgage loan purchase commitments — (2)— — (2)
Total derivative liabilities, net— (114)— 45 (69)
Total recurring liabilities at fair value$— $(10,353)$— $45 $(10,308)
Non-recurring fair value measurements
Assets
Impaired mortgage loans held for portfolio3
$— $— $2 $— $2 
Total non-recurring assets at fair value
$— $— $2 $— $2 
1    Amounts represent the application of the netting requirements that allow the Bank to net settle positive and negative positions and also cash collateral and the related accrued interest held or placed with the same clearing agent and/or counterparty.
2    Represents financial instruments recorded under the fair value option.
3    These assets are subject to fair value adjustments in certain circumstances. The fair value information presented is as of the date the fair value adjustment was recorded during the three months ended March 31, 2026.
The following table summarizes, for each hierarchy level, the Bank’s assets and liabilities that are measured at fair value on the Statements of Condition (dollars in millions):
December 31, 2025
Level 1Level 2Level 3
Netting Adjustments and Cash Collateral1
Total
Recurring fair value measurements
Assets
Trading securities
U.S. Treasury obligations$— $6,104 $— $— $6,104 
Other U.S. obligations— 57 — — 57 
GSE and TVA obligations— 48 — — 48 
Other non-MBS
— 94 — — 94 
Total trading securities— 6,303 — — 6,303 
Available-for-sale securities
Other U.S. obligations— 14 — — 14 
GSE and TVA obligations— 310 — — 310 
State or local housing agency obligations— 370 — — 370 
Other non-MBS— 19 — — 19 
U.S. obligations single-family MBS— 5,707 — — 5,707 
GSE single-family MBS— 217 — — 217 
GSE multifamily MBS— 20,882 — — 20,882 
Total available-for-sale securities— 27,519 — — 27,519 
Derivative assets, net
Interest-rate related— 240 — (160)80 
Total derivative assets, net— 240 — (160)80 
Other assets50 — — — 50 
Total recurring assets at fair value$50 $34,062 $— $(160)$33,952 
Liabilities
Discount notes2
$— $(17,382)$— $— $(17,382)
Derivative liabilities, net
Interest-rate related— (29)— 26 (3)
Total derivative liabilities, net— (29)— 26 (3)
Total recurring liabilities at fair value$— $(17,411)$— $26 $(17,385)
Non-recurring fair value measurements
Assets
Impaired mortgage loans held for portfolio3
$— $— $6 $— $6 
Total non-recurring assets at fair value
$— $— $6 $— $6 
1    Amounts represent the application of the netting requirements that allow the Bank to net settle positive and negative positions and also cash collateral and the related accrued interest held or placed with the same clearing agent and/or counterparty.
2    Represents financial instruments recorded under the fair value option.
3    These assets are subject to fair value adjustments in certain circumstances. The fair value information presented is as of the date the fair value adjustment was recorded during the year ended December 31, 2025.
Fair Value Option, Disclosures
The following tables summarize the difference between the unpaid principal balance and fair value of outstanding instruments for which the fair value option has been elected (dollars in millions):

March 31, 2026
Unpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal
Discount Notes$10,304 $10,239 $(65)

December 31, 2025
Unpaid Principal BalanceFair ValueFair Value Over (Under) Unpaid Principal
Discount Notes$17,504 $17,382 $(122)