Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Off-Balance Sheet Commitments [Table Text Block]

The following table summarizes additional off-balance sheet commitments for the Bank (dollars in millions):


	March 31, 2026						December 31, 2025
	Expire within one year		Expire after one year		Total		Total
Standby letters of credit1,2	$	18,463	$	128	$	18,591	$	18,263
Standby bond purchase agreements2	231		1,071		1,302		1,249
Commitments to purchase mortgage loans	328		—		328		106
Commitment to issue bonds3	4,545		—		4,545		1,000
Commitments to issue discount notes3	857		—		857		3,060
Commitments to fund advances2,4	38		—		38		151

1 Excludes commitments to issue standby letters of credit, when applicable. At both March 31, 2026 and December 31, 2025, the Bank had no commitments to issue standby letters of credit.

2 The Bank has deemed it unnecessary to record any liability for credit losses on these agreements at March 31, 2026 and December 31, 2025, based on its credit extension and collateral policies.

3 The Bank enters into commitments to issue consolidated obligations in the normal course of its business, that generally settle within 30 calendar days.

4 The Bank enters into commitments to fund advances up to 24 months in the future.

Joint and Several Liability. The FHLBanks have joint and several liability for all consolidated obligations issued. Accordingly, if an FHLBank were unable to repay any consolidated obligation for which it is the primary obligor, each of the other FHLBanks could be called upon by the Finance Agency to repay all or part of such obligations. No FHLBank has ever been asked or required to repay the principal or interest on any consolidated obligation on behalf of another FHLBank. At March 31, 2026 and December 31, 2025, the total par value of outstanding consolidated obligations issued on behalf of other FHLBanks for which the Bank is jointly and severally liable was $1,015.7 billion and $977.4 billion.