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Statements of Income (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
INTEREST INCOME:    
Advances $ 70,952 $ 59,989
Prepayment fees on Advances, net 452 3,419
Interest-bearing deposits 74 127
Securities purchased under agreements to resell 859 714
Federal funds sold 2,001 799
Trading securities 8 9,975
Available-for-sale securities 30 1,595
Held-to-maturity securities 69,626 81,237
Mortgage loans held for portfolio 73,208 88,597
Loans to other FHLBanks 3 1
Total interest income 217,213 246,453
INTEREST EXPENSE:    
Consolidated Obligations - Discount Notes 10,126 3,927
Consolidated Obligations - Bonds 129,816 157,836
Deposits 86 86
Loans from other FHLBanks 5 0
Mandatorily redeemable capital stock 1,623 3,476
Other borrowings 0 1
Total interest expense 141,656 165,326
NET INTEREST INCOME 75,557 81,127
Reversal of Loan Losses Expensed (2,500)  
Provision for Loan Losses Expensed   1,410
NET INTEREST INCOME AFTER (REVERSAL) PROVISION FOR CREDIT LOSSES 78,057 79,717
OTHER NON-INTEREST INCOME (LOSS):    
Net gains (losses) on trading securities 1 (8,880)
Net gains on Consolidated Obligation Bonds held under fair value option 532 2,621
Net gains on derivatives and hedging activities 4,345 3,754
Other, net 2,827 1,838
Total other non-interest income (loss) 7,705 (667)
OTHER EXPENSE:    
Compensation and benefits 8,367 8,391
Other operating 3,984 3,537
Finance Agency 1,088 1,704
Office of Finance 1,089 816
Other 487 113
Total other expense 15,015 14,561
INCOME BEFORE ASSESSMENTS 70,747 64,489
Affordable Housing Program assessments 7,237 6,796
NET INCOME $ 63,510 $ 57,693