Fair Value Disclosures Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value, by Balance Sheet Grouping [Table Text Block]

Fair Value Summary (in thousands)



	March 31, 2013
			Fair Value
Financial Instruments	Carrying Value		Total		Level 1		Level 2		Level 3		Netting Adjustments and Cash Collateral ⁽¹⁾
Assets:
Cash and due from banks	$	343,785	$	343,785	$	343,785	$	—	$	—	$	—
Interest-bearing deposits	125		125		—		125		—		—
Securities purchased under resale agreements	2,950,000		2,950,000		—		2,950,000		—		—
Federal funds sold	3,600,000		3,600,000		—		3,600,000		—		—
Trading securities	1,841		1,841		—		1,841		—		—
Available-for-sale securities	500,044		500,044		—		500,044		—		—
Held-to-maturity securities	13,720,233		14,058,463		—		14,058,463		—		—
Advances	58,282,314		58,315,195		—		58,315,195		—		—
Mortgage loans held for portfolio, net	7,212,481		7,499,270		—		7,436,133		63,137		—
Accrued interest receivable	83,780		83,780		—		83,780		—		—
Derivative assets	4,834		4,834		—		59,236		—		(54,402		)

Liabilities:
Deposits	1,101,570		1,101,415		—		1,101,415		—		—
Consolidated Obligations:
Discount Notes	34,075,772		34,077,620		—		34,077,620		—		—
Bonds ⁽²⁾	45,937,144		46,578,516		—		46,578,516		—		—
Mandatorily redeemable capital stock	133,955		133,955		133,955		—		—		—
Accrued interest payable	120,946		120,946		—		120,946		—		—
Derivative liabilities	108,930		108,930		—		342,996		—		(234,066		)

Other:
Standby bond purchase agreements	—		3,251		—		3,251		—		—


(1)	Amounts represent the effects of legally enforceable master netting agreements that allow the FHLBank to settle positive and negative positions and of cash collateral held or placed with the same counterparties.


(2)	Includes (in thousands) $2,002,068 of Consolidated Bonds recorded under the fair value option at March 31, 2013.



	December 31, 2012
			Fair Value
Financial Instruments	Carrying Value		Total		Level 1		Level 2		Level 3		Netting Adjustments and Cash Collateral ⁽¹⁾
Assets:
Cash and due from banks	$	16,423	$	16,423	$	16,423	$	—	$	—	$	—
Interest-bearing deposits	151		151		—		151		—		—
Securities purchased under resale agreements	3,800,000		3,800,000		—		3,800,000		—		—
Federal funds sold	3,350,000		3,350,000		—		3,350,000		—		—
Trading securities	1,922		1,922		—		1,922		—		—
Held-to-maturity securities	12,798,448		13,177,117		—		13,177,117		—		—
Advances	53,943,961		54,070,350		—		54,070,350		—		—
Mortgage loans held for portfolio, net	7,530,112		7,860,090		—		7,790,290		69,800		—
Accrued interest receivable	83,904		83,904		—		83,904		—		—
Derivative assets	5,877		5,877		—		69,677		—		(63,800		)

Liabilities:
Deposits	1,176,605		1,176,474		—		1,176,474		—		—
Consolidated Obligations:
Discount Notes	30,840,224		30,843,064		—		30,843,064		—		—
Bonds ⁽²⁾	44,345,917		45,069,294		—		45,069,294		—		—
Mandatorily redeemable capital stock	210,828		210,828		210,828		—		—		—
Accrued interest payable	106,885		106,885		—		106,885		—		—
Derivative liabilities	114,888		114,888		—		389,473		—		(274,585		)

Other:
Standby bond purchase agreements	—		1,198		—		1,198		—		—


(1)	Amounts represent the effects of legally enforceable master netting agreements that allow the FHLBank to settle positive and negative positions and of cash collateral held or placed with the same counterparties.


(2)	Includes (in thousands) $3,402,366 of Consolidated Bonds recorded under the fair value option at December 31, 2012.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

(in thousands)



	Fair Value Measurements at March 31, 2013
	Total		Level 1		Level 2		Level 3		Netting Adjustment and Cash Collateral ⁽¹⁾
Recurring Fair Value Measurements - Assets
Trading securities:
Other U.S. obligation residential mortgage-backed securities	$	1,841	$	—	$	1,841	$	—	$	—
Available-for-sale securities:
Certificates of deposit	500,044		—		500,044		—		—
Derivative assets:
Interest rate swaps	4,711		—		59,113		—		(54,402		)
Mortgage delivery commitments	123		—		123		—		—
Total derivative assets	4,834		—		59,236		—		(54,402		)
Total assets at fair value	$	506,719	$	—	$	561,121	$	—	$	(54,402	)

Recurring Fair Value Measurements - Liabilities
Consolidated Obligation Bonds ⁽²⁾	$	2,002,068	$	—	$	2,002,068	$	—	$	—
Derivative liabilities:
Interest rate swaps	108,571		—		342,637		—		(234,066		)
Mortgage delivery commitments	359		—		359		—		—
Total derivative liabilities	108,930		—		342,996		—		(234,066		)
Total liabilities at fair value	$	2,110,998	$	—	$	2,345,064	$	—	$	(234,066	)


(1)	Amounts represent the effects of legally enforceable master netting agreements that allow the FHLBank to settle positive and negative positions and of cash collateral held or placed with the same counterparties.


(2)	Represents Consolidated Obligation Bonds recorded under the fair value option.



	Fair Value Measurements at December 31, 2012
	Total		Level 1		Level 2		Level 3		Netting Adjustment and Cash Collateral ⁽¹⁾
Recurring Fair Value Measurements - Assets
Trading securities:
Other U.S. obligation residential mortgage-backed securities	$	1,922	$	—	$	1,922	$	—	$	—
Derivative assets:
Interest rate swaps	5,722		—		69,522		—		(63,800		)
Mortgage delivery commitments	155		—		155		—		—
Total derivative assets	5,877		—		69,677		—		(63,800		)
Total assets at fair value	$	7,799	$	—	$	71,599	$	—	$	(63,800	)

Recurring Fair Value Measurements - Liabilities
Consolidated Obligation Bonds ⁽²⁾	$	3,402,366	$	—	$	3,402,366	$	—	$	—
Derivative liabilities:
Interest rate swaps	114,304		—		388,889		—		(274,585		)
Mortgage delivery commitments	584		—		584		—		—
Total derivative liabilities	114,888		—		389,473		—		(274,585		)
Total liabilities at fair value	$	3,517,254	$	—	$	3,791,839	$	—	$	(274,585	)


(1)	Amounts represent the effects of legally enforceable master netting agreements that allow the FHLBank to settle positive and negative positions and of cash collateral held or placed with the same counterparties.


(2)	Represents Consolidated Obligation Bonds recorded under the fair value option.

Fair Value, Option, Quantitative Disclosures [Table Text Block]

Fair Value Option Financial Liabilities (in thousands)



	Three Months Ended March 31,
	2013			2012
	Consolidated Bonds			Consolidated Bonds
Balance at beginning of period	$	(3,402,366	)	$	(4,900,296	)
New transactions elected for fair value option	—			(1,115,000		)
Maturities and terminations	1,400,000			1,810,000
Net gains on instruments held under fair value option	532			2,621
Change in accrued interest	(234		)	135
Balance at end of period	$	(2,002,068	)	$	(4,202,540	)

Fair Value, Option, Quantitative Disclosures, Change in Fair Value Included in Earnings [Table Text Block]

Changes in Fair Values for Items Measured at Fair Value Pursuant to the Election of the Fair Value Option (in thousands)



	Three Months Ended March 31,
	2013			2012
	Consolidated Bonds			Consolidated Bonds
Interest expense	$	(1,359	)	$	(2,891	)
Net gains on changes in fair value under fair value option	532			2,621
Total changes in fair value included in current period earnings	$	(827	)	$	(270	)

Fair Value Option, Quantitative Disclosure, Difference Between Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance Outstanding [Table Text Block]

Aggregate Unpaid Balance and Aggregate Fair Value (in thousands)



	March 31, 2013						December 31, 2012
	Aggregate Unpaid Principal Balance		Aggregate Fair Value		Fair Value Over/(Under) Aggregate Unpaid Principal Balance		Aggregate Unpaid Principal Balance		Aggregate Fair Value		Fair Value Over/(Under) Aggregate Unpaid Principal Balance
Consolidated Bonds	$	2,000,000	$	2,002,068	$	2,068	$	3,400,000	$	3,402,366	$	2,366

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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