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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
OPERATING ACTIVITIES:    
Net income $ 63,510 $ 57,693
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,860 7,715
Change in net fair value adjustment on derivative and hedging activities 7,804 28,814
Net change in fair value adjustments on trading securities (1) 8,880
Net change in fair value adjustments on Consolidated Obligation Bonds held at fair value (532) (2,621)
Other adjustments (2,502) 1,400
Net change in:    
Accrued interest receivable 139 (14,742)
Other assets 2,264 2,559
Accrued interest payable 14,296 (7,195)
Other liabilities 2,451 15,279
Total adjustments 27,779 40,089
Net cash provided by operating activities 91,289 97,782
Net change in:    
Interest-bearing deposits 32,288 64,965
Securities purchased under agreements to resell 850,000 (2,600,000)
Federal funds sold (250,000) (785,000)
Premises, software, and equipment (797) (179)
Trading securities:    
Net increase in short-term 0 (231,230)
Proceeds from maturities of long-term 83 48
Available-for-sale securities:    
Net increase in short-term (500,000) (91,183)
Held-to-maturity securities:    
Net decrease (increase) in short-term 659 (1,180,072)
Proceeds from maturities of long-term 773,803 856,409
Purchases of long-term (1,698,350) (452,601)
Advances:    
Proceeds 204,371,433 143,651,562
Made (208,746,435) (142,476,529)
Mortgage loans held for portfolio:    
Principal collected 652,170 615,805
Purchases (339,823) (980,998)
Net cash used in investing activities (4,854,969) (3,609,003)
FINANCING ACTIVITIES:    
Net (decrease) increase in deposits and pass-through reserves (76,190) 150,870
Net payments on derivative contracts with financing elements (11,562) (44,433)
Net proceeds from issuance of Consolidated Obligations:    
Discount Notes 47,052,712 48,407,843
Bonds 5,368,244 5,206,868
Payments for maturing and retiring Consolidated Obligations:    
Discount Notes (43,820,701) (47,468,707)
Bonds (3,762,062) (4,742,556)
Proceeds from issuance of capital stock 474,153 30,712
Payments for redemption of mandatorily redeemable capital stock (95,098) (20,471)
Cash dividends paid (38,454) (35,316)
Net cash provided by financing activities 5,091,042 1,484,810
Net increase (decrease) in cash and cash equivalents 327,362 (2,026,411)
Cash and cash equivalents at beginning of the period 16,423 2,033,944
Cash and cash equivalents at end of the period 343,785 7,533
Supplemental Disclosures:    
Interest paid 129,497 171,508
AHP payments, net $ 2,395 $ 2,454