Segment Information

6 Months Ended

Jun. 30, 2017

Segment Information

The FHLB has identified two primary operating segments based on its method of internal reporting: Traditional Member Finance and the MPP. These segments reflect the FHLB's two primary Mission Asset Activities and the manner in which they are managed from the perspective of development, resource allocation, product delivery, pricing, credit risk and operational administration. The segments identify the principal ways the FHLB provides services to member stockholders.

Table 17.1 - Financial Performance by Operating Segment (in thousands)



	Three Months Ended June 30,
	Traditional Member Finance		MPP			Total
2017
Net interest income	$	82,116	$	23,652		$	105,768
Non-interest income (loss)	10,639		(583		)	10,056
Non-interest expense	16,980		2,560			19,540
Income before assessments	75,775		20,509			96,284
Affordable Housing Program assessments	7,639		2,051			9,690
Net income	$	68,136	$	18,458		$	86,594
2016
Net interest income	$	66,533	$	16,077		$	82,610
Non-interest income	6,207		408			6,615
Non-interest expense	18,279		2,617			20,896
Income before assessments	54,461		13,868			68,329
Affordable Housing Program assessments	5,549		1,387			6,936
Net income	$	48,912	$	12,481		$	61,393



	Six Months Ended June 30,
	Traditional Member Finance		MPP			Total
2017
Net interest income	$	161,990	$	47,051		$	209,041
Non-interest income (loss)	1,074		(1,731		)	(657		)
Non-interest expense	34,120		5,486			39,606
Income before assessments	128,944		39,834			168,778
Affordable Housing Program assessments	13,002		3,984			16,986
Net income	$	115,942	$	35,850		$	151,792
2016
Net interest income	$	135,714	$	35,741		$	171,455
Non-interest income	1,042		1,385			2,427
Non-interest expense	37,250		5,397			42,647
Income before assessments	99,506		31,729			131,235
Affordable Housing Program assessments	10,160		3,173			13,333
Net income	$	89,346	$	28,556		$	117,902

Table 17.2 - Asset Balances by Operating Segment (in thousands)



	Assets
	Traditional Member Finance		MPP		Total
June 30, 2017	$	98,533,598	$	10,519,207	$	109,052,805
December 31, 2016	95,456,372		9,178,909		104,635,281