Commitments and Contingencies

6 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies [Text Block]

Commitments and Contingencies

Table 19.1 - Off-Balance Sheet Commitments (in thousands)

	June 30, 2017						December 31, 2016
Notional Amount	Expire within one year		Expire after one year		Total		Expire within one year		Expire after one year		Total
Standby Letters of Credit outstanding	$	16,994,419	$	180,349	$	17,174,768	$	17,029,024	$	479,119	$	17,508,143
Commitments for standby bond purchases	38,275		59,440		97,715		28,810		77,240		106,050
Commitments to purchase mortgage loans	264,427		—		264,427		440,849		—		440,849
Unsettled Consolidated Discount Notes, at par (1)	43,000		—		43,000		5,500		—		5,500

(1) Expiration is based on settlement period rather than underlying contractual maturity of Consolidated Obligations.

Legal Proceedings. From time to time, the FHLB is subject to legal proceedings arising in the normal course of business. The FHLB would record an accrual for a loss contingency when it is probable that a loss has been incurred and the amount could be reasonably estimated. After consultation with legal counsel, management does not anticipate that ultimate liability, if any, arising out of any matters will have a material effect on the FHLB's financial condition or results of operations.