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Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
INTEREST INCOME:        
Advances $ 215,191 $ 138,488 $ 396,444 $ 272,008
Prepayment fees on Advances, net 98 1,831 445 4,075
Interest-bearing deposits 25 77 41 156
Securities purchased under agreements to resell 6,633 1,835 11,359 3,757
Federal funds sold 11,315 7,690 21,765 18,860
Investment securities:        
Trading securities 6 6 10 11
Available-for-sale securities 967 1,278 2,749 2,289
Held-to-maturity securities 76,149 82,657 148,904 167,214
Total investment securities 77,122 83,941 151,663 169,514
Mortgage loans held for portfolio 74,279 64,008 146,716 131,892
Total interest income 384,663 297,870 728,433 600,262
Consolidated Obligations:        
Discount Notes 79,687 44,419 136,336 99,299
Bonds 197,573 169,512 380,186 326,836
Total Consolidated Obligations 277,260 213,931 516,522 426,135
Deposits 1,021 300 1,785 580
Loans from other FHLBanks 6 0 6 0
Mandatorily redeemable capital stock 608 1,029 1,079 2,092
Total interest expense 278,895 215,260 519,392 428,807
NET INTEREST INCOME 105,768 82,610 209,041 171,455
NON-INTEREST INCOME (LOSS):        
Net (losses) gains on trading securities (1) 1 (4) 1
Net losses on financial instruments held under fair value option (6,397) (19,290) (12,458) (32,947)
Net gains on derivatives and hedging activities 13,260 22,385 5,144 28,030
Standby Letters of Credit fees 2,816 3,086 5,679 6,230
Other, net 378 433 982 1,113
Total non-interest income (loss) 10,056 6,615 (657) 2,427
NON-INTEREST EXPENSE:        
Compensation and benefits 10,479 10,210 22,244 20,778
Other operating expenses 4,412 5,943 9,574 11,852
Finance Agency 1,641 1,534 3,281 3,069
Office of Finance 1,018 1,023 2,120 2,218
Other 1,990 2,186 2,387 4,730
Total non-interest expense 19,540 20,896 39,606 42,647
INCOME BEFORE ASSESSMENTS 96,284 68,329 168,778 131,235
Affordable Housing Program assessments 9,690 6,936 16,986 13,333
NET INCOME $ 86,594 $ 61,393 $ 151,792 $ 117,902