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Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net income $ 151,792 $ 117,902
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,521 28,583
Net change in derivative and hedging activities 7,937 (36,990)
Net change in fair value adjustments on trading securities 4 (1)
Net change in fair value adjustments on financial instruments held under fair value option 12,458 32,947
Net change in:    
Accrued interest receivable (8,593) (9,752)
Other assets 29,486 4,875
Accrued interest payable 2,723 17,189
Other liabilities 2,234 3,940
Total adjustments 70,770 40,791
Net cash provided by operating activities 222,562 158,693
Net change in:    
Interest-bearing deposits 31,358 (96,178)
Securities purchased under agreements to resell (636,212) 5,613,722
Federal funds sold (2,773,000) 9,520,000
Premises, software, and equipment (954) (1,009)
Trading securities:    
Proceeds from maturities of long-term 84 83
Available-for-sale securities:    
Net decrease (increase) in short-term 950,000 (500,000)
Held-to-maturity securities:    
Net (increase) decrease in short-term (1,510) 1,672
Proceeds from maturities of long-term 1,067,947 1,297,615
Purchases of long-term (1,695,542) (1,091,090)
Advances:    
Proceeds 1,061,870,216 591,327,098
Made (1,063,075,660) (592,545,989)
Mortgage loans held for portfolio:    
Principal collected 605,081 679,892
Purchases (925,134) (1,232,995)
Net cash (used in) provided by investing activities (4,583,326) 12,972,821
FINANCING ACTIVITIES:    
Net (decrease) increase in deposits and pass-through reserves (71,905) 100,600
Net payments on derivative contracts with financing elements (2,898) (7,640)
Net proceeds from issuance of Consolidated Obligations:    
Discount Notes 293,476,586 173,693,969
Bonds 13,680,336 28,842,319
Payments for maturing and retiring Consolidated Obligations:    
Discount Notes (288,823,225) (202,005,522)
Bonds (13,505,000) (13,522,053)
Proceeds from issuance of capital stock 250,196 35,663
Payments for repurchase/redemption of mandatorily redeemable capital stock (186,218) (179,929)
Cash dividends paid (95,629) (86,969)
Net cash provided by (used in) financing activities 4,722,243 (13,129,562)
Net increase in cash and cash equivalents 361,479 1,952
Cash and cash equivalents at beginning of the period 8,737 10,136
Cash and cash equivalents at end of the period 370,216 12,088
Supplemental Disclosures:    
Interest paid 510,622 420,646
Affordable Housing Program payments, net $ 14,548 $ 19,620