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Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME:    
Advances $ 1,056,977 $ 896,609
Prepayment fees on Advances, net 271 31
Interest-bearing deposits 24,419 24,850
Securities purchased under agreements to resell 29,780 23,517
Federal funds sold 113,048 87,869
Investment securities:    
Trading securities 17,370 18,454
Available-for-sale securities 144,565 107,111
Held-to-maturity securities 224,183 169,897
Total investment securities 386,118 295,462
Mortgage loans held for portfolio 57,962 52,792
Loans to other FHLBanks 222 482
Total interest income 1,668,797 1,381,612
Consolidated Obligations:    
Discount Notes 260,149 547,441
Bonds 1,192,672 641,996
Total Consolidated Obligations 1,452,821 1,189,437
Deposits 14,724 11,718
Mandatorily redeemable capital stock 385 256
Total interest expense 1,467,930 1,201,411
NET INTEREST INCOME 200,867 180,201
NON-INTEREST INCOME (LOSS):    
Net gains (losses) on trading securities (13,794) 25,360
Net gains (losses) on sales of available-for-sale securities 1,136 0
Net gains (losses) on financial instruments held under fair value option (8,599) (34,812)
Net gains (losses) on derivatives 20,973 (7,916)
Other, net 7,794 6,990
Total non-interest income (loss) 7,510 (10,378)
NON-INTEREST EXPENSE:    
Compensation and benefits 14,688 14,084
Other operating expenses 8,908 7,422
Finance Agency 2,840 2,744
Office of Finance 1,747 1,320
Voluntary housing contributions 15,697 422
Other 1,701 2,234
Total non-interest expense 45,581 28,226
INCOME BEFORE ASSESSMENTS 162,796 141,597
Affordable Housing Program assessments 16,318 14,185
NET INCOME $ 146,478 $ 127,412