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Derivatives and Hedging Activities Offsetting of Derivative Assets and Derivative Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Offsetting Assets [Line Items]    
Derivative Asset, Netting Adjustments And Cash Collateral [2] $ (159,469) [1] $ (52,987) [3]
Derivative assets 41,103 101,991
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction [4] 41,103 101,991
Derivative Liability, Netting Adjustments And Cash Collateral [2] (53,204) [1] (47,942) [3]
Derivative liabilities 410 9,831
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction [4] 410 596
Derivative Liabilities, Additional Net Exposure, Collateral Pledged to Counterparties in Excess of Net Liabilities 806,963 810,559
Uncleared derivatives    
Offsetting Assets [Line Items]    
Derivative Asset, Total Gross Amount 178,528 149,580
Derivative Asset, Netting Adjustments And Cash Collateral (172,209) (139,559)
Derivative Asset, Not Subject to Master Netting Arrangement [5] 170 1,202
Derivative assets 6,489 11,223
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Security Not Offset 0 0
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction [4] 6,489 11,223
Derivative Liability, Total Gross Amount 42,128 42,910
Derivative Liability, Netting Adjustments And Cash Collateral (41,746) (42,320)
Derivative Liability, Not Subject to Master Netting Arrangement [5] 28 6
Derivative liabilities 410 596
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Security Not Offset 0 0
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction [4] 410 596
Cleared derivatives    
Offsetting Assets [Line Items]    
Derivative Asset, Total Gross Amount 21,874 4,196
Derivative Asset, Netting Adjustments And Cash Collateral 12,740 86,572
Derivative Asset, Not Subject to Master Netting Arrangement [5] 0 0
Derivative assets 34,614 90,768
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Security Not Offset 0 0
Derivative Asset, Including Not Subject to Master Netting Arrangement, after Offset and Deduction [4] 34,614 90,768
Derivative Liability, Total Gross Amount 11,458 14,857
Derivative Liability, Netting Adjustments And Cash Collateral (11,458) (5,622)
Derivative Liability, Not Subject to Master Netting Arrangement [5] 0 0
Derivative liabilities 0 9,235
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Security Not Offset 0 9,235
Derivative Liability, Including Not Subject to Master Netting Arrangement, after Offset and Deduction [4] $ 0 $ 0
[1] Amounts represent the application of the netting requirements that allow the FHLB to settle positive and negative positions and also cash collateral and related accrued interest held or placed by the FHLB with the same counterparty.
[2] Amounts represent the application of the netting requirements that allow the FHLB to settle positive and negative positions, and also cash collateral, including accrued interest, held or placed by the FHLB with the same clearing agent and/or counterparty. Cash collateral posted, including accrued interest, was (in thousands) $24,198 and $98,438 at March 31, 2024 and December 31, 2023, respectively. Cash collateral received, including accrued interest, was (in thousands) $130,463 and $103,483 at March 31, 2024 and December 31, 2023, respectively.
[3] Amounts represent the application of the netting requirements that allow the FHLB to settle positive and negative positions and also cash collateral and related accrued interest held or placed by the FHLB with the same counterparty.
[4] Any over-collateralization at the individual clearing agent and/or counterparty level is not included in the determination of the net amount. At March 31, 2024 and December 31, 2023, the FHLB had additional net credit exposure of (in thousands) $806,963 and $810,559, respectively, due to instances where the FHLB's non-cash collateral to a counterparty exceeded the FHLB's net derivative position.
[5] Includes mortgage delivery commitments that are not subject to an enforceable netting agreement.