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Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES:    
Net income $ 146,478 $ 127,412
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization/(accretion) (102,516) 168,067
Net change in derivative and hedging activities 382,746 (289,560)
Net change in fair value adjustments on trading securities 13,794 (25,360)
Net realized (gains) losses from sales of available-for-sale securities (1,136) 0
Net change in fair value adjustments on financial instruments held under fair value option 8,599 34,812
Other adjustments, net 260 245
Net change in:    
Accrued interest receivable (875) (169,783)
Other assets 3,098 3,461
Accrued interest payable 62,633 67,999
Other liabilities 22,765 2,297
Total adjustments 389,368 (207,822)
Net cash provided by (used in) operating activities 535,846 (80,410)
Net change in:    
Interest-bearing deposits 223,910 (104,448)
Securities purchased under agreements to resell 3,480,080 (8,745,910)
Federal funds sold 519,000 (3,261,000)
Trading securities:    
Proceeds from maturities and paydowns 250,015 19
Purchases (999,170) 0
Available-for-sale securities:    
Proceeds from maturities and paydowns 21,329 0
Proceeds from sales 966,289 0
Purchases (132,842) (197,872)
Held-to-maturity securities:    
Proceeds from maturities and paydowns 556,488 305,898
Purchases (216,961) (336,657)
Advances, net 335,881 (40,449,531)
Mortgage loans held for portfolio:    
Principal collected 134,270 134,797
Purchases (200,875) (42,284)
Loans to other FHLBanks, net 0 (750,000)
Premises, software, and equipment, net (2,330) (1,177)
Net cash provided by (used in) investing activities 4,935,084 (53,448,165)
FINANCING ACTIVITIES:    
Net change in deposits and pass-through reserves 11,507 228,297
Net proceeds from issuance of Consolidated Obligations:    
Discount Notes 19,185,422 108,499,748
Bonds 31,614,919 53,303,735
Bonds transferred from other FHLBanks 0 249,999
Payments for maturing and retiring Consolidated Obligations:    
Discount Notes (24,528,835) (79,687,171)
Bonds (31,477,000) (29,003,945)
Proceeds from issuance of capital stock 333,136 3,108,662
Payments for repurchase of capital stock (500,041) (1,653,297)
Payments for repurchase/redemption of mandatorily redeemable capital stock (268) (1,405)
Cash dividends paid (111,004) (74,038)
Net cash provided by (used in) financing activities (5,472,164) 54,970,585
Net increase (decrease) in cash and due from banks (1,234) 1,442,010
Cash and due from banks at beginning of the period 20,824 19,604
Cash and due from banks at end of the period 19,590 1,461,614
Supplemental Disclosures:    
Interest paid 1,548,543 982,784
Affordable Housing Program payments, net $ 1,845 $ 4,234