Consolidated Obligations (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Short-term and Long-term Debt [Line Items]

The following table presents a summary of the Bank’s consolidated obligation bonds outstanding by year of contractual maturity as of September 30, 2012 and December 31, 2011.



	September 30, 2012				December 31, 2011
(dollars in thousands) Year of Contractual Maturity	Amount		Weighted Average Interest Rate		Amount		Weighted Average Interest Rate
Due in 1 year or less	$	13,676,555	1.26	%	$	15,402,750	1.02	%
Due after 1 year through 2 years	5,954,470		1.99		4,692,105		2.58
Due after 2 years through 3 years	5,012,840		2.55		3,673,570		2.87
Due after 3 years through 4 years	1,730,790		2.75		4,490,540		2.82
Due after 4 years through 5 years	1,493,050		2.66		1,588,490		3.40
Thereafter	4,226,790		2.90		3,104,090		4.04
Index amortizing notes	1,154,461		4.50		2,182,420		4.65
Total par value	$	33,248,956	2.05	%	$	35,133,965	2.25	%

Schedule of Long-term Debt by Call Feature

The following table presents the Bank’s consolidated obligation bonds outstanding between noncallable and callable as of September 30, 2012 and December 31, 2011.



	September 30, 2012		December 31, 2011
(in thousands)	September 30, 2012		December 31, 2011
Noncallable	$	28,092,456	$	32,250,465
Callable	5,156,500		2,883,500
Total par value	$	33,248,956	$	35,133,965

Schedule of Maturities of Long-term Debt by Contractual or Next Call Date

The following table presents consolidated obligation bonds outstanding by the earlier of contractual maturity or next call date as of September 30, 2012 and December 31, 2011.



(in thousands) Year of Contractual Maturity or Next Call Date	September 30, 2012		December 31, 2011
Due in 1 year or less	$	18,437,555	$	17,205,750
Due after 1 year through 2 years	4,264,470		4,678,105
Due after 2 years through 3 years	4,748,340		3,612,070
Due after 3 years through 4 years	1,649,790		4,383,540
Due after 4 years through 5 years	1,138,050		1,383,490
Thereafter	1,856,290		1,688,590
Index amortizing notes	1,154,461		2,182,420
Total par value	$	33,248,956	$	35,133,965

Consolidated Obligation Bonds [Member]

Schedule of Short-term and Long-term Debt [Line Items]

Schedule of Interest Rate Payment Terms for Debt

The following table details interest rate payment terms for consolidated obligation bonds as of September 30, 2012 and December 31, 2011.



	September 30, 2012			December 31, 2011
(in thousands)	September 30, 2012			December 31, 2011
Par value of consolidated bonds:
Fixed-rate	$	30,900,956		$	34,298,965
Step-up	1,488,000			215,000
Floating-rate	860,000			620,000
Total par value	33,248,956			35,133,965
Bond premiums	105,053			125,933
Bond discounts	(19,704		)	(23,290		)
Hedging adjustments	331,147			376,428
Total book value	$	33,665,452		$	35,613,036

Discount Notes [Member]

Schedule of Short-term and Long-term Debt [Line Items]

Schedule of Short-term Debt

The following table details the Bank’s consolidated obligation discount notes, all of which are due within one year, as of September 30, 2012 and December 31, 2011.



(dollars in thousands)	September 30, 2012			December 31, 2011
Book value	$	20,888,257		$	10,921,498
Par value	20,893,996			10,922,000
Weighted average interest rate ⁽¹⁾	0.13		%	0.03		%

Note:

⁽¹⁾Represents an implied rate.