Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

Off-Balance Sheet Commitments [Table Text Block]

The following table presents the Bank's various off-balance sheet commitments which are described in detail below.

(in thousands)	September 30, 2012						December 31, 2011
Notional amount	Expire Within One Year		Expire After One Year		Total		Total
Standby letters of credit outstanding (1)	$	6,577,252	$	122,657	$	6,699,909	$	6,702,082
Commitments to fund additional advances and BOB loans	988,575		10,000		998,575		553,134
Commitments to fund or purchase mortgage loans	28,813		—		28,813		13,984
Unsettled consolidated obligation bonds, at par (2)	5,130,000		—		5,130,000		55,000

Notes:

⁽¹⁾ Includes approved requests to issue future standby letters of credit of $148.2 million and $126.3 million at September 30, 2012 and December 31, 2011, respectively.

⁽²⁾ Includes $5.1 billion and $55.0 million of consolidated obligation bonds which were hedged with associated interest rate swaps at September 30, 2012 and December 31, 2011, respectively.