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Transactions with Other FHLBanks
 12 Months Ended
Dec. 31, 2019
Transactions with Other FHLBanks [Abstract]  
Transactions with Other FHLBanks [Text Block] Transactions with Other FHLBanks

We may occasionally enter into transactions with other FHLBanks. These transactions are summarized below.

Overnight Funds. We may borrow or lend unsecured overnight funds from or to other FHLBanks. All such transactions are at current market rates. Interest income and interest expense related to these transactions with other FHLBanks are included within other interest income and interest expense from other borrowings in the statement of operations. Interest income on loans to other FHLBanks was $25 thousand, $21 thousand and $43 thousand for the years ended December 31, 2019, 2018, and 2017, respectively. Interest expense for loans from other FHLBanks was $20 thousand, $36 thousand, and $6 thousand for the years ended December 31, 2019, 2018, and 2017, respectively.

MPF Mortgage Loans. We pay a transaction-services fee and a membership fee to the FHLBank of Chicago for our participation in the MPF program. For the years ended December 31, 2019, 2018, and 2017, we recorded $2.8 million, $2.5 million, and $2.2 million, respectively in MPF transaction-services fee expense to the FHLBank of Chicago which has been recorded in the statement of operations as other expense. The membership fee has been recorded in the statement of operations as an operating expense, and totaled $600 thousand for each of the years ended December 31, 2019, 2018 and 2017.

COs. From time to time, one FHLBank may transfer to another FHLBank the COs for which the transferring FHLBank was originally the primary obligor but upon transfer the assuming FHLBank becomes the primary obligor. During the year ended December 31, 2019, we transferred debt obligations with a par amount of $10.0 million and a fair value of approximately $12.7 million on the day they were transferred. During the years ended December 31, 2018 and 2017, there were no transfers of COs between us and other FHLBanks.