Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

On February 13, 2020, the board of directors declared a cash dividend at an annualized rate of 5.46 percent based on capital stock balances outstanding during the fourth quarter of 2019. The dividend, including dividends classified as interest on mandatorily redeemable capital stock, amounted to $24.3 million and was paid on March 3, 2020.

During the first quarter of 2020, a gain of $40.7 million was realized on the sale of held-to-maturity securities, which had an amortized cost of $121.0 million, and of which at least 85 percent of the principal outstanding at acquisition had been collected.