Advances (Tables)

12 Months Ended

Dec. 31, 2019

Table 9.1 - Advances Outstanding by Year of Contractual Maturity (dollars in thousands)

	December 31, 2019					December 31, 2018
	Amount			Weighted Average Rate		Amount			Weighted Average Rate
Overdrawn demand-deposit accounts	$	5,101		2.05	%	$	12,332		2.88	%
Due in one year or less	18,972,466			1.96		24,029,592			2.48
Due after one year through two years	8,600,922			2.16		11,413,640			2.55
Due after two years through three years	2,200,019			2.16		2,832,290			2.47
Due after three years through four years	1,766,314			2.71		1,648,076			2.37
Due after four years through five years	1,726,754			2.15		1,980,468			2.24
Thereafter	1,312,311			2.68		1,351,987			2.99
Total par value	34,583,887			2.10	%	43,268,385			2.50	%
Premiums	3,397					3,935
Discounts	(41,744		)			(36,528		)
Fair value of bifurcated derivatives ⁽¹⁾	29,983					13,051
Hedging adjustments	19,840					(56,621		)
Total	$	34,595,363				$	43,192,222

_________________________

(1)

At December 31, 2019 and 2018, we had certain advances with embedded features that met the requirements to be separated from the host contract and designated as stand-alone derivatives.

Table 9.5 - Advances Prepayment Fees (dollars in thousands)

	For the Year Ended December 31,
	2019			2018			2017
Prepayment fees received from borrowers	$	33,809		$	409		$	1,568
Hedging fair-value adjustments on prepaid advances	1,923			264			(218		)
Net discounts (premiums) associated with prepaid advances	157			(159		)	(137		)
Deferred recognition of prepayment fees received from borrowers on advance prepayments deemed to be loan modifications	(1,793		)	(298		)	(315		)
Prepayment fees recognized in income on advance restructurings deemed to be extinguishments	915			—			—
Advance prepayment fees recognized in income, net	$	35,011		$	216		$	898

Table 9.2 - Advances Outstanding by Year of Contractual Maturity or Next Call Date (dollars in thousands)

	December 31, 2019		December 31, 2018
Overdrawn demand-deposit accounts	$	5,101	$	12,332
Due in one year or less	25,116,961		32,748,467
Due after one year through two years	3,450,922		3,913,640
Due after two years through three years	1,949,499		2,672,290
Due after three years through four years	1,461,314		1,261,176
Due after four years through five years	1,309,679		1,362,468
Thereafter	1,290,411		1,298,012
Total par value	$	34,583,887	$	43,268,385

Table 9.4 - Advances by Current Interest Rate Terms (dollars in thousands)

Par value of advances	December 31, 2019		December 31, 2018
Fixed-rate
Due in one year or less	$	18,733,966	$	23,822,091
Due after one year	9,372,625		9,748,187
Total fixed-rate	28,106,591		33,570,278

Variable-rate
Due in one year or less	243,601		219,832
Due after one year	6,233,695		9,478,275
Total variable-rate	6,477,296		9,698,107
Total par value	$	34,583,887	$	43,268,385

Table 9.3 - Advances Outstanding by Year of Contractual Maturity or Next Put Date (dollars in thousands)

Year of Contractual Maturity or Next Put Date, Par Value	December 31, 2019		December 31, 2018
Overdrawn demand-deposit accounts	$	5,101	$	12,332
Due in one year or less	20,240,466		25,199,892
Due after one year through two years	8,603,422		11,652,840
Due after two years through three years	2,001,019		2,834,790
Due after three years through four years	965,814		1,367,576
Due after four years through five years	1,598,254		1,152,468
Thereafter	1,169,811		1,048,487
Total par value	$	34,583,887	$	43,268,385