Consolidated Obligations (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

CO Bonds by Year of Contractual Maturity [Table Text Block]

Table 14.1 - CO Bonds Outstanding by Contractual Maturity (dollars in thousands)
	December 31, 2019					December 31, 2018
Year of Contractual Maturity	Amount			Weighted Average Rate (1)		Amount			Weighted Average Rate (1)
Due in one year or less	$	9,455,725		2.03	%	$	9,638,270		2.01	%
Due after one year through two years	6,442,960			2.02		5,375,845			2.24
Due after two years through three years	2,154,920			2.18		3,864,560			2.17
Due after three years through four years	1,319,915			2.45		1,891,975			2.20
Due after four years through five years	1,211,080			2.48		1,338,515			2.39
Thereafter	3,220,205			3.33		3,792,150			3.25
Total par value	23,804,805			2.26	%	25,901,315			2.30	%
Premiums	63,056					49,118
Discounts	(11,434		)			(15,222		)
Hedging adjustments	32,066					(22,527		)
Total	$	23,888,493				$	25,912,684

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(1)

The CO bonds' weighted-average rate excludes concession fees.

Table 14.3 - CO Bonds Outstanding by Contractual Maturity or Next Call Date (dollars in thousands)
Year of Contractual Maturity or Next Call Date	December 31, 2019		December 31, 2018
Due in one year or less	$	11,297,725	$	13,435,270
Due after one year through two years	6,432,960		5,602,845
Due after two years through three years	2,019,920		2,802,560
Due after three years through four years	1,332,915		1,366,975
Due after four years through five years	926,080		1,156,515
Thereafter	1,795,205		1,537,150
Total par value	$	23,804,805	$	25,901,315

CO Bonds Long-term Debt Instruments [Table Text Block]

Table 14.4 - CO Bonds by Interest Rate-Payment Type (dollars in thousands)
Par Value of CO bonds	December 31, 2019		December 31, 2018
Fixed-rate	$	17,681,805	$	21,216,315
Simple variable-rate	5,568,000		2,853,000
Step-up (1)	555,000		1,832,000
Total par value	$	23,804,805	$	25,901,315

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(1) Step-up bonds pay interest at increasing fixed rates for specified intervals over the life of the CO bond and can be called at our option on the step-up dates.

Table 14.2 - CO Bonds Outstanding by Call Feature (dollars in thousands)
Par Value of CO bonds	December 31, 2019		December 31, 2018
Noncallable and nonputable	$	20,954,805	$	20,419,315
Callable	2,850,000		5,482,000
Total par value	$	23,804,805	$	25,901,315

CO Discount Notes [Table Text Block]

Outstanding CO discount notes for which we were primarily liable, all of which are due within one year, were as follows:

Table 14.5 - CO Discount Notes Outstanding (dollars in thousands)
	Book Value		Par Value		Weighted Average Rate (1)
December 31, 2019	$	27,681,169	$	27,733,146	1.59	%
December 31, 2018	$	33,065,822	$	33,147,065	2.37	%

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(1)

The CO discount notes' weighted-average rate represents a yield to maturity excluding concession fees.