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Derivatives and Hedging Activities Derivatives in Statement of Income and Impact on Interest Income/Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]      
Interest income on advances $ 854,599 $ 867,215 $ 514,176
Interest income on available-for-sale securities 115,942 143,952 118,270
Interest expense on consolidated obligations bonds (598,585) (545,228) (421,622)
Advances [Member] | Interest Rate Contract [Member] | Interest Income [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives (72,488)    
Hedge items 73,530    
Net changes in fair value before price alignment interest 1,042    
Price alignment interest [1] 1,316    
Net interest settlements on derivatives [2],[3] 39,085    
Net gains (losses) on qualifying fair-value hedging relationships 41,443    
Amortization/accretion of discontinued fair-value hedging relationships (1,934)    
Net gain (losses) on derivatives and hedging activities recorded in net interest income 39,509    
Advances [Member] | Interest Rate Contract [Member] | Interest Income [Member] | Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives   447 52,055
Hedge items   257 (52,633)
Net changes in fair value   704 (578)
Net interest settlements on derivatives [2],[3]   51,522 (24,663)
Net gains (losses) on qualifying fair-value hedging relationships   52,226 (25,241)
Amortization/accretion of discontinued fair-value hedging relationships   (1,475) (2,176)
Less: net changes In fair value [4]   (704) 578
Net gain (losses) on derivatives and hedging activities recorded in net interest income   50,047 (26,839)
Available-for-sale Securities [Member] | Interest Rate Contract [Member] | Interest Income [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives (24,274)    
Hedge items 21,329    
Net changes in fair value before price alignment interest (2,945)    
Price alignment interest [1] 3,769    
Net interest settlements on derivatives [2],[3] (22,249)    
Net gains (losses) on qualifying fair-value hedging relationships (21,425)    
Amortization/accretion of discontinued fair-value hedging relationships 0    
Net gain (losses) on derivatives and hedging activities recorded in net interest income (21,425)    
Available-for-sale Securities [Member] | Interest Rate Contract [Member] | Interest Income [Member] | Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives   43,771 20,747
Hedge items   (42,022) (19,011)
Net changes in fair value   1,749 1,736
Net interest settlements on derivatives [2],[3]   (26,040) (32,053)
Net gains (losses) on qualifying fair-value hedging relationships   (24,291) (30,317)
Amortization/accretion of discontinued fair-value hedging relationships   0 0
Less: net changes In fair value [4]   (1,749) (1,736)
Net gain (losses) on derivatives and hedging activities recorded in net interest income   (26,040) (32,053)
COs - bonds [Member] | Interest Rate Contract [Member] | Interest Expense [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives 55,777    
Hedge items (56,091)    
Net changes in fair value before price alignment interest (314)    
Price alignment interest [1] (786)    
Net interest settlements on derivatives [2],[3] (17,482)    
Net gains (losses) on qualifying fair-value hedging relationships (18,582)    
Amortization/accretion of discontinued fair-value hedging relationships (2,567)    
Net gain (losses) on derivatives and hedging activities recorded in net interest income $ (21,149)    
COs - bonds [Member] | Interest Rate Contract [Member] | Interest Expense [Member] | Designated as Hedging Instrument [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives   (5,680) 4,611
Hedge items   5,254 (8,077)
Net changes in fair value   (426) (3,466)
Net interest settlements on derivatives [2],[3]   (27,895) 6,694
Net gains (losses) on qualifying fair-value hedging relationships   (28,321) 3,228
Amortization/accretion of discontinued fair-value hedging relationships   945 1,903
Less: net changes In fair value [4]   426 3,466
Net gain (losses) on derivatives and hedging activities recorded in net interest income   $ (26,950) $ 8,597
[1]
Relates to derivatives for which variation margin payments are characterized as daily settled contracts.
[2]
Excludes the interest income/expense of the respective hedged items recorded in net interest income.
[3]
Represents interest income/expense on derivatives in qualifying fair-value hedging relationships. Net interest settlements on derivatives that are not in qualifying fair-value hedging relationships are reported in other income.
[4]
In 2018 and 2017, net changes in fair value were recorded in net gains on derivatives and hedging activities in other income.