Transactions with Shareholders

3 Months Ended

Mar. 31, 2020

Transactions with Shareholders [Abstract]

Transactions with Shareholders [Text Block]

Transactions with Shareholders

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Shareholder Concentrations. We consider shareholder concentrations as members or nonmembers whose capital stock holdings (including mandatorily redeemable capital stock) are in excess of 10 percent of total capital stock outstanding at March 31, 2020.

Table 15.1 - Shareholder Concentrations, Balance Sheet (dollars in thousands)
	Capital Stock Outstanding		Percent of Total Capital Stock		Par Value of Advances		Percent of Total Par Value of Advances		Total Accrued Interest Receivable		Percent of Total Accrued Interest Receivable on Advances
March 31, 2020
Citizens Bank, N.A.	$	342,580	15.1	%	$	8,005,678	17.8	%	$	1,072	2.3	%
December 31, 2019
Citizens Bank, N.A.	$	222,684	11.9	%	$	5,005,773	14.5	%	$	1,678	3.5	%

We held sufficient collateral to support the advances to the above institution such that we do not expect to incur any credit losses on these advances.

Table 15.2 - Shareholder Concentrations, Income Statement (dollars in thousands)
	Interest Income on Advances		Percent of Total Advances Interest Income		Fees on Letters of Credit		Percent of Total Fees on Letters of Credit
Citizens Bank, N.A.
For the three months ended March 31, 2020	$	23,750	14.1	%	$	1,586	61.8	%
For the three months ended March 31, 2019	$	39,113	15.8	%	$	1,878	81.4	%

Transactions with Directors' Institutions. We provide, in the ordinary course of business, products and services to members whose officers or directors serve on our board of directors. In accordance with FHFA regulations, transactions with directors' institutions are conducted on the same terms as those with any other member.

Table 15.3 - Transactions with Directors' Institutions (dollars in thousands)
	Capital Stock Outstanding		Percent of Total Capital Stock		Par Value of Advances		Percent of Total Par Value of Advances		Total Accrued Interest Receivable		Percent of Total Accrued Interest Receivable on Advances
March 31, 2020	$	452,365	19.9	%	$	10,137,669	22.6	%	$	4,120	8.9	%
December 31, 2019	112,811		6.0		2,224,141		6.4		3,581		7.4