Consolidated Obligations (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

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

Table 9.3 - CO Bonds Outstanding by Contractual Maturity or Next Call Date (dollars in thousands)
	March 31, 2020		December 31, 2019
Due in one year or less	$	13,165,560	$	11,297,725
Due after one year through two years	5,055,405		6,432,960
Due after two years through three years	2,189,475		2,019,920
Due after three years through four years	1,209,550		1,332,915
Due after four years through five years	1,134,280		926,080
Thereafter	1,658,540		1,795,205
Total par value	$	24,412,810	$	23,804,805

Table 9.1 - CO Bonds Outstanding by Contractual Maturity (dollars in thousands)
	March 31, 2020					December 31, 2019
	Amount			Weighted Average Rate (1)		Amount			Weighted Average Rate (1)
Due in one year or less	$	11,488,560		1.13	%	$	9,455,725		2.03	%
Due after one year through two years	4,990,405			1.80		6,442,960			2.02
Due after two years through three years	2,269,475			2.07		2,154,920			2.18
Due after three years through four years	1,211,550			2.47		1,319,915			2.45
Due after four years through five years	1,474,280			2.40		1,211,080			2.48
Thereafter	2,978,540			3.43		3,220,205			3.33
Total par value	24,412,810			1.78	%	23,804,805			2.26	%
Premiums	74,030					63,056
Discounts	(11,159		)			(11,434		)
Hedging adjustments	100,905					32,066
Total	$	24,576,586				$	23,888,493

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(1)

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

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

Table 9.4 - CO Bonds by Interest Rate-Payment Type (dollars in thousands)
Par Value of CO bonds	March 31, 2020		December 31, 2019
Fixed-rate	$	17,068,810	$	17,681,805
Simple variable-rate	6,959,000		5,568,000
Step-up (1)	385,000		555,000
Total par value	$	24,412,810	$	23,804,805

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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 9.2 - CO Bonds Outstanding by Call Feature (dollars in thousands)
Par Value of CO bonds	March 31, 2020		December 31, 2019
Noncallable and nonputable	$	21,805,810	$	20,954,805
Callable	2,607,000		2,850,000
Total par value	$	24,412,810	$	23,804,805

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 9.5 - CO Discount Notes Outstanding (dollars in thousands)
	Book Value		Par Value		Weighted Average Rate (1)
March 31, 2020	$	39,692,253	$	39,743,071	1.10	%
December 31, 2019	$	27,681,169	$	27,733,146	1.59	%

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(1)

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