XML 98 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
OPERATING ACTIVITIES      
Net Income $ 41,655 $ 54,457  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 25,271 (174)  
(Reduction of ) provision for credit losses (684) 3  
Net change in derivatives and hedging activities (294,892) (279,554)  
Loss on early extinguishment of debt 0 9,865  
Other adjustments 912 512  
Realized net gain from sale of held-to-maturity securities [1] (40,733) 0  
Net change in:      
Market value of trading securities (46,120) 274  
Accrued interest receivable 2,285 6,528  
Other assets 4,143 (3,228)  
Accrued interest payable 3,533 22,593  
Other liabilities (9,862) 375  
Total adjustments (356,147) (242,806)  
Net cash used in operating activities (314,492) (188,349)  
INVESTING ACTIVITIES      
Interest-bearing deposits 23,464 49,939  
Securities purchased under agreements to resell 1,500,000 749,000  
Federal funds sold (2,595,000) (850,000)  
Trading securities:      
Proceeds 486 5,194  
Purchases (1,267,471) 0  
Available-for-sale securities:      
Proceeds 422,388 379,659  
Held-to-maturity securities:      
Proceeds 257,384 59,680  
Advances to members:      
Repaid 145,011,185 144,182,259  
Originated (155,343,704) (133,106,358)  
Mortgage loans held for portfolio:      
Proceeds 181,907 84,505  
Purchases (215,458) (155,055)  
Other investing activities, net 841 (173)  
Net cash (used in) provided by investing activities (12,023,978) 11,398,650  
FINANCING ACTIVITIES      
Net change in deposits 186,175 79,824  
Net payments on derivatives with a financing element (107,123) (4,002)  
Net proceeds from issuance of consolidated obligations:      
Discount notes 50,410,176 36,748,358  
Bonds 3,733,068 1,548,338  
Payments for maturing and retiring consolidated obligations:      
Discount notes (38,412,037) (46,229,722)  
Bonds (3,107,595) (2,585,153)  
Proceeds from issuance of capital stock 1,466,215 281,392  
Payments for repurchase of capital stock (1,068,710) (980,006)  
Payments for redemption of mandatorily redeemable capital stock 0 (14,455)  
Cash dividends paid (24,130) (37,272)  
Net cash provided by (used in) financing activities 13,076,039 (11,192,698)  
Net increase in cash and due from banks 737,569 17,603  
Cash and due from banks at beginning of the period 69,416 10,431 $ 10,431
Cash and due from banks at end of the period 806,985 28,034 69,416
Supplemental disclosures:      
Interest paid 245,004 317,374  
AHP payments 4,672 2,281 $ 15,723
Noncash transfers of mortgage loans held for portfolio to other assets 363 405  
Lease liabilities arising from obtaining right-of-use assets $ 0 $ 11,946  
[1]
The securities sold had less than 15 percent of the acquired principal outstanding at the time of the sale. Such sales are treated as maturities for the purposes of security classification. The sale does not impact our ability and intent to hold the remaining investments classified as held-to-maturity through their stated maturity dates.