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Statements of Condition (unaudited) - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Available-for-sale securities - amortized cost [1] $ 16,819,143 $ 16,792,153
Allowance for credit loss $ 2,200 $ 2,200
Common Stock, Class B, putable shares issued 22,074 21,952
Common Stock, Class B, putable shares outstanding 22,074 21,952
ASSETS    
Cash and due from banks $ 26,697 $ 5,149
Interest-bearing deposits 1,541,322 1,958,353
Securities purchased under agreements to resell 3,750,000 1,500,000
Federal funds sold 5,067,000 2,505,000
Investment securities:    
Trading securities 1,482 1,489
Available-for-sale securities (amortized cost of $16,819,143 and $16,792,153 at March 31, 2025, and December 31, 2024, respectively) 16,545,645 16,470,908
Held-to-maturity securities [2] 60,119 63,318
Total investment securities 16,607,246 16,535,715
Advances [3] 45,427,914 45,163,175
Mortgage loans held for portfolio, net of allowance for credit losses of $2,200 at March 31, 2025, and December 31, 2024 3,765,267 3,679,150
Accrued interest receivable 257,974 262,203
Derivative assets, net 276,454 301,873
Other assets 74,284 82,348
Total Assets 76,794,158 71,992,966
Deposits    
Interest-bearing 778,434 842,062
Non-interest-bearing 31,819 35,019
Total deposits 810,253 877,081
Consolidated obligations (COs):    
Bonds 57,203,139 48,192,171
Discount notes 14,301,193 18,546,504
Total consolidated obligations 71,504,332 66,738,675
Mandatorily redeemable capital stock 4,471 5,086
Accrued interest payable 366,601 328,596
Affordable Housing Program (AHP) payable 112,288 104,300
Derivative liabilities, net 5,263 4,746
Other liabilities 70,060 81,637
Total liabilities 72,873,268 68,140,121
Commitments and contingencies (Note 12)
Capital    
Capital stock – Class B – putable ($100 par value), 22,074 shares and 21,952 shares issued and outstanding at March 31, 2025, and December 31, 2024, respectively 2,207,384 2,195,167
Retained earnings:    
Unrestricted 1,407,846 1,403,455
Restricted 520,643 509,245
Total retained earnings 1,928,489 1,912,700
Accumulated other comprehensive loss (214,983) (255,022)
Total capital 3,920,890 3,852,845
Total Liabilities and Capital $ 76,794,158 $ 71,992,966
Common Class B [Member]    
Common Stock, Class B, putable par value per share $ 100 $ 100
[1] Amortized cost of available-for-sale securities includes adjustments made to the cost basis of an investment for accretion, amortization, collection of cash, and fair-value hedge accounting adjustments. Amortized cost excludes accrued interest receivable of $38.0 million and $45.2 million at March 31, 2025, and December 31, 2024, respectively
[2] Fair values of held-to-maturity securities were $60,194 and $63,197 at March 31, 2025, and December 31, 2024, respectively.
[3] Excludes accrued interest receivable of $190.3 million and $188.6 million at March 31, 2025, and December 31, 2024, respectively.