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Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net Income $ 56,991 $ 77,846
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (39,915) 15,496
Provision for credit losses 0 600
Net change in derivatives and hedging activities (202,350) 112,077
Other adjustments, net 2,824 543
Net change in:    
Market value of trading securities 7 (172)
Accrued interest receivable 4,229 (16,566)
Other assets 6,160 6,484
Accrued interest payable 38,020 14,127
Other liabilities (4,568) 12,561
Total adjustments (195,593) 145,150
Net cash (used in) provided by operating activities (138,602) 222,996
INVESTING ACTIVITIES    
Interest-bearing deposits 553,263 (76,062)
Securities purchased under agreements to resell (2,250,000) (150,000)
Federal funds sold (2,562,000) (551,000)
Advances to members (203,113) 1,955,311
Available-for-sale securities:    
Proceeds 155,333 358,628
Purchases 0 (439,674)
Held-to-maturity securities:    
Proceeds 3,025 4,584
Mortgage loans held for portfolio:    
Proceeds 74,427 58,328
Purchases (161,631) (147,151)
Other investing activities, net (349) (207)
Net cash (used in) provided by investing activities (4,391,045) 1,012,757
FINANCING ACTIVITIES    
Net change in deposits (61,277) 10,143
Net payments on derivatives with a financing element (8,981) 19,167
Net proceeds from issuance of consolidated obligations:    
Discount notes 16,225,726 24,337,549
Bonds 20,978,989 6,685,488
Payments for maturing and retiring consolidated obligations:    
Discount notes (20,446,237) (26,303,060)
Discount notes transferred to other FHLBanks 0 (4,866)
Bonds (12,107,415) (5,862,155)
Payment of financing lease (10) (15)
Proceeds from issuance of capital stock 651,742 618,309
Payments for repurchase of capital stock (639,525) (677,659)
Payments for redemption of mandatorily redeemable capital stock (615) 0
Cash dividends paid (41,202) (41,450)
Net cash provided by (used in) financing activities 4,551,195 (1,218,549)
Net increase in cash and due from banks 21,548 17,204
Cash and due from banks at beginning of the period 5,149 53,412
Cash and due from banks at end of the period 26,697 70,616
Supplemental disclosures:    
Interest paid 759,174 777,972
Noncash transfers of mortgage loans held for portfolio to other assets $ 347 $ 0