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Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income        
Advances $ 659 $ 537 $ 1,315 $ 992
Interest-bearing deposits 25 17 53 31
Securities purchased under agreements to resell 28 11 54 17
Federal funds sold 77 59 155 108
Trading securities 9 1 10 1
Available-for-sale securities 21 26 44 52
Held-to-maturity securities 175 153 347 280
Mortgage loans 5 5 9 11
Total interest income 999 809 1,987 1,492
Interest expense        
Consolidated obligation discount notes 410 282 782 506
Consolidated obligation bonds 450 392 916 712
Interest-bearing deposits 7 4 13 8
Total interest expense 867 678 1,711 1,226
Net interest income 132 131 276 266
Noninterest income (loss)        
Total other-than-temporary impairment losses 0 0 0 0
Net amount of impairment losses reclassified from accumulated other comprehensive income (2) (1) (3) (1)
Net impairment losses recognized in earnings (2) (1) (3) (1)
Net gains (losses) on trading securities 1 (1) 2 (2)
Net (losses) gains on derivatives and hedging activities (2) 14 (4) 36
Standby letters of credit fees 6 7 13 13
Other 1 2 3 2
Total noninterest income 4 21 11 48
Noninterest expense        
Compensation and benefits 17 19 37 39
Other operating expenses 10 9 19 18
Finance Agency 2 2 5 4
Office of Finance 1 1 3 3
Other 2 2 7 4
Total noninterest expense 32 33 71 68
Income before assessment 104 119 216 246
Affordable Housing Program assessment 11 12 22 25
Net income $ 93 $ 107 $ 194 $ 221