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Transactions with Other FHLBanks
 9 Months Ended
Sep. 30, 2013
Transactions with Other FHLBanks [Abstract]  
Transactions with Other FHLBanks [Text Block]
Transactions with Other FHLBanks
Occasionally, the Bank loans (or borrows) short-term federal funds to (or from) other FHLBanks. During the nine months ended September 30, 2013 and 2012, interest income from loans to other FHLBanks totaled $2,031 and $744, respectively. The following table summarizes the Bank’s loans to other FHLBanks during the nine months ended September 30, 2013 and 2012 (in thousands).
 
Nine Months Ended September 30,
 
2013
 
2012
Balance at January 1,
$
—

 
$
35,000

Loans made to:
 
 
 
FHLBank of San Francisco
475,000

 
200,000

FHLBank of Atlanta
200,000

 
—

FHLBank of Indianapolis
377,000

 
—

Collections from:
 
 
 
FHLBank of Topeka
—

 
(35,000
)
FHLBank of San Francisco
(475,000
)
 
(200,000
)
FHLBank of Atlanta
(200,000
)
 
—

FHLBank of Indianapolis
(377,000
)
 
—

Balance at September 30,
$
—

 
$
—


During the nine months ended September 30, 2013 and 2012, interest expense on borrowings from other FHLBanks totaled $389 and $1,567, respectively. The following table summarizes the Bank’s borrowings from other FHLBanks during the nine months ended September 30, 2013 and 2012 (in thousands).
 
Nine Months Ended September 30,
 
2013
 
2012
Balance at January 1,
$
—

 
$
—

Borrowings from:
 
 
 
FHLBank of San Francisco
200,000

 
420,000

 FHLBank of Topeka
—

 
40,000

FHLBank of Seattle
—

 
40,000

Repayments to:
 
 
 
FHLBank of San Francisco
(200,000
)
 
(420,000
)
 FHLBank of Topeka
—

 
(40,000
)
Balance at September 30,
$
—

 
$
40,000


The Bank has, from time to time, assumed the outstanding debt of another FHLBank rather than issue new debt. In connection with these transactions, the Bank becomes the primary obligor for the transferred debt. The Bank did not assume any debt from other FHLBanks during the nine months ended September 30, 2013 or 2012.
Occasionally, the Bank transfers debt to other FHLBanks. In connection with these transactions, the assuming FHLBank becomes the primary obligor for the transferred debt. The Bank did not transfer any debt to other FHLBanks during the nine months ended September 30, 2013 or 2012.