Consolidated Obligations (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Consolidated Obligation Bonds By Interest Rate Payment Terms [Table Text Block]

The following table summarizes the Bank’s consolidated obligation bonds outstanding by interest rate payment terms at September 30, 2013 and December 31, 2012 (in thousands, at par value).



	September 30, 2013		December 31, 2012
Fixed-rate	$	15,204,410	$	18,763,230
Variable-rate	4,171,000		4,235,000
Step-up	2,610,000		2,475,000
Step-down	100,000		100,000
Total par value	$	22,085,410	$	25,573,230

Schedule of Maturities of Long-term Debt [Table Text Block]

The following is a summary of the Bank’s consolidated obligation bonds outstanding at September 30, 2013 and December 31, 2012, by contractual maturity (dollars in thousands):



	September 30, 2013					December 31, 2012
Contractual Maturity	Amount			Weighted Average Interest Rate		Amount			Weighted Average Interest Rate
Due in one year or less	$	13,138,535		0.72	%	$	9,618,500		0.60	%
Due after one year through two years	3,010,800			1.32		10,277,745			0.90
Due after two years through three years	1,072,000			2.21		1,619,985			1.79
Due after three years through four years	445,000			0.91		450,000			4.24
Due after four years through five years	1,207,000			2.13		425,000			1.09
Due after five years	3,212,075			1.81		3,182,000			2.21
Total par value	22,085,410			1.11	%	25,573,230			1.07	%

Premiums	47,545					83,833
Discounts	(4,802		)			(6,149		)
Hedging adjustments	(86,157		)			47,022
Total	$	22,041,996				$	25,697,936

Schedule of Consolidated Obligation Bonds by Call Feature [Table Text Block]

At September 30, 2013 and December 31, 2012, the Bank’s consolidated obligation bonds outstanding included the following (in thousands, at par value):



	September 30, 2013		December 31, 2012
Non-callable bonds	$	17,013,335	$	21,088,230
Callable bonds	5,072,075		4,485,000
Total par value	$	22,085,410	$	25,573,230

Schedule of Maturities of Consolidated Obligation Bonds by Contractual Maturity or Next Call Date [Table Text Block]

The following table summarizes the Bank’s consolidated obligation bonds outstanding at September 30, 2013 and December 31, 2012, by the earlier of contractual maturity or next possible call date (in thousands, at par value):



Contractual Maturity or Next Call Date	September 30, 2013		December 31, 2012
Due in one year or less	$	18,055,610	$	13,813,500
Due after one year through two years	2,770,800		9,467,745
Due after two years through three years	732,000		1,459,985
Due after three years through four years	50,000		430,000
Due after four years through five years	397,000		—
Due after five years	80,000		402,000
Total par value	$	22,085,410	$	25,573,230

Schedule of Short-term Debt [Table Text Block]

At September 30, 2013 and December 31, 2012, the Bank’s consolidated obligation discount notes, all of which are due within one year, were as follows (dollars in thousands):



	Book Value		Par Value		Weighted Average Implied Interest Rate

September 30, 2013	$	6,513,829	$	6,515,000	0.08	%

December 31, 2012	$	6,984,378	$	6,986,856	0.15	%