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Statements of Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
INTEREST INCOME        
Advances $ 34,627 $ 46,339 $ 108,121 $ 143,913
Prepayment fees on advances, net 10,145 4,264 13,819 7,859
Interest-bearing deposits 208 404 956 888
Securities purchased under agreements to resell 30 1,350 1,116 2,871
Federal funds sold 388 501 1,576 1,616
Trading securities 132 0 132 0
Available-for-sale securities 5,658 7,989 17,361 23,515
Held-to-maturity securities 12,594 16,558 40,755 52,430
Mortgage loans held for portfolio 1,402 1,896 4,571 6,104
Other 0 1 1 2
Total interest income 65,184 79,302 188,408 239,198
Consolidated obligations        
Bonds 21,352 35,683 69,454 110,251
Discount notes 1,438 1,805 5,169 5,793
Deposits 24 79 88 202
Mandatorily redeemable capital stock 9 4 17 16
Other borrowings 2 4 6 6
Total interest expense 22,825 37,575 74,734 116,268
NET INTEREST INCOME 42,359 41,727 113,674 122,930
OTHER INCOME (LOSS)        
Total other-than-temporary impairment losses on held-to-maturity securities 0 0 0 (204)
Net non-credit impairment losses on held-to-maturity securities recognized in other comprehensive income 0 0 0 (156)
Credit component of other-than-temporary impairment losses on held-to-maturity securities 0 0 0 (360)
Net gains on trading securities 687 309 927 369
Net gains (losses) on derivatives and hedging activities (663) (7,108) 4,213 (4,570)
Gains on other liabilities carried at fair value under the fair value option 0 130 0 2,495
Gains on early extinguishment of debt 5,642 0 5,642 0
Letter of credit fees 1,152 1,148 3,457 3,547
Other, net 741 718 2,032 1,795
Total other income (loss) 7,559 (4,803) 16,271 3,276
OTHER EXPENSE        
Compensation and benefits 10,032 9,115 30,107 30,491
Other operating expenses 5,927 6,893 18,785 20,369
Finance Agency 495 577 1,710 1,954
Office of Finance 643 610 1,852 1,689
Other 7 0 8 0
Total other expense 17,104 17,195 52,462 54,503
INCOME BEFORE ASSESSMENTS 32,814 19,729 77,483 71,703
Affordable Housing Program assessment 3,282 1,973 7,750 7,172
NET INCOME $ 29,532 $ 17,756 $ 69,733 $ 64,531