Federal Home Loan Bank of Atlanta 10-Q6 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2022	Apr. 30, 2022
Document and Entity Information [Abstract]
Entity Registrant Name	FEDERAL HOME LOAN BANK OF ATLANTA
Entity Central Index Key	0001331465
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		27,946,894
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity File Number	000-51845
Entity Incorporation, State or Country Code	X1
Entity Address, Address Line One	1475 Peachtree Street, NE
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30309
City Area Code	404
Local Phone Number	888-8000
Entity Interactive Data Current	Yes
Entity Tax Identification Number	56-6000442

Statements of Condition (Unaudi

Statements of Condition (Unaudited) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks		$ 938	$ 879
Interest-bearing deposits (including deposits with other FHLBanks of $3 as of March 31, 2022 and December 31, 2021)		689	688
Securities purchased under agreements to resell		3,750	7,000
Federal funds sold		8,736	6,420
Investment securities:
Available-for-sale securities (amortized cost of $2,648 as of March 31, 2022 and December 31, 2021)		2,616	2,639
Held-to-maturity securities (fair value of $15,492 and $15,099 as of March 31, 2022 and December 31, 2021, respectively)		15,614	15,074
Total investment securities		18,230	17,713
Advances	[1]	51,538	45,415
Mortgage loans held for portfolio, net		139	149
Accrued interest receivable		56	57
Derivative assets		289	331
Other assets, net		85	94
Total assets		84,450	78,746
Liabilities
Interest-bearing deposits		2,158	2,054
Consolidated obligations, net:
Discount notes		27,228	25,506
Bonds		49,407	46,186
Total consolidated obligations, net		76,635	71,692
Mandatorily redeemable capital stock		0	1
Accrued interest payable		80	72
Affordable Housing Program payable		60	61
Derivative liabilities		10	22
Other liabilities		648	249
Total liabilities		79,591	74,151
Commitments and contingencies (Note 11)
Capital
Total capital stock Class B putable		2,656	2,383
Retained earnings:
Restricted		622	615
Unrestricted		1,620	1,613
Total retained earnings		2,242	2,228
Accumulated other comprehensive loss		(39)	(16)
Total capital		4,859	4,595
Total liabilities and capital		84,450	78,746
Subclass B1 [Member]
Capital
Total capital stock Class B putable		727	715
Subclass B2 [Member]
Capital
Total capital stock Class B putable		1,922	1,668
Subclass B3 [Member]
Capital
Total capital stock Class B putable		$ 7	$ 0

[1]	Carrying amounts exclude accrued interest receivable of $47 and $50 as of March 31, 2022 and December 31, 2021, respectively.

Statements of Condition (Unau_2

Statements of Condition (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Deposits with other FHLBanks	$ 3	$ 3
Amortized cost of available-for-sale securities	2,648	2,648
Held-to-maturity securities, fair value	$ 15,492	$ 15,099
Capital stock Class B putable par value (per share)	$ 100	$ 100
Subclass B1 [Member]
Capital stock, shares issued	7,272,484	7,143,718
Capital stock, shares outstanding	7,272,484	7,143,718
Subclass B2 [Member]
Capital stock, shares issued	19,214,757	16,681,827
Capital stock, shares outstanding	19,214,757	16,681,827
Subclass B3 [Member]
Capital stock, shares issued	67,541	0
Capital stock, shares outstanding	67,541	0

Statements of Income (Unaudited

Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
Statements of Income (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Interest income
Advances	$ 63	$ 87
Interest-bearing deposits	1	1
Securities purchased under agreements to resell	1	1
Federal funds sold	3	2
Trading securities	0	1
Available-for-sale securities	2	0
Held-to-maturity securities	25	34
Mortgage loans	2	3
Total interest income	97	129
Interest expense
Discount notes	7	5
Bonds	22	45
Total interest expense	29	50
Net interest income	68	79
Noninterest income (loss)
Net losses on trading securities	0	(1)
Net gains on derivatives	1	1
Standby letters of credit fees	2	4
Gain on litigation settlements, net	4	0
Other	(1)	0
Total noninterest income	6	4
Noninterest expense
Compensation and benefits	18	19
Other operating expenses	11	8
Federal Housing Finance Agency	2	3
Office of Finance	2	2
Other	1	4
Total noninterest expense	34	36
Income before assessment	40	47
Affordable Housing Program assessment	4	4
Net income	$ 36	$ 43

Statements of Comprehensive Inc

Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 36	$ 43
Other comprehensive (loss) income:
Net unrealized losses on available-for-sale securities	(23)	0
Pension and postretirement benefits	0	3
Total other comprehensive (loss) income	(23)	3
Total comprehensive income	$ 13	$ 46

Statements of Stockholders' Equ

Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Capital Stock Class B Putable [Member]	Retained Earnings	Retained Earnings, Restricted [Member]	Retained Earnings, Unrestricted [Member]	Accumulated Other Comprehensive Income [Member]
Beginning balance (shares) at Dec. 31, 2020		31
Beginning balance at Dec. 31, 2020	$ 5,260	$ 3,078	$ 2,198	$ 588	$ 1,610	$ (16)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of capital stock (shares)		3
Issuance of capital stock	358	$ 358
Repurchase/redemption of capital stock (shares)		(9)
Repurchase/redemption of capital stock	(893)	$ (893)
Net shares reclassified to mandatorily redeemable capital stock	0
Comprehensive income (loss)	46		43	8	35	3
Cash dividends on capital stock	(30)		(30)	0	(30)
Ending balance (shares) at Mar. 31, 2021		25
Ending balance at Mar. 31, 2021	4,741	$ 2,543	2,211	596	1,615	(13)
Beginning balance (shares) at Dec. 31, 2021		24
Beginning balance at Dec. 31, 2021	4,595	$ 2,383	2,228	615	1,613	(16)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of capital stock (shares)		8
Issuance of capital stock	843	$ 843
Repurchase/redemption of capital stock (shares)		(5)
Repurchase/redemption of capital stock	(547)	$ (547)
Net Shares Reclassified to Mandatorily Redeemable Capital Stock, Shares		0
Net shares reclassified to mandatorily redeemable capital stock	(23)	$ (23)
Comprehensive income (loss)	13		36	7	29	(23)
Cash dividends on capital stock	(22)		(22)	0	(22)
Ending balance (shares) at Mar. 31, 2022		27
Ending balance at Mar. 31, 2022	$ 4,859	$ 2,656	$ 2,242	$ 622	$ 1,620	$ (39)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Activities
Net income	$ 36	$ 43
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (accretion)	(4)	(3)
Net change in derivative and hedging activities	567	452
Net losses on trading securities	0	(1)
Net change in:
Accrued interest receivable	1	10
Other assets	8	12
Affordable Housing Program payable	(1)	(4)
Accrued interest payable	8	3
Other liabilities	(11)	(19)
Total adjustments	568	452
Net cash provided by operating activities	604	495
Investing activities
Interest-bearing deposits	(838)	1,113
Securities purchased under agreements to resell	3,250	5,500
Federal funds sold	(2,316)	(5,431)
Trading securities:
Proceeds from sales	0	61
Proceeds from Principal Collected	0	1,000
Held-to-maturity securities:
Proceeds from principal collected	1,031	1,412
Purchases of long-term	(1,164)	0
Advances:
Proceeds from principal collected	30,128	23,591
Made	(36,965)	(21,552)
Mortgage loans:
Proceeds from principal collected	11	20
Purchase of premises, equipment, and software	(2)	(1)
Net cash (used in) provided by investing activities	(6,865)	5,713
Financing activities
Net change in interest-bearing deposits	105	715
Net payments on derivatives containing a financing element	(1)	(1)
Proceeds from issuance of consolidated obligations:
Discount notes	165,196	173,787
Bonds	10,768	17,006
Payments for debt issuance costs	(1)	(1)
Payments for maturing and retiring consolidated obligations:
Discount notes	(163,479)	(179,263)
Bonds	(6,518)	(17,820)
Proceeds from issuance of capital stock	843	358
Payments for repurchase/redemption of capital stock	(547)	(893)
Payments for repurchase/redemption of mandatorily redeemable capital stock	(24)	0
Cash dividends paid	(22)	(30)
Net cash provided by (used in) financing activities	6,320	(6,142)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	59	66
Cash and due from banks at beginning of the period	879	2,905
Cash and due from banks at end of the period	938	2,971
Cash paid for:
Interest	16	55
Affordable Housing Program assessment, net	4	8
Noncash investing and financing activities:
Net shares reclassified to mandatorily redeemable capital stock	23	0
HeldToMaturitySecuritiesAcquiredWithAccruedLiabilities	$ 572	$ 0

Recently Issued But Not Yet Ado

Recently Issued But Not Yet Adopted Accounting Guidance	3 Months Ended
Recently Issued But Not Yet Adopted Accounting Guidance	Mar. 31, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
DescriptionOfNewAccountingPronouncementsNotYetAdopted	Accounting Standard Update (ASU) Description Effective Date Effect on Financial Statements or Other Significant Matters Fair Value Hedging - Portfolio Layer Method (ASU 2022-01) This guidance expands the current single-layer hedging method to allow multiple hedged layers of a single closed portfolio. January 1, 2023 This guidance is not expected to have any impact on the Bank's financial condition or results of operations. Troubled Debt Restructurings and Vintage Disclosures This guidance eliminates the accounting guidance for troubled debt restructurings by creditors that have adopted the current expected credit loss methodology while enhancing disclosure requirement for certain loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty. January 1, 2023 This guidance is not expected to have a material impact on the Bank's financial condition or results of operations.

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	Basis of Presentation The accompanying unaudited interim financial statements of the Federal Home Loan Bank of Atlanta (Bank) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). To prepare the financial statements in conformity with GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and income and expenses during the reporting period. Actual results could be different from these estimates. The foregoing interim financial statements are unaudited; however, in the opinion of management, all adjustments, consisting only of normal recurring adjustments necessary for a fair statement of the results for the interim periods, have been included. The results of operations for interim periods are not necessarily indicative of results to be expected for the year ending 2022, or for other interim periods. The unaudited interim financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2021, which are contained in the Bank’s 2021 Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 3, 2022 (Form 10-K). The Bank has certain financial instruments, including derivative instruments and securities purchased under agreements to resell, that are subject to offset under master netting arrangements or by operation of law. Additional information regarding derivative instruments is provided in Note 9 — Derivatives and Hedging Activities to the Bank’s interim financial statements. The Bank does not have any offsetting liabilities related to its securities purchased under agreements to resell for the periods presented. Based on the fair value of the related securities held as collateral, the securities purchased under agreements to resell were fully collateralized for the periods presented. All investments in interest-bearing deposits and federal funds sold were repaid or expected to be repaid according to the contractual terms as of March 31, 2022 and December 31, 2021. No allowance for credit losses was recorded for these assets as of March 31, 2022 and December 31, 2021. The carrying values of these assets excludes accrued interest receivable that was not material as of March 31, 2022 and December 31, 2021. Based upon the collateral held as security and collateral maintenance provisions with its counterparties, the Bank determined that no allowance for credit losses was needed for its securities purchased under agreements to resell as of March 31, 2022 and December 31, 2021. The carrying value of securities purchased under agreements to resell excludes accrued interest receivable that was not material as of March 31, 2022 and December 31, 2021. Refer to Note 2 — Summary of Significant Accounting Policies to the Bank’s 2021 audited financial statements for a description of all the Bank’s significant accounting policies. There have been no changes to these policies as of March 31, 2022.

Investment in Debt Securities

Investment in Debt Securities	3 Months Ended
Investment in Debt Securities	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments in Debt Securities	Investments in Debt Securities Available-for-sale Securities Major Security Type. The following table presents available-for-sale securities. All of the Bank’s available-for-sale securities are U.S. Treasury obligations. Amortized Cost (1) Gross Gross Estimated Fair Value As of March 31, 2022 $ 2,648 $ 2 $ (34) $ 2,616 As of December 31, 2021 $ 2,648 $ — $ (9) $ 2,639 ____________________ (1) Amortized cost includes adjustments made to the cost basis for accretion, amortization, and excludes accrued interest receivable that was not material as of March 31, 2022 and December 31, 2021. The following table presents available-for-sale securities with unrealized losses. The unrealized losses are aggregated by the length of time that the individual securities have been in a continuous unrealized loss position. Less than 12 Months Estimated Gross As of March 31, 2022 $ 1,564 $ (34) As of December 31, 2021 $ 1,589 $ (9) Redemption Terms: The following table presents the amortized cost and estimated fair value of available-for-sale securities by contractual maturity. As of March 31, 2022 As of December 31, 2021 Amortized Cost (1) Estimated Amortized Cost (1) Estimated Due after one year through five years $ 2,648 $ 2,616 $ 2,648 $ 2,639 ____________ (1) Amortized cost includes adjustments made to the cost basis for accretion, amortization, and excludes accrued interest receivable that was not material as of as of March 31, 2022 and December 31, 2021. The Bank has not established an allowance for credit losses on its available-for-sale securities as of March 31, 2022 and December 31, 2021 because the securities carry an explicit government guarantee such that the Bank considers the risk of nonpayment to be zero. Held-to-maturity Securities Major Security Types. The following table presents held-to-maturity securities. As of March 31, 2022 As of December 31, 2021 Amortized Cost (1) Gross Gross Estimated Amortized Cost (1) Gross Gross Estimated State or local housing agency debt obligations $ 1 $ — $ — $ 1 $ 1 $ — $ — $ 1 Government-sponsored enterprises debt obligations 1,385 3 (22) 1,366 1,450 6 (6) 1,450 Mortgage-backed securities: U.S. agency obligations-guaranteed residential 203 — (12) 191 221 — (3) 218 Government-sponsored enterprises residential 4,563 23 (44) 4,542 4,927 43 (9) 4,961 Government-sponsored enterprises commercial 9,462 13 (83) 9,392 8,475 19 (25) 8,469 Total $ 15,614 $ 39 $ (161) $ 15,492 $ 15,074 $ 68 $ (43) $ 15,099 ____________ (1) Excludes accrued interest receivable of $7 and $6 as of March 31, 2022 and December 31, 2021, respectively. Redemption Terms. The following table presents the amortized cost and estimated fair value of held-to-maturity securities by contractual maturity. Mortgage-backed securities (MBS) are not presented by contractual maturity because their actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment fees. As of March 31, 2022 As of December 31, 2021 Amortized Cost (1) Estimated Amortized Cost (1) Estimated Non-mortgage-backed securities: Due in one year or less $ 370 $ 370 $ 435 $ 435 Due after one year through five years 956 936 856 853 Due after five years through 10 years — — 100 101 Due after 10 years 60 61 60 62 Total non-mortgage-backed securities 1,386 1,367 1,451 1,451 Mortgage-backed securities 14,228 14,125 13,623 13,648 Total $ 15,614 $ 15,492 $ 15,074 $ 15,099 ____________ (1) Excludes accrued interest receivable of $7 and $6 as of March 31, 2022 and December 31, 2021, respectively.

Advances

Advances	3 Months Ended
Advances	Mar. 31, 2022
Advances [Abstract]
Federal Home Loan Bank, Advances [Text Block]	Advances Redemption Terms. The following table presents the Bank’s advances outstanding by year of contractual maturity. As of March 31, 2022 As of December 31, 2021 Due in one year or less $ 31,349 $ 21,819 Due after one year through two years 3,527 3,247 Due after two years through three years 2,191 2,236 Due after three years through four years 2,017 3,145 Due after four years through five years 3,247 3,047 Due after five years 9,436 11,433 Total par value 51,767 44,927 Deferred prepayment fees (62) (70) Discount on AHP (1) advances (1) (2) Discount on EDGE (2) advances (1) (1) Hedging adjustments (165) 561 Total (3) $ 51,538 $ 45,415 ___________ (1) The Affordable Housing Program (2) The Economic Development and Growth Enhancement Program (3) Carrying amounts exclude accrued interest receivable of $47 and $50 as of March 31, 2022 and December 31, 2021, respectively. The following table presents advances by year of contractual maturity or, for convertible advances, next available conversion date. As of March 31, 2022 As of December 31, 2021 Due or convertible in one year or less $ 35,481 $ 27,082 Due or convertible after one year through two years 3,529 3,271 Due or convertible after two years through three years 2,189 2,215 Due or convertible after three years through four years 1,992 3,137 Due or convertible after four years through five years 3,161 2,976 Due or convertible after five years 5,415 6,246 Total par value $ 51,767 $ 44,927 Interest-rate Payment Terms. The following table presents interest-rate payment terms for advances. As of March 31, 2022 As of December 31, 2021 Fixed-rate: Due in one year or less $ 20,473 $ 14,715 Due after one year 17,573 20,391 Total fixed-rate 38,046 35,106 Variable-rate: Due in one year or less 10,876 7,104 Due after one year 2,845 2,717 Total variable-rate 13,721 9,821 Total par value $ 51,767 $ 44,927 Advances concentrations. The Bank’s advances are concentrated in commercial banks, credit unions, savings institutions, and insurance companies and further is concentrated in certain larger borrowing relationships. The concentration of the Bank’s advances to its 10 largest borrowers was $37,776 and $32,076 as of March 31, 2022 and December 31, 2021, respectively. This concentration represented 73.0 percent and 71.4 percent of total advances outstanding as of March 31, 2022 and December 31, 2021, respectively.

Mortgage Loans Held for Portfol

Mortgage Loans Held for Portfolio	3 Months Ended
Mortgage Loans Held for Portfolio	Mar. 31, 2022
Receivables [Abstract]
Mortgage Loans Held for Portfolio	Mortgage Loans Held for Portfolio The following table presents information on mortgage loans held for portfolio by contractual maturity at the time of purchase. As of March 31, 2022 As of December 31, 2021 Medium-term (15 years or less) $ 1 $ 2 Long-term (greater than 15 years) 138 148 Total unpaid principal balance 139 150 Discounts — (1) Total mortgage loans held for portfolio (1) 139 149 Allowance for credit losses on mortgage loans (2) — — Mortgage loans held for portfolio, net $ 139 $ 149 ____________ (1) Exclude accrued interest receivable of $1 as of March 31, 2022 and December 31, 2021. (2) The amounts are not material. The following table presents the unpaid principal balance of mortgage loans held for portfolio by collateral or guarantee type. As of March 31, 2022 As of December 31, 2021 Conventional mortgage loans $ 127 $ 137 Government-guaranteed or insured mortgage loans 12 13 Total unpaid principal balance $ 139 $ 150 The following table presents the activity in the allowance for credit losses related to conventional residential mortgage loans. For the Three Months Ended March 31, 2022 (1) 2021 Balance, beginning of period $ — $ 1 Provision for credit losses — — Balance, end of period $ — $ 1 ____________ (1) The amounts are not material. Payment status is a key credit quality indicator for conventional mortgage loans and allows the Bank to monitor the migration of past due loans. Other delinquency statistics include, non-accrual loans and loans in process of foreclosure. The following tables present the payment status for conventional mortgage loans. Loans are grouped by loans originated in the most recent five years and those loans originated prior to the most recent five-year period. As of March 31, 2022 Origination Year Prior to 2018 Total Payment status, at amortized cost: (1) Past due 30-59 days $ 4 $ 4 Past due 60-89 days (2) — — Past due 90 days or more 6 6 Total past due mortgage loans 10 10 Current mortgage loans 117 117 Total conventional mortgage loans $ 127 $ 127 ____________ (1) Amortized cost excludes accrued interest receivable of $1 as of March 31, 2022. (2) The amount is not material. As of December 31, 2021 Origination Year 2017 (2) Prior to 2017 Total Payment status, at amortized cost: (1) Past due 30-59 days $ — $ 2 $ 2 Past due 60-89 days — 1 1 Past due 90 days or more — 7 7 Total past due mortgage loans — 10 10 Current mortgage loans — 126 126 Total conventional mortgage loans $ — $ 136 $ 136 ____________ (1) Amortized cost excludes accrued interest receivable of $1 as of December 31, 2021. (2) Mortgage loans originated in 2017 had a current payment status and the amounts are not material. The following tables present the other delinquency statistics for all mortgage loans. As of March 31, 2022 Conventional Residential Mortgage Loans Government-guaranteed or Insured Residential Mortgage Loans Total Other delinquency statistics, at amortized cost: In process of foreclosure (1) $ 1 $ — $ 1 Seriously delinquent rate (2) 4.82 % 7.40 % 5.04 % Past due 90 days or more and still accruing interest (3) $ — $ 1 $ 1 Mortgage loans on nonaccrual status (4) $ 6 $ — $ 6 ____________ (1) Includes mortgage loans where the decision of foreclosure or similar alternative, such as a pursuit of deed-in-lieu, has been reported. The amounts are not material. (2) Mortgage loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total mortgage loan portfolio segment. (3) Mortgage loans insured or guaranteed by the Federal Housing Administration or the Department of Veterans Affairs. (4) Represents mortgage loans with contractual principal or interest payments 90 days or more past due and not accruing interest. As of March 31, 2022, none of conventional mortgage loans on non-accrual status had an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value and/or the fair value of the underlying collateral, including any credit enhancements, is greater than the amortized cost of the loans. As of December 31, 2021 Conventional Residential Mortgage Loans Government-guaranteed or Insured Residential Mortgage Loans Total Other delinquency statistics, at amortized cost: In process of foreclosure (1) $ — $ — $ — Seriously delinquent rate (2) 4.70 % 6.26 % 4.83 % Past due 90 days or more and still accruing interest (3) $ — $ 1 $ 1 Mortgage loans on nonaccrual status (4) $ 6 $ — $ 6 ____________ (1) Includes mortgage loans where the decision of foreclosure or similar alternative, such as a pursuit of deed-in-lieu, has been reported. The amounts are not material. (2) Mortgage loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total mortgage loan portfolio segment. (3) Mortgage loans insured or guaranteed by the Federal Housing Administration or the Department of Veterans Affairs. (4) Represents mortgage loans with contractual principal or interest payments 90 days or more past due and not accruing interest. As of December 31, 2021, none of conventional mortgage loans on non-accrual status had an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value and/or the fair value of the underlying collateral, including any credit enhancements, is greater than the amortized cost of the loans.

Consolidated Obligations

Consolidated Obligations	3 Months Ended
Consolidated Obligations	Mar. 31, 2022
Debt Disclosure [Abstract]
Consolidated Obligations	Consolidated ObligationsConsolidated obligations, consisting of consolidated obligation bonds and discount notes, are the joint and several obligations of the 11 Federal Home Loan Banks (FHLBanks) and are backed only by the financial resources of the FHLBanks. The Federal Home Loan Banks Office of Finance (Office of Finance) tracks the amount of debt issued on behalf of each FHLBank. In addition, the Bank separately tracks its specific portion of consolidated obligations for which it is the primary obligor and records it as a liability. Interest-rate Payment Terms. The following table presents the Bank’s consolidated obligation bonds by interest-rate payment type. As of March 31, 2022 As of December 31, 2021 Fixed-rate $ 31,408 $ 27,751 Simple variable-rate 16,030 16,400 Step up/down 3,258 2,295 Total par value $ 50,696 $ 46,446 Redemption Terms. The following table presents the Bank’s participation in consolidated obligation bonds outstanding by year of contractual maturity. As of March 31, 2022 As of December 31, 2021 Amount Weighted- Amount Weighted- Due in one year or less $ 16,738 0.37 $ 16,640 0.16 Due after one year through two years 3,838 1.35 2,110 0.55 Due after two years through three years 12,374 0.81 10,700 0.81 Due after three years through four years 6,020 0.82 4,720 0.67 Due after four years through five years 8,426 1.23 7,829 0.94 Due after five years 3,300 2.06 4,447 1.76 Total par value 50,696 0.85 46,446 0.67 Premiums 8 10 Discounts (16) (17) Hedging adjustments (1,281) (253) Total $ 49,407 $ 46,186 The following table presents the Bank’s consolidated obligation bonds outstanding by call feature. As of March 31, 2022 As of December 31, 2021 Callable $ 29,170 $ 24,393 Noncallable 21,526 22,053 Total par value $ 50,696 $ 46,446 The following table presents the Bank’s consolidated obligation bonds outstanding, by year of contractual maturity, or for callable consolidated obligation bonds, by next call date. As of March 31, 2022 As of December 31, 2021 Due or callable in one year or less $ 45,486 $ 40,712 Due or callable after one year through two years 2,206 1,778 Due or callable after two years through three years 567 1,674 Due or callable after three years through four years 1,217 1,090 Due or callable after four years through five years 43 3 Due or callable after five years 1,177 1,189 Total par value $ 50,696 $ 46,446 Consolidated Obligation Discount Notes. Consolidated obligation discount notes are issued to raise short-term funds and have original contractual maturities of up to one year. These consolidated obligation discount notes are issued at less than their face amounts and redeemed at par value when they mature. The following table presents the Bank’s participation in consolidated obligation discount notes. Book Value Par Value Weighted-average As of March 31, 2022 $ 27,228 $ 27,235 0.24 As of December 31, 2021 $ 25,506 $ 25,507 0.04

Capital and Mandatorily Redeema

Capital and Mandatorily Redeemable Capital Stock	3 Months Ended
Capital and Mandatorily Redeemable Capital Stock	Mar. 31, 2022
Banking Regulation, Total Capital [Abstract]
Capital and Mandatorily Redeemable Capital Stock	Capital Capital. The following table presents the Bank’s compliance with the Federal Housing Finance Agency’s (Finance Agency) regulatory capital rules and requirements. As of March 31, 2022 As of December 31, 2021 Required Actual Required Actual Risk-based capital $ 612 $ 4,898 $ 814 $ 4,612 Total regulatory capital ratio 4.00 % 5.80 % 4.00 % 5.86 % Total regulatory capital (1) $ 3,378 $ 4,898 $ 3,150 $ 4,612 Leverage capital ratio 5.00 % 8.70 % 5.00 % 8.79 % Leverage capital $ 4,223 $ 7,347 $ 3,937 $ 6,918 ____________ (1) Total regulatory capital does not include accumulated other comprehensive loss, but does include mandatorily redeemable capital stock. The Bank declares and pays any dividends only after net income is calculated for the preceding quarter. The following table presents the Bank’s declared and paid quarterly cash dividends in 2022 and 2021. 2022 2021 Amount Annualized Rate (%) Amount Annualized Rate (%) First quarter $ 22 3.70 $ 30 3.72

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
Accumulated Other Comprehensive Income	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss The following table presents the components comprising accumulated other comprehensive loss. Net Unrealized Gains (Losses) on Available-for-sale Securities Pension and Postretirement Benefits Total Accumulated Balance, December 31, 2020 $ — $ (16) $ (16) Reclassification from accumulated other comprehensive income to net income: — Amortization of pension and postretirement (1) — 3 3 Net current period other comprehensive income — 3 3 Balance, March 31, 2021 $ — $ (13) $ (13) Balance, December 31, 2021 $ (9) $ (7) $ (16) Other comprehensive income before reclassifications: Net unrealized losses on available-for-sale securities (23) — (23) Net current period other comprehensive loss (23) — (23) Balance, March 31, 2022 $ (32) $ (7) $ (39) ____________ (1) Included in Noninterest expense - Other on the Statements of Income.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
Derivatives and Hedging Activities	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Nature of Business Activity The Bank is exposed to interest-rate risk primarily from the effect of interest-rate changes on its interest-earning assets and on its interest-bearing liabilities that finance these assets. To mitigate the risk of loss, the Bank has established policies and procedures, which include guidelines on the amount of exposure to interest-rate changes that it is willing to accept. In addition, the Bank monitors the risk to its interest income, net interest margin, and average maturity of its interest-earning assets and funding sources. The goal of the Bank’s interest-rate risk management strategies is not to eliminate interest-rate risk, but to manage it within appropriate limits. The Bank enters into derivatives to manage the interest-rate risk exposure that is inherent in its otherwise unhedged assets and funding sources, to achieve the Bank’s risk management objectives, and to act as an intermediary between its members and counterparties. The Bank transacts most of its derivatives with large banks and major broker-dealers. Some of these banks and broker-dealers or their affiliates buy, sell, and distribute consolidated obligations. The Bank’s over-the-counter derivatives transactions may either be (1) uncleared derivatives, which are executed bilaterally with a counterparty; or (2) cleared derivatives, which are cleared through a Futures Commission Merchant (clearing agent) with a Derivatives Clearing Organization (Clearinghouse). Once a derivatives transaction has been accepted for clearing by a Clearinghouse, the derivatives transaction is novated, and the executing counterparty is replaced with the Clearinghouse as the counterparty. The Bank is not a derivatives dealer and does not trade derivatives for short-term profit. For additional information on the Bank’s derivatives and hedging activities, see Note 13—Derivatives and Hedging Activities to the 2021 audited financial statements contained in the Bank’s Form 10-K. Financial Statement Effect and Additional Financial Information Derivative Notional Amounts. The notional amount of derivatives serves as a factor in determining periodic interest payments or cash flows received and paid. However, the notional amount of derivatives represents neither the actual amounts exchanged nor the overall exposure of the Bank to credit and market risk; the overall risk is much smaller. The risks of derivatives can be measured meaningfully on a portfolio basis that takes into account the counterparties, the types of derivatives, the items being hedged, and any offsets between the derivatives and the items being hedged. The following table presents the notional amount, fair value of derivative instruments, and total derivative assets and liabilities. Total derivative assets and liabilities include the effect of netting adjustments and cash collateral. For purposes of this disclosure, the derivative values include the fair value of derivatives and the related accrued interest. As of March 31, 2022 As of December 31, 2021 Notional Amount of Derivatives Derivative Assets Derivative Liabilities Notional Amount of Derivatives Derivative Assets Derivative Liabilities Derivatives in hedging relationships: Interest-rate swaps (1) $ 49,758 $ 8 $ 1,330 $ 46,340 $ 2 $ 453 Derivatives not designated as hedging instruments: Interest-rate swaps (1) 63 2 — 64 1 1 Interest-rate caps or floors 4,000 3 2 4,000 1 1 Total derivatives not designated as hedging instruments 4,063 5 2 4,064 2 2 Total derivatives before netting and collateral adjustments $ 53,821 13 1,332 $ 50,404 4 455 Netting adjustments and cash collateral (2) 276 (1,322) 327 (433) Derivative assets and derivative liabilities $ 289 $ 10 $ 331 $ 22 ___________ (1) Includes variation margin for daily settled contracts of negative $284 as of March 31, 2022 and $300 as of December 31, 2021. (2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. Cash collateral posted, including accrued interest was $1,597 and $759 as of March 31, 2022 and December 31, 2021, respectively. The Bank did not receive any cash collateral, including accrued interest, as of March 31, 2022 and December 31, 2021. The following table presents the net gains (losses) on fair value hedging relationships. For the Three Months Ended March 31, 2022 2021 Interest Income (Expense) Advances Consolidated Obligation Bonds Advances Consolidated Obligation Bonds Total interest income (expense) recorded in the Statements of Income $ 63 $ (22) $ 87 $ (45) Changes in fair value: Hedged items $ (673) $ 1,029 $ (621) $ 89 Derivatives 725 (1,018) 691 (88) Net changes in fair value 52 11 70 1 Net interest settlements on derivatives (1) (2) (59) 53 (94) 10 Amortization/accretion of active hedging relationships (42) — (45) — Other (11) — (3) — Total net interest income effect from fair value hedging relationships $ (60) $ 64 $ (72) $ 11 ____________ (1) Represents interest income/expense on derivatives in qualifying fair-value hedging relationships. Net interest settlements on derivatives that are not in qualifying fair-value hedging relationships are reported in other income. (2) Excludes the interest income/expense of the respective hedged items. The following table presents the total basis adjustments on hedged items designated as fair value hedges and the related amortized cost of the hedged items. As of March 31, 2022 As of December 31, 2021 Line Item in Statement of Conditions of Hedged Item Amortized Cost of Hedged Asset or Liability (1) Basis Adjustments for Active Hedging Relationships Included in Amortized Cost Basis Adjustments for Discontinued Hedging Relationships included in Amortized Cost Total Amount of Fair Value Hedging Basis Adjustments Amortized Cost of Hedged Asset or Liability (1) Basis Adjustments for Active Hedging Relationships Included in Amortized Cost Basis Adjustments for Discontinued Hedging Relationships included in Amortized Cost Total Amount of Fair Value Hedging Basis Adjustments Advances $ 18,583 $ (221) $ 56 $ (165) $ 21,293 $ 492 $ 69 $ 561 Consolidated obligations: Bonds 30,313 (1,281) — (1,281) 25,256 (252) (1) (253) ___________ (1) Includes only the portion of amortized cost representing the hedged items in fair value hedging relationships. The following table presents net gains on derivatives recorded in noninterest income on the Statements of Income. For the Three Months Ended March 31, 2022 2021 Derivatives not designated as hedging instruments: Interest-rate swaps $ — $ 1 Interest-rate caps or floors 1 — Net gains on derivatives $ 1 $ 1 Managing Credit Risk on Derivatives The Bank is subject to credit risk to its derivative transactions due to the risk of nonperformance by counterparties and manages this risk through credit analysis, collateral requirements, and adherence to the requirements set forth in its policies, U.S. Commodity Futures Trading Commission (CFTC) regulations, and Finance Agency regulations. For uncleared derivatives, the degree of credit risk depends on the extent to which master netting arrangements are included in such contracts to mitigate the risk. The Bank requires collateral agreements with collateral delivery thresholds on all uncleared derivatives. Additionally, collateral related to derivatives with member institutions includes collateral assigned to the Bank, as evidenced by a written security agreement, and held by the member institution for the benefit of the Bank. Certain of the Bank’s uncleared derivative instruments contain provisions that require the Bank to post additional collateral with its counterparties if there is deterioration in the Bank’s credit rating. If the Bank’s credit rating is lowered by a Nationally Recognized Statistical Rating Organization (NRSRO), the Bank may be required to deliver additional collateral on uncleared derivative instruments in net liability positions. The aggregate fair value of all uncleared derivative instruments with credit-risk-related contingent features that were in a net liability position (before cash collateral and related accrued interest) as of March 31, 2022 was $3, for which the Bank was not required to post collateral as of March 31, 2022. If the Bank’s credit ratings had been lowered from its current rating to the next lower rating, the Bank would not have been required to post any additional collateral as of March 31, 2022. For cleared derivatives, the Clearinghouse is the Bank’s counterparty. The Clearinghouse notifies the clearing agent of the required initial and variation margin, and the clearing agent notifies the Bank. The Bank utilizes two Clearinghouses for all cleared derivative transactions, CME Clearing and LCH Ltd. At both Clearinghouses, variation margin is characterized as daily settlement payments, and initial margin is considered cash collateral. Because the Bank is required to post initial and variation margin through the clearing agent to the Clearinghouse, it exposes the Bank to institutional credit risk if the clearing agent or the Clearinghouse fails to meet its obligations. The use of cleared derivatives is intended to mitigate credit risk exposure because a central counterparty is substituted for individual counterparties, and collateral/payments is posted daily through a clearing agent for changes in the fair value of cleared derivatives. The Bank has analyzed the enforceability of offsetting rights incorporated in its cleared derivative transactions and determined that the exercise of those offsetting rights by a non-defaulting party under these transactions should be upheld under applicable law upon an event of default, including a bankruptcy, insolvency, or similar proceeding involving the Clearinghouse or the Bank’s clearing agent, or both. Based on this analysis, the Bank presents a net derivative receivable or payable for all of its transactions through a particular clearing agent with a particular Clearinghouse. The Bank presents derivative instruments and the related cash collateral that is received or pledged, plus the associated accrued interest, on a net basis by clearing agent and/or by counterparty when it has met the netting requirements. The following table presents the fair value of derivative instruments meeting or not meeting netting requirements, including the related collateral received from or pledged to counterparties. As of March 31, 2022 As of December 31, 2021 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Gross recognized amount: Uncleared derivatives $ 11 $ 1,303 $ 4 $ 451 Cleared derivatives 2 29 — 4 Total gross recognized amount 13 1,332 4 455 Gross amounts of netting adjustments and cash collateral: Uncleared derivatives 29 (1,293) (3) (429) Cleared derivatives 247 (29) 330 (4) Total gross amounts of netting adjustments and cash collateral 276 (1,322) 327 (433) Net amounts after netting adjustments and cash collateral: Uncleared derivatives 40 10 1 22 Cleared derivatives 249 — 330 — Total net amounts after netting adjustments and cash collateral 289 10 331 22 Non-cash collateral received or pledged not offset-cannot be sold or repledged: (1) Uncleared derivatives — — — — Cleared derivatives — — — — Total cannot be sold or repledged (1) — — — — Net unsecured amounts: (1) Uncleared derivatives 40 10 1 22 Cleared derivatives 249 — 330 — Total net unsecured amount (1) $ 289 $ 10 $ 331 $ 22 ____________ (1) The Bank had net credit exposure of $40 and $0 as of March 31, 2022 and December 31, 2021, respectively, due to instances where the Bank’s pledged collateral to a counterparty exceeded the Bank’s net derivative liability position.

Estimated Fair Values

Estimated Fair Values	3 Months Ended
Estimated Fair Values	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Estimated Fair Values	Estimated Fair Values The Bank records available-for-sale securities, derivative assets and liabilities, and grantor trust assets (publicly-traded mutual funds) at estimated fair value on a recurring basis. Fair value is defined under GAAP as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The transaction to sell the asset or transfer the liability is a hypothetical transaction at the measurement date, considered from the perspective of a market participant that holds the asset or owes the liability. In general, the transaction price will equal the exit price and therefore, represents the fair value of the asset or liability at initial recognition. In determining whether a transaction price represents the fair value of the asset or liability at initial recognition, each reporting entity is required to consider factors specific to the transaction, the asset or liability, the principal or most advantageous market for the asset or liability, and market participants with whom the entity would transact in the market. A fair value hierarchy is used to prioritize the inputs of valuation techniques used to measure fair value. The inputs are evaluated, and an overall level for the fair value measurement is determined. This overall level is an indication of how market-observable the fair value measurement is and defines the level of disclosure. In order to determine the fair value or the exit price, entities must determine the unit of account, highest and best use, principal market, and market participants. These determinations allow the reporting entity to define the inputs for fair value and level of hierarchy. Outlined below is the application of the “fair value hierarchy” to the Bank’s financial assets and liabilities that are carried at fair value or disclosed in the notes to the financial statements. Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. An active market for the asset or liability is a market in which the transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. The Bank carried grantor trust assets at fair value hierarchy Level 1 as of March 31, 2022 and December 31, 2021. Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. The Bank carried available-for-sale securities and derivatives at fair value hierarchy Level 2 as of March 31, 2022 and December 31, 2021. Level 3 - unobservable inputs for the asset or liability. Valuations are derived from techniques that use significant assumptions not observable in the market, which include pricing models, discounted cash flow models, or similar techniques. The Bank did not carry any financial assets or liabilities, measured on a recurring basis, at fair value Level 3 as of March 31, 2022 and December 31, 2021. The Bank utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. For financial instruments carried at fair value, the Bank reviews the fair value hierarchy classification of financial assets and liabilities on a quarterly basis. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities within the fair value hierarchy. There were no such transfers during the periods presented. Described below are the Bank’s fair value measurement methodologies for financial assets and liabilities that are measured at fair value on a recurring or nonrecurring basis on the Statements of Condition and categorized within the fair value hierarchy. Investment securities . The Bank obtains prices from multiple designated third-party pricing vendors, when available, to estimate the fair value of its investment securities. The pricing vendors use various proprietary models to price investment securities. The inputs to those models are derived from various sources including, but not limited to, the following: benchmark yields, reported trades, dealer estimates, issuer spreads, benchmark securities, bids, offers, and other market-related data. Since many investment securities do not trade on a daily basis, the pricing vendors use available information as applicable, such as benchmark curves, benchmarking of like securities, sector groupings, and matrix pricing to determine the prices for individual securities. Each pricing vendor has an established challenge process in place for all investment securities valuations, which facilitates resolution of potentially erroneous prices identified by the Bank. The Bank periodically conducts reviews of its pricing vendors to confirm and further augment its understanding of the vendors’ pricing processes, methodologies, and control procedures for U.S. agency MBS. The Bank’s valuation technique for estimating the fair value of its investment securities first requires the establishment of a “median” price for each security. All prices that are within a specified tolerance threshold of the median price are included in the “cluster” of prices that are averaged to compute a “resultant” price. All prices that are outside the threshold (outliers) are subject to further analysis (including, but not limited to, comparison to prices provided by an additional third-party valuation service, prices for similar securities, and/or non-binding dealer estimates) to determine if an outlier is a better estimate of fair value. If an outlier (or some other price identified in the analysis) is determined to be a better estimate of fair value, then the outlier (or the other price as appropriate) is used as the final price rather than the resultant price. Alternatively, if the analysis does not provide evidence that an outlier is more representative of the fair value, and the resultant price is the best estimate, then the resultant price is used as the final price. In all cases, the final price is used to determine the fair value of the security. If all prices received for a security are outside the tolerance threshold level of the median price, then there is no resultant price, and the final price is determined by an evaluation of all outlier prices as described above. Multiple third-party vendor prices were received for a majority of the Bank’s investment securities holdings, and the final prices for those securities were computed by averaging the prices received as of March 31, 2022 and December 31, 2021. Based on the Bank’s review of the pricing methods and controls employed by the third-party pricing vendors and the relative lack of dispersion among the vendor prices (or the Bank’s additional analysis in those instances in which there were outliers or significant yield variances), the Bank believes that its final prices are representative of the prices that would have been received if the assets had been sold at the measurement date (i.e., exit prices) and further, that the fair value measurements are classified appropriately in the fair value hierarchy. Derivative assets and liabilities. The Bank calculates the fair values of interest-rate related derivatives using a discounted cash flow analysis which utilizes market-observable inputs. The significant assumptions used in this model are based on management’s best estimate of discount rates, market indices, and market volatility. The inputs for interest-rate related derivatives uses the Secured Overnight Financing Rate (SOFR) swap curve for the discounting of cleared derivatives and the Overnight Index Swap (OIS) curve for the discounting of collateralized derivatives. Derivative instruments are transacted primarily in the institutional dealer market and priced with observable market assumptions at a mid-market valuation point. The Bank does not provide a credit valuation adjustment based on aggregate exposure by derivative counterparty when measuring the fair value of its derivatives. This is because the collateral provisions pertaining to the Bank’s derivatives should obviate the need to provide such a credit valuation adjustment. The fair values of the Bank’s derivatives take into consideration the effects of legally enforceable master netting agreements, where applicable, that allow the Bank to settle positive and negative positions and offset cash collateral with the same counterparty on a net basis. The following estimated fair value amounts have been determined by the Bank using available market information and the Bank’s best judgment of appropriate valuation methods. These estimates are based on pertinent information available to the Bank as of March 31, 2022 and December 31, 2021. Although the Bank uses its best judgment in estimating the fair values of these financial instruments, there are inherent limitations in any estimation technique or valuation methodology. For example, because an active secondary market does not exist for a portion of the Bank’s financial instruments, in certain cases, fair values are not subject to precise quantification or verification and may change as economic and market factors and evaluation of those factors change. Therefore, these estimated fair values are not necessarily indicative of the amounts that would be realized in current market transactions although they do reflect the Bank’s judgment of how a market participant would estimate the fair value. The fair value tables presented below do not represent an estimate of the overall fair value of the Bank as a going concern, which would take into account future business opportunities and the net profitability of assets versus liabilities. The following tables present the carrying values and estimated fair values of the Bank’s financial instruments. As of March 31, 2022 Estimated Fair Value Carrying Value Total Level 1 Level 2 Netting Adjustments and Cash Collateral (2) Assets: Cash and due from banks $ 938 $ 938 $ 938 $ — $ — Interest-bearing deposits 689 689 — 689 — Securities purchased under agreements to resell 3,750 3,750 — 3,750 — Federal funds sold 8,736 8,736 — 8,736 — Available-for-sale securities (1) 2,616 2,616 — 2,616 — Held-to-maturity securities 15,614 15,492 — 15,492 — Advances 51,538 51,553 — 51,553 — Mortgage loans held for portfolio, net 139 144 — 144 — Accrued interest receivable 56 56 — 56 — Derivative (1) 289 289 — 13 276 Grantor trust assets (included in Other assets) (1) 29 29 29 — — Liabilities: Interest-bearing deposits 2,158 2,158 — 2,158 — Consolidated obligations, net: Discount notes 27,228 27,226 — 27,226 — Bonds 49,407 49,253 — 49,253 — Accrued interest payable 80 80 — 80 — Derivative liabilities (1) 10 10 — 1,332 (1,322) ____________ (1) Financial instruments measured at fair value on a recurring basis. (2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. As of December 31, 2021 Estimated Fair Value Carrying Value Total Level 1 Level 2 Netting Adjustments and Cash Collateral (2) Assets: Cash and due from banks $ 879 $ 879 $ 879 $ — $ — Interest-bearing deposits 688 688 — 688 — Securities purchased under agreements to resell 7,000 7,000 — 7,000 — Federal funds sold 6,420 6,420 — 6,420 — Available-for-sale securities (1) 2,639 2,639 — 2,639 — Held-to-maturity securities 15,074 15,099 — 15,099 — Advances 45,415 45,635 — 45,635 — Mortgage loans held for portfolio, net 149 161 — 161 — Accrued interest receivable 57 57 — 57 — Derivative assets (1) 331 331 — 4 327 Grantor trust assets (included in Other assets) (1) 35 35 35 — — Liabilities: Interest-bearing deposits 2,054 2,054 — 2,054 — Consolidated obligations, net: Discount notes 25,506 25,506 — 25,506 — Bonds 46,186 46,338 — 46,338 — Mandatorily redeemable capital stock 1 1 1 — — Accrued interest payable 72 72 — 72 — Derivative liabilities (1) 22 22 — 455 (433) ____________ (1) Financial instruments measured at fair value on a recurring basis. (2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Consolidated obligations are backed only by the financial resources of the FHLBanks. At any time, the Finance Agency may require any FHLBank to make principal or interest payments due on any consolidated obligation, whether or not the primary obligor FHLBank has defaulted on the payment of that obligation. No FHLBank has ever had to assume or pay the consolidated obligation of another FHLBank. The par value of the other FHLBanks’ outstanding consolidated obligations for which the Bank is jointly and severally liable was $621,599 and $580,909 as of March 31, 2022 and December 31, 2021, respectively, exclusive of the Bank’s own outstanding consolidated obligations. None of the other FHLBanks defaulted on their consolidated obligations, the Finance Agency was not required to allocate any obligation among the FHLBanks, and no amount of the joint and several obligation was fixed as of March 31, 2022 and December 31, 2021. Accordingly, the Bank has not recognized a liability for its joint and several obligation related to the other FHLBanks’ consolidated obligations as of March 31, 2022 and December 31, 2021. The following table presents the Bank’s outstanding commitments, which represent off-balance sheet obligations. As of March 31, 2022 As of December 31, 2021 Expire Within One Year Expire After One Year Total Expire Within One Year Expire After One Year Total Standby letters of credit (1) $ 3,078 $ 3,688 $ 6,766 $ 3,757 $ 3,914 $ 7,671 Commitments to fund additional advances 39 30 69 96 38 134 Unsettled consolidated obligation bonds, at par (2) 1,151 — 1,151 80 — 80 Unsettled consolidated obligation discount notes, at par (2) 2,000 — 2,000 — — — ____________ (1) “Expire Within One Year” includes 18 standby letters of credit for a total of $16 and 19 standby letters of credit for a total of $15 as of March 31, 2022 and December 31, 2021, respectively, which have no stated maturity date and are subject to renewal on an annual basis. (2) Expiration is based on settlement period rather than underlying contractual maturity of consolidated obligations. The carrying value of the guarantees related to standby letters of credit is recorded in “Other liabilities” on the Statements of Condition and amounted to $15 and $16 as of March 31, 2022 and December 31, 2021, respectively. Based on the Bank’s credit analyses and collateral requirements, the Bank does not deem it necessary to record any additional liability on the Statement of Condition for these commitments as of March 31, 2022 and December 31, 2021. The Bank is subject to legal proceedings arising in the normal course of business. After consultation with legal counsel, management does not anticipate, as of the date of the financial statements, that the ultimate liability, if any, arising out of these matters will have a material effect on the Bank’s financial condition or results of operations.

Transactions With Shareholders

Transactions With Shareholders	3 Months Ended
Transactions With Shareholders	Mar. 31, 2022
Transactions With Shareholders [Abstract]
Transactions With Shareholders	Transactions with Shareholders The Bank is a cooperative whose member institutions own substantially all of the capital stock of the Bank. Former members and certain non-members, which own the Bank’s capital stock as a result of a merger or acquisition of a member of the Bank, own the remaining capital stock to support business transactions still carried on the Bank’s Statements of Condition. All holders of the Bank’s capital stock receive dividends on their investments, to the extent declared by the Bank’s board of directors. All advances are issued to members and eligible housing associates under the Federal Home Loan Bank Act of 1932, as amended (FHLBank Act), and mortgage loans held for portfolio were purchased from members. The Bank also maintains demand deposit accounts primarily to facilitate settlement activities that are related directly to advances and mortgage loans purchased. Transactions with any member that has an officer or director who is also a director of the Bank are subject to the same Bank policies as transactions with other members. Related Parties. In accordance with GAAP, financial statements are required to disclose material related-party transactions other than compensation arrangements, expense allowances, or other similar items that occur in the ordinary course of business. Under GAAP, related parties include owners of more than 10 percent of the voting interests of the Bank. Due to limits on member voting rights under the FHLBank Act and Finance Agency regulations, no member owned more than 10 percent of the total voting interests. Therefore, the Bank had no such related party transactions required to be disclosed for the periods presented. Shareholder Concentrations. The Bank considers shareholder concentration as members or non-members with regulatory capital stock outstanding in excess of 10 percent of the Bank’s total regulatory capital stock. The following tables present transactions with shareholders whose holdings of regulatory capital stock exceed 10 percent of total regulatory capital stock outstanding. As of March 31, 2022 Regulatory Capital Stock Outstanding Percent of Total Regulatory Capital Stock Outstanding Par Value of Advances Percent of Total Par Value of Advances Interest-bearing Deposits Percent of Total Interest-bearing Deposits Bank of America, National Association $ 297 11.20 $ 7,506 14.50 $ — — As of December 31, 2021 Regulatory Capital Stock Outstanding Percent of Total Regulatory Capital Stock Outstanding Par Value of Advances Percent of Total Par Value of Advances Interest-bearing Deposits Percent of Total Interest-bearing Deposits Bank of America, National Association $ 298 12.49 $ 7,506 16.71 $ — 0.02 TIAA, FSB 277 11.61 6,946 15.46 1 0.05

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent EventsOn April 28, 2022, the Bank's board of directors approved a first quarter 2022 cash dividend at an annualized rate of 3.74 percent. The Bank paid the first quarter 2022 dividend on May 3, 2022, in the amount of $22.

Investments in Debt Securities

Investments in Debt Securities (Tables)	3 Months Ended
Investments in Debt Securities (Tables)	Mar. 31, 2022
Investment Holdings [Line Items]
Schedule of Available-for-sale Securities Reconciliation	Major Security Type. The following table presents available-for-sale securities. All of the Bank’s available-for-sale securities are U.S. Treasury obligations. Amortized Cost (1) Gross Gross Estimated Fair Value As of March 31, 2022 $ 2,648 $ 2 $ (34) $ 2,616 As of December 31, 2021 $ 2,648 $ — $ (9) $ 2,639 ____________________ (1) Amortized cost includes adjustments made to the cost basis for accretion, amortization, and excludes accrued interest receivable that was not material as of March 31, 2022 and December 31, 2021.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The following table presents available-for-sale securities with unrealized losses. The unrealized losses are aggregated by the length of time that the individual securities have been in a continuous unrealized loss position. Less than 12 Months Estimated Gross As of March 31, 2022 $ 1,564 $ (34) As of December 31, 2021 $ 1,589 $ (9)
Available-for-Sale ClassifiedByContractualMaturityDateTableTextBlock	Redemption Terms: The following table presents the amortized cost and estimated fair value of available-for-sale securities by contractual maturity. As of March 31, 2022 As of December 31, 2021 Amortized Cost (1) Estimated Amortized Cost (1) Estimated Due after one year through five years $ 2,648 $ 2,616 $ 2,648 $ 2,639 ____________
Debt Securities, Held-to-maturity [Table Text Block]	Major Security Types. The following table presents held-to-maturity securities. As of March 31, 2022 As of December 31, 2021 Amortized Cost (1) Gross Gross Estimated Amortized Cost (1) Gross Gross Estimated State or local housing agency debt obligations $ 1 $ — $ — $ 1 $ 1 $ — $ — $ 1 Government-sponsored enterprises debt obligations 1,385 3 (22) 1,366 1,450 6 (6) 1,450 Mortgage-backed securities: U.S. agency obligations-guaranteed residential 203 — (12) 191 221 — (3) 218 Government-sponsored enterprises residential 4,563 23 (44) 4,542 4,927 43 (9) 4,961 Government-sponsored enterprises commercial 9,462 13 (83) 9,392 8,475 19 (25) 8,469 Total $ 15,614 $ 39 $ (161) $ 15,492 $ 15,074 $ 68 $ (43) $ 15,099 ____________ (1) Excludes accrued interest receivable of $7 and $6 as of March 31, 2022 and December 31, 2021, respectively.
Investments Classified by Contractual Maturity Date	Redemption Terms. The following table presents the amortized cost and estimated fair value of held-to-maturity securities by contractual maturity. Mortgage-backed securities (MBS) are not presented by contractual maturity because their actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment fees. As of March 31, 2022 As of December 31, 2021 Amortized Cost (1) Estimated Amortized Cost (1) Estimated Non-mortgage-backed securities: Due in one year or less $ 370 $ 370 $ 435 $ 435 Due after one year through five years 956 936 856 853 Due after five years through 10 years — — 100 101 Due after 10 years 60 61 60 62 Total non-mortgage-backed securities 1,386 1,367 1,451 1,451 Mortgage-backed securities 14,228 14,125 13,623 13,648 Total $ 15,614 $ 15,492 $ 15,074 $ 15,099 ____________ (1) Excludes accrued interest receivable of $7 and $6 as of March 31, 2022 and December 31, 2021, respectively.	[1]

[1]	(1) Excludes accrued interest receivable of $7 and $6 as of March 31, 2022 and December 31, 2021, respectively.

Advances (Tables)

Advances (Tables)	3 Months Ended
Advances (Tables)	Mar. 31, 2022
Advances [Abstract]
Federal Home Loan Bank, Advances	Redemption Terms. The following table presents the Bank’s advances outstanding by year of contractual maturity. As of March 31, 2022 As of December 31, 2021 Due in one year or less $ 31,349 $ 21,819 Due after one year through two years 3,527 3,247 Due after two years through three years 2,191 2,236 Due after three years through four years 2,017 3,145 Due after four years through five years 3,247 3,047 Due after five years 9,436 11,433 Total par value 51,767 44,927 Deferred prepayment fees (62) (70) Discount on AHP (1) advances (1) (2) Discount on EDGE (2) advances (1) (1) Hedging adjustments (165) 561 Total (3) $ 51,538 $ 45,415 ___________ (1) The Affordable Housing Program (2) The Economic Development and Growth Enhancement Program (3) Carrying amounts exclude accrued interest receivable of $47 and $50 as of March 31, 2022 and December 31, 2021, respectively. The following table presents advances by year of contractual maturity or, for convertible advances, next available conversion date. As of March 31, 2022 As of December 31, 2021 Due or convertible in one year or less $ 35,481 $ 27,082 Due or convertible after one year through two years 3,529 3,271 Due or convertible after two years through three years 2,189 2,215 Due or convertible after three years through four years 1,992 3,137 Due or convertible after four years through five years 3,161 2,976 Due or convertible after five years 5,415 6,246 Total par value $ 51,767 $ 44,927 Interest-rate Payment Terms. The following table presents interest-rate payment terms for advances. As of March 31, 2022 As of December 31, 2021 Fixed-rate: Due in one year or less $ 20,473 $ 14,715 Due after one year 17,573 20,391 Total fixed-rate 38,046 35,106 Variable-rate: Due in one year or less 10,876 7,104 Due after one year 2,845 2,717 Total variable-rate 13,721 9,821 Total par value $ 51,767 $ 44,927

Mortgage Loans Held for Portf_2

Mortgage Loans Held for Portfolio (Tables)	3 Months Ended
Mortgage Loans Held for Portfolio (Tables)	Mar. 31, 2022
Receivables [Abstract]
Mortgage Loans Held for Portfolio	The following table presents information on mortgage loans held for portfolio by contractual maturity at the time of purchase. As of March 31, 2022 As of December 31, 2021 Medium-term (15 years or less) $ 1 $ 2 Long-term (greater than 15 years) 138 148 Total unpaid principal balance 139 150 Discounts — (1) Total mortgage loans held for portfolio (1) 139 149 Allowance for credit losses on mortgage loans (2) — — Mortgage loans held for portfolio, net $ 139 $ 149 ____________ (1) Exclude accrued interest receivable of $1 as of March 31, 2022 and December 31, 2021. (2) The amounts are not material. The following table presents the unpaid principal balance of mortgage loans held for portfolio by collateral or guarantee type. As of March 31, 2022 As of December 31, 2021 Conventional mortgage loans $ 127 $ 137 Government-guaranteed or insured mortgage loans 12 13 Total unpaid principal balance $ 139 $ 150
Allowance for Credit Losses on Financing Receivables	The following table presents the activity in the allowance for credit losses related to conventional residential mortgage loans. For the Three Months Ended March 31, 2022 (1) 2021 Balance, beginning of period $ — $ 1 Provision for credit losses — — Balance, end of period $ — $ 1
Past Due Financing Receivables	Payment status is a key credit quality indicator for conventional mortgage loans and allows the Bank to monitor the migration of past due loans. Other delinquency statistics include, non-accrual loans and loans in process of foreclosure. The following tables present the payment status for conventional mortgage loans. Loans are grouped by loans originated in the most recent five years and those loans originated prior to the most recent five-year period. As of March 31, 2022 Origination Year Prior to 2018 Total Payment status, at amortized cost: (1) Past due 30-59 days $ 4 $ 4 Past due 60-89 days (2) — — Past due 90 days or more 6 6 Total past due mortgage loans 10 10 Current mortgage loans 117 117 Total conventional mortgage loans $ 127 $ 127 ____________ (1) Amortized cost excludes accrued interest receivable of $1 as of March 31, 2022. (2) The amount is not material. As of December 31, 2021 Origination Year 2017 (2) Prior to 2017 Total Payment status, at amortized cost: (1) Past due 30-59 days $ — $ 2 $ 2 Past due 60-89 days — 1 1 Past due 90 days or more — 7 7 Total past due mortgage loans — 10 10 Current mortgage loans — 126 126 Total conventional mortgage loans $ — $ 136 $ 136 ____________ (1) Amortized cost excludes accrued interest receivable of $1 as of December 31, 2021. (2) Mortgage loans originated in 2017 had a current payment status and the amounts are not material. The following tables present the other delinquency statistics for all mortgage loans. As of March 31, 2022 Conventional Residential Mortgage Loans Government-guaranteed or Insured Residential Mortgage Loans Total Other delinquency statistics, at amortized cost: In process of foreclosure (1) $ 1 $ — $ 1 Seriously delinquent rate (2) 4.82 % 7.40 % 5.04 % Past due 90 days or more and still accruing interest (3) $ — $ 1 $ 1 Mortgage loans on nonaccrual status (4) $ 6 $ — $ 6 ____________ (1) Includes mortgage loans where the decision of foreclosure or similar alternative, such as a pursuit of deed-in-lieu, has been reported. The amounts are not material. (2) Mortgage loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total mortgage loan portfolio segment. (3) Mortgage loans insured or guaranteed by the Federal Housing Administration or the Department of Veterans Affairs. (4) Represents mortgage loans with contractual principal or interest payments 90 days or more past due and not accruing interest. As of March 31, 2022, none of conventional mortgage loans on non-accrual status had an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value and/or the fair value of the underlying collateral, including any credit enhancements, is greater than the amortized cost of the loans. As of December 31, 2021 Conventional Residential Mortgage Loans Government-guaranteed or Insured Residential Mortgage Loans Total Other delinquency statistics, at amortized cost: In process of foreclosure (1) $ — $ — $ — Seriously delinquent rate (2) 4.70 % 6.26 % 4.83 % Past due 90 days or more and still accruing interest (3) $ — $ 1 $ 1 Mortgage loans on nonaccrual status (4) $ 6 $ — $ 6 ____________ (1) Includes mortgage loans where the decision of foreclosure or similar alternative, such as a pursuit of deed-in-lieu, has been reported. The amounts are not material. (2) Mortgage loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total mortgage loan portfolio segment. (3) Mortgage loans insured or guaranteed by the Federal Housing Administration or the Department of Veterans Affairs. (4) Represents mortgage loans with contractual principal or interest payments 90 days or more past due and not accruing interest. As of December 31, 2021, none of conventional mortgage loans on non-accrual status had an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value and/or the fair value of the underlying collateral, including any credit enhancements, is greater than the amortized cost of the loans.

Consolidated Obligations (Table

Consolidated Obligations (Tables)	3 Months Ended
Consolidated Obligations (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Consolidated Obligation Bonds by Interest-Rate Payment	Interest-rate Payment Terms. The following table presents the Bank’s consolidated obligation bonds by interest-rate payment type. As of March 31, 2022 As of December 31, 2021 Fixed-rate $ 31,408 $ 27,751 Simple variable-rate 16,030 16,400 Step up/down 3,258 2,295 Total par value $ 50,696 $ 46,446
Consolidated Obligation Bonds Outstanding, by Year of Contractual Maturity	Redemption Terms. The following table presents the Bank’s participation in consolidated obligation bonds outstanding by year of contractual maturity. As of March 31, 2022 As of December 31, 2021 Amount Weighted- Amount Weighted- Due in one year or less $ 16,738 0.37 $ 16,640 0.16 Due after one year through two years 3,838 1.35 2,110 0.55 Due after two years through three years 12,374 0.81 10,700 0.81 Due after three years through four years 6,020 0.82 4,720 0.67 Due after four years through five years 8,426 1.23 7,829 0.94 Due after five years 3,300 2.06 4,447 1.76 Total par value 50,696 0.85 46,446 0.67 Premiums 8 10 Discounts (16) (17) Hedging adjustments (1,281) (253) Total $ 49,407 $ 46,186
Callable and Noncallable Consolidated Obligations Bonds Outstanding	The following table presents the Bank’s consolidated obligation bonds outstanding by call feature. As of March 31, 2022 As of December 31, 2021 Callable $ 29,170 $ 24,393 Noncallable 21,526 22,053 Total par value $ 50,696 $ 46,446
Summary of Callable Consolidated Obligation Bonds Outstanding, by Year of Contractual Maturity	The following table presents the Bank’s consolidated obligation bonds outstanding, by year of contractual maturity, or for callable consolidated obligation bonds, by next call date. As of March 31, 2022 As of December 31, 2021 Due or callable in one year or less $ 45,486 $ 40,712 Due or callable after one year through two years 2,206 1,778 Due or callable after two years through three years 567 1,674 Due or callable after three years through four years 1,217 1,090 Due or callable after four years through five years 43 3 Due or callable after five years 1,177 1,189 Total par value $ 50,696 $ 46,446
Consolidated Obligation Discount Notes	The following table presents the Bank’s participation in consolidated obligation discount notes. Book Value Par Value Weighted-average As of March 31, 2022 $ 27,228 $ 27,235 0.24 As of December 31, 2021 $ 25,506 $ 25,507 0.04

Capital and Mandatorily Redee_2

Capital and Mandatorily Redeemable Capital Stock (Tables)	3 Months Ended
Capital and Mandatorily Redeemable Capital Stock (Tables)	Mar. 31, 2022
Banking Regulation, Total Capital [Abstract]
Schedule of Compliance With Regulatory Capital Requirements	Capital. The following table presents the Bank’s compliance with the Federal Housing Finance Agency’s (Finance Agency) regulatory capital rules and requirements. As of March 31, 2022 As of December 31, 2021 Required Actual Required Actual Risk-based capital $ 612 $ 4,898 $ 814 $ 4,612 Total regulatory capital ratio 4.00 % 5.80 % 4.00 % 5.86 % Total regulatory capital (1) $ 3,378 $ 4,898 $ 3,150 $ 4,612 Leverage capital ratio 5.00 % 8.70 % 5.00 % 8.79 % Leverage capital $ 4,223 $ 7,347 $ 3,937 $ 6,918 ____________ (1) Total regulatory capital does not include accumulated other comprehensive loss, but does include mandatorily redeemable capital stock.
Schedule of declared quarterly cash dividends [Table Text Block]	The Bank declares and pays any dividends only after net income is calculated for the preceding quarter. The following table presents the Bank’s declared and paid quarterly cash dividends in 2022 and 2021. 2022 2021 Amount Annualized Rate (%) Amount Annualized Rate (%) First quarter $ 22 3.70 $ 30 3.72

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Tables)	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components Comprising Accumulated Other Comprehensive Income	The following table presents the components comprising accumulated other comprehensive loss. Net Unrealized Gains (Losses) on Available-for-sale Securities Pension and Postretirement Benefits Total Accumulated Balance, December 31, 2020 $ — $ (16) $ (16) Reclassification from accumulated other comprehensive income to net income: — Amortization of pension and postretirement (1) — 3 3 Net current period other comprehensive income — 3 3 Balance, March 31, 2021 $ — $ (13) $ (13) Balance, December 31, 2021 $ (9) $ (7) $ (16) Other comprehensive income before reclassifications: Net unrealized losses on available-for-sale securities (23) — (23) Net current period other comprehensive loss (23) — (23) Balance, March 31, 2022 $ (32) $ (7) $ (39) ____________ (1) Included in Noninterest expense - Other on the Statements of Income.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
Derivatives and Hedging Activities (Tables)	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivative Instruments	The following table presents the notional amount, fair value of derivative instruments, and total derivative assets and liabilities. Total derivative assets and liabilities include the effect of netting adjustments and cash collateral. For purposes of this disclosure, the derivative values include the fair value of derivatives and the related accrued interest. As of March 31, 2022 As of December 31, 2021 Notional Amount of Derivatives Derivative Assets Derivative Liabilities Notional Amount of Derivatives Derivative Assets Derivative Liabilities Derivatives in hedging relationships: Interest-rate swaps (1) $ 49,758 $ 8 $ 1,330 $ 46,340 $ 2 $ 453 Derivatives not designated as hedging instruments: Interest-rate swaps (1) 63 2 — 64 1 1 Interest-rate caps or floors 4,000 3 2 4,000 1 1 Total derivatives not designated as hedging instruments 4,063 5 2 4,064 2 2 Total derivatives before netting and collateral adjustments $ 53,821 13 1,332 $ 50,404 4 455 Netting adjustments and cash collateral (2) 276 (1,322) 327 (433) Derivative assets and derivative liabilities $ 289 $ 10 $ 331 $ 22 ___________ (1) Includes variation margin for daily settled contracts of negative $284 as of March 31, 2022 and $300 as of December 31, 2021. (2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. Cash collateral posted, including accrued interest was $1,597 and $759 as of March 31, 2022 and December 31, 2021, respectively. The Bank did not receive any cash collateral, including accrued interest, as of March 31, 2022 and December 31, 2021.
Net Gains (Losses) on Fair Value Hedging Relationships	The following table presents the net gains (losses) on fair value hedging relationships. For the Three Months Ended March 31, 2022 2021 Interest Income (Expense) Advances Consolidated Obligation Bonds Advances Consolidated Obligation Bonds Total interest income (expense) recorded in the Statements of Income $ 63 $ (22) $ 87 $ (45) Changes in fair value: Hedged items $ (673) $ 1,029 $ (621) $ 89 Derivatives 725 (1,018) 691 (88) Net changes in fair value 52 11 70 1 Net interest settlements on derivatives (1) (2) (59) 53 (94) 10 Amortization/accretion of active hedging relationships (42) — (45) — Other (11) — (3) — Total net interest income effect from fair value hedging relationships $ (60) $ 64 $ (72) $ 11 ____________ (1) Represents interest income/expense on derivatives in qualifying fair-value hedging relationships. Net interest settlements on derivatives that are not in qualifying fair-value hedging relationships are reported in other income.
Cumulative Basis Adjustments for Fair Value Hedges	The following table presents the total basis adjustments on hedged items designated as fair value hedges and the related amortized cost of the hedged items. As of March 31, 2022 As of December 31, 2021 Line Item in Statement of Conditions of Hedged Item Amortized Cost of Hedged Asset or Liability (1) Basis Adjustments for Active Hedging Relationships Included in Amortized Cost Basis Adjustments for Discontinued Hedging Relationships included in Amortized Cost Total Amount of Fair Value Hedging Basis Adjustments Amortized Cost of Hedged Asset or Liability (1) Basis Adjustments for Active Hedging Relationships Included in Amortized Cost Basis Adjustments for Discontinued Hedging Relationships included in Amortized Cost Total Amount of Fair Value Hedging Basis Adjustments Advances $ 18,583 $ (221) $ 56 $ (165) $ 21,293 $ 492 $ 69 $ 561 Consolidated obligations: Bonds 30,313 (1,281) — (1,281) 25,256 (252) (1) (253) ___________ (1) Includes only the portion of amortized cost representing the hedged items in fair value hedging relationships.
Derivatives Not Designated as Hedging Instruments [Table Text Block]	The following table presents net gains on derivatives recorded in noninterest income on the Statements of Income. For the Three Months Ended March 31, 2022 2021 Derivatives not designated as hedging instruments: Interest-rate swaps $ — $ 1 Interest-rate caps or floors 1 — Net gains on derivatives $ 1 $ 1
Offsetting Assets [Table Text Block]	The following table presents the fair value of derivative instruments meeting or not meeting netting requirements, including the related collateral received from or pledged to counterparties. As of March 31, 2022 As of December 31, 2021 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Gross recognized amount: Uncleared derivatives $ 11 $ 1,303 $ 4 $ 451 Cleared derivatives 2 29 — 4 Total gross recognized amount 13 1,332 4 455 Gross amounts of netting adjustments and cash collateral: Uncleared derivatives 29 (1,293) (3) (429) Cleared derivatives 247 (29) 330 (4) Total gross amounts of netting adjustments and cash collateral 276 (1,322) 327 (433) Net amounts after netting adjustments and cash collateral: Uncleared derivatives 40 10 1 22 Cleared derivatives 249 — 330 — Total net amounts after netting adjustments and cash collateral 289 10 331 22 Non-cash collateral received or pledged not offset-cannot be sold or repledged: (1) Uncleared derivatives — — — — Cleared derivatives — — — — Total cannot be sold or repledged (1) — — — — Net unsecured amounts: (1) Uncleared derivatives 40 10 1 22 Cleared derivatives 249 — 330 — Total net unsecured amount (1) $ 289 $ 10 $ 331 $ 22 ____________ (1) The Bank had net credit exposure of $40 and $0 as of March 31, 2022 and December 31, 2021, respectively, due to instances where the Bank’s pledged collateral to a counterparty exceeded the Bank’s net derivative liability position.

Estimated Fair Values (Tables)

Estimated Fair Values (Tables)	3 Months Ended	9 Months Ended
Estimated Fair Values (Tables)	Mar. 31, 2022	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Carrying Values and Estimated Fair Values	The following tables present the carrying values and estimated fair values of the Bank’s financial instruments. As of March 31, 2022 Estimated Fair Value Carrying Value Total Level 1 Level 2 Netting Adjustments and Cash Collateral (2) Assets: Cash and due from banks $ 938 $ 938 $ 938 $ — $ — Interest-bearing deposits 689 689 — 689 — Securities purchased under agreements to resell 3,750 3,750 — 3,750 — Federal funds sold 8,736 8,736 — 8,736 — Available-for-sale securities (1) 2,616 2,616 — 2,616 — Held-to-maturity securities 15,614 15,492 — 15,492 — Advances 51,538 51,553 — 51,553 — Mortgage loans held for portfolio, net 139 144 — 144 — Accrued interest receivable 56 56 — 56 — Derivative (1) 289 289 — 13 276 Grantor trust assets (included in Other assets) (1) 29 29 29 — — Liabilities: Interest-bearing deposits 2,158 2,158 — 2,158 — Consolidated obligations, net: Discount notes 27,228 27,226 — 27,226 — Bonds 49,407 49,253 — 49,253 — Accrued interest payable 80 80 — 80 — Derivative liabilities (1) 10 10 — 1,332 (1,322) ____________ (1) Financial instruments measured at fair value on a recurring basis. (2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty.	As of December 31, 2021 Estimated Fair Value Carrying Value Total Level 1 Level 2 Netting Adjustments and Cash Collateral (2) Assets: Cash and due from banks $ 879 $ 879 $ 879 $ — $ — Interest-bearing deposits 688 688 — 688 — Securities purchased under agreements to resell 7,000 7,000 — 7,000 — Federal funds sold 6,420 6,420 — 6,420 — Available-for-sale securities (1) 2,639 2,639 — 2,639 — Held-to-maturity securities 15,074 15,099 — 15,099 — Advances 45,415 45,635 — 45,635 — Mortgage loans held for portfolio, net 149 161 — 161 — Accrued interest receivable 57 57 — 57 — Derivative assets (1) 331 331 — 4 327 Grantor trust assets (included in Other assets) (1) 35 35 35 — — Liabilities: Interest-bearing deposits 2,054 2,054 — 2,054 — Consolidated obligations, net: Discount notes 25,506 25,506 — 25,506 — Bonds 46,186 46,338 — 46,338 — Mandatorily redeemable capital stock 1 1 1 — — Accrued interest payable 72 72 — 72 — Derivative liabilities (1) 22 22 — 455 (433) ____________ (1) Financial instruments measured at fair value on a recurring basis. (2) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Off Balance Sheet Commitments [Table Text Block]	The following table presents the Bank’s outstanding commitments, which represent off-balance sheet obligations. As of March 31, 2022 As of December 31, 2021 Expire Within One Year Expire After One Year Total Expire Within One Year Expire After One Year Total Standby letters of credit (1) $ 3,078 $ 3,688 $ 6,766 $ 3,757 $ 3,914 $ 7,671 Commitments to fund additional advances 39 30 69 96 38 134 Unsettled consolidated obligation bonds, at par (2) 1,151 — 1,151 80 — 80 Unsettled consolidated obligation discount notes, at par (2) 2,000 — 2,000 — — — ____________ (1) “Expire Within One Year” includes 18 standby letters of credit for a total of $16 and 19 standby letters of credit for a total of $15 as of March 31, 2022 and December 31, 2021, respectively, which have no stated maturity date and are subject to renewal on an annual basis.

Transactions With Shareholders

Transactions With Shareholders (Tables)	3 Months Ended
Transactions With Shareholders (Tables)	Mar. 31, 2022
Transactions With Shareholders [Abstract]
Schedule of Transactions with Shareholders [Table Text Block]	Shareholder Concentrations. The Bank considers shareholder concentration as members or non-members with regulatory capital stock outstanding in excess of 10 percent of the Bank’s total regulatory capital stock. The following tables present transactions with shareholders whose holdings of regulatory capital stock exceed 10 percent of total regulatory capital stock outstanding. As of March 31, 2022 Regulatory Capital Stock Outstanding Percent of Total Regulatory Capital Stock Outstanding Par Value of Advances Percent of Total Par Value of Advances Interest-bearing Deposits Percent of Total Interest-bearing Deposits Bank of America, National Association $ 297 11.20 $ 7,506 14.50 $ — — As of December 31, 2021 Regulatory Capital Stock Outstanding Percent of Total Regulatory Capital Stock Outstanding Par Value of Advances Percent of Total Par Value of Advances Interest-bearing Deposits Percent of Total Interest-bearing Deposits Bank of America, National Association $ 298 12.49 $ 7,506 16.71 $ — 0.02 TIAA, FSB 277 11.61 6,946 15.46 1 0.05

Available -for-sale Securities

Available -for-sale Securities (Available-for-sale by Major Security Type) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities		$ 2,616	$ 2,639
US Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized cost of available-for-sale securities	[1]	2,648	2,648
Gross unrealized gains on available-for-sale securities		2	0
Gross unrealized loss on available-for-sale securities		(34)	(9)
Available-for-sale Securities		$ 2,616	$ 2,639

[1]	Amortized cost includes adjustments made to the cost basis for accretion, amortization, and excludes accrued interest receivable that was not material as of March 31, 2022 and December 31, 2021

Available-for-sale Securities (

Available-for-sale Securities (Summary of Available-for-sale Securities in a Continuous Unrealized Loss Position) (Details) - US Treasury Securities [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ (1,564)	$ (1,589)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ (34)	$ (9)

Available-for-sale Securities_2

Available-for-sale Securities (Redemption Terms) (Details) - US Treasury Securities [Member] - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Due after one year through five years, Amortized Cost	[1]	$ 2,648	$ 2,648
Due after one through five years, Fair Value		$ 2,616	$ 2,639

[1]	Amortized cost includes adjustments made to the cost basis for accretion, amortization, and excludes accrued interest receivable that was not material as of March 31, 2022 and December 31, 2021

Held-to-maturity Securities (He

Held-to-maturity Securities (Held-to-maturity by Major Security Type) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity, Amortized Cost	[1]	$ 15,614	$ 15,074
Held-to-maturity securities Gross Unrealized Gains		39	68
Gross Unrealized Losses on held-to-maturity securities		(161)	(43)
Held-to-maturity securities, fair value		15,492	15,099
Held-to-maturity Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to -maturity Securities accrued interest receivable		7	6
State or local housing agency debt obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity, Amortized Cost	[1]	1	1
Held-to-maturity securities Gross Unrealized Gains		0	0
Gross Unrealized Losses on held-to-maturity securities		0	0
Held-to-maturity securities, fair value		1	1
Government-Sponsored Enterprises Debt Obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity, Amortized Cost	[1]	1,385	1,450
Held-to-maturity securities Gross Unrealized Gains		3	6
Gross Unrealized Losses on held-to-maturity securities		(22)	(6)
Held-to-maturity securities, fair value		1,366	1,450
Residential [Member] \| U.S. agency obligations-guaranteed residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity, Amortized Cost	[1]	203	221
Held-to-maturity securities Gross Unrealized Gains		0	0
Gross Unrealized Losses on held-to-maturity securities		(12)	(3)
Held-to-maturity securities, fair value		191	218
Residential [Member] \| Government-sponsored enterprises [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity, Amortized Cost	[1]	4,563	4,927
Held-to-maturity securities Gross Unrealized Gains		23	43
Gross Unrealized Losses on held-to-maturity securities		(44)	(9)
Held-to-maturity securities, fair value		4,542	4,961
Commercial [Member] \| Government-sponsored enterprises [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to-maturity, Amortized Cost	[1]	9,462	8,475
Held-to-maturity securities Gross Unrealized Gains		13	19
Gross Unrealized Losses on held-to-maturity securities		(83)	(25)
Held-to-maturity securities, fair value		$ 9,392	$ 8,469

[1]	Excludes accrued interest receivable of $7 and $6 as of March 31, 2022 and December 31, 2021, respectively

Held-to-maturity Securities (Re

Held-to-maturity Securities (Redemption Terms) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost of held-to-maturity securities	[1]	$ 15,614	$ 15,074
Estimated fair value of held-to-maturity securites		15,492	15,099
Held-to-maturity Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Held-to -maturity Securities accrued interest receivable		7	6
Non-mortgage backed securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost of held -to-maturity securities due in one year or less	[1]	370	435
Amortized cost of held-to-maturity securities due after one year through five years	[1]	956	856
Amortized Cost of held-to-maturity securities due after five years through ten years	[1]	0	100
Amortized Cost of held-to-maturity securities due after 10 years	[1]	60	60
Amortized cost of held-to-maturity securities	[1]	1,386	1,451
Estimated fair value of held-to-maturity securities due in one year or less		370	435
Estimated fair value of held-to-maturity securities due after one year through five years		936	853
Estimated fair value of Held-to-maturity securities due after five years through ten years		0	101
Estimated fair value of Held-to-maturity securities due after 10 Years, Fair Value		61	62
Estimated fair value of held-to-maturity securites		1,367	1,451
Mortgage-backed securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost of held-to-maturity securities	[1]	14,228	13,623
Estimated fair value of held-to-maturity securites		$ 14,125	$ 13,648

[1]	Excludes accrued interest receivable of $7 and $6 as of March 31, 2022 and December 31, 2021, respectively

Advances Advances (Redemption T

Advances Advances (Redemption Terms) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Advances [Abstract]
Due in one year or less		$ 31,349	$ 21,819
Due after one year through two years		3,527	3,247
Due after two years through three years		2,191	2,236
Due after three years through four years		2,017	3,145
Due after four years through five years		3,247	3,047
Due after five years		9,436	11,433
Total par value		51,767	44,927
Deferred prepayment fees		(62)	(70)
Discount on AHP Advances	[1]	(1)	(2)
Discount on EDGE advances	[2]	(1)	(1)
Hedging adjustments		(165)	561
Total Federal Home Loan Bank Advances	[3]	51,538	45,415
Accrued Interest Receivable, Advances Disclosure		$ 47	$ 50

[1]	The Affordable Housing Program
[2]	The Economic Development and Growth Enhancement Program
[3]	Carrying amounts exclude accrued interest receivable of $47 and $50 as of March 31, 2022 and December 31, 2021, respectively.

Advances (Advances by Year of C

Advances (Advances by Year of Contractual Maturity for Convertible Advances) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Advances [Abstract]
Due or convertible in one year or less	$ 35,481	$ 27,082
Due or convertible after one year through two years	3,529	3,271
Due or convertible after two years through three years	2,189	2,215
Due or convertible after three years through four years	1,992	3,137
Due or convertible after four years through five years	3,161	2,976
Due or convertible after five years	5,415	6,246
Total par value	$ 51,767	$ 44,927

Advances (Interest-rate Payment

Advances (Interest-rate Payment Terms) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Advances [Abstract]
Fixed-rate, due in one year or less	$ 20,473	$ 14,715
Fixed-rate, due after one year	17,573	20,391
Total fixed-rate	38,046	35,106
Variable-rate, due in one year or less	10,876	7,104
Variable-rate, due after one year	2,845	2,717
Total variable-rate	13,721	9,821
Total par value	$ 51,767	$ 44,927

Advances (Credit Risk Narrative

Advances (Credit Risk Narrative) (Details Textual) $ in Millions	Mar. 31, 2022USD ($)Institutions	Dec. 31, 2021USD ($)Institutions
Advances [Abstract]
Number of Top Advances Borrowers \| Institutions	10	10
Advances to Ten Largest Borrowers	$ 37,776	$ 32,076
Advances Ten Largest Borrowers Percent of Total	73.00%	71.40%
Allowance for credit losses on advances	$ 0	$ 0
Advances past due	$ 0	$ 0

Mortgage Loans Held for Portf_3

Mortgage Loans Held for Portfolio (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balance		$ 139	$ 150
Discounts		0	(1)
Total mortgage loans held for portfolio	[1]	139	149
Allowance for credit losses on mortgage loans	[2]	0	0
Mortgage loans held for portfolio, net		139	149
Accrued Interest on Mortgage Loans		1	1
Fixed-rate medium-term residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balance		$ 1	$ 2
Mortgage Loans on Real Estate, Original Contractual Terms		15 years	15 years
Fixed-rate long-term residential mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balance		$ 138	$ 148
Conventional Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balance		127	137
Government-guaranteed or insured mortgage loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balance		$ 12	$ 13

[1]	Exclude accrued interest receivable of $1 as of March 31, 2022 and December 31, 2021.
[2]	The amounts are not material.

Mortgage Loans Held for Portf_4

Mortgage Loans Held for Portfolio Roll-forward of Allowance for Credit Losses (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022		Mar. 31, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance, beginning of period	[1]	$ 0
Balance, end of period	[1]	0
Residential Portfolio Segment [Member] \| Conventional Mortgage Loan [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance, beginning of period		0	[2]	$ 1
Provision for credit losses		0	[2]	0
Balance, end of period		$ 0	[2]	$ 1

[1]	The amounts are not material.
[2]	The amounts are not material.

Mortgage Loans Held for Portf_5

Mortgage Loans Held for Portfolio Credit Quality Indicators (Details) - Residential Portfolio Segment [Member] - USD ($) $ in Millions		Mar. 31, 2022		Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Accrued Interest Receivable on Conventional Mortgage Loans		$ 1		$ 1
In process of foreclosure at amortized cost	[1]	$ 1		$ 0
Seriously delinquent rate at amortized cost	[2]	5.04%		4.83%
Past due 90 days or more and still accruing interest at amortized cost	[3]	$ 1		$ 1
Loans on nonaccrual status at amortized cost		6	[4]	6	[5]
Government-guaranteed or insured mortgage loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
In process of foreclosure at amortized cost	[1]	$ 0		$ 0
Seriously delinquent rate at amortized cost	[2]	7.40%		6.26%
Past due 90 days or more and still accruing interest at amortized cost	[3]	$ 1		$ 1
Loans on nonaccrual status at amortized cost		0	[4]	0	[5]
Conventional Mortgage Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Past Due Mortgage Loans at Amortized Cost Originated Four Years before Latest Fiscal Year				0
Total Current Mortgage Loans at Amortized Cost Originated Four Years before Latest Fiscal Year				0
Total Mortgage Loans at Amortized Cost Originated Four Years before Latest Fiscal Year	[6]			0
Total Past Due Mortgage Loans at Amortized Cost Originated Five or More Years before Latest Fiscal Year		10		10
Total Current Mortgage Loans at Amortized Cost Originated Five or More Years before Latest Fiscal Year		117		126
Total past due mortgage loans at amortized cost		10		10
Total Current Mortgage Loans at Amortized Cost		117		126
Total Amortized Cost Originated Five or More Years before Latest Fiscal Year		127		136
Total Mortgage Loans at Amortized Cost		127	[7]	136	[8]
In process of foreclosure at amortized cost	[1]	$ 1		$ 0
Seriously delinquent rate at amortized cost	[2]	4.82%		4.70%
Past due 90 days or more and still accruing interest at amortized cost	[3]	$ 0		$ 0
Loans on nonaccrual status at amortized cost		6	[4]	6	[5]
Loans on nonaccrual status at amortized cost with an associated allowance for credit losses		0		0
Financial Asset, 30 to 59 Days Past Due [Member] \| Conventional Mortgage Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due Mortgage Loans Originated Four Years before Latest Fiscal Year				0
Past Due Mortgage Loans Originated Five or More Years before Latest Fiscal Year		4		2
Total past due mortgage loans at amortized cost		4		2
Financial Asset, 60 to 89 Days Past Due [Member] \| Conventional Mortgage Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due Mortgage Loans Originated Four Years before Latest Fiscal Year				0
Past Due Mortgage Loans Originated Five or More Years before Latest Fiscal Year		0	[9]	1
Total past due mortgage loans at amortized cost		0	[9]	1
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Conventional Mortgage Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Past Due Mortgage Loans Originated Four Years before Latest Fiscal Year				0
Past Due Mortgage Loans Originated Five or More Years before Latest Fiscal Year		6		7
Total past due mortgage loans at amortized cost		$ 6		$ 7

[1]	Includes mortgage loans where the decision of foreclosure or similar alternative, such as a pursuit of deed-in-lieu, has been reported. The amounts are not material.
[2]	Mortgage loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total mortgage loan portfolio segment.
[3]	Mortgage loans insured or guaranteed by the Federal Housing Administration or the Department of Veterans Affairs
[4]	Represents mortgage loans with contractual principal or interest payments 90 days or more past due and not accruing interest. As of March 31, 2022, none of conventional mortgage loans on non-accrual status had an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value and/or the fair value of the underlying collateral, including any credit enhancements, is greater than the amortized cost of the loans.
[5]	Represents mortgage loans with contractual principal or interest payments 90 days or more past due and not accruing interest. As of December 31, 2021, none of conventional mortgage loans on non-accrual status had an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value and/or the fair value of the underlying collateral, including any credit enhancements, is greater than the amortized cost of the loans.
[6]	Mortgage loans originated in 2017 had a current payment status and the amounts are not material.
[7]	Amortized cost excludes accrued interest receivable of $1 as of March 31, 2022.
[8]	Amortized cost excludes accrued interest receivable of $1 as of December 31, 2021.
[9]	The amount is not material.

Consolidated Obligations (Narra

Consolidated Obligations (Narrative) (Details)	3 Months Ended
Consolidated Obligations (Narrative) (Details)	Mar. 31, 2022bank
Debt Disclosure [Abstract]
Number of Federal Home Loan Banks	11
Maximum contractual maturity period of discount notes (up to one year)	1 year

Consolidated Obligations (Inter

Consolidated Obligations (Interest-rate Payment Terms) (Details) - Consolidated Obligation Bonds [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Bonds par value	$ 50,696	$ 46,446
Fixed-rate [Member]
Debt Instrument [Line Items]
Bonds par value	31,408	27,751
Simple variable-rate [Member]
Debt Instrument [Line Items]
Bonds par value	16,030	16,400
Step up/down [Member]
Debt Instrument [Line Items]
Bonds par value	$ 3,258	$ 2,295

Consolidated Obligations (Redem

Consolidated Obligations (Redemption Terms) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Federal Home Loan Bank, Consolidated Obligations, Bonds	$ 49,407	$ 46,186
Consolidated Obligation Bonds [Member]
Debt Instrument [Line Items]
Bonds, Due in one year or less	16,738	16,640
Bonds, Due after one year through two years	3,838	2,110
Bonds, Due after two years through three years	12,374	10,700
Bonds, Due after three years through four years	6,020	4,720
Bonds, Due after four years through five years	8,426	7,829
Bonds, Due after five years	3,300	4,447
Bonds par value	50,696	46,446
Premiums	8	10
Discounts	(16)	(17)
Hedging adjustments	(1,281)	(253)
Federal Home Loan Bank, Consolidated Obligations, Bonds	$ 49,407	$ 46,186
Bonds, Due in one year or less, weighted average interest rate	0.37%	0.16%
Bonds, Due after one year through two years, weighted average interest rate	1.35%	0.55%
Bonds, Due after two years through three years, weighted average interest rate	0.81%	0.81%
Bonds, Due after three years through four years, weighted average interest rate	0.82%	0.67%
Bonds, Due after four years through five years, weighted average interest rate	1.23%	0.94%
Bonds, Due after five years, weighted average interest rate	2.06%	1.76%
Total, weighted average interest rate	0.85%	0.67%

Consolidated Obligations (Bonds

Consolidated Obligations (Bonds by Callable Feature) (Details) - Consolidated Obligation Bonds [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Bonds par value	$ 50,696	$ 46,446
Callable [Member]
Debt Instrument [Line Items]
Bonds par value	29,170	24,393
Noncallable [Member]
Debt Instrument [Line Items]
Bonds par value	$ 21,526	$ 22,053

Consolidated Obligations (Bon_2

Consolidated Obligations (Bonds by Maturity or Call Date) (Details) - Consolidated Obligation Bonds [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Bonds, Due in one year or less	$ 16,738	$ 16,640
Bonds, Due after one year through two years	3,838	2,110
Bonds, Due after two years through three years	12,374	10,700
Bonds, Due after three years through four years	6,020	4,720
Bonds, Due after four years through five years	8,426	7,829
Bonds, Due after five years	3,300	4,447
Bonds par value	50,696	46,446
Earlier of Contractual Maturity or Next Call Date [Member]
Debt Instrument [Line Items]
Bonds, Due in one year or less	45,486	40,712
Bonds, Due after one year through two years	2,206	1,778
Bonds, Due after two years through three years	567	1,674
Bonds, Due after three years through four years	1,217	1,090
Bonds, Due after four years through five years	43	3
Bonds, Due after five years	$ 1,177	$ 1,189

Consolidated Obligations (Disco

Consolidated Obligations (Discount Notes) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Short-term Debt [Line Items]
Discount notes	$ 27,228	$ 25,506
Discount Notes
Short-term Debt [Line Items]
Discount notes	27,228	25,506
Discount notes par value	$ 27,235	$ 25,507
Discount notes weighted average interest rate	0.24%	0.04%

Capital and Mandatorily Redee_3

Capital and Mandatorily Redeemable Capital Stock (Regulatory Capital Rules and Requirements) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Banking Regulation, Total Capital [Abstract]
Risk-based capital, Required		$ 612	$ 814
Risk-based capital, Actual		$ 4,898	$ 4,612
Total regulatory capital ratio, Required		4.00%	4.00%
Total regulatory capital ratio, Actual		5.80%	5.86%
Total regulatory capital, Required	[1]	$ 3,378	$ 3,150
Total regulatory capital, Actual	[1]	$ 4,898	$ 4,612
Leverage capital ratio, Required		5.00%	5.00%
Leverage capital ratio, Actual		8.70%	8.79%
Leverage capital, Required		$ 4,223	$ 3,937
Leverage capital, Actual		$ 7,347	$ 6,918

[1]	Total regulatory capital does not include accumulated other comprehensive loss, but does include mandatorily redeemable capital stock.

Capital and Mandatorily Redee_4

Capital and Mandatorily Redeemable Capital Stock Schedule of Declared and Paid Quarterly Dividends (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends, Common Stock, Cash	$ 22	$ 30
Common Stock Dividend-Annualized Rate	3.70%	3.72%

Capital and Mandatorily Redee_5

Capital and Mandatorily Redeemable Capital Stock (Mandatorily Redeemable Capital Stock by Year of Redemption) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Banking Regulation, Total Capital [Abstract]
Mandatorily redeemable capital stock	$ 0	$ 1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning of period		$ (16)
Amortization of pension and posttretirement		0	$ 3
Total other comprehensive income (loss)		(23)	3
Accumulated Other Comprehensive Income (Loss), End of period		(39)
Net Unrealized Gains (Losses) on Available-for-sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning of period		(9)	0
Net unrealized losses on available-for-sale securities		(23)
Amortization of pension and posttretirement			0
Total other comprehensive income (loss)		(23)	0
Accumulated Other Comprehensive Income (Loss), End of period		(32)	0
Pension and Postretirement Benefits [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning of period		(7)	(16)
Net unrealized losses on available-for-sale securities		0
Amortization of pension and posttretirement	[1]		3
Total other comprehensive income (loss)		0	3
Accumulated Other Comprehensive Income (Loss), End of period		(7)	(13)
Total Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Beginning of period		(16)	(16)
Net unrealized losses on available-for-sale securities		(23)
Amortization of pension and posttretirement	[1]		3
Total other comprehensive income (loss)		(23)	3
Accumulated Other Comprehensive Income (Loss), End of period		$ (39)	$ (13)

[1]	Included in Noninterest expense - Other on the Statements of Income

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Fair Value of Derivative Instruments) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative, Notional Amount		$ 53,821	$ 50,404
Variation Margin for Daily Settled Contracts, Net		(284)	300
Cash collateral posted		1,597	759
Derivative Assets		13	4
Derivative Liabilities		1,332	455
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	[1],[2]	276	327
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	[1],[2]	(1,322)	(433)
Derivative assets		289	331
Derivative liabilities (1)		10	22
Designated as Hedging Instrument [Member] \| Interest-rate swaps [Member]
Derivative [Line Items]
Derivative, Notional Amount	[3]	49,758	46,340
Derivative Assets	[3]	8	2
Derivative Liabilities	[3]	1,330	453
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount		4,063	4,064
Derivative Assets		5	2
Derivative Liabilities		2	2
Not Designated as Hedging Instrument [Member] \| Interest-rate swaps [Member]
Derivative [Line Items]
Derivative, Notional Amount	[3]	63	64
Derivative Assets	[3]	2	1
Derivative Liabilities	[3]	0	1
Not Designated as Hedging Instrument [Member] \| Interest rate caps or floors [Member]
Derivative [Line Items]
Derivative, Notional Amount		4,000	4,000
Derivative Assets		3	1
Derivative Liabilities		$ 2	$ 1

[1]	Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty
[2]	Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. Cash collateral posted, including accrued interest was $1,597 and $759 as of March 31, 2022 and December 31, 2021, respectively. The Bank did not receive any cash collateral, including accrued interest, as of March 31, 2022 and December 31, 2021.
[3]	Includes variation margin for daily settled contracts of negative $284 as of March 31, 2022 and $300 as of December 31, 2021.

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Net Gains (Losses) on Fair Value Hedging Relationships) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Interest Income, Advances		$ 63	$ 87
Interest Expense, Other Long-term Debt		(22)	(45)
Interest Expense, Consolidated Obligation Discount notes		(7)	(5)
Interest Income [Member] \| Advances [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Hedged Items		(673)	(621)
Derivatives		725	691
Net changes in fair value		52	70
Net interest settlements on derivatives	[1],[2]	(59)	(94)
Amortization Accretion of Active Hedging Relationships		(42)	(45)
Other		(11)	(3)
Total net interest (expense) income effect from fair value hedging relationships		(60)	(72)
Interest Expense [Member] \| Bonds
Derivative Instruments, Gain (Loss) [Line Items]
Hedged Items		1,029	89
Derivatives		(1,018)	(88)
Net changes in fair value		11	1
Net interest settlements on derivatives	[1],[2]	53	10
Amortization Accretion of Active Hedging Relationships		0	0
Other		0	0
Total net interest (expense) income effect from fair value hedging relationships		$ 64	$ 11

[1]	Excludes the interest income/expense of the respective hedged items
[2]	Represents interest income/expense on derivatives in qualifying fair-value hedging relationships. Net interest settlements on derivatives that are not in qualifying fair-value hedging relationships are reported in other income.

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities (Total Basis Adjustments for Fair Value Hedges) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Advances [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized Cost of Hedged Asset	[1]	$ 18,583	$ 21,293
Basis Adjustments for Active Hedging Relationships Included in Amortized Cost		(221)	492
Basis Adjustments for Discontinued Hedging Relationships included in Amortized Cost		56	69
Total Amount of Fair Value Hedging Basis Adjustments		(165)	561
Bonds
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized Cost of Hedged Liability	[1]	30,313	25,256
Basis Adjustments for Active Hedging Relationships included in Amortized Cost)		(1,281)	(252)
Basis Adjustments for Discontinued Hedging Relationships included in Amortized Cost		0	(1)
Total Amount of Fair Value Hedging Basis Adjustments		$ (1,281)	$ (253)

[1]	Includes only the portion of amortized cost representing the hedged items in fair value hedging relationships.

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities (Net Gains (Losses) on Derivatives and Hedging Activities Recorded in Non-interest Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest-rate swaps	$ 1	$ 1
Gain (Loss) on Derivative Instruments, Net, Pretax	1	1
Gain (Loss) on Derivative Instruments [Member] \| Not Designated as Hedging Instrument, Economic Hedge [Member] \| Interest-rate swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest-rate swaps	0	1
Gain (Loss) on Derivative Instruments [Member] \| Not Designated as Hedging Instrument, Economic Hedge [Member] \| Interest rate caps or floors [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest-rate swaps	$ 1	$ 0

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities (Offsetting of Derivative Assets and Derivative Liabilities) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Asset		$ 13	$ 4
Derivative Liability		1,332	455
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	[1],[2]	276	327
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	[1],[2]	(1,322)	(433)
Derivative assets		289	331
Derivative liabilities (1)		10	22
Derivative, Collateral, Obligation to Return Securities	[3]	0	0
Derivative, Collateral, Right to Reclaim Securities	[3]	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	[3]	289	331
Derivative Liability, Fair Value, Amount Offset Against Collateral	[3]	10	22
Credit Risk Contract [Member]
Derivatives, Fair Value [Line Items]
Credit Derivative Exposure Net		40	0
Uncleared derivatives [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset		11	4
Derivative Liability		1,303	451
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		29	(3)
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		(1,293)	(429)
Derivative assets		40	1
Derivative liabilities (1)		10	22
Derivative, Collateral, Obligation to Return Securities	[3]	0	0
Derivative, Collateral, Right to Reclaim Securities	[3]	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	[3]	40	1
Derivative Liability, Fair Value, Amount Offset Against Collateral	[3]	10	22
Cleared derivatives [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset		2	0
Derivative Liability		29	4
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		247	330
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		(29)	(4)
Derivative assets		249	330
Derivative liabilities (1)		0	0
Derivative, Collateral, Obligation to Return Securities	[3]	0	0
Derivative, Collateral, Right to Reclaim Securities	[3]	0	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	[3]	249	330
Derivative Liability, Fair Value, Amount Offset Against Collateral	[3]	$ 0	$ 0

[1]	Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty
[2]	Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. Cash collateral posted, including accrued interest was $1,597 and $759 as of March 31, 2022 and December 31, 2021, respectively. The Bank did not receive any cash collateral, including accrued interest, as of March 31, 2022 and December 31, 2021.
[3]	The Bank had net credit exposure of $40 and $0 as of March 31, 2022 and December 31, 2021, respectively, due to instances where the Bank’s pledged collateral to a counterparty exceeded the Bank’s net derivative liability position.

Derivatives and Hedging Activ_8

Derivatives and Hedging Activities (Narrative) (Details) $ in Millions	Mar. 31, 2022USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
The aggregate fair value of all uncleared derivative instruments with credit-risk-related contingent features that were in a net liability position (before cash collateral and related accrued interest)	$ 3

Estimated Fair Values (Fair Val

Estimated Fair Values (Fair Value Summary) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Assets:
Cash and Due from Banks		$ 938	$ 879
Available-for-sale Securities		2,616	2,639
Held-to-maturity securities		15,614	15,074
Held-to-maturity securities, fair value		15,492	15,099
Interest Receivable		56	57
Derivative assets		289	331
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	[1],[2]	276	327
Liabilities:
Interest Payable		80	72
Derivative liabilities (1)		10	22
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	[1],[2]	(1,322)	(433)
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash and Due from Banks		938	879
Interest-bearing Deposits, Fair Value Disclosure		0	0
Securities purchased under agreements to resell		0	0
Federal funds sold		0	0
Available-for-sale Securities	[3]	0	0
Held-to-maturity securities, fair value		0	0
Advances			0
Mortgage loans held for portfolio, net		0	0
Interest Receivable		0	0
Derivative assets	[3]	0	0
Grantor trust assets (included in Other assets) (1)	[3]	29	35
Liabilities:
Interest-bearing deposits		0	0
Mandatorily redeemable capital stock			1
Interest Payable		0	0
Derivative liabilities (1)		0	0	[3]
Fair Value, Inputs, Level 2 [Member]
Assets:
Cash and Due from Banks		0	0
Interest-bearing Deposits, Fair Value Disclosure		689	688
Securities purchased under agreements to resell		3,750	7,000
Federal funds sold		8,736	6,420
Available-for-sale Securities	[3]	2,616	2,639
Held-to-maturity securities, fair value		15,492	15,099
Advances		51,553	45,635
Mortgage loans held for portfolio, net		144	161
Accrued Interest Receivable, Fair Value Disclosure		56	57
Derivative assets	[3]	13	4
Grantor trust assets (included in Other assets) (1)	[3]	0	0
Liabilities:
Interest-bearing deposits		2,158	2,054
Mandatorily redeemable capital stock			0
Interest Payable		80	72
Derivative liabilities (1)		1,332	455	[3]
Carrying Value [Member]
Assets:
Cash and Due from Banks		938	879
Interest-bearing Deposits, Fair Value Disclosure		689	688
Securities purchased under agreements to resell		3,750	7,000
Federal funds sold		8,736	6,420
Available-for-sale Securities	[3]	2,616	2,639
Held-to-maturity securities		15,614	15,074
Advances		51,538	45,415
Mortgage loans held for portfolio, net		139	149
Interest Receivable		56	57
Derivative assets	[3]	289	331
Grantor trust assets (included in Other assets) (1)	[3]	29	35
Liabilities:
Interest-bearing deposits		2,158	2,054
Mandatorily redeemable capital stock			1
Interest Payable		80	72
Derivative liabilities (1)		10	22	[3]
Estimate of Fair Value Measurement [Member]
Assets:
Cash and Due from Banks		938	879
Interest-bearing Deposits, Fair Value Disclosure		689	688
Securities purchased under agreements to resell		3,750	7,000
Federal funds sold		8,736	6,420
Available-for-sale Securities	[3]	2,616	2,639
Held-to-maturity securities, fair value		15,492	15,099
Advances		51,553	45,635
Mortgage loans held for portfolio, net		144	161
Accrued Interest Receivable, Fair Value Disclosure		56	57
Derivative assets	[3]	289	331
Grantor trust assets (included in Other assets) (1)	[3]	29	35
Liabilities:
Interest-bearing deposits		2,158	2,054
Mandatorily redeemable capital stock			1
Accrued Interest Payable, Fair Value Disclosure		80	72
Derivative liabilities (1)		10	22	[3]
Discount Notes \| Fair Value, Inputs, Level 1 [Member]
Liabilities:
Discount notes		0	0
Discount Notes \| Fair Value, Inputs, Level 2 [Member]
Liabilities:
Discount notes		27,226	25,506
Discount Notes \| Carrying Value [Member]
Liabilities:
Discount notes		27,228	25,506
Discount Notes \| Estimate of Fair Value Measurement [Member]
Liabilities:
Discount notes		27,226	25,506
Consolidated Obligation Bonds [Member] \| Fair Value, Inputs, Level 1 [Member]
Liabilities:
Bonds		0	0
Consolidated Obligation Bonds [Member] \| Fair Value, Inputs, Level 2 [Member]
Liabilities:
Bonds		49,253	46,338
Consolidated Obligation Bonds [Member] \| Carrying Value [Member]
Liabilities:
Bonds		49,407	46,186
Consolidated Obligation Bonds [Member] \| Estimate of Fair Value Measurement [Member]
Liabilities:
Bonds		49,253	46,338
Fair Value, Recurring [Member]
Assets:
Securities purchased under agreements to resell		0	0
Available-for-sale Securities		0	0
Held-to-maturity securities, fair value		$ 0	0
Liabilities:
Mandatorily redeemable capital stock			$ 0

[1]	Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty
[2]	Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. Cash collateral posted, including accrued interest was $1,597 and $759 as of March 31, 2022 and December 31, 2021, respectively. The Bank did not receive any cash collateral, including accrued interest, as of March 31, 2022 and December 31, 2021.
[3]	Financial instruments measured at fair value on a recurring basis.

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Millions		Mar. 31, 2022USD ($)letter_of_credit	Dec. 31, 2021USD ($)letter_of_credit
Standby Letters of Credit [Member]
Loss Contingencies [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring Within One Year	[1]	$ 3,078	$ 3,757
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring After One Year		3,688	3,914
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability		$ 6,766	$ 7,671
Number Of Outstanding Standby Letters Of Credit Renewable Annually \| letter_of_credit		18	19
Standby Letters Of Credit Issued Renewable Annually		$ 16	$ 15
Commitments to Fund Additional Advances [Member]
Loss Contingencies [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring Within One Year		39	96
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring After One Year		30	38
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability		69	134
Unsettled Consolidated Obligation Bonds [Member]
Loss Contingencies [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring Within One Year	[2]	1,151	80
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring After One Year	[2]	0	0
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability		1,151	80
Unsettled Discount Notes [Member]
Loss Contingencies [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring Within One Year	[2]	2,000	0
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Expiring After One Year	[2]	0	0
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability		$ 2,000	$ 0

[1]	“Expire Within One Year” includes 18 standby letters of credit for a total of $16 and 19 standby letters of credit for a total of $15 as of March 31, 2022 and December 31, 2021, respectively, which have no stated maturity date and are subject to renewal on an annual basis.
[2]	Expiration is based on settlement period rather than underlying contractual maturity of consolidated obligations.

Commitments and Contingencies_3

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
The FHLBank's outstanding consolidated obligations for which the Bank is jointly and severally liable	$ 621,599	$ 580,909
Other liabilities	648	249
Standby Letters of Credit [Member]
Loss Contingencies [Line Items]
Other liabilities	$ 15	$ 16

Transactions With Shareholder_2

Transactions With Shareholders (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Minimum
Definition of related party, minimum percent		10.00%
Definition of shareholder concentration, percentage		10.00%
Regulatory Capital Stock Outstanding	[1]	$ 4,898	$ 4,612
Federal Home Loan Bank, Advances, Par Value		51,767	44,927
TIAA, FSB
Minimum
Regulatory Capital Stock Outstanding			$ 277
Percent of Total Regulatory Capital Stock Outstanding			11.61%
Federal Home Loan Bank, Advances, Par Value			$ 6,946
Percent of Total Par Value Advances			15.46%
Percent of Total Interest-bearing Deposits			0.05%
Interest-bearing Deposits			$ 1
Bank of America [Member]
Minimum
Regulatory Capital Stock Outstanding		$ 297	$ 298
Percent of Total Regulatory Capital Stock Outstanding		11.20%	12.49%
Federal Home Loan Bank, Advances, Par Value		$ 7,506	$ 7,506
Percent of Total Par Value Advances		14.50%	16.71%
Percent of Total Interest-bearing Deposits		0.00%	0.02%
Interest-bearing Deposits		$ 0	$ 0

[1]	Total regulatory capital does not include accumulated other comprehensive loss, but does include mandatorily redeemable capital stock.

Subsequent (Details)

Subsequent (Details)	May 03, 2022USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments of Dividends	$ 22