Federal Home Loan Bank of Indianapolis 10-Q 10 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-51404
Entity Registrant Name	FEDERAL HOME LOAN BANK OF INDIANAPOLIS
Entity Tax Identification Number	35-6001443
Entity Address, Address Line One	8250 Woodfield Crossing Blvd.
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46240
City Area Code	317
Local Phone Number	465-0200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Central Index Key	0001331754
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	X1
Class A
Document Information [Line Items]
Entity Common Stock, Outstanding (in shares)		0
Class B
Document Information [Line Items]
Entity Common Stock, Outstanding (in shares)		23,320,275

Statements of Condition (Unaudi

Statements of Condition (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and due from banks		$ 59,596	$ 867,880
Interest-bearing deposits (Note 3)		325,041	100,041
Securities purchased under agreements to resell (Note 3)		4,500,000	3,500,000
Federal funds sold (Note 3)		2,496,000	2,580,000
Trading securities (Note 3)		4,039,407	3,946,799
Available-for-sale securities (Note 3) (amortized cost of $10,164,321 and $9,007,993)		10,196,572	9,159,935
Held-to-maturity securities (Note 3) (estimated fair values of $3,821,942 and $4,322,157)	[1]	3,877,299	4,313,773
Advances (Note 4)	[2]	30,507,462	27,497,835
Mortgage loans held for portfolio, net (Note 5)		7,729,642	7,616,134	[3]
Accrued interest receivable		96,937	80,758
Derivative assets, net (Note 6)		325,848	220,202
Other assets		112,459	121,246
Total assets		64,266,263	60,004,603
Liabilities:
Deposits		907,525	1,366,397
Consolidated obligations (Note 7):
Discount notes		19,587,260	12,116,358
Bonds		39,462,365	42,361,572
Total consolidated obligations, net		59,049,625	54,477,930
Accrued interest payable		124,999	88,068
Affordable Housing Program payable (Note 8)		28,953	31,049
Derivative liabilities, net (Note 6)		13,569	12,185
Mandatorily redeemable capital stock (Note 9)		45,583	50,422
Other liabilities		619,298	422,221
Total liabilities		60,789,552	56,448,272
Commitments and contingencies (Note 13)
Capital stock (putable at par value of $100 per share):
Class B issued and outstanding shares: 22,508,342 and 22,462,009		2,250,835	2,246,201
Retained earnings:
Unrestricted		912,329	889,869
Restricted		299,391	287,203
Total retained earnings		1,211,720	1,177,072
Total accumulated other comprehensive income (Note 10)		14,156	133,058
Total capital		3,476,711	3,556,331
Total liabilities and capital		$ 64,266,263	$ 60,004,603
[1] Carrying value equals amortized cost, which includes adjustments made to the cost basis for purchase discount or premium and related accretion or amortization. Net unamortized premium at June 30, 2022 and December 31, 2021 to tale d $29,144 and $28,440, respectively.

Statements of Condition (Unau_2

Statements of Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Amortized cost	$ 10,164,321	$ 9,007,993
Estimated fair value	$ 3,821,942	$ 4,322,157
Common stock putable, par value per share (usd per share)	$ 100	$ 100
Common stock issued (in shares)	22,508,342	22,462,009
Common stock outstanding (in shares)	22,508,342	22,462,009

Statements of Income (Unaudited

Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest Income:
Advances	$ 67,562	$ 28,175	$ 102,603	$ 64,284
Interest-bearing deposits	2,623	121	2,913	277
Securities purchased under agreements to resell	6,066	215	6,971	652
Federal funds sold	7,682	651	8,524	1,454
Trading securities	8,347	14,421	13,792	30,591
Available-for-sale securities	38,563	21,184	61,008	51,020
Held-to-maturity securities	9,033	7,809	16,544	17,673
Mortgage loans held for portfolio	51,467	40,119	99,268	80,401
Other interest income	22	0	22	0
Total interest income	191,365	112,695	311,645	246,352
Interest Expense:
Consolidated obligation discount notes	26,535	1,733	30,188	5,932
Consolidated obligation bonds	99,192	52,674	150,891	106,470
Deposits	1,547	43	1,646	80
Mandatorily redeemable capital stock	269	929	514	2,033
Total interest expense	127,543	55,379	183,239	114,515
Net interest income	63,822	57,316	128,406	131,837
Provision for (reversal of) credit losses	(38)	(44)	(60)	44
Net interest income after provision for credit losses	63,860	57,360	128,466	131,793
Other Income:
Net gains (losses) on trading securities	(14,220)	(13,731)	(38,415)	(27,359)
Net gains (losses) on derivatives	17,203	186	37,197	(652)
Other, net	(4,681)	3,775	(7,882)	5,265
Total other income (loss)	(1,698)	(9,770)	(9,100)	(22,746)
Other Expenses:
Compensation and benefits	13,411	14,092	26,367	29,850
Other operating expenses	7,756	7,417	14,850	14,688
Federal Housing Finance Agency	1,801	1,474	3,717	2,947
Office of Finance	1,081	1,228	2,498	3,225
Other	2,154	4,226	4,165	5,857
Total other expenses	26,203	28,437	51,597	56,567
Income before assessments	35,959	19,153	67,769	52,480
Affordable Housing Program assessments	3,623	2,008	6,828	5,451
Net income (loss)	$ 32,336	$ 17,145	$ 60,941	$ 47,029

Statements of Comprehensive Inc

Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 32,336	$ 17,145	$ 60,941	$ 47,029
Other Comprehensive Income:
Net change in unrealized gains (losses) on available-for-sale securities	(45,228)	4,502	(119,691)	78,031
Pension benefits, net	329	8,995	789	9,991
Total other comprehensive income (loss)	(44,899)	13,497	(118,902)	88,022
Total comprehensive income (loss)	$ (12,563)	$ 30,642	$ (57,961)	$ 135,051

Statements of Capital (Unaudite

Statements of Capital (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 3,373,270	$ 3,547,376	$ 3,556,331	$ 3,450,302
Total comprehensive income (loss)	(12,563)	30,642	(57,961)	135,051
Proceeds from issuance of capital stock	129,294	20,005	166,519	26,627
Redemption/repurchase of capital stock			(161,885)
Shares reclassified to mandatorily redeemable capital stock, net	0	(281)	0	(281)
Cash dividends on capital stock	(13,290)	(13,989)	(26,293)	(27,946)
Ending Balance	$ 3,476,711	$ 3,583,753	$ 3,476,711	$ 3,583,753
Capital Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	21,215	22,142	22,462	22,076
Beginning Balance	$ 2,121,541	$ 2,214,192	$ 2,246,201	$ 2,207,570
Proceeds from issuance of capital stock (in shares)	1,293	200	1,665	266
Proceeds from issuance of capital stock	$ 129,294	$ 20,005	$ 166,519	$ 26,627
Redemption/repurchase of capital stock (in shares)			(1,619)
Redemption/repurchase of capital stock			$ (161,885)
Shares reclassified to mandatorily redeemable capital stock, net (in shares)		(3)		(3)
Shares reclassified to mandatorily redeemable capital stock, net		$ (281)		$ (281)
Ending Balance (in shares)	22,508	22,339	22,508	22,339
Ending Balance	$ 2,250,835	$ 2,233,916	$ 2,250,835	$ 2,233,916
Retained Earnings Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	1,192,674	1,153,257	1,177,072	1,137,330
Total comprehensive income (loss)	32,336	17,145	60,941	47,029
Cash dividends on capital stock	(13,290)	(13,989)	(26,293)	(27,946)
Ending Balance	1,211,720	1,156,413	1,211,720	1,156,413
Retained Earnings, Unrestricted
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	899,750	878,854	889,869	868,904
Total comprehensive income (loss)	25,869	13,716	48,753	37,623
Cash dividends on capital stock	(13,290)	(13,989)	(26,293)	(27,946)
Ending Balance	912,329	878,581	912,329	878,581
Retained Earnings, Restricted
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	292,924	274,403	287,203	268,426
Total comprehensive income (loss)	6,467	3,429	12,188	9,406
Ending Balance	299,391	277,832	299,391	277,832
Accumulated Other Comprehensive Income
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	59,055	179,927	133,058	105,402
Total comprehensive income (loss)	(44,899)	13,497	(118,902)	88,022
Ending Balance	$ 14,156	$ 193,424	$ 14,156	$ 193,424

Statements of Capital (Unaudi_2

Statements of Capital (Unaudited) (Parenthetical)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Annualized dividend rate on capital stock	2.47%	2.57%	2.39%	2.53%

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
Operating Activities:
Net income		$ 60,941	$ 47,029
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization and depreciation		50,152	42,309
Changes in net derivative and hedging activities		751,617	28,776
Provision for (reversal of) credit losses		(60)	44
Net losses on trading securities		38,415	27,359
Changes in:
Accrued interest receivable		(17,495)	11,601
Other assets		5,955	(12,783)
Accrued interest payable		37,075	8,349
Other liabilities		8,559	1,182
Total adjustments, net		874,218	106,837
Net cash provided by operating activities		935,159	153,866
Net change in:
Interest-bearing deposits		(1,219,223)	452,160
Securities purchased under agreements to resell		(1,000,000)	(500,000)
Federal funds sold		84,000	(1,590,000)
Trading securities:
Proceeds from maturities		1,600,000	850,000
Proceeds from sales		200,000	50,006
Purchases		(1,930,219)	(1,649,933)
Available-for-sale securities:
Proceeds from maturities and paydowns		503,910	643,500
Purchases		(2,362,677)	(60,290)
Held-to-maturity securities:
Proceeds from maturities and paydowns		630,398	538,805
Purchases		(51,312)	(584,749)
Advances:
Principal repayments		71,353,438	139,543,669
Disbursements to members		(74,888,350)	(136,081,315)
Mortgage loans held for portfolio:
Principal collections		600,449	1,776,690
Purchases from members		(771,838)	(1,145,532)
Purchases of premises, software, and equipment		(1,989)	(2,520)
Loans to other Federal Home Loan Banks:
Principal repayments		520,000	20,000
Disbursements		(520,000)	(20,000)
Net cash provided by (used in) investing activities		(7,253,413)	2,240,491
Financing Activities:
Net change in deposits		(320,726)	222,576
Net proceeds (payments) on derivative contracts with financing elements		(1,118)	(7,551)
Net proceeds from issuance of consolidated obligations:
Discount notes		369,385,849	85,205,681
Bonds		10,677,690	22,129,860
Payments for matured and retired consolidated obligations:
Discount notes		(361,928,027)	(87,373,330)
Bonds		(12,277,200)	(23,000,650)
Proceeds from issuance of capital stock		166,519	26,627
Payments for redemption/repurchase of capital stock		(161,885)	0
Payments for redemption/repurchase of mandatorily redeemable capital stock		(4,839)	(18,156)
Dividend payments on capital stock		(26,293)	(27,946)
Net cash provided by (used in) financing activities		5,509,970	(2,842,889)
Net increase (decrease) in cash and due from banks		(808,284)	(448,532)
Cash and due from banks at beginning of period		867,880	1,811,544
Cash and due from banks at end of period		59,596	1,363,012
Supplemental Disclosures:
Interest payments		99,903	139,245
Affordable Housing Program payments	[1]	8,924	9,088
Purchases of investment securities, traded but not yet settled		220,413	0
Capitalized interest on certain held-to-maturity securities		855	313
Par value of shares reclassified to mandatorily redeemable capital stock, net		$ 0	$ 281
[1]Subsidies disbursed are reported net of returns/recaptures of previously disbursed subsidies.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Unless the context otherwise requires, the terms "Bank", "we," "us," and "our" refer to the Federal Home Loan Bank of Indianapolis or its management. We use acronyms and terms throughout these Notes to Financial Statements that are defined in the Defined Terms . Basis of Presentation. The accompanying interim financial statements have been prepared in accordance with GAAP and SEC requirements for interim financial information. Accordingly, they do not include all of the information and disclosures required by GAAP for complete financial statements. Certain disclosures that would have substantially duplicated the disclosures in the financial statements, and notes thereto, included in our 2021 Form 10-K have been omitted unless the information contained in those disclosures materially changed. Therefore, these interim financial statements should be read in conjunction with our audited financial statements, and notes thereto, included in our 2021 Form 10-K. The financial statements contain all adjustments that are, in the opinion of management, necessary for a fair statement of the Bank's financial position, results of operations and cash flows for the interim periods presented. All such adjustments were of a normal recurring nature. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full calendar year or any other interim period. Use of Estimates . When preparing financial statements in accordance with GAAP, we are required to make subjective assumptions and estimates that may affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of income and expense. Although the reported amounts and disclosures reflect our best estimates, actual results could differ significantly from these estimates. The most significant estimates pertain to the fair values of financial instruments. Reclassifications. We have reclassified certain amounts reported in prior periods to conform to the current period presentation. These reclassifications had no effect on total assets, total liabilities, total capital, net income, total comprehensive income or net cash flows. Significant Accounting Policies. Our significant accounting policies and certain other disclosures are set forth in our 2021 Form 10-K in Note 1 - Summary of Significant Accounting Policies . There have been no significant changes to these policies through June 30, 2022.

Recently Adopted and Issued Acc

Recently Adopted and Issued Accounting Guidance	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Adopted and Issued Accounting Guidance	Note 2 - Recently Adopted and Issued Accounting Guidance Recently Issued Accounting Guidance. Fair-Value Hedging - Portfolio Layer Method (ASU 2022-01). On March 28, 2022, the FASB issued guidance expanding the existing last-of-layer fair-value hedging method by allowing entities to hedge multiple layers of a single closed portfolio of prepayable financial assets rather than a single (or last) layer only. To reflect the change, the last-of-layer method was renamed the portfolio layer method. The guidance is effective for the interim and annual periods beginning on January 1, 2023, although early adoption is permitted. We are in process of evaluating the potentially favorable impact of this guidance on our future financial condition, results of operations, and cash flows. Troubled Debt Restructurings and Vintage Disclosures (ASU 2022-02). On March 31, 2022, the FASB issued guidance eliminating the accounting guidance for TDRs by creditors that have adopted the current expected credit losses methodology while enhancing disclosure requirements for certain loan refinancings and restructurings made to borrowers experiencing financial difficulty. Additionally, the guidance requires disclosure of current-period gross write-offs by year of origination. The guidance is effective for the interim and annual periods beginning on January 1, 2023, although early adoption is permitted. The transition method related to the recognition and measurement of TDRs can be applied using a modified retrospective transition method, while all other amendments are to be applied prospectively. We are in process of evaluating this guidance and its potential effect on our financial statement disclosures.

Investments

Investments	6 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	Note 3 - Investments Short-term Investments. We invest in interest-bearing deposits, securities purchased under agreements to resell, and federal funds sold to provide short-term liquidity. These investments are generally transa cted with counterparties that maintain a credit rating of triple-B or higher (investment grade) by an NRSRO. At June 30, 2022 and December 31, 2021, all of these investments were with counterparties rated single-A or above, based on the lowest long-term credit rating for each counterparty. The NRSRO ratings may differ from our internal ratings of the investments, if applicable. Allowance for Credit Losses. At June 30, 2022 and December 31, 2021, based on our evaluation, we did not record an allowance for credit losses on any of our short-term investments. Investment Securities. Trading Securities. Major Security Types. The following table presents our trading securities by type of security. Security Type June 30, 2022 December 31, 2021 U.S. Treasury obligations $ 4,039,407 $ 3,946,799 Total trading securities at estimated fair value $ 4,039,407 $ 3,946,799 Net Gains (Losses) on Trading Securities. The following table presents net gains (losses) on trading securities, excluding any offsetting effect of gains (losses) on the associated derivatives. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net gains (losses) on trading securities held at period end $ (13,740) $ (12,637) $ (34,831) $ (23,275) Net gains (losses) on trading securities that matured/sold during the period (480) (1,094) (3,584) (4,084) Net gains (losses) on trading securities $ (14,220) $ (13,731) $ (38,415) $ (27,359) Available-for-Sale Securities. Major Security Types. The following table presents our AFS securities by type of security. Gross Gross Amortized Unrealized Unrealized Estimated June 30, 2022 Cost (1) Gains Losses Fair Value U.S. Treasury obligations $ 2,110,103 $ — $ (4,225) $ 2,105,878 GSE and TVA debentures 2,061,550 24,514 (1) 2,086,063 GSE multifamily MBS 5,992,668 35,467 (23,504) 6,004,631 Total AFS securities $ 10,164,321 $ 59,981 $ (27,730) $ 10,196,572 December 31, 2021 GSE and TVA debentures $ 2,651,571 $ 45,557 $ (12) $ 2,697,116 GSE multifamily MBS 6,356,422 109,956 (3,559) 6,462,819 Total AFS securities $ 9,007,993 $ 155,513 $ (3,571) $ 9,159,935 (1) Includes adjustments made to the cost basis for purchase discount or premium and related accretion or amortization, and, if applicable, fair-value hedging basis adjustments. Includes at June 30, 2022 and December 31, 2021 unamortized discounts totaling $150,580 and unamortized premiums totaling $14,344, respectively. The applicable fair value hedging basis adjustments at June 30, 2022 and December 31, 2021 totaled losses of $576,995 and gains of $206,199, respectively. Excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $35,316 and $32,127, respectively. Unrealized Loss Positions. The following table presents impaired AFS securities (i.e., in an unrealized loss position), aggregated by major security type and length of time that individual securities have been in a continuous unrealized loss position. Less than 12 months 12 months or More Total Estimated Unrealized Estimated Unrealized Estimated Unrealized June 30, 2022 Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury obligations $ 2,105,878 $ (4,225) $ — $ — $ 2,105,878 $ (4,225) GSE and TVA debentures 15,000 (1) — — 15,000 (1) GSE multifamily MBS 2,496,226 (21,280) 105,536 (2,224) 2,601,762 (23,504) Total impaired AFS securities $ 4,617,104 $ (25,506) $ 105,536 $ (2,224) $ 4,722,640 $ (27,730) December 31, 2021 GSE and TVA debentures $ 250,145 $ (12) $ — $ — $ 250,145 $ (12) GSE multifamily MBS 384,015 (3,559) — — 384,015 (3,559) Total impaired AFS securities $ 634,160 $ (3,571) $ — $ — $ 634,160 $ (3,571) Contractual Maturity. The amortized cost and estimated fair value of non-MBS AFS securities are presented below by contractual maturity. MBS are not presented by contractual maturity because their actual maturities will likely differ from their contractual maturities as borrowers have the right to prepay their obligations with or without prepayment fees. June 30, 2022 December 31, 2021 Amortized Estimated Amortized Estimated Year of Contractual Maturity Cost Fair Value Cost Fair Value Due in 1 year or less $ 250,957 $ 251,579 $ 581,801 $ 582,240 Due after 1 through 5 years 1,566,089 1,586,412 1,494,109 1,523,600 Due after 5 through 10 years 2,354,607 2,353,950 575,661 591,276 Total non-MBS 4,171,653 4,191,941 2,651,571 2,697,116 Total MBS 5,992,668 6,004,631 6,356,422 6,462,819 Total AFS securities $ 10,164,321 $ 10,196,572 $ 9,007,993 $ 9,159,935 Held-to-Maturity Securities. Major Security Types. The following table presents our HTM securities by type of security. Gross Gross Unrecognized Unrecognized Amortized Holding Holding Estimated June 30, 2022 Cost (1) Gains Losses Fair Value MBS: Other U.S. obligations - guaranteed single-family $ 2,521,513 $ 152 $ (35,792) $ 2,485,873 GSE single-family 722,385 1,697 (20,401) 703,681 GSE multifamily 633,401 5 (1,018) 632,388 Total HTM securities $ 3,877,299 $ 1,854 $ (57,211) $ 3,821,942 December 31, 2021 MBS: Other U.S. obligations - guaranteed single-family $ 2,626,143 $ 7,384 $ (9,238) $ 2,624,289 GSE single-family 815,924 14,424 (4,773) 825,575 GSE multifamily 871,706 779 (192) 872,293 Total HTM securities $ 4,313,773 $ 22,587 $ (14,203) $ 4,322,157 (1) Carrying value equals amortized cost, which includes adjustments made to the cost basis for purchase discount or premium and related accretion or amortization. Net unamortized premium at June 30, 2022 and December 31, 2021 to tale d $29,144 and $28,440, respectively. Allowance for Credit Losses. At June 30, 2022 and December 31, 2021 , 100% of our HTM securities were rated single-A, or above, by an NRSRO, based on the lowest long-term credit rating for each security. These may differ from our internal ratings of the securities, if applicable. At June 30, 2022 and December 31, 2021, based on our evaluation, we did not record an allowance for credit losses on any of our HTM securities.

Advances

Advances	6 Months Ended
	Jun. 30, 2022
Advances [Abstract]
Advances	Note 4 - Advances The following table presents advances outstanding by redemption term. June 30, 2022 December 31, 2021 Redemption Term Amount WAIR % Amount WAIR % Overdrawn demand and overnight deposit accounts $ 98,456 3.90 $ — — Due in 1 year or less 13,371,345 1.44 7,863,703 0.59 Due after 1 through 2 years 3,736,129 2.21 2,684,996 2.02 Due after 2 through 3 years 2,384,761 1.70 3,536,759 1.35 Due after 3 through 4 years 2,563,139 1.82 2,931,260 1.29 Due after 4 through 5 years 1,822,975 1.79 1,908,432 1.34 Thereafter 6,867,716 1.52 8,384,458 0.82 Total advances, par value 30,844,521 1.63 27,309,608 1.03 Fair-value hedging basis adjustments, net (344,955) 179,115 Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees 7,896 9,112 Total advances (1) $ 30,507,462 $ 27,497,835 (1) Carrying value equals amortized cost, which excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $18,542 and $13,075, respectively. The following table presents advances outstanding by the earlier of the redemption date or the next call date and next put date. Earlier of Redemption Earlier of Redemption June 30, December 31, June 30, December 31, Overdrawn demand and overnight deposit accounts $ 98,456 $ — $ 98,456 $ — Due in 1 year or less 18,134,158 12,547,866 16,934,750 13,452,703 Due after 1 through 2 years 2,494,629 2,578,396 4,138,129 3,090,101 Due after 2 through 3 years 2,011,211 2,127,759 2,770,661 3,636,259 Due after 3 through 4 years 1,579,789 1,997,060 2,563,139 3,007,160 Due after 4 through 5 years 1,460,800 1,530,307 1,509,875 1,485,332 Thereafter 5,065,478 6,528,220 2,829,511 2,638,053 Total advances, par value $ 30,844,521 $ 27,309,608 $ 30,844,521 $ 27,309,608 Advance Concentrations. At June 30, 2022 and December 31, 2021, our top five borrowers held 47% and 43%, respectively, of total advances outstanding at par. Allowance for Credit Losses. Based upon the collateral held as security, our credit extension and collateral policies, our credit analysis and the repayment history on advances, we have not recorded an allowance for credit losses on advances.

Mortgage Loans Held for Portfol

Mortgage Loans Held for Portfolio	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Mortgage Loans Held for Portfolio	Note 5 - Mortgage Loans Held for Portfolio The following tables present information on mortgage loans held for portfolio by term and type. Term June 30, 2022 December 31, 2021 Fixed-rate long-term mortgages $ 6,633,317 $ 6,417,543 Fixed-rate medium-term (1) mortgages 931,310 1,016,851 Total mortgage loans held for portfolio, UPB 7,564,627 7,434,394 Unamortized premiums 175,372 181,172 Unamortized discounts (5,687) (2,389) Hedging basis adjustments, net (4,470) 3,157 Total mortgage loans held for portfolio 7,729,842 7,616,334 Allowance for credit losses (200) (200) Total mortgage loans held for portfolio, net (2) $ 7,729,642 $ 7,616,134 (1) Defined as a term of 15 years or less at origination. (2) Excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $29,062 and $27,977, respectively. Type June 30, 2022 December 31, 2021 Conventional $ 7,404,571 $ 7,254,056 Government-guaranteed or -insured 160,056 180,338 Total mortgage loans held for portfolio, UPB $ 7,564,627 $ 7,434,394 Credit Quality Indicators for Conventional Mortgage Loans and Other Delinquency Statistics. The tables below present the key credit quality indicators and other delinquency statistics for our mortgage loans held for portfolio aggregated by (i) the most recent five origination years and (ii) all other prior origination years. Amounts are based on amortized cost, which excludes accrued interest receivable. Origination Year Payment Status as of June 30, 2022 Prior to 2018 2018 to 2022 Total Past due: 30-59 days $ 17,062 $ 9,822 $ 26,884 60-89 days 2,628 1,055 3,683 90 days or more 14,450 1,630 16,080 Total past due 34,140 12,507 46,647 Total current 2,613,182 4,908,165 7,521,347 Total conventional mortgage loans, amortized cost $ 2,647,322 $ 4,920,672 $ 7,567,994 Origination Year Payment Status as of December 31, 2021 Prior to 2017 2017 to 2021 Total Past due: 30-59 days $ 16,968 $ 12,662 $ 29,630 60-89 days 4,175 1,767 5,942 90 days or more 18,599 11,206 29,805 Total past due 39,742 25,635 65,377 Total current 2,447,420 4,921,101 7,368,521 Total conventional mortgage loans, amortized cost $ 2,487,162 $ 4,946,736 $ 7,433,898 Other Delinquency Statistics as of June 30, 2022 Conventional Government Total In process of foreclosure (1) $ 3,368 $ — $ 3,368 Serious delinquency rate (2) 0.21 % 1.05 % 0.23 % Past due 90 days or more still accruing interest (3) $ 11,298 $ 1,483 $ 12,781 On non-accrual status (4) $ 10,788 $ — $ 10,788 Other Delinquency Statistics as of December 31, 2021 In process of foreclosure (1) $ 1,999 $ — $ 1,999 Serious delinquency rate (2) 0.40 % 0.86 % 0.41 % Past due 90 days or more still accruing interest (3) $ 15,725 $ 1,364 $ 17,089 On non-accrual status (4) $ 23,487 $ — $ 23,487 (1) Includes loans for which the decision of foreclosure or similar alternative, such as pursuit of deed-in-lieu of foreclosure, has been reported. Loans in process of foreclosure are included in past due categories depending on their delinquency status, but are not necessarily considered to be on non-accrual status. (2) Represents loans 90 days or more past due (including loans in process of foreclosure) expressed as a percentage of the total mortgage loans. (3) Although our past due scheduled/scheduled MPP loans are classified as loans past due 90 days or more based on the loan's delinquency status, we do not consider these loans to be on non-accrual status as they are well-secured and in the process of collection. (4) As of June 30, 2022 and December 31, 2021, $3,721 and $11,701, respectively, of UPB of these conventional mortgage loans on non-accrual status did not have a related 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, exceeded the amortized cost of the loans. Allowance for Credit Losses. The table below presents a rollforward of our allowance for credit losses. Three Months Ended June 30, Six Months Ended June 30, Rollforward of Allowance 2022 2021 2022 2021 Balance, beginning of period $ 200 $ 350 $ 200 $ 350 Charge-offs (1) 7 — 7 (92) Recoveries 31 19 53 23 Provision for (reversal of) credit losses (38) (44) (60) 44 Balance, end of period $ 200 $ 325 $ 200 $ 325 (1) Includes receipts of LRA funds on certain loans that are recorded as reversals of previous charge-offs.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 6 - Derivatives and Hedging Activities Managing Credit Risk on Derivatives. We are subject to credit risk due to the risk of nonperformance by the counterparties to our derivative transactions. Uncleared Derivatives. There were no uncleared derivative instruments with credit-risk-related contingent features that were in a net liability position (before cash collateral and related accrued interest on cash collateral) at June 30, 2022. Cleared Derivatives. At June 30, 2022, we were not required by our clearing agents to post any margin in excess of the Clearinghouses' requirements. Financial Statement Effect and Additional Financial Information. We record derivative instruments, related cash collateral received or pledged/posted and associated accrued interest on a net basis by clearing agent and/or by counterparty when the netting requirements have been met. The following table presents the notional amount and estimated fair value of derivative assets and liabilities. June 30, 2022 December 31, 2021 Notional Derivative Derivative Notional Derivative Derivative Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedging instruments: Interest-rate swaps $ 55,010,636 $ 493,855 $ 1,555,740 $ 46,395,451 $ 105,446 $ 413,324 Derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps 9,270,000 1,987 1,363 8,595,000 357 148 Interest-rate caps/floors 611,000 1,208 — 625,500 1,077 — Interest-rate forwards 32,200 352 66 98,200 1 199 MDCs 31,325 108 45 96,424 45 105 Total derivatives not designated as hedging instruments 9,944,525 3,655 1,474 9,415,124 1,480 452 Total derivatives before adjustments $ 64,955,161 497,510 1,557,214 $ 55,810,575 106,926 413,776 Netting adjustments and cash collateral (1) (171,662) (1,543,645) 113,276 (401,591) Total derivatives, net, at estimated fair value $ 325,848 $ 13,569 $ 220,202 $ 12,185 (1) Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed, with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2022 and December 31, 2021, including accrued interest, totaled $1,511,166 and $515,761, respectively. Cash collateral received from counterparties and held at both June 30, 2022 and December 31, 2021, including accrued interest, totaled $139,183 and $894, respectively. At June 30, 2022 and December 31, 2021, no securities were pledged as collateral. The following table presents separately the estimated fair value of derivative instruments meeting and not meeting netting requirements, including the effect of the related collateral. June 30, 2022 December 31, 2021 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative instruments meeting netting requirements: Gross recognized amount Uncleared $ 493,033 $ 1,482,271 $ 105,667 $ 411,886 Cleared 4,017 74,832 1,213 1,586 Total gross recognized amount 497,050 1,557,103 106,880 413,472 Gross amounts of netting adjustments and cash collateral Uncleared (408,142) (1,468,813) (105,417) (400,005) Cleared 236,480 (74,832) 218,693 (1,586) Total gross amounts of netting adjustments and cash collateral (171,662) (1,543,645) 113,276 (401,591) Net amounts after netting adjustments and cash collateral Uncleared 84,891 13,458 250 11,881 Cleared 240,497 — 219,906 — Total net amounts after netting adjustments and cash collateral 325,388 13,458 220,156 11,881 Derivative instruments not meeting netting requirements (1) 460 111 46 304 Total derivatives, net, at estimated fair value $ 325,848 $ 13,569 $ 220,202 $ 12,185 (1) Includes MDCs and certain interest-rate forwards. The following table presents the impact of qualifying fair-value hedging relationships on net interest income by hedged item, excluding any offsetting interest income/expense of the associated hedged items. Three Months Ended June 30, 2022 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (18,870) $ (11,663) $ 31,275 $ 742 Net gains (losses) on derivatives (2) 141,937 106,280 (390,352) (142,135) Net gains (losses) on hedged items (3) (147,671) (122,790) 387,546 117,085 Net impact on net interest income $ (24,604) $ (28,173) $ 28,469 $ (24,308) Total interest income (expense) recorded in the Statement of Income (4) $ 67,562 $ 38,563 $ (99,192) $ 6,933 Three Months Ended June 30, 2021 Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (46,173) $ (28,327) $ 22,011 $ (52,489) Net gains (losses) on derivatives (2) (12,098) (87,731) 37,082 (62,747) Net gains (losses) on hedged items (3) 10,494 81,883 (39,194) 53,183 Net impact on net interest income $ (47,777) $ (34,175) $ 19,899 $ (62,053) Total interest income (expense) recorded in the Statement of Income (4) $ 28,175 $ 21,184 $ (52,674) $ (3,315) Six Months Ended June 30, 2022 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (59,024) $ (34,128) $ 82,664 $ (10,488) Net gains (losses) on derivatives (2) 498,571 284,010 (1,290,066) (507,485) Net gains (losses) on hedged items (3) (500,575) (314,279) 1,282,605 467,751 Net impact on net interest income $ (61,028) $ (64,397) $ 75,203 $ (50,222) Total interest income (expense) recorded in the Statement of Income (4) $ 102,603 $ 61,008 $ (150,891) $ 12,720 Six Months Ended June 30, 2021 Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (91,892) $ (60,780) $ 34,237 $ (118,435) Net gains (losses) on derivatives (2) 234,784 234,210 (81,111) 387,883 Net gains (losses) on hedged items (3) (233,031) (234,631) 84,221 (383,441) Net impact on net interest income $ (90,139) $ (61,201) $ 37,347 $ (113,993) Total interest income (expense) recorded in the Statement of Income (4) $ 64,284 $ 51,020 $ (106,470) $ 8,834 (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) Includes for the three months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $(141,004) and $(62,754), respectively, and price alignment interest of $(1,131) and $7, respectively. Includes for the six months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $(506,306) and $387,834, respectively, and price alignment interest of $(1,179) and $49, respectively. (3) Includes for the three months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $134,151 and $57,142, respectively, and amortization of net losses on ineffective and discontinued fair-value hedging relationships of $(17,066) and $(3,959), respectively. Includes for the six months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $501,499 and $(374,858), respectively, and amortization of net losses on ineffective and discontinued fair-value hedging relationships of $(33,748) and $(8,583), respectively. (4) For advances, AFS securities and CO bonds only. The following table presents the components of net gains (losses) on derivatives reported in other income. Three Months Ended June 30, Six Months Ended June 30, Type of Hedge 2022 2021 2022 2021 Net gains (losses) on derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps $ 16,413 $ 4,083 $ 38,463 $ 8,194 Interest-rate caps/floors (42) (528) 131 (396) Interest-rate forwards 1,768 (1,344) 7,026 2,812 Net interest settlements (1) 881 (3,285) (1,137) (8,238) MDCs (1,817) 1,260 (7,286) (3,024) Net gains (losses) on derivatives in other income $ 17,203 $ 186 $ 37,197 $ (652) (1) Relates to derivatives that are not in qualifying fair-value hedging relationships. The interest income/expense of the associated hedged items is recorded in net interest income. The following table presents the amortized cost of, and the related cumulative basis adjustments on, hedged items in qualifying fair-value hedging relationships. June 30, 2022 Advances AFS Securities CO Bonds Amortized cost of hedged items (1) $ 16,303,974 $ 10,164,322 $ 26,730,944 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ (345,091) $ (934,237) $ (1,530,303) For discontinued fair-value hedging relationships 136 357,242 — Total cumulative fair-value hedging basis adjustments on hedged items $ (344,955) $ (576,995) $ (1,530,303) December 31, 2021 Amortized cost of hedged items (1) $ 17,374,515 $ 9,007,993 $ 20,902,714 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ 178,543 $ (184,724) $ (247,699) For discontinued fair-value hedging relationships 572 390,923 — Total cumulative fair-value hedging basis adjustments on hedged items $ 179,115 $ 206,199 $ (247,699) (1) Includes the amortized cost of the hedged items in active or discontinued fair-value hedging relationships. (2) Includes effective and ineffective fair-value hedging relationships. Excludes any offsetting effect of the net estimated fair value of the associated derivatives.

Consolidated Obligations

Consolidated Obligations	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Consolidated Obligations	Note 7 - Consolidated Obligations In addition to being the primary obligor for all consolidated obligations issued on our behalf, we are jointly and severally liable with each of the other FHLBanks for the payment of the principal and interest on all of the FHLBanks' consolidated obligations outstanding. The par values of the FHLBanks' consolidated obligations outstanding at June 30, 2022 and December 31, 2021 totaled $882.5 billion and $652.9 billion, respectively. As provided by the Bank Act and Finance Agency regulations, consolidated obligations are backed only by the financial resources of all FHLBanks. Discount Notes. The following table presents our discount notes outstanding, all of which are due within one year of issuance. Discount Notes June 30, 2022 December 31, 2021 Book value $ 19,587,260 $ 12,116,358 Par value 19,617,332 12,117,846 Weighted average effective interest rate 1.17 % 0.05 % CO Bonds. The following table presents our CO bonds outstanding by contractual maturity. June 30, 2022 December 31, 2021 Year of Contractual Maturity Amount WAIR% Amount WAIR% Due in 1 year or less $ 8,949,535 1.52 $ 14,357,350 0.29 Due after 1 through 2 years 3,556,625 1.49 2,965,510 1.02 Due after 2 through 3 years 9,827,090 1.09 5,797,550 0.76 Due after 3 through 4 years 4,878,500 1.26 3,947,300 0.83 Due after 4 through 5 years 5,039,820 1.36 6,587,600 1.14 Thereafter 8,698,820 2.20 8,894,940 2.09 Total CO bonds, par value 40,950,390 1.51 42,550,250 0.96 Unamortized premiums 60,418 77,035 Unamortized discounts (10,819) (11,268) Unamortized concessions (7,321) (6,746) Fair-value hedging basis adjustments, net (1,530,303) (247,699) Total CO bonds $ 39,462,365 $ 42,361,572 The following tables present the par value of our CO bonds outstanding by redemption feature and the earlier of the year of contractual maturity or next call date. Redemption Feature June 30, 2022 December 31, 2021 Non-callable / non-putable $ 11,740,890 $ 20,346,750 Callable 29,209,500 22,203,500 Total CO bonds, par value $ 40,950,390 $ 42,550,250 Year of Contractual Maturity or Next Call Date June 30, 2022 December 31, 2021 Due in 1 year or less $ 35,829,035 $ 36,028,850 Due after 1 through 2 years 1,374,625 3,122,510 Due after 2 through 3 years 997,090 586,550 Due after 3 through 4 years 745,500 577,300 Due after 4 through 5 years 248,320 415,100 Thereafter 1,755,820 1,819,940 Total CO bonds, par value $ 40,950,390 $ 42,550,250 The following table presents the par value of our CO bonds outstanding by interest-rate payment type. Interest-Rate Payment Type June 30, 2022 December 31, 2021 Fixed-rate $ 34,548,390 $ 36,717,750 Step-up 2,233,500 898,500 Simple variable-rate 4,168,500 4,934,000 Total CO bonds, par value $ 40,950,390 $ 42,550,250

Affordable Housing Program

Affordable Housing Program	6 Months Ended
	Jun. 30, 2022
Affordable Housing Program [Abstract]
Affordable Housing Program	Note 8 - Affordable Housing Program The following table summarizes the activity in our AHP funding obligation. Three Months Ended June 30, Six Months Ended June 30, AHP Activity 2022 2021 2022 2021 Liability at beginning of period $ 31,937 $ 35,690 $ 31,049 $ 34,402 Assessment (expense) 3,623 2,008 6,828 5,451 Subsidy usage, net (1) (6,607) (6,933) (8,924) (9,088) Liability at end of period $ 28,953 $ 30,765 $ 28,953 $ 30,765 (1) Subsidies disbursed are reported net of returns/recaptures of previously disbursed subsidies.

Capital

Capital	6 Months Ended
	Jun. 30, 2022
Banking Regulation, Total Capital [Abstract]
Capital	Note 9 - Capital Classes of Capital Stock. The following table presents the capital stock outstanding by sub-series. Capital Stock Outstanding June 30, 2022 December 31, 2021 Class B-1 $ 765,075 $ 931,517 Class B-2 1,485,760 1,314,684 Total Class B $ 2,250,835 $ 2,246,201 Mandatorily Redeemable Capital Stock. The following table presents the activity in our MRCS. Three Months Ended June 30, Six Months Ended June 30, MRCS Activity 2022 2021 2022 2021 Liability at beginning of period $ 45,591 $ 232,695 $ 50,422 $ 250,768 Reclassification from capital stock — 281 — 281 Redemptions/repurchases (8) (83) (4,839) (18,156) Liability at end of period $ 45,583 $ 232,893 $ 45,583 $ 232,893 The following table presents MRCS by contractual year of redemption. The year of redemption is the later of (i) the final year of the 5-year redemption period, or (ii) the first year in which a non-member no longer has an activity-based stock requirement. MRCS Contractual Year of Redemption June 30, 2022 December 31, 2021 Past contractual redemption date (1) $ 560 $ 577 Year 1 (2) 12,298 11,835 Year 2 868 471 Year 3 12,124 9,873 Year 4 16,059 23,218 Year 5 3,674 4,448 Total MRCS $ 45,583 $ 50,422 (1) Balance represents Class B stock that will not be redeemed until the associated credit products and other obligations are no longer outstanding. (2) Balance at June 30, 2022 and December 31, 2021 includes $11,835 of Class B stock held by one captive insurance company whose membership was terminated on February 19, 2021 but will not be redeemed until the associated credit products and other obligations are no longer outstanding. The following table presents the distributions related to MRCS. Three Months Ended June 30, Six Months Ended June 30, MRCS Distributions 2022 2021 2022 2021 Recorded as interest expense $ 269 $ 929 $ 514 $ 2,033 Recorded as distributions from retained earnings — 1 — 84 Total $ 269 $ 930 $ 514 $ 2,117 Capital Requirements. We are subject to three capital requirements under our capital plan and Finance Agency regulations as disclosed in Note 12 - Capital in our 2021 Form 10-K. As presented in the following table, we were in compliance with these Finance Agency's capital requirements at June 30, 2022 and December 31, 2021. June 30, 2022 December 31, 2021 Regulatory Capital Requirements Required Actual Required Actual Risk-based capital $ 1,217,930 $ 3,508,138 $ 1,091,337 $ 3,473,695 Total regulatory capital $ 2,570,651 $ 3,508,138 $ 2,400,184 $ 3,473,695 Total regulatory capital-to-assets ratio 4.00% 5.46% 4.00% 5.79% Leverage capital $ 3,213,313 $ 5,262,207 $ 3,000,230 $ 5,210,543 Leverage ratio 5.00% 8.19% 5.00% 8.69%

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Note 10 - Accumulated Other Comprehensive Income The following table presents a summary of the changes in the components of AOCI. AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI Balance, March 31, 2022 $ 77,479 $ (18,424) $ 59,055 OCI before reclassifications: Net change in unrealized gains (losses) (45,228) — (45,228) Reclassifications from OCI to net income: Pension benefits, net — 329 329 Total other comprehensive income (loss) (45,228) 329 (44,899) Balance, June 30, 2022 $ 32,251 $ (18,095) $ 14,156 Balance, March 31, 2021 $ 210,450 $ (30,523) $ 179,927 OCI before reclassifications: Net change in unrealized gains 4,502 — 4,502 Reclassifications from OCI to net income: Pension benefits, net — 8,995 8,995 Total other comprehensive income 4,502 8,995 13,497 Balance, June 30, 2021 $ 214,952 $ (21,528) $ 193,424 AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI Balance, December 31, 2021 $ 151,942 $ (18,884) $ 133,058 OCI before reclassifications: Net change in unrealized gains (losses) (119,691) — (119,691) Reclassifications from OCI to net income: Pension benefits, net — 789 789 Total other comprehensive income (loss) (119,691) 789 (118,902) Balance, June 30, 2022 $ 32,251 $ (18,095) $ 14,156 Balance, December 31, 2020 $ 136,921 $ (31,519) $ 105,402 OCI before reclassifications: Net change in unrealized gains 78,031 — 78,031 Reclassifications from OCI to net income: Pension benefits, net — 9,991 9,991 Total other comprehensive income 78,031 9,991 88,022 Balance, June 30, 2021 $ 214,952 $ (21,528) $ 193,424

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	Note 11 - Segment Information The following table presents our financial performance by operating segment. Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 50,671 $ 13,151 $ 63,822 $ 53,952 $ 3,364 $ 57,316 Provision for (reversal of) credit losses — (38) (38) — (44) (44) Other income (loss) (1,732) 34 (1,698) (9,734) (36) (9,770) Other expenses 22,436 3,767 26,203 24,221 4,216 28,437 Income (loss) before assessments 26,503 9,456 35,959 19,997 (844) 19,153 Affordable Housing Program assessments (credits) 2,677 946 3,623 2,093 (85) 2,008 Net income (loss) $ 23,826 $ 8,510 $ 32,336 $ 17,904 $ (759) $ 17,145 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 103,361 $ 25,045 $ 128,406 $ 128,137 $ 3,700 $ 131,837 Provision for (reversal of) credit losses — (60) (60) — 44 44 Other income (loss) (8,942) (158) (9,100) (22,611) (135) (22,746) Other expenses 44,202 7,395 51,597 48,339 8,228 56,567 Income (loss) before assessments 50,217 17,552 67,769 57,187 (4,707) 52,480 Affordable Housing Program assessments (credits) 5,073 1,755 6,828 5,922 (471) 5,451 Net income (loss) $ 45,144 $ 15,797 $ 60,941 $ 51,265 $ (4,236) $ 47,029 The following table presents our asset balances by operating segment. By Date Traditional Mortgage Loans Total June 30, 2022 $ 56,536,621 $ 7,729,642 $ 64,266,263 December 31, 2021 52,388,469 7,616,134 60,004,603

Estimated Fair Values

Estimated Fair Values	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Estimated Fair Values	Note 12 - Estimated Fair Values The following tables present the carrying value and estimated fair value of each of our financial instruments. The total of the estimated fair values does not represent an estimate of our overall market value as a going concern, which would take into account, among other considerations, future business opportunities and the net profitability of assets and liabilities. June 30, 2022 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 59,596 $ 59,596 $ 59,596 $ — $ — $ — Interest-bearing deposits 325,041 325,041 325,000 41 — — Securities purchased under agreements to resell 4,500,000 4,500,000 — 4,500,000 — — Federal funds sold 2,496,000 2,496,000 — 2,496,000 — — Trading securities 4,039,407 4,039,407 — 4,039,407 — — AFS securities 10,196,572 10,196,572 — 10,196,572 — — HTM securities 3,877,299 3,821,942 — 3,821,942 — — Advances 30,507,462 30,354,762 — 30,354,762 — — Mortgage loans held for portfolio, net 7,729,642 7,213,065 — 7,199,864 13,201 — Accrued interest receivable 96,937 96,937 — 96,937 — — Derivative assets, net 325,848 325,848 — 497,510 — (171,662) Grantor trust assets (2) 52,400 52,400 52,400 — — — Liabilities: Deposits 907,525 907,525 — 907,525 — — Consolidated obligations: Discount notes 19,587,260 19,579,547 — 19,579,547 — — Bonds 39,462,365 38,768,013 — 38,768,013 — — Accrued interest payable 124,999 124,999 — 124,999 — — Derivative liabilities, net 13,569 13,569 — 1,557,214 — (1,543,645) MRCS 45,583 45,583 45,583 — — — December 31, 2021 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 867,880 $ 867,880 $ 867,880 $ — $ — $ — Interest-bearing deposits 100,041 100,041 100,000 41 — — Securities purchased under agreements to resell 3,500,000 3,500,000 — 3,500,000 — — Federal funds sold 2,580,000 2,580,000 — 2,580,000 — — Trading securities 3,946,799 3,946,799 — 3,946,799 — — AFS securities 9,159,935 9,159,935 — 9,159,935 — — HTM securities 4,313,773 4,322,157 — 4,322,157 — — Advances 27,497,835 27,462,295 — 27,462,295 — — Mortgage loans held for portfolio, net 7,616,134 7,810,378 — 7,787,334 23,044 — Accrued interest receivable 80,758 80,758 — 80,758 — — Derivative assets, net 220,202 220,202 — 106,926 — 113,276 Grantor trust assets (2) 62,640 62,640 62,640 — — — Liabilities: Deposits 1,366,397 1,366,397 — 1,366,397 — — Consolidated obligations: Discount notes 12,116,358 12,115,318 — 12,115,318 — — Bonds 42,361,572 42,643,536 — 42,643,536 — — Accrued interest payable 88,068 88,068 — 88,068 — — Derivative liabilities, net 12,185 12,185 — 413,776 — (401,591) MRCS 50,422 50,422 50,422 — — — (1) Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed with the same clearing agent and/or counterparty. (2) Included in other assets on the statement of condition. Summary of Valuation Techniques and Significant Inputs. A description of the valuation techniques, significant inputs, and levels of fair value hierarchy is disclosed in Note 16 - Estimated Fair Values in our 2021 Form 10-K. No significant changes have been made in the current year. Estimated Fair Value Measurements. The following tables present, by level within the fair value hierarchy, the estimated fair value of our financial assets and liabilities that are recorded at estimated fair value on a recurring or non-recurring basis on our statement of condition. Netting June 30, 2022 Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 4,039,407 $ — $ 4,039,407 $ — $ — Total trading securities 4,039,407 — 4,039,407 — — AFS securities: U.S. Treasury obligations 2,105,878 — 2,105,878 — — GSE and TVA debentures 2,086,063 — 2,086,063 — — GSE multifamily MBS 6,004,631 — 6,004,631 — — Total AFS securities 10,196,572 — 10,196,572 — — Derivative assets: Interest-rate related 325,740 — 497,402 — (171,662) MDCs 108 — 108 — — Total derivative assets, net 325,848 — 497,510 — (171,662) Other assets: Grantor trust assets 52,400 52,400 — — — Total assets at recurring estimated fair value $ 14,614,227 $ 52,400 $ 14,733,489 $ — $ (171,662) Derivative liabilities: Interest-rate related $ 13,524 $ — $ 1,557,169 $ — $ (1,543,645) MDCs 45 — 45 — — Total derivative liabilities, net 13,569 — 1,557,214 — (1,543,645) Total liabilities at recurring estimated fair value $ 13,569 $ — $ 1,557,214 $ — $ (1,543,645) Mortgage loans held for portfolio (2) $ 970 $ — $ — $ 970 $ — Total assets at non-recurring estimated fair value $ 970 $ — $ — $ 970 $ — Netting December 31, 2021 Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 3,946,799 $ — $ 3,946,799 $ — $ — Total trading securities 3,946,799 — 3,946,799 — — AFS securities: GSE and TVA debentures 2,697,116 — 2,697,116 — — GSE MBS 6,462,819 — 6,462,819 — — Total AFS securities 9,159,935 — 9,159,935 — — Derivative assets: Interest-rate related 220,157 — 106,881 — 113,276 MDCs 45 — 45 — — Total derivative assets, net 220,202 — 106,926 — 113,276 Other assets: Grantor trust assets 62,640 62,640 — — — Total assets at recurring estimated fair value $ 13,389,576 $ 62,640 $ 13,213,660 $ — $ 113,276 Derivative liabilities: Interest-rate related $ 12,080 $ — $ 413,671 $ — $ (401,591) MDCs 105 — 105 — — Total derivative liabilities, net 12,185 — 413,776 — (401,591) Total liabilities at recurring estimated fair value $ 12,185 $ — $ 413,776 $ — $ (401,591) Mortgage loans held for portfolio (2) $ 1,141 $ — $ — $ 1,141 $ — Total assets at non-recurring estimated fair value $ 1,141 $ — $ — $ 1,141 $ — (1) Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed with the same clearing agent and/or counterparty. (2) Amounts are as of the date the most recent fair-value adjustment was recorded.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13 - Commitments and Contingencies The following table presents our off-balance-sheet commitments at their notional amounts. June 30, 2022 Type of Commitment Expire within one year Expire after one year Total Standby letters of credit outstanding $ 48,363 $ 616,213 $ 664,576 Unused lines of credit (1) 906,668 — 906,668 Commitments to fund additional advances (2) 68,000 — 68,000 Commitments to fund or purchase mortgage loans, net (3) 31,325 — 31,325 Unsettled CO bonds, at par 43,800 — 43,800 Unsettled discount notes, at par 424,000 — 424,000 (1) Maximum line of credit amount per member is $100,000. (2) Generally for periods up to six months. (3) Generally for periods up to 91 days. Pledged Collateral. At June 30, 2022 and December 31, 2021, we had pledged cash collateral of $1,509,963 and $515,740, respectively, to counterparties and clearing ag ents. At June 30, 2022 and December 31, 2021, we had not pledged any securities as collateral. Legal Proceedings. We are subject to legal proceedings arising in the normal course of business. We record an accrual for a loss contingency when it is probable that a loss for which we could be liable has been incurred and the amount can be reasonably estimated. After consultation with legal counsel, management is not aware of any such proceedings where the ultimate liability, if any, could have a material effect on our financial condition, results of operations or cash flows. Additional discussion of other commitments and contingencies is provided in Note 4 - Advances; Note 5 - Mortgage Loans Held for Portfolio; Note 6 - Derivatives and Hedging Activities; Note 7 - Consolidated Obligations; Note 9 - Capital; and Note 12 - Estimated Fair Values .

Related Party and Other Transac

Related Party and Other Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party and Other Transactions	Note 14 - Related Party and Other Transactions Transactions with Directors Financial Institutions. The following table presents our transactions with directors' financial institutions, taking into account the beginning and ending dates of the directors' terms, merger activity and other changes in the composition of directors' financial institutions. Transactions with Directors' Financial Institutions Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net capital stock issuances (redemptions and repurchases) $ 3,437 $ — $ (46,983) $ — Net advances (repayments) 3,034,988 (993,987) 1,234,703 (2,043,264) Mortgage loan purchases 4,025 16,745 12,747 29,622 The following table presents the aggregate balances of capital stock and advances outstanding for directors' financial institutions and their balances as a percent of the total balances on our statement of condition. June 30, 2022 December 31, 2021 Balances with Directors' Financial Institutions Par value % of Total Par value % of Total Capital stock $ 381,061 17 % $ 440,949 19 % Advances 4,695,040 16 % 3,854,856 14 % The composition of directors' financial institutions changed effective January 1, 2022, due to changes in board membership resulting from the 2021 director election. Transactions with Other FHLBanks. Occasionally, we loan or borrow short-term funds to/from other FHLBanks. There were no loans to or borrowings from other FHL Banks that remained outstanding at June 30, 2022 or December 31, 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying interim financial statements have been prepared in accordance with GAAP and SEC requirements for interim financial information. Accordingly, they do not include all of the information and disclosures required by GAAP for complete financial statements. Certain disclosures that would have substantially duplicated the disclosures in the financial statements, and notes thereto, included in our 2021 Form 10-K have been omitted unless the information contained in those disclosures materially changed. Therefore, these interim financial statements should be read in conjunction with our audited financial statements, and notes thereto, included in our 2021 Form 10-K. The financial statements contain all adjustments that are, in the opinion of management, necessary for a fair statement of the Bank's financial position, results of operations and cash flows for the interim periods presented. All such adjustments were of a normal recurring nature. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full calendar year or any other interim period.
Use of Estimates	Use of Estimates .
Reclassifications	Reclassifications. We have reclassified certain amounts reported in prior periods to conform to the current period presentation. These reclassifications had no effect on total assets, total liabilities, total capital, net income, total comprehensive income or net cash flows.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance. Fair-Value Hedging - Portfolio Layer Method (ASU 2022-01). On March 28, 2022, the FASB issued guidance expanding the existing last-of-layer fair-value hedging method by allowing entities to hedge multiple layers of a single closed portfolio of prepayable financial assets rather than a single (or last) layer only. To reflect the change, the last-of-layer method was renamed the portfolio layer method. The guidance is effective for the interim and annual periods beginning on January 1, 2023, although early adoption is permitted. We are in process of evaluating the potentially favorable impact of this guidance on our future financial condition, results of operations, and cash flows. Troubled Debt Restructurings and Vintage Disclosures (ASU 2022-02). On March 31, 2022, the FASB issued guidance eliminating the accounting guidance for TDRs by creditors that have adopted the current expected credit losses methodology while enhancing disclosure requirements for certain loan refinancings and restructurings made to borrowers experiencing financial difficulty. Additionally, the guidance requires disclosure of current-period gross write-offs by year of origination. The guidance is effective for the interim and annual periods beginning on January 1, 2023, although early adoption is permitted. The transition method related to the recognition and measurement of TDRs can be applied using a modified retrospective transition method, while all other amendments are to be applied prospectively. We are in process of evaluating this guidance and its potential effect on our financial statement disclosures.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Debt and Equity Securities, FV-NI [Line Items]
Trading Securities by Major Security Type	The following table presents our trading securities by type of security. Security Type June 30, 2022 December 31, 2021 U.S. Treasury obligations $ 4,039,407 $ 3,946,799 Total trading securities at estimated fair value $ 4,039,407 $ 3,946,799
Available-for-Sale (AFS) Securities by Major Security Type	The following table presents our AFS securities by type of security. Gross Gross Amortized Unrealized Unrealized Estimated June 30, 2022 Cost (1) Gains Losses Fair Value U.S. Treasury obligations $ 2,110,103 $ — $ (4,225) $ 2,105,878 GSE and TVA debentures 2,061,550 24,514 (1) 2,086,063 GSE multifamily MBS 5,992,668 35,467 (23,504) 6,004,631 Total AFS securities $ 10,164,321 $ 59,981 $ (27,730) $ 10,196,572 December 31, 2021 GSE and TVA debentures $ 2,651,571 $ 45,557 $ (12) $ 2,697,116 GSE multifamily MBS 6,356,422 109,956 (3,559) 6,462,819 Total AFS securities $ 9,007,993 $ 155,513 $ (3,571) $ 9,159,935 (1) Includes adjustments made to the cost basis for purchase discount or premium and related accretion or amortization, and, if applicable, fair-value hedging basis adjustments. Includes at June 30, 2022 and December 31, 2021 unamortized discounts totaling $150,580 and unamortized premiums totaling $14,344, respectively. The applicable fair value hedging basis adjustments at June 30, 2022 and December 31, 2021 totaled losses of $576,995 and gains of $206,199, respectively. Excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $35,316 and $32,127, respectively.
Available-for-sale (AFS) Securities in an Unrealized Loss Position	The following table presents impaired AFS securities (i.e., in an unrealized loss position), aggregated by major security type and length of time that individual securities have been in a continuous unrealized loss position. Less than 12 months 12 months or More Total Estimated Unrealized Estimated Unrealized Estimated Unrealized June 30, 2022 Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury obligations $ 2,105,878 $ (4,225) $ — $ — $ 2,105,878 $ (4,225) GSE and TVA debentures 15,000 (1) — — 15,000 (1) GSE multifamily MBS 2,496,226 (21,280) 105,536 (2,224) 2,601,762 (23,504) Total impaired AFS securities $ 4,617,104 $ (25,506) $ 105,536 $ (2,224) $ 4,722,640 $ (27,730) December 31, 2021 GSE and TVA debentures $ 250,145 $ (12) $ — $ — $ 250,145 $ (12) GSE multifamily MBS 384,015 (3,559) — — 384,015 (3,559) Total impaired AFS securities $ 634,160 $ (3,571) $ — $ — $ 634,160 $ (3,571)
HTM Securities by Major Security Type	The following table presents our HTM securities by type of security. Gross Gross Unrecognized Unrecognized Amortized Holding Holding Estimated June 30, 2022 Cost (1) Gains Losses Fair Value MBS: Other U.S. obligations - guaranteed single-family $ 2,521,513 $ 152 $ (35,792) $ 2,485,873 GSE single-family 722,385 1,697 (20,401) 703,681 GSE multifamily 633,401 5 (1,018) 632,388 Total HTM securities $ 3,877,299 $ 1,854 $ (57,211) $ 3,821,942 December 31, 2021 MBS: Other U.S. obligations - guaranteed single-family $ 2,626,143 $ 7,384 $ (9,238) $ 2,624,289 GSE single-family 815,924 14,424 (4,773) 825,575 GSE multifamily 871,706 779 (192) 872,293 Total HTM securities $ 4,313,773 $ 22,587 $ (14,203) $ 4,322,157 (1) Carrying value equals amortized cost, which includes adjustments made to the cost basis for purchase discount or premium and related accretion or amortization. Net unamortized premium at June 30, 2022 and December 31, 2021 to tale d $29,144 and $28,440, respectively.
AFS Securities
Debt and Equity Securities, FV-NI [Line Items]
AFS Securities by Contractual Maturity	The amortized cost and estimated fair value of non-MBS AFS securities are presented below by contractual maturity. MBS are not presented by contractual maturity because their actual maturities will likely differ from their contractual maturities as borrowers have the right to prepay their obligations with or without prepayment fees. June 30, 2022 December 31, 2021 Amortized Estimated Amortized Estimated Year of Contractual Maturity Cost Fair Value Cost Fair Value Due in 1 year or less $ 250,957 $ 251,579 $ 581,801 $ 582,240 Due after 1 through 5 years 1,566,089 1,586,412 1,494,109 1,523,600 Due after 5 through 10 years 2,354,607 2,353,950 575,661 591,276 Total non-MBS 4,171,653 4,191,941 2,651,571 2,697,116 Total MBS 5,992,668 6,004,631 6,356,422 6,462,819 Total AFS securities $ 10,164,321 $ 10,196,572 $ 9,007,993 $ 9,159,935
Trading Securities
Debt and Equity Securities, FV-NI [Line Items]
Gain (Loss) on Securities	The following table presents net gains (losses) on trading securities, excluding any offsetting effect of gains (losses) on the associated derivatives. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net gains (losses) on trading securities held at period end $ (13,740) $ (12,637) $ (34,831) $ (23,275) Net gains (losses) on trading securities that matured/sold during the period (480) (1,094) (3,584) (4,084) Net gains (losses) on trading securities $ (14,220) $ (13,731) $ (38,415) $ (27,359)

Advances (Tables)

Advances (Tables)	6 Months Ended
	Jun. 30, 2022
Advances [Abstract]
Summary of Advances Redemption Terms	The following table presents advances outstanding by redemption term. June 30, 2022 December 31, 2021 Redemption Term Amount WAIR % Amount WAIR % Overdrawn demand and overnight deposit accounts $ 98,456 3.90 $ — — Due in 1 year or less 13,371,345 1.44 7,863,703 0.59 Due after 1 through 2 years 3,736,129 2.21 2,684,996 2.02 Due after 2 through 3 years 2,384,761 1.70 3,536,759 1.35 Due after 3 through 4 years 2,563,139 1.82 2,931,260 1.29 Due after 4 through 5 years 1,822,975 1.79 1,908,432 1.34 Thereafter 6,867,716 1.52 8,384,458 0.82 Total advances, par value 30,844,521 1.63 27,309,608 1.03 Fair-value hedging basis adjustments, net (344,955) 179,115 Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees 7,896 9,112 Total advances (1) $ 30,507,462 $ 27,497,835 (1) Carrying value equals amortized cost, which excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $18,542 and $13,075, respectively. The following table presents advances outstanding by the earlier of the redemption date or the next call date and next put date. Earlier of Redemption Earlier of Redemption June 30, December 31, June 30, December 31, Overdrawn demand and overnight deposit accounts $ 98,456 $ — $ 98,456 $ — Due in 1 year or less 18,134,158 12,547,866 16,934,750 13,452,703 Due after 1 through 2 years 2,494,629 2,578,396 4,138,129 3,090,101 Due after 2 through 3 years 2,011,211 2,127,759 2,770,661 3,636,259 Due after 3 through 4 years 1,579,789 1,997,060 2,563,139 3,007,160 Due after 4 through 5 years 1,460,800 1,530,307 1,509,875 1,485,332 Thereafter 5,065,478 6,528,220 2,829,511 2,638,053 Total advances, par value $ 30,844,521 $ 27,309,608 $ 30,844,521 $ 27,309,608

Mortgage Loans Held for Portf_2

Mortgage Loans Held for Portfolio (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Mortgage Loans Held for Portfolio	The following tables present information on mortgage loans held for portfolio by term and type. Term June 30, 2022 December 31, 2021 Fixed-rate long-term mortgages $ 6,633,317 $ 6,417,543 Fixed-rate medium-term (1) mortgages 931,310 1,016,851 Total mortgage loans held for portfolio, UPB 7,564,627 7,434,394 Unamortized premiums 175,372 181,172 Unamortized discounts (5,687) (2,389) Hedging basis adjustments, net (4,470) 3,157 Total mortgage loans held for portfolio 7,729,842 7,616,334 Allowance for credit losses (200) (200) Total mortgage loans held for portfolio, net (2) $ 7,729,642 $ 7,616,134 (1) Defined as a term of 15 years or less at origination. (2) Excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $29,062 and $27,977, respectively. Type June 30, 2022 December 31, 2021 Conventional $ 7,404,571 $ 7,254,056 Government-guaranteed or -insured 160,056 180,338 Total mortgage loans held for portfolio, UPB $ 7,564,627 $ 7,434,394
Key Credit Quality Indicators	The tables below present the key credit quality indicators and other delinquency statistics for our mortgage loans held for portfolio aggregated by (i) the most recent five origination years and (ii) all other prior origination years. Amounts are based on amortized cost, which excludes accrued interest receivable. Origination Year Payment Status as of June 30, 2022 Prior to 2018 2018 to 2022 Total Past due: 30-59 days $ 17,062 $ 9,822 $ 26,884 60-89 days 2,628 1,055 3,683 90 days or more 14,450 1,630 16,080 Total past due 34,140 12,507 46,647 Total current 2,613,182 4,908,165 7,521,347 Total conventional mortgage loans, amortized cost $ 2,647,322 $ 4,920,672 $ 7,567,994 Origination Year Payment Status as of December 31, 2021 Prior to 2017 2017 to 2021 Total Past due: 30-59 days $ 16,968 $ 12,662 $ 29,630 60-89 days 4,175 1,767 5,942 90 days or more 18,599 11,206 29,805 Total past due 39,742 25,635 65,377 Total current 2,447,420 4,921,101 7,368,521 Total conventional mortgage loans, amortized cost $ 2,487,162 $ 4,946,736 $ 7,433,898
Other Delinquency Statistics	Other Delinquency Statistics as of June 30, 2022 Conventional Government Total In process of foreclosure (1) $ 3,368 $ — $ 3,368 Serious delinquency rate (2) 0.21 % 1.05 % 0.23 % Past due 90 days or more still accruing interest (3) $ 11,298 $ 1,483 $ 12,781 On non-accrual status (4) $ 10,788 $ — $ 10,788 Other Delinquency Statistics as of December 31, 2021 In process of foreclosure (1) $ 1,999 $ — $ 1,999 Serious delinquency rate (2) 0.40 % 0.86 % 0.41 % Past due 90 days or more still accruing interest (3) $ 15,725 $ 1,364 $ 17,089 On non-accrual status (4) $ 23,487 $ — $ 23,487 (1) Includes loans for which the decision of foreclosure or similar alternative, such as pursuit of deed-in-lieu of foreclosure, has been reported. Loans in process of foreclosure are included in past due categories depending on their delinquency status, but are not necessarily considered to be on non-accrual status. (2) Represents loans 90 days or more past due (including loans in process of foreclosure) expressed as a percentage of the total mortgage loans. (3) Although our past due scheduled/scheduled MPP loans are classified as loans past due 90 days or more based on the loan's delinquency status, we do not consider these loans to be on non-accrual status as they are well-secured and in the process of collection. (4) As of June 30, 2022 and December 31, 2021, $3,721 and $11,701, respectively, of UPB of these conventional mortgage loans on non-accrual status did not have a related 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, exceeded the amortized cost of the loans.
Rollforward of Allowance for Credit Losses on Mortgage Loans	The table below presents a rollforward of our allowance for credit losses. Three Months Ended June 30, Six Months Ended June 30, Rollforward of Allowance 2022 2021 2022 2021 Balance, beginning of period $ 200 $ 350 $ 200 $ 350 Charge-offs (1) 7 — 7 (92) Recoveries 31 19 53 23 Provision for (reversal of) credit losses (38) (44) (60) 44 Balance, end of period $ 200 $ 325 $ 200 $ 325 (1) Includes receipts of LRA funds on certain loans that are recorded as reversals of previous charge-offs.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional Amount and Estimated Fair Value of Derivative Instruments	The following table presents the notional amount and estimated fair value of derivative assets and liabilities. June 30, 2022 December 31, 2021 Notional Derivative Derivative Notional Derivative Derivative Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedging instruments: Interest-rate swaps $ 55,010,636 $ 493,855 $ 1,555,740 $ 46,395,451 $ 105,446 $ 413,324 Derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps 9,270,000 1,987 1,363 8,595,000 357 148 Interest-rate caps/floors 611,000 1,208 — 625,500 1,077 — Interest-rate forwards 32,200 352 66 98,200 1 199 MDCs 31,325 108 45 96,424 45 105 Total derivatives not designated as hedging instruments 9,944,525 3,655 1,474 9,415,124 1,480 452 Total derivatives before adjustments $ 64,955,161 497,510 1,557,214 $ 55,810,575 106,926 413,776 Netting adjustments and cash collateral (1) (171,662) (1,543,645) 113,276 (401,591) Total derivatives, net, at estimated fair value $ 325,848 $ 13,569 $ 220,202 $ 12,185 (1) Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed, with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2022 and December 31, 2021, including accrued interest, totaled $1,511,166 and $515,761, respectively. Cash collateral received from counterparties and held at both June 30, 2022 and December 31, 2021, including accrued interest, totaled $139,183 and $894, respectively. At June 30, 2022 and December 31, 2021, no securities were pledged as collateral.
Offsetting of Derivative Assets and Derivative Liabilities	The following table presents separately the estimated fair value of derivative instruments meeting and not meeting netting requirements, including the effect of the related collateral. June 30, 2022 December 31, 2021 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative instruments meeting netting requirements: Gross recognized amount Uncleared $ 493,033 $ 1,482,271 $ 105,667 $ 411,886 Cleared 4,017 74,832 1,213 1,586 Total gross recognized amount 497,050 1,557,103 106,880 413,472 Gross amounts of netting adjustments and cash collateral Uncleared (408,142) (1,468,813) (105,417) (400,005) Cleared 236,480 (74,832) 218,693 (1,586) Total gross amounts of netting adjustments and cash collateral (171,662) (1,543,645) 113,276 (401,591) Net amounts after netting adjustments and cash collateral Uncleared 84,891 13,458 250 11,881 Cleared 240,497 — 219,906 — Total net amounts after netting adjustments and cash collateral 325,388 13,458 220,156 11,881 Derivative instruments not meeting netting requirements (1) 460 111 46 304 Total derivatives, net, at estimated fair value $ 325,848 $ 13,569 $ 220,202 $ 12,185 (1) Includes MDCs and certain interest-rate forwards.
Components of Net Gains (Losses) on Derivatives and Hedging Activities in Net Interest Income	The following table presents the impact of qualifying fair-value hedging relationships on net interest income by hedged item, excluding any offsetting interest income/expense of the associated hedged items. Three Months Ended June 30, 2022 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (18,870) $ (11,663) $ 31,275 $ 742 Net gains (losses) on derivatives (2) 141,937 106,280 (390,352) (142,135) Net gains (losses) on hedged items (3) (147,671) (122,790) 387,546 117,085 Net impact on net interest income $ (24,604) $ (28,173) $ 28,469 $ (24,308) Total interest income (expense) recorded in the Statement of Income (4) $ 67,562 $ 38,563 $ (99,192) $ 6,933 Three Months Ended June 30, 2021 Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (46,173) $ (28,327) $ 22,011 $ (52,489) Net gains (losses) on derivatives (2) (12,098) (87,731) 37,082 (62,747) Net gains (losses) on hedged items (3) 10,494 81,883 (39,194) 53,183 Net impact on net interest income $ (47,777) $ (34,175) $ 19,899 $ (62,053) Total interest income (expense) recorded in the Statement of Income (4) $ 28,175 $ 21,184 $ (52,674) $ (3,315) Six Months Ended June 30, 2022 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (59,024) $ (34,128) $ 82,664 $ (10,488) Net gains (losses) on derivatives (2) 498,571 284,010 (1,290,066) (507,485) Net gains (losses) on hedged items (3) (500,575) (314,279) 1,282,605 467,751 Net impact on net interest income $ (61,028) $ (64,397) $ 75,203 $ (50,222) Total interest income (expense) recorded in the Statement of Income (4) $ 102,603 $ 61,008 $ (150,891) $ 12,720 Six Months Ended June 30, 2021 Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ (91,892) $ (60,780) $ 34,237 $ (118,435) Net gains (losses) on derivatives (2) 234,784 234,210 (81,111) 387,883 Net gains (losses) on hedged items (3) (233,031) (234,631) 84,221 (383,441) Net impact on net interest income $ (90,139) $ (61,201) $ 37,347 $ (113,993) Total interest income (expense) recorded in the Statement of Income (4) $ 64,284 $ 51,020 $ (106,470) $ 8,834 (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) Includes for the three months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $(141,004) and $(62,754), respectively, and price alignment interest of $(1,131) and $7, respectively. Includes for the six months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $(506,306) and $387,834, respectively, and price alignment interest of $(1,179) and $49, respectively. (3) Includes for the three months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $134,151 and $57,142, respectively, and amortization of net losses on ineffective and discontinued fair-value hedging relationships of $(17,066) and $(3,959), respectively. Includes for the six months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $501,499 and $(374,858), respectively, and amortization of net losses on ineffective and discontinued fair-value hedging relationships of $(33,748) and $(8,583), respectively. (4) For advances, AFS securities and CO bonds only.
Components of Net Gains (Losses) on Derivatives and Hedging Activities Reported in Other Income	The following table presents the components of net gains (losses) on derivatives reported in other income. Three Months Ended June 30, Six Months Ended June 30, Type of Hedge 2022 2021 2022 2021 Net gains (losses) on derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps $ 16,413 $ 4,083 $ 38,463 $ 8,194 Interest-rate caps/floors (42) (528) 131 (396) Interest-rate forwards 1,768 (1,344) 7,026 2,812 Net interest settlements (1) 881 (3,285) (1,137) (8,238) MDCs (1,817) 1,260 (7,286) (3,024) Net gains (losses) on derivatives in other income $ 17,203 $ 186 $ 37,197 $ (652) (1) Relates to derivatives that are not in qualifying fair-value hedging relationships. The interest income/expense of the associated hedged items is recorded in net interest income.
Effect of Fair Value Hedge-Related Derivative Instruments	The following table presents the amortized cost of, and the related cumulative basis adjustments on, hedged items in qualifying fair-value hedging relationships. June 30, 2022 Advances AFS Securities CO Bonds Amortized cost of hedged items (1) $ 16,303,974 $ 10,164,322 $ 26,730,944 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ (345,091) $ (934,237) $ (1,530,303) For discontinued fair-value hedging relationships 136 357,242 — Total cumulative fair-value hedging basis adjustments on hedged items $ (344,955) $ (576,995) $ (1,530,303) December 31, 2021 Amortized cost of hedged items (1) $ 17,374,515 $ 9,007,993 $ 20,902,714 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ 178,543 $ (184,724) $ (247,699) For discontinued fair-value hedging relationships 572 390,923 — Total cumulative fair-value hedging basis adjustments on hedged items $ 179,115 $ 206,199 $ (247,699) (1) Includes the amortized cost of the hedged items in active or discontinued fair-value hedging relationships. (2) Includes effective and ineffective fair-value hedging relationships. Excludes any offsetting effect of the net estimated fair value of the associated derivatives.

Consolidated Obligations (Table

Consolidated Obligations (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Discount Notes	The following table presents our discount notes outstanding, all of which are due within one year of issuance. Discount Notes June 30, 2022 December 31, 2021 Book value $ 19,587,260 $ 12,116,358 Par value 19,617,332 12,117,846 Weighted average effective interest rate 1.17 % 0.05 %
CO Bonds by Year of Contractual Maturity	The following table presents our CO bonds outstanding by contractual maturity. June 30, 2022 December 31, 2021 Year of Contractual Maturity Amount WAIR% Amount WAIR% Due in 1 year or less $ 8,949,535 1.52 $ 14,357,350 0.29 Due after 1 through 2 years 3,556,625 1.49 2,965,510 1.02 Due after 2 through 3 years 9,827,090 1.09 5,797,550 0.76 Due after 3 through 4 years 4,878,500 1.26 3,947,300 0.83 Due after 4 through 5 years 5,039,820 1.36 6,587,600 1.14 Thereafter 8,698,820 2.20 8,894,940 2.09 Total CO bonds, par value 40,950,390 1.51 42,550,250 0.96 Unamortized premiums 60,418 77,035 Unamortized discounts (10,819) (11,268) Unamortized concessions (7,321) (6,746) Fair-value hedging basis adjustments, net (1,530,303) (247,699) Total CO bonds $ 39,462,365 $ 42,361,572 Year of Contractual Maturity or Next Call Date June 30, 2022 December 31, 2021 Due in 1 year or less $ 35,829,035 $ 36,028,850 Due after 1 through 2 years 1,374,625 3,122,510 Due after 2 through 3 years 997,090 586,550 Due after 3 through 4 years 745,500 577,300 Due after 4 through 5 years 248,320 415,100 Thereafter 1,755,820 1,819,940 Total CO bonds, par value $ 40,950,390 $ 42,550,250
CO Bonds by Redemption Feature	The following tables present the par value of our CO bonds outstanding by redemption feature and the earlier of the year of contractual maturity or next call date. Redemption Feature June 30, 2022 December 31, 2021 Non-callable / non-putable $ 11,740,890 $ 20,346,750 Callable 29,209,500 22,203,500 Total CO bonds, par value $ 40,950,390 $ 42,550,250
CO Bonds Outstanding by Interest Payment Type	The following table presents the par value of our CO bonds outstanding by interest-rate payment type. Interest-Rate Payment Type June 30, 2022 December 31, 2021 Fixed-rate $ 34,548,390 $ 36,717,750 Step-up 2,233,500 898,500 Simple variable-rate 4,168,500 4,934,000 Total CO bonds, par value $ 40,950,390 $ 42,550,250

Affordable Housing Program (Tab

Affordable Housing Program (Tables)	6 Months Ended
	Jun. 30, 2022
Affordable Housing Program [Abstract]
Schedule of Activity in Affordable Housing Program Obligation	The following table summarizes the activity in our AHP funding obligation. Three Months Ended June 30, Six Months Ended June 30, AHP Activity 2022 2021 2022 2021 Liability at beginning of period $ 31,937 $ 35,690 $ 31,049 $ 34,402 Assessment (expense) 3,623 2,008 6,828 5,451 Subsidy usage, net (1) (6,607) (6,933) (8,924) (9,088) Liability at end of period $ 28,953 $ 30,765 $ 28,953 $ 30,765 (1) Subsidies disbursed are reported net of returns/recaptures of previously disbursed subsidies.

Capital (Tables)

Capital (Tables)	6 Months Ended
	Jun. 30, 2022
Banking Regulation, Total Capital [Abstract]
Schedule of Capital Stock Outstanding by Sub-series	The following table presents the capital stock outstanding by sub-series. Capital Stock Outstanding June 30, 2022 December 31, 2021 Class B-1 $ 765,075 $ 931,517 Class B-2 1,485,760 1,314,684 Total Class B $ 2,250,835 $ 2,246,201
Mandatorily Redeemable Capital Stock	The following table presents the activity in our MRCS. Three Months Ended June 30, Six Months Ended June 30, MRCS Activity 2022 2021 2022 2021 Liability at beginning of period $ 45,591 $ 232,695 $ 50,422 $ 250,768 Reclassification from capital stock — 281 — 281 Redemptions/repurchases (8) (83) (4,839) (18,156) Liability at end of period $ 45,583 $ 232,893 $ 45,583 $ 232,893 The following table presents MRCS by contractual year of redemption. The year of redemption is the later of (i) the final year of the 5-year redemption period, or (ii) the first year in which a non-member no longer has an activity-based stock requirement. MRCS Contractual Year of Redemption June 30, 2022 December 31, 2021 Past contractual redemption date (1) $ 560 $ 577 Year 1 (2) 12,298 11,835 Year 2 868 471 Year 3 12,124 9,873 Year 4 16,059 23,218 Year 5 3,674 4,448 Total MRCS $ 45,583 $ 50,422 (1) Balance represents Class B stock that will not be redeemed until the associated credit products and other obligations are no longer outstanding.
Schedule of Distributions on Mandatorily Redeemable Capital Stock	The following table presents the distributions related to MRCS. Three Months Ended June 30, Six Months Ended June 30, MRCS Distributions 2022 2021 2022 2021 Recorded as interest expense $ 269 $ 929 $ 514 $ 2,033 Recorded as distributions from retained earnings — 1 — 84 Total $ 269 $ 930 $ 514 $ 2,117
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	As presented in the following table, we were in compliance with these Finance Agency's capital requirements at June 30, 2022 and December 31, 2021. June 30, 2022 December 31, 2021 Regulatory Capital Requirements Required Actual Required Actual Risk-based capital $ 1,217,930 $ 3,508,138 $ 1,091,337 $ 3,473,695 Total regulatory capital $ 2,570,651 $ 3,508,138 $ 2,400,184 $ 3,473,695 Total regulatory capital-to-assets ratio 4.00% 5.46% 4.00% 5.79% Leverage capital $ 3,213,313 $ 5,262,207 $ 3,000,230 $ 5,210,543 Leverage ratio 5.00% 8.19% 5.00% 8.69%

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in the Components of AOCI	The following table presents a summary of the changes in the components of AOCI. AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI Balance, March 31, 2022 $ 77,479 $ (18,424) $ 59,055 OCI before reclassifications: Net change in unrealized gains (losses) (45,228) — (45,228) Reclassifications from OCI to net income: Pension benefits, net — 329 329 Total other comprehensive income (loss) (45,228) 329 (44,899) Balance, June 30, 2022 $ 32,251 $ (18,095) $ 14,156 Balance, March 31, 2021 $ 210,450 $ (30,523) $ 179,927 OCI before reclassifications: Net change in unrealized gains 4,502 — 4,502 Reclassifications from OCI to net income: Pension benefits, net — 8,995 8,995 Total other comprehensive income 4,502 8,995 13,497 Balance, June 30, 2021 $ 214,952 $ (21,528) $ 193,424 AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI Balance, December 31, 2021 $ 151,942 $ (18,884) $ 133,058 OCI before reclassifications: Net change in unrealized gains (losses) (119,691) — (119,691) Reclassifications from OCI to net income: Pension benefits, net — 789 789 Total other comprehensive income (loss) (119,691) 789 (118,902) Balance, June 30, 2022 $ 32,251 $ (18,095) $ 14,156 Balance, December 31, 2020 $ 136,921 $ (31,519) $ 105,402 OCI before reclassifications: Net change in unrealized gains 78,031 — 78,031 Reclassifications from OCI to net income: Pension benefits, net — 9,991 9,991 Total other comprehensive income 78,031 9,991 88,022 Balance, June 30, 2021 $ 214,952 $ (21,528) $ 193,424

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Financial Performance by Operating Segment	The following table presents our financial performance by operating segment. Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 50,671 $ 13,151 $ 63,822 $ 53,952 $ 3,364 $ 57,316 Provision for (reversal of) credit losses — (38) (38) — (44) (44) Other income (loss) (1,732) 34 (1,698) (9,734) (36) (9,770) Other expenses 22,436 3,767 26,203 24,221 4,216 28,437 Income (loss) before assessments 26,503 9,456 35,959 19,997 (844) 19,153 Affordable Housing Program assessments (credits) 2,677 946 3,623 2,093 (85) 2,008 Net income (loss) $ 23,826 $ 8,510 $ 32,336 $ 17,904 $ (759) $ 17,145 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 103,361 $ 25,045 $ 128,406 $ 128,137 $ 3,700 $ 131,837 Provision for (reversal of) credit losses — (60) (60) — 44 44 Other income (loss) (8,942) (158) (9,100) (22,611) (135) (22,746) Other expenses 44,202 7,395 51,597 48,339 8,228 56,567 Income (loss) before assessments 50,217 17,552 67,769 57,187 (4,707) 52,480 Affordable Housing Program assessments (credits) 5,073 1,755 6,828 5,922 (471) 5,451 Net income (loss) $ 45,144 $ 15,797 $ 60,941 $ 51,265 $ (4,236) $ 47,029
Schedule of Segment Assets by Segment	The following table presents our asset balances by operating segment. By Date Traditional Mortgage Loans Total June 30, 2022 $ 56,536,621 $ 7,729,642 $ 64,266,263 December 31, 2021 52,388,469 7,616,134 60,004,603

Estimated Fair Values (Tables)

Estimated Fair Values (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The following tables present the carrying value and estimated fair value of each of our financial instruments. The total of the estimated fair values does not represent an estimate of our overall market value as a going concern, which would take into account, among other considerations, future business opportunities and the net profitability of assets and liabilities. June 30, 2022 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 59,596 $ 59,596 $ 59,596 $ — $ — $ — Interest-bearing deposits 325,041 325,041 325,000 41 — — Securities purchased under agreements to resell 4,500,000 4,500,000 — 4,500,000 — — Federal funds sold 2,496,000 2,496,000 — 2,496,000 — — Trading securities 4,039,407 4,039,407 — 4,039,407 — — AFS securities 10,196,572 10,196,572 — 10,196,572 — — HTM securities 3,877,299 3,821,942 — 3,821,942 — — Advances 30,507,462 30,354,762 — 30,354,762 — — Mortgage loans held for portfolio, net 7,729,642 7,213,065 — 7,199,864 13,201 — Accrued interest receivable 96,937 96,937 — 96,937 — — Derivative assets, net 325,848 325,848 — 497,510 — (171,662) Grantor trust assets (2) 52,400 52,400 52,400 — — — Liabilities: Deposits 907,525 907,525 — 907,525 — — Consolidated obligations: Discount notes 19,587,260 19,579,547 — 19,579,547 — — Bonds 39,462,365 38,768,013 — 38,768,013 — — Accrued interest payable 124,999 124,999 — 124,999 — — Derivative liabilities, net 13,569 13,569 — 1,557,214 — (1,543,645) MRCS 45,583 45,583 45,583 — — — December 31, 2021 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 867,880 $ 867,880 $ 867,880 $ — $ — $ — Interest-bearing deposits 100,041 100,041 100,000 41 — — Securities purchased under agreements to resell 3,500,000 3,500,000 — 3,500,000 — — Federal funds sold 2,580,000 2,580,000 — 2,580,000 — — Trading securities 3,946,799 3,946,799 — 3,946,799 — — AFS securities 9,159,935 9,159,935 — 9,159,935 — — HTM securities 4,313,773 4,322,157 — 4,322,157 — — Advances 27,497,835 27,462,295 — 27,462,295 — — Mortgage loans held for portfolio, net 7,616,134 7,810,378 — 7,787,334 23,044 — Accrued interest receivable 80,758 80,758 — 80,758 — — Derivative assets, net 220,202 220,202 — 106,926 — 113,276 Grantor trust assets (2) 62,640 62,640 62,640 — — — Liabilities: Deposits 1,366,397 1,366,397 — 1,366,397 — — Consolidated obligations: Discount notes 12,116,358 12,115,318 — 12,115,318 — — Bonds 42,361,572 42,643,536 — 42,643,536 — — Accrued interest payable 88,068 88,068 — 88,068 — — Derivative liabilities, net 12,185 12,185 — 413,776 — (401,591) MRCS 50,422 50,422 50,422 — — — (1) Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed with the same clearing agent and/or counterparty.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis	The following tables present, by level within the fair value hierarchy, the estimated fair value of our financial assets and liabilities that are recorded at estimated fair value on a recurring or non-recurring basis on our statement of condition. Netting June 30, 2022 Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 4,039,407 $ — $ 4,039,407 $ — $ — Total trading securities 4,039,407 — 4,039,407 — — AFS securities: U.S. Treasury obligations 2,105,878 — 2,105,878 — — GSE and TVA debentures 2,086,063 — 2,086,063 — — GSE multifamily MBS 6,004,631 — 6,004,631 — — Total AFS securities 10,196,572 — 10,196,572 — — Derivative assets: Interest-rate related 325,740 — 497,402 — (171,662) MDCs 108 — 108 — — Total derivative assets, net 325,848 — 497,510 — (171,662) Other assets: Grantor trust assets 52,400 52,400 — — — Total assets at recurring estimated fair value $ 14,614,227 $ 52,400 $ 14,733,489 $ — $ (171,662) Derivative liabilities: Interest-rate related $ 13,524 $ — $ 1,557,169 $ — $ (1,543,645) MDCs 45 — 45 — — Total derivative liabilities, net 13,569 — 1,557,214 — (1,543,645) Total liabilities at recurring estimated fair value $ 13,569 $ — $ 1,557,214 $ — $ (1,543,645) Mortgage loans held for portfolio (2) $ 970 $ — $ — $ 970 $ — Total assets at non-recurring estimated fair value $ 970 $ — $ — $ 970 $ — Netting December 31, 2021 Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 3,946,799 $ — $ 3,946,799 $ — $ — Total trading securities 3,946,799 — 3,946,799 — — AFS securities: GSE and TVA debentures 2,697,116 — 2,697,116 — — GSE MBS 6,462,819 — 6,462,819 — — Total AFS securities 9,159,935 — 9,159,935 — — Derivative assets: Interest-rate related 220,157 — 106,881 — 113,276 MDCs 45 — 45 — — Total derivative assets, net 220,202 — 106,926 — 113,276 Other assets: Grantor trust assets 62,640 62,640 — — — Total assets at recurring estimated fair value $ 13,389,576 $ 62,640 $ 13,213,660 $ — $ 113,276 Derivative liabilities: Interest-rate related $ 12,080 $ — $ 413,671 $ — $ (401,591) MDCs 105 — 105 — — Total derivative liabilities, net 12,185 — 413,776 — (401,591) Total liabilities at recurring estimated fair value $ 12,185 $ — $ 413,776 $ — $ (401,591) Mortgage loans held for portfolio (2) $ 1,141 $ — $ — $ 1,141 $ — Total assets at non-recurring estimated fair value $ 1,141 $ — $ — $ 1,141 $ — (1) Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed with the same clearing agent and/or counterparty. (2) Amounts are as of the date the most recent fair-value adjustment was recorded.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Off-Balance Sheet Commitments	The following table presents our off-balance-sheet commitments at their notional amounts. June 30, 2022 Type of Commitment Expire within one year Expire after one year Total Standby letters of credit outstanding $ 48,363 $ 616,213 $ 664,576 Unused lines of credit (1) 906,668 — 906,668 Commitments to fund additional advances (2) 68,000 — 68,000 Commitments to fund or purchase mortgage loans, net (3) 31,325 — 31,325 Unsettled CO bonds, at par 43,800 — 43,800 Unsettled discount notes, at par 424,000 — 424,000 (1) Maximum line of credit amount per member is $100,000. (2) Generally for periods up to six months. (3) Generally for periods up to 91 days.

Related Party and Other Trans_2

Related Party and Other Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Directors' Financial institutions Activity	The following table presents our transactions with directors' financial institutions, taking into account the beginning and ending dates of the directors' terms, merger activity and other changes in the composition of directors' financial institutions. Transactions with Directors' Financial Institutions Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net capital stock issuances (redemptions and repurchases) $ 3,437 $ — $ (46,983) $ — Net advances (repayments) 3,034,988 (993,987) 1,234,703 (2,043,264) Mortgage loan purchases 4,025 16,745 12,747 29,622
Outstanding Balances with Respect to Transactions with Related Parties	The following table presents the aggregate balances of capital stock and advances outstanding for directors' financial institutions and their balances as a percent of the total balances on our statement of condition. June 30, 2022 December 31, 2021 Balances with Directors' Financial Institutions Par value % of Total Par value % of Total Capital stock $ 381,061 17 % $ 440,949 19 % Advances 4,695,040 16 % 3,854,856 14 %

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
HTM securities allowance for credit loss	$ 0	$ 0

Investments - Trading Securitie

Investments - Trading Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Total trading securities at estimated fair value	$ 4,039,407		$ 4,039,407		$ 3,946,799
Debt Securities, Trading, Gain (Loss) [Abstract]
Net gains (losses) on trading securities held at period end	(13,740)	$ (12,637)	(34,831)	$ (23,275)
Net gains (losses) on trading securities that matured/sold during the period	(480)	(1,094)	(3,584)	(4,084)
Net gains (losses) on trading securities	(14,220)	$ (13,731)	(38,415)	$ (27,359)
U.S. Treasury obligations
Debt and Equity Securities, FV-NI [Line Items]
Total trading securities at estimated fair value	$ 4,039,407		$ 4,039,407		$ 3,946,799

Investments - AFS Securities -

Investments - AFS Securities - Major Security Types (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 10,164,321	$ 9,007,993
Gross Unrealized Gains	59,981	155,513
Gross Unrealized Losses	(27,730)	(3,571)
Estimated Fair Value	10,196,572	9,159,935
Unamortized premium (discount)	(150,580)	14,344
Applicable fair value hedging-basis adjustment	(576,995)	206,199
Accrued interest receivable	35,316	32,127
U.S. Treasury obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,110,103
Gross Unrealized Gains	0
Gross Unrealized Losses	(4,225)
Estimated Fair Value	2,105,878
GSE and TVA debentures
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,061,550	2,651,571
Gross Unrealized Gains	24,514	45,557
Gross Unrealized Losses	(1)	(12)
Estimated Fair Value	2,086,063	2,697,116
GSE multifamily MBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,992,668	6,356,422
Gross Unrealized Gains	35,467	109,956
Gross Unrealized Losses	(23,504)	(3,559)
Estimated Fair Value	$ 6,004,631	$ 6,462,819

Investments - AFS Securities _2

Investments - AFS Securities - Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	$ 4,617,104	$ 634,160
Less than 12 Months, Unrealized Losses	(25,506)	(3,571)
12 Months or More, Estimated Fair Value	105,536	0
12 Months or More, Unrealized Losses	(2,224)	0
Total Estimated Fair Value	4,722,640	634,160
Total Unrealized Losses	(27,730)	(3,571)
U.S. Treasury obligations
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	2,105,878
Less than 12 Months, Unrealized Losses	(4,225)
12 Months or More, Estimated Fair Value	0
12 Months or More, Unrealized Losses	0
Total Estimated Fair Value	2,105,878
Total Unrealized Losses	(4,225)
GSE and TVA debentures
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	15,000	250,145
Less than 12 Months, Unrealized Losses	(1)	(12)
12 Months or More, Estimated Fair Value	0	0
12 Months or More, Unrealized Losses	0	0
Total Estimated Fair Value	15,000	250,145
Total Unrealized Losses	(1)	(12)
GSE multifamily MBS
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	2,496,226	384,015
Less than 12 Months, Unrealized Losses	(21,280)	(3,559)
12 Months or More, Estimated Fair Value	105,536	0
12 Months or More, Unrealized Losses	(2,224)	0
Total Estimated Fair Value	2,601,762	384,015
Total Unrealized Losses	$ (23,504)	$ (3,559)

Investments - AFS Securities _3

Investments - AFS Securities - Redemption Terms (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Amortized Cost
Amortized Cost	$ 10,164,321	$ 9,007,993
Fair value	10,196,572	9,159,935
Available for Sale Securities Other Than MBS and ABS
Amortized Cost
Due in 1 year or less	250,957	581,801
Due after 1 through 5 years	1,566,089	1,494,109
Due after 5 through 10 years	2,354,607	575,661
Amortized Cost	4,171,653	2,651,571
Due in 1 year or less, Fair value	251,579	582,240
Due in 1 year through 5 years, Fair value	1,586,412	1,523,600
Due in 5 years through 10 years, Fair value	2,353,950	591,276
Fair value	4,191,941	2,697,116
Mortgage Backed Securities
Amortized Cost
Total MBS, Amortized cost	5,992,668	6,356,422
Total MBS, Fair value	$ 6,004,631	$ 6,462,819

Investments - HTM Narrative (De

Investments - HTM Narrative (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
AFS and HTM securities, based on amortized cost, rated single-A or above (percent)	100%	100%
AFS securities allowance for credit loss	$ 0	$ 0
HTM securities allowance for credit loss	$ 0	$ 0

Investments - HTM Securities -

Investments - HTM Securities - Major Security Types (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	[1]	$ 3,877,299	$ 4,313,773
Gross Unrecognized Holding Gains		1,854	22,587
Gross Unrecognized Holding Losses		(57,211)	(14,203)
Estimated fair value		3,821,942	4,322,157
Unamortized premium, net		29,144	28,440
Residential Mortgage Backed Securities Other US Obligations
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		2,521,513	2,626,143
Gross Unrecognized Holding Gains		152	7,384
Gross Unrecognized Holding Losses		(35,792)	(9,238)
Estimated fair value		2,485,873	2,624,289
GSE multifamily | Single Family
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		722,385	815,924
Gross Unrecognized Holding Gains		1,697	14,424
Gross Unrecognized Holding Losses		(20,401)	(4,773)
Estimated fair value		703,681	825,575
GSE multifamily | Multifamily
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		633,401	871,706
Gross Unrecognized Holding Gains		5	779
Gross Unrecognized Holding Losses		(1,018)	(192)
Estimated fair value		$ 632,388	$ 872,293
[1] Carrying value equals amortized cost, which includes adjustments made to the cost basis for purchase discount or premium and related accretion or amortization. Net unamortized premium at June 30, 2022 and December 31, 2021 to tale d $29,144 and $28,440, respectively.

Advances - Advances by Year of

Advances - Advances by Year of Contractual Maturity (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Year of Contractual Maturity, Amount
Overdrawn demand and overnight deposit accounts		$ 98,456	$ 0
Due in 1 year or less		13,371,345	7,863,703
Due after 1 through 2 years		3,736,129	2,684,996
Due after 2 through 3 years		2,384,761	3,536,759
Due after 3 through 4 years		2,563,139	2,931,260
Due after 4 through 5 years		1,822,975	1,908,432
Thereafter		6,867,716	8,384,458
Total advances, par value		$ 30,844,521	$ 27,309,608
Year of Contractual Maturity, WAIR %
Overdrawn demand and overnight deposit accounts		3.90%	0%
Due in 1 year or less		1.44%	0.59%
Due after 1 through 2 years		2.21%	2.02%
Due after 2 through 3 years		1.70%	1.35%
Due after 3 through 4 years		1.82%	1.29%
Due after 4 through 5 years		1.79%	1.34%
Thereafter		1.52%	0.82%
Total advances, par value		1.63%	1.03%
Fair-value hedging basis adjustments, net		$ (344,955)	$ 179,115
Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees		7,896	9,112
Total Advances	[1]	30,507,462	27,497,835
Accrued interest		$ 18,542	$ 13,075
[1]Carrying value equals amortized cost, which excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $18,542 and $13,075, respectively.

Advances - Advances Outstanding

Advances - Advances Outstanding Earlier of Contractual Maturity or Next Call Date and Year of Contractual Maturity or Next Put Date (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances, Earlier of Contractual Maturity or Next Call Date, Rolling Year, Par Value [Abstract]
Overdrawn demand and overnight deposit accounts	$ 98,456	$ 0
Due in 1 year or less	18,134,158	12,547,866
Due after 1 through 2 years	2,494,629	2,578,396
Due after 2 through 3 years	2,011,211	2,127,759
Due after 3 through 4 years	1,579,789	1,997,060
Due after 4 through 5 years	1,460,800	1,530,307
Thereafter	5,065,478	6,528,220
Federal Home Loan Bank, Advances, Earlier of Contractual Maturity or Next Put or Convert Date, Rolling Year, Par Value [Abstract]
Overdrawn demand and overnight deposit accounts	98,456	0
Due in 1 year or less	16,934,750	13,452,703
Due after 1 through 2 years	4,138,129	3,090,101
Due after 2 through 3 years	2,770,661	3,636,259
Due after 3 through 4 years	2,563,139	3,007,160
Due after 4 through 5 years	1,509,875	1,485,332
Thereafter	2,829,511	2,638,053
Total advances, par value	$ 30,844,521	$ 27,309,608

Advances - Narrative (Details)

Advances - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Advances [Abstract]
Percent of advances par value held by top five borrowers	47%		43%
Provision for credit loss	$ 0	$ 0

Mortgage Loans Held for Portf_3

Mortgage Loans Held for Portfolio Mortgage Loans (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Unamortized premiums				$ 181,172
Unamortized discounts				(2,389)
Hedging basis adjustments, net				3,157
Total				7,616,334
Loans and Leases Receivable, Net Amount, Total		$ 7,729,642		7,616,134	[1]
Accrued interest		18,542		13,075
Real Estate Loan
Loans and Leases Receivable Disclosure [Line Items]
Accrued interest		29,062		27,977
Residential Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		7,564,627		7,434,394
Unamortized premiums		175,372
Unamortized discounts		(5,687)
Hedging basis adjustments, net		(4,470)
Total		7,729,842
Allowance for credit losses		(200)		(200)
Loans and Leases Receivable, Net Amount, Total	[1]	7,729,642
Residential Portfolio Segment | Government-guaranteed or -insured
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		160,056		180,338
Fixed-rate long-term mortgages
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		6,633,317		6,417,543
Loans Receivable With Fixed Rates Of Interest Medium Term
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held	[2]	$ 931,310		1,016,851
Loans Receivable With Fixed Rates Of Interest Medium Term | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Origination term		15 years
Conventional
Loans and Leases Receivable Disclosure [Line Items]
Total		$ 7,567,994		7,433,898
Conventional | Residential Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		7,404,571		7,254,056
Allowance for credit losses		$ (200)	$ (200)	$ (200)		$ (325)	$ (350)	$ (350)
[1]Excludes accrued interest receivable at June 30, 2022 and December 31, 2021 of $29,062 and $27,977, respectively.[2]Defined as a term of 15 years or less at origination.

Mortgage Loans Held for Portf_4

Mortgage Loans Held for Portfolio - Credit Quality Indicators (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total			$ 7,616,334
In process of foreclosure	[1]	$ 3,368	1,999
Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Total		7,729,842
Past due 90 days or more still accruing interest	[2]	12,781	17,089
On non-accrual status	[3]	$ 10,788	$ 23,487
90 days or more | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Serious delinquency rate (in percent)	[4]	0.23%	0.41%
Government
Financing Receivable, Past Due [Line Items]
In process of foreclosure	[1]	$ 0	$ 0
Government | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Past due 90 days or more still accruing interest	[2]	1,483	1,364
On non-accrual status	[3]	$ 0	$ 0
Government | 90 days or more | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Serious delinquency rate (in percent)	[4]	1.05%	0.86%
Conventional
Financing Receivable, Past Due [Line Items]
Mortgages originated more than 5 years prior to current fiscal year		$ 2,647,322	$ 2,487,162
Mortgages originated in current fiscal year and preceding 4 fiscal years		4,920,672	4,946,736
Total		7,567,994	7,433,898
In process of foreclosure	[1]	3,368	1,999
Conventional | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Past due 90 days or more still accruing interest	[2]	11,298	15,725
On non-accrual status	[3]	10,788	23,487
On non-accrual status with no associated allowance for credit losses		3,721	11,701
Conventional | 30-59 days
Financing Receivable, Past Due [Line Items]
Mortgages originated more than 5 years prior to current fiscal year		17,062	16,968
Mortgages originated in current fiscal year and preceding 4 fiscal years		9,822	12,662
Total		26,884	29,630
Conventional | 60-89 days
Financing Receivable, Past Due [Line Items]
Mortgages originated more than 5 years prior to current fiscal year		2,628	4,175
Mortgages originated in current fiscal year and preceding 4 fiscal years		1,055	1,767
Total		3,683	5,942
Conventional | 90 days or more
Financing Receivable, Past Due [Line Items]
Mortgages originated more than 5 years prior to current fiscal year		14,450	18,599
Mortgages originated in current fiscal year and preceding 4 fiscal years		1,630	11,206
Total		$ 16,080	$ 29,805
Conventional | 90 days or more | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Serious delinquency rate (in percent)	[4]	0.21%	0.40%
Conventional | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Mortgages originated more than 5 years prior to current fiscal year		$ 34,140	$ 39,742
Mortgages originated in current fiscal year and preceding 4 fiscal years		12,507	25,635
Total		46,647	65,377
Conventional | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Mortgages originated more than 5 years prior to current fiscal year		2,613,182	2,447,420
Mortgages originated in current fiscal year and preceding 4 fiscal years		4,908,165	4,921,101
Total		$ 7,521,347	$ 7,368,521
[1]Includes loans for which the decision of foreclosure or similar alternative, such as pursuit of deed-in-lieu of foreclosure, has been reported. Loans in process of foreclosure are included in past due categories depending on their delinquency status, but are not necessarily considered to be on non-accrual status.[2]Although our past due scheduled/scheduled MPP loans are classified as loans past due 90 days or more based on the loan's delinquency status, we do not consider these loans to be on non-accrual status as they are well-secured and in the process of collection.[3]As of June 30, 2022 and December 31, 2021, $3,721 and $11,701, respectively, of UPB of these conventional mortgage loans on non-accrual status did not have a related 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, exceeded the amortized cost of the loans.[4]Represents loans 90 days or more past due (including loans in process of foreclosure) expressed as a percentage of the total mortgage loans.

Mortgage Loans Held for Portf_5

Mortgage Loans Held for Portfolio - Rollforward (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Rollforward of Allowance
Provision for (reversal of) credit losses		$ (38)	$ (44)	$ (60)	$ 44
Residential Portfolio Segment
Rollforward of Allowance
Balance, beginning of period				200
Balance, end of period		200		200
Conventional | Residential Portfolio Segment
Rollforward of Allowance
Balance, beginning of period		200	350	200	350
Charge-offs	[1]	7	0	7	(92)
Recoveries		31	19	53	23
Provision for (reversal of) credit losses		(38)	(44)	(60)	44
Balance, end of period		$ 200	$ 325	$ 200	$ 325
[1]Includes receipts of LRA funds on certain loans that are recorded as reversals of previous charge-offs

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Derivative Notional Amounts (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		$ 64,955,161	$ 55,810,575
Estimated fair value of derivative assets		497,510	106,926
Estimated fair value of derivative liabilities		1,557,214	413,776
Netting adjustments and cash collateral, derivative asset	[1],[2]	(171,662)	113,276
Netting adjustments and cash collateral, derivative liability	[1],[2]	(1,543,645)	(401,591)
Total derivatives, net, at estimated fair value		325,848	220,202
Total derivatives, net, at estimated fair value		13,569	12,185
Cash collateral pledged to counterparties		1,511,166	515,761
Cash collateral received from counterparties		139,183	894
Securities pledged as collateral		0	0
Derivatives designated as hedging instruments | Interest-rate swaps
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		55,010,636	46,395,451
Estimated fair value of derivative assets		493,855	105,446
Estimated fair value of derivative liabilities		1,555,740	413,324
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		9,944,525	9,415,124
Estimated fair value of derivative assets		3,655	1,480
Estimated fair value of derivative liabilities		1,474	452
Derivatives not designated as hedging instruments | Interest-rate swaps
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		9,270,000	8,595,000
Estimated fair value of derivative assets		1,987	357
Estimated fair value of derivative liabilities		1,363	148
Derivatives not designated as hedging instruments | Interest-rate caps/floors
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		611,000	625,500
Estimated fair value of derivative assets		1,208	1,077
Estimated fair value of derivative liabilities		0	0
Derivatives not designated as hedging instruments | Interest-rate forwards
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		32,200	98,200
Estimated fair value of derivative assets		352	1
Estimated fair value of derivative liabilities		66	199
MDCs | Derivatives not designated as hedging instruments | Interest-rate forwards
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		31,325	96,424
Estimated fair value of derivative assets		108	45
Estimated fair value of derivative liabilities		$ 45	$ 105
[1] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed, with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2022 and December 31, 2021, including accrued interest, totaled $1,511,166 and $515,761, respectively. Cash collateral received from counterparties and held at both June 30, 2022 and December 31, 2021, including accrued interest, totaled $139,183 and $894, respectively. At June 30, 2022 and December 31, 2021, no securities were pledged as collateral.

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities Offsetting of Derivative Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Derivative Assets
Gross recognized amount		$ 497,050	$ 106,880
Gross amounts of netting adjustments and cash collateral	[1],[2]	(171,662)	113,276
Net amounts after netting adjustments and cash collateral		325,388	220,156
Derivative instruments not meeting netting requirements	[3]	460	46
Derivative assets, net		325,848	220,202
Derivative Liabilities
Gross recognized amount		1,557,103	413,472
Gross amounts of netting adjustments and cash collateral	[1],[2]	(1,543,645)	(401,591)
Net amounts after netting adjustments and cash collateral		13,458	11,881
Derivative instruments not meeting netting requirements	[3]	111	304
Derivative liabilities, net (Note 6)		13,569	12,185
Uncleared
Derivative Assets
Gross recognized amount		493,033	105,667
Gross amounts of netting adjustments and cash collateral		(408,142)	(105,417)
Net amounts after netting adjustments and cash collateral		84,891	250
Derivative Liabilities
Gross recognized amount		1,482,271	411,886
Gross amounts of netting adjustments and cash collateral		(1,468,813)	(400,005)
Net amounts after netting adjustments and cash collateral		13,458	11,881
Cleared
Derivative Assets
Gross recognized amount		4,017	1,213
Gross amounts of netting adjustments and cash collateral		236,480	218,693
Net amounts after netting adjustments and cash collateral		240,497	219,906
Derivative Liabilities
Gross recognized amount		74,832	1,586
Gross amounts of netting adjustments and cash collateral		(74,832)	(1,586)
Net amounts after netting adjustments and cash collateral		$ 0	$ 0
[1] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed, with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2022 and December 31, 2021, including accrued interest, totaled $1,511,166 and $515,761, respectively. Cash collateral received from counterparties and held at both June 30, 2022 and December 31, 2021, including accrued interest, totaled $139,183 and $894, respectively. At June 30, 2022 and December 31, 2021, no securities were pledged as collateral.

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Derivatives in Statement of Income and Impact on Interest) (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2022		Jun. 30, 2021		Jun. 30, 2022		Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Total interest income (expense) recorded in the Statement of Income		$ 63,822		$ 57,316		$ 128,406		$ 131,837
Change in estimated fair value of hedged items (attributable to risk being hedged)		134,151		57,142		501,499		(374,858)
Amortization of net losses on active and discontinued fair value hedging relationships		(17,066)		(3,959)		(33,748)		(8,583)
Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Change in estimated fair value of derivatives		(141,004)		(62,754)		(506,306)		387,834
Price alignment interest		(1,131)		7		(1,179)		49
Interest Income (Expense), Net
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[1]	742		(52,489)		(10,488)		(118,435)
Net gains (losses) on derivatives		(142,135)	[2]	(62,747)	[3]	(507,485)	[3]	387,883	[3]
Net gains (losses) on hedged items	[4]	117,085		53,183		467,751		(383,441)
Net changes in fair value before price alignment interest		(24,308)		(62,053)		(50,222)		(113,993)
Total interest income (expense) recorded in the Statement of Income	[5]	6,933		(3,315)		12,720		8,834
Advances | Interest Income | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[1]	(18,870)		(46,173)		(59,024)		(91,892)
Net gains (losses) on derivatives		141,937	[2]	(12,098)	[3]	498,571	[3]	234,784	[3]
Net gains (losses) on hedged items	[4]	(147,671)		10,494		(500,575)		(233,031)
Net changes in fair value before price alignment interest		(24,604)		(47,777)		(61,028)		(90,139)
Total interest income (expense) recorded in the Statement of Income	[5]	67,562		28,175		102,603		64,284
AFS Securities | Interest Income | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[1]	(11,663)		(28,327)		(34,128)		(60,780)
Net gains (losses) on derivatives		106,280	[2]	(87,731)	[3]	284,010	[3]	234,210	[3]
Net gains (losses) on hedged items	[4]	(122,790)		81,883		(314,279)		(234,631)
Net changes in fair value before price alignment interest		(28,173)		(34,175)		(64,397)		(61,201)
Total interest income (expense) recorded in the Statement of Income	[5]	38,563		21,184		61,008		51,020
Unsettled CO bonds, at par | Interest Expense | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[1]	31,275		22,011		82,664		34,237
Net gains (losses) on derivatives		(390,352)	[2]	37,082	[3]	(1,290,066)	[3]	(81,111)	[3]
Net gains (losses) on hedged items	[4]	387,546		(39,194)		1,282,605		84,221
Net changes in fair value before price alignment interest		28,469		19,899		75,203		37,347
Total interest income (expense) recorded in the Statement of Income	[5]	$ (99,192)		$ (52,674)		$ (150,891)		$ (106,470)
[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]Includes effective and ineffective fair-value hedging relationships. Excludes any offsetting effect of the net estimated fair value of the associated derivatives.[3]Includes for the three months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $(141,004) and $(62,754), respectively, and price alignment interest of $(1,131) and $7, respectively. Includes for the six months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $(506,306) and $387,834, respectively, and price alignment interest of $(1,179) and $49, respectively.[4]    Includes for the three months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $134,151 and $57,142, respectively, and amortization of net losses on ineffective and discontinued fair-value hedging relationships of $(17,066) and $(3,959), respectively. Includes for the six months ended June 30, 2022 and 2021, increases (decreases) in estimated fair value totaling $501,499 and $(374,858), respectively, and amortization of net losses on ineffective and discontinued fair-value hedging relationships of $(33,748) and $(8,583), respectively.[5]For advances, AFS securities and CO bonds only.

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities Derivatives Reported in Other Income (Loss) (Details) - Economic Hedge - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		$ 17,203	$ 186	$ 37,197	$ (652)
Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		16,413	4,083	38,463	8,194
Interest-rate caps/floors
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		(42)	(528)	131	(396)
Interest-rate forwards
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		1,768	(1,344)	7,026	2,812
Net interest rate settlements
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income	[1]	881	(3,285)	(1,137)	(8,238)
MDCs
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		$ (1,817)	$ 1,260	$ (7,286)	$ (3,024)
[1]Relates to derivatives that are not in qualifying fair-value hedging relationships. The interest income/expense of the associated hedged items is recorded in net interest income.

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities Cumulative Basis Adjustments for Fair Value Hedges (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Advances
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost of hedged items	[1]	$ 16,303,974	$ 17,374,515
For active fair-value hedging relationships	[2]	(345,091)	178,543
For discontinued fair-value hedging relationships		136	572
Total cumulative fair-value hedging basis adjustments on hedged items		(344,955)	179,115
AFS Securities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost of hedged items	[1]	10,164,322	9,007,993
For active fair-value hedging relationships	[2]	(934,237)	(184,724)
For discontinued fair-value hedging relationships		357,242	390,923
Total cumulative fair-value hedging basis adjustments on hedged items		(576,995)	206,199
Unsettled CO bonds, at par
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost of hedged items	[1]	26,730,944	20,902,714
For active fair-value hedging relationships	[2]	(1,530,303)	(247,699)
For discontinued fair-value hedging relationships		0	0
Total cumulative fair-value hedging basis adjustments on hedged items		$ (1,530,303)	$ (247,699)
[1]Includes the amortized cost of the hedged items in active or discontinued fair-value hedging relationships.[2]Includes effective and ineffective fair-value hedging relationships. Excludes any offsetting effect of the net estimated fair value of the associated derivatives.

Consolidated Obligations (Detai

Consolidated Obligations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Schedule of Short-term and Long-term Debt [Line Items]
FHLB system outstanding consolidated obligations	$ 882,500,000	$ 652,900,000
Discount notes maturity period	1 year
Discount Notes
Book value	$ 19,587,260	12,116,358
CO Bonds [Abstract]
Total CO bonds, par value	40,950,390	42,550,250
Total CO bonds	39,462,365	42,361,572
Year of Contractual Maturity or Next Call Date
CO Bonds [Abstract]
Due in 1 year or less, amount	35,829,035	36,028,850
Due after 1 year through 2 years, amount	1,374,625	3,122,510
Due after 2 years through 3 years, amount	997,090	586,550
Due after 3 years through 4 years, amount	745,500	577,300
Due after 4 years through 5 years, amount	248,320	415,100
Thereafter, amount	1,755,820	1,819,940
Total CO bonds, par value	40,950,390	42,550,250
Unsettled CO bonds, at par
CO Bonds [Abstract]
Due in 1 year or less, amount	8,949,535	14,357,350
Due after 1 year through 2 years, amount	3,556,625	2,965,510
Due after 2 years through 3 years, amount	9,827,090	5,797,550
Due after 3 years through 4 years, amount	4,878,500	3,947,300
Due after 4 years through 5 years, amount	5,039,820	6,587,600
Thereafter, amount	8,698,820	8,894,940
Total CO bonds, par value	40,950,390	42,550,250
Unamortized premiums	60,418	77,035
Unamortized discounts	(10,819)	(11,268)
Unamortized concessions	(7,321)	(6,746)
Fair-value hedging basis adjustments, net	$ (1,530,303)	$ (247,699)
Due in 1 year or less, WAIR %	1.52%	0.29%
Due after 1 year through 2 years, WAIR %	1.49%	1.02%
Due after 2 years through 3 years, WAIR %	1.09%	0.76%
Due after 3 years through 4 years, WAIR %	1.26%	0.83%
Due after 4 years through 5 years, WAIR %	1.36%	1.14%
Thereafter, WAIR %	2.20%	2.09%
Total CO bonds, par value, WAIR %	1.51%	0.96%
Short-term Debt
Discount Notes
Book value	$ 19,587,260	$ 12,116,358
Weighted average effective interest rate	1.17%	0.05%
CO Bonds [Abstract]
Total CO bonds, par value	$ 19,617,332	$ 12,117,846
Non-callable / non-putable
CO Bonds [Abstract]
Total CO bonds, par value	11,740,890	20,346,750
Callable
CO Bonds [Abstract]
Total CO bonds, par value	$ 29,209,500	$ 22,203,500

Consolidated Obligations Intere

Consolidated Obligations Interest-rate Payment Terms (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total CO bonds, par value	$ 40,950,390	$ 42,550,250
Fixed-rate
Debt Instrument [Line Items]
Total CO bonds, par value	34,548,390	36,717,750
Step-up
Debt Instrument [Line Items]
Total CO bonds, par value	2,233,500	898,500
Simple variable-rate
Debt Instrument [Line Items]
Total CO bonds, par value	$ 4,168,500	$ 4,934,000

Affordable Housing Program (Det

Affordable Housing Program (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Affordable Housing Program Funding Obligation [Roll Forward]
Balance at beginning of period		$ 31,937	$ 35,690	$ 31,049	$ 34,402
Assessment (expense)		3,623	2,008	6,828	5,451
Subsidy usage, net	[1]	(6,607)	(6,933)	(8,924)	(9,088)
Balance at end of period		$ 28,953	$ 30,765	$ 28,953	$ 30,765
[1]Subsidies disbursed are reported net of returns/recaptures of previously disbursed subsidies.

Capital - Class B Shares (Detai

Capital - Class B Shares (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Class B issued and outstanding	$ 2,250,835	$ 2,246,201
Class B
Class of Stock [Line Items]
Class B issued and outstanding	2,250,835	2,246,201
Class B-1
Class of Stock [Line Items]
Class B issued and outstanding	765,075	931,517
Class B-2
Class of Stock [Line Items]
Class B issued and outstanding	$ 1,485,760	$ 1,314,684

Capital - Mandatorily Redeemabl

Capital - Mandatorily Redeemable Capital Stock (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022 USD ($) capital_requirement	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) capital_requirement	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Banking Regulation, Total Capital [Abstract]
Redemption period				5 years
Mandatorily Redeemable Capital Stock Activity [Roll Forward]
Liability at beginning of period		$ 45,591	$ 232,695	$ 50,422	$ 250,768
Reclassification from capital stock		0	281	0	281
Redemptions/repurchases		(8)	(83)	(4,839)	(18,156)
Liability at end of period		45,583	232,893	45,583	232,893
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount [Abstract]
Past contractual redemption date	[1]	560		560		$ 577
Year 1	[2]	12,298		12,298		11,835
Year 2		868		868		471
Year 3		12,124		12,124		9,873
Year 4		16,059		16,059		23,218
Year 5		3,674		3,674		4,448
Total MRCS		45,583	232,893	45,583	232,893	50,422
Outstanding Class B stock held by captive insurer		11,835		11,835		11,835
Recorded as interest expense		269	929	514	2,033
Recorded as distributions from retained earnings		0	1	0	84
Total		$ 269	$ 930	$ 514	$ 2,117
Regulatory Capital Requirements
Number of regulatory capital requirements | capital_requirement		3		3
Risk-based capital, required		$ 1,217,930		$ 1,217,930		1,091,337
Risk-based capital, actual		3,508,138		3,508,138		3,473,695
Regulatory capital, required		2,570,651		2,570,651		2,400,184
Regulatory capital, actual		$ 3,508,138		$ 3,508,138		$ 3,473,695
Regulatory permanent capital-to-asset ratio, required		4%		4%		4%
Regulatory permanent capital-to-asset ratio, actual		5.46%		5.46%		5.79%
Leverage capital, required		$ 3,213,313		$ 3,213,313		$ 3,000,230
Leverage capital, actual		$ 5,262,207		$ 5,262,207		$ 5,210,543
Leverage ratio, required		5%		5%		5%
Leverage ratio, actual		8.19%		8.19%		8.69%
[1]Balance represents Class B stock that will not be redeemed until the associated credit products and other obligations are no longer outstanding.[2]Balance at June 30, 2022 and December 31, 2021 includes $11,835 of Class B stock held by one captive insurance company whose membership was terminated on February 19, 2021 but will not be redeemed until the associated credit products and other obligations are no longer outstanding.

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	$ 3,373,270	$ 3,547,376	$ 3,556,331	$ 3,450,302
Total other comprehensive income (loss)	(44,899)	13,497	(118,902)	88,022
Ending Balance	3,476,711	3,583,753	3,476,711	3,583,753
Unrealized Gains (Losses) on AFS Securities
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	77,479	210,450	151,942	136,921
Net change in unrealized gains (losses)	(45,228)	4,502	(119,691)	78,031
Pension benefits, net	0	0	0	0
Total other comprehensive income (loss)	(45,228)	4,502	(119,691)	78,031
Ending Balance	32,251	214,952	32,251	214,952
Pension Benefits
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	(18,424)	(30,523)	(18,884)	(31,519)
Net change in unrealized gains (losses)	0	0	0	0
Pension benefits, net	329	8,995	789	9,991
Total other comprehensive income (loss)	329	8,995	789	9,991
Ending Balance	(18,095)	(21,528)	(18,095)	(21,528)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	59,055	179,927	133,058	105,402
Net change in unrealized gains (losses)	(45,228)	4,502	(119,691)	78,031
Pension benefits, net	329	8,995	789	9,991
Total other comprehensive income (loss)	(44,899)	13,497	(118,902)	88,022
Ending Balance	$ 14,156	$ 193,424	$ 14,156	$ 193,424

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net interest income	$ 63,822	$ 57,316	$ 128,406	$ 131,837
Provision for (reversal of) credit losses	(38)	(44)	(60)	44
Other income (loss)	(1,698)	(9,770)	(9,100)	(22,746)
Other expenses	26,203	28,437	51,597	56,567
Income before assessments	35,959	19,153	67,769	52,480
Affordable Housing Program assessments (credits)	3,623	2,008	6,828	5,451
Net income (loss)	32,336	17,145	60,941	47,029
Assets	64,266,263		64,266,263		$ 60,004,603
Traditional
Segment Reporting Information [Line Items]
Net interest income	50,671	53,952	103,361	128,137
Provision for (reversal of) credit losses	0	0	0	0
Other income (loss)	(1,732)	(9,734)	(8,942)	(22,611)
Other expenses	22,436	24,221	44,202	48,339
Income before assessments	26,503	19,997	50,217	57,187
Affordable Housing Program assessments (credits)	2,677	2,093	5,073	5,922
Net income (loss)	23,826	17,904	45,144	51,265
Assets	56,536,621		56,536,621		52,388,469
Mortgage Loans
Segment Reporting Information [Line Items]
Net interest income	13,151	3,364	25,045	3,700
Provision for (reversal of) credit losses	(38)	(44)	(60)	44
Other income (loss)	34	(36)	(158)	(135)
Other expenses	3,767	4,216	7,395	8,228
Income before assessments	9,456	(844)	17,552	(4,707)
Affordable Housing Program assessments (credits)	946	(85)	1,755	(471)
Net income (loss)	8,510	$ (759)	15,797	$ (4,236)
Assets	$ 7,729,642		$ 7,729,642		$ 7,616,134

Estimated Fair Values - Carryin

Estimated Fair Values - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Assets:
Cash and due from banks		$ 59,596		$ 867,880
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
HTM securities		3,821,942		4,322,157
Accrued interest receivable		96,937		80,758
Derivative assets, net		325,848		220,202
Netting adjustments and cash collateral, derivative asset	[1],[2]	(171,662)		113,276
Consolidated obligations:
Accrued interest payable		124,999		88,068
Derivative liabilities, net		13,569		12,185
Netting adjustments and cash collateral, derivative liability	[1],[2]	(1,543,645)		(401,591)
MRCS		45,583	$ 45,591	50,422	$ 232,893	$ 232,695	$ 250,768
Level 1
Assets:
Cash and due from banks		59,596		867,880
Interest-bearing deposits		325,000		100,000
Securities purchased under agreements to resell		0		0
Federal funds sold		0		0
Trading securities		0		0
AFS securities		0		0
HTM securities		0		0
Advances		0		0
Mortgage loans held for portfolio, net		0		0
Accrued interest receivable		0		0
Derivative assets, net		0		0
Grantor trust assets	[3]	52,400		62,640
Liabilities:
Deposits		0		0
Consolidated obligations:
Accrued interest payable		0		0
Derivative liabilities, net		0		0
MRCS		45,583		50,422
Level 2
Assets:
Cash and due from banks		0		0
Interest-bearing deposits		41		41
Securities purchased under agreements to resell		4,500,000		3,500,000
Federal funds sold		2,496,000		2,580,000
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
HTM securities		3,821,942		4,322,157
Advances		30,354,762		27,462,295
Mortgage loans held for portfolio, net		7,199,864		7,787,334
Accrued interest receivable		96,937		80,758
Derivative assets, net		497,510		106,926
Grantor trust assets	[3]	0		0
Liabilities:
Deposits		907,525		1,366,397
Consolidated obligations:
Accrued interest payable		124,999		88,068
Derivative liabilities, net		1,557,214		413,776
MRCS		0		0
Level 3
Assets:
Cash and due from banks		0		0
Interest-bearing deposits		0		0
Securities purchased under agreements to resell		0		0
Federal funds sold		0		0
Trading securities		0		0
AFS securities		0		0
HTM securities		0		0
Advances		0		0
Mortgage loans held for portfolio, net		13,201		23,044
Accrued interest receivable		0		0
Derivative assets, net		0		0
Grantor trust assets	[3]	0		0
Liabilities:
Deposits		0		0
Consolidated obligations:
Accrued interest payable		0		0
Derivative liabilities, net		0		0
MRCS		0		0
Carrying value
Assets:
Cash and due from banks		59,596		867,880
Interest-bearing deposits		325,041		100,041
Securities purchased under agreements to resell		4,500,000		3,500,000
Federal funds sold		2,496,000		2,580,000
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
HTM securities		3,877,299		4,313,773
Advances		30,507,462		27,497,835
Mortgage loans held for portfolio, net		7,729,642		7,616,134
Accrued interest receivable		96,937		80,758
Derivative assets, net		325,848		220,202
Grantor trust assets	[3]	52,400		62,640
Liabilities:
Deposits		907,525		1,366,397
Consolidated obligations:
Accrued interest payable		124,999		88,068
Derivative liabilities, net		13,569		12,185
MRCS		45,583		50,422
Fair Value
Assets:
Cash and due from banks		59,596		867,880
Interest-bearing deposits		325,041		100,041
Securities purchased under agreements to resell		4,500,000		3,500,000
Federal funds sold		2,496,000		2,580,000
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
HTM securities		3,821,942		4,322,157
Advances		30,354,762		27,462,295
Mortgage loans held for portfolio, net		7,213,065		7,810,378
Accrued interest receivable		96,937		80,758
Derivative assets, net		325,848		220,202
Grantor trust assets	[3]	52,400		62,640
Liabilities:
Deposits		907,525		1,366,397
Consolidated obligations:
Accrued interest payable		124,999		88,068
Derivative liabilities, net		13,569		12,185
MRCS		45,583		50,422
Unsettled discount notes, at par | Level 1
Consolidated obligations:
Discount notes		0		0
Unsettled discount notes, at par | Level 2
Consolidated obligations:
Discount notes		19,579,547		12,115,318
Unsettled discount notes, at par | Level 3
Consolidated obligations:
Discount notes		0		0
Unsettled discount notes, at par | Carrying value
Consolidated obligations:
Discount notes		19,587,260		12,116,358
Unsettled discount notes, at par | Fair Value
Consolidated obligations:
Discount notes		19,579,547		12,115,318
Unsettled CO bonds, at par | Level 1
Consolidated obligations:
Bonds		0		0
Unsettled CO bonds, at par | Level 2
Consolidated obligations:
Bonds		38,768,013		42,643,536
Unsettled CO bonds, at par | Level 3
Consolidated obligations:
Bonds		0		0
Unsettled CO bonds, at par | Carrying value
Consolidated obligations:
Bonds		39,462,365		42,361,572
Unsettled CO bonds, at par | Fair Value
Consolidated obligations:
Bonds		$ 38,768,013		$ 42,643,536
[1] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed, with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2022 and December 31, 2021, including accrued interest, totaled $1,511,166 and $515,761, respectively. Cash collateral received from counterparties and held at both June 30, 2022 and December 31, 2021, including accrued interest, totaled $139,183 and $894, respectively. At June 30, 2022 and December 31, 2021, no securities were pledged as collateral.

Estimated Fair Values - Recurri

Estimated Fair Values - Recurring and Non-Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2022		Dec. 31, 2021
Derivative Asset [Abstract]
Trading securities		$ 4,039,407		$ 3,946,799
AFS securities		10,196,572		9,159,935
Derivative assets, net		325,848		220,202
Netting adjustments and cash collateral, derivative asset	[1],[2]	(171,662)		113,276
Derivative Liability [Abstract]
Derivative liabilities, net		13,569		12,185
Netting adjustments and cash collateral, derivative liability	[1],[2]	(1,543,645)		(401,591)
Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Netting adjustments and cash collateral, derivative asset		(171,662)	[2]	113,276	[3]
Derivative Liability [Abstract]
Netting adjustments and cash collateral, derivative liability		(1,543,645)	[2]	(401,591)	[3]
Fair Value, Measurements, Recurring | Interest-rate related
Derivative Asset [Abstract]
Netting adjustments and cash collateral, derivative asset		(171,662)	[2]	113,276	[3]
Derivative Liability [Abstract]
Netting adjustments and cash collateral, derivative liability		(1,543,645)	[2]	(401,591)	[3]
Level 1
Derivative Asset [Abstract]
Trading securities		0		0
AFS securities		0		0
Derivative assets, net		0		0
Grantor trust assets	[4]	52,400		62,640
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Mortgage loans held for portfolio		0		0
Level 1 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
AFS securities		0		0
Derivative assets, net		0		0
Grantor trust assets		52,400		62,640
Total assets at estimated fair value		52,400		62,640
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Total liabilities at recurring estimated fair value		0		0
Level 1 | Fair Value, Measurements, Recurring | Interest-rate related
Derivative Asset [Abstract]
Derivative assets, net		0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Level 1 | Fair Value, Measurements, Nonrecurring
Derivative Asset [Abstract]
Total assets at estimated fair value		0		0
Derivative Liability [Abstract]
Mortgage loans held for portfolio		0	[5]	0
Level 2
Derivative Asset [Abstract]
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
Derivative assets, net		497,510		106,926
Grantor trust assets	[4]	0		0
Derivative Liability [Abstract]
Derivative liabilities, net		1,557,214		413,776
Mortgage loans held for portfolio		7,199,864		7,787,334
Level 2 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
Derivative assets, net		497,510		106,926
Grantor trust assets		0		0
Total assets at estimated fair value		14,733,489		13,213,660
Derivative Liability [Abstract]
Derivative liabilities, net		1,557,214		413,776
Total liabilities at recurring estimated fair value		1,557,214		413,776
Level 2 | Fair Value, Measurements, Recurring | Interest-rate related
Derivative Asset [Abstract]
Derivative assets, net		497,402		106,881
Derivative Liability [Abstract]
Derivative liabilities, net		1,557,169		413,671
Level 2 | Fair Value, Measurements, Nonrecurring
Derivative Asset [Abstract]
Total assets at estimated fair value		0		0
Derivative Liability [Abstract]
Mortgage loans held for portfolio		0	[5]	0
Level 3
Derivative Asset [Abstract]
Trading securities		0		0
AFS securities		0		0
Derivative assets, net		0		0
Grantor trust assets	[4]	0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Mortgage loans held for portfolio		13,201		23,044
Level 3 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
AFS securities		0		0
Derivative assets, net		0		0
Grantor trust assets		0		0
Total assets at estimated fair value		0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Total liabilities at recurring estimated fair value		0		0
Level 3 | Fair Value, Measurements, Recurring | Interest-rate related
Derivative Asset [Abstract]
Derivative assets, net		0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Level 3 | Fair Value, Measurements, Nonrecurring
Derivative Asset [Abstract]
Total assets at estimated fair value		970		1,141
Derivative Liability [Abstract]
Mortgage loans held for portfolio		970	[5]	1,141
U.S. Treasury obligations
Derivative Asset [Abstract]
Trading securities		4,039,407		3,946,799
U.S. Treasury obligations | Level 1 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
AFS securities		0
U.S. Treasury obligations | Level 2 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		4,039,407		3,946,799
AFS securities		2,105,878
U.S. Treasury obligations | Level 3 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
AFS securities		0
GSE and TVA debentures
Derivative Asset [Abstract]
AFS securities		2,086,063		2,697,116
GSE and TVA debentures | Level 1 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		0		0
GSE and TVA debentures | Level 2 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		2,086,063		2,697,116
GSE and TVA debentures | Level 3 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		0		0
GSE multifamily
Derivative Asset [Abstract]
AFS securities		6,004,631		6,462,819
GSE multifamily | Level 1 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		0		0
GSE multifamily | Level 2 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		6,004,631		6,462,819
GSE multifamily | Level 3 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		0		0
MDCs | Level 1 | Fair Value, Measurements, Recurring | Interest-rate forwards
Derivative Asset [Abstract]
Derivative assets, net		0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
MDCs | Level 2 | Fair Value, Measurements, Recurring | Interest-rate forwards
Derivative Asset [Abstract]
Derivative assets, net		108		45
Derivative Liability [Abstract]
Derivative liabilities, net		45		105
MDCs | Level 3 | Fair Value, Measurements, Recurring | Interest-rate forwards
Derivative Asset [Abstract]
Derivative assets, net		0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Total
Derivative Asset [Abstract]
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
Derivative assets, net		325,848		220,202
Grantor trust assets	[4]	52,400		62,640
Derivative Liability [Abstract]
Derivative liabilities, net		13,569		12,185
Mortgage loans held for portfolio		7,213,065		7,810,378
Total | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		4,039,407		3,946,799
AFS securities		10,196,572		9,159,935
Derivative assets, net		325,848		220,202
Grantor trust assets		52,400		62,640
Total assets at estimated fair value		14,614,227		13,389,576
Derivative Liability [Abstract]
Derivative liabilities, net		13,569		12,185
Total liabilities at recurring estimated fair value		13,569		12,185
Total | Fair Value, Measurements, Recurring | Interest-rate related
Derivative Asset [Abstract]
Derivative assets, net		325,740		220,157
Derivative Liability [Abstract]
Derivative liabilities, net		13,524		12,080
Total | Fair Value, Measurements, Nonrecurring
Derivative Asset [Abstract]
Total assets at estimated fair value		970		1,141
Derivative Liability [Abstract]
Mortgage loans held for portfolio		970	[5]	1,141
Total | U.S. Treasury obligations | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		4,039,407		3,946,799
AFS securities		2,105,878
Total | GSE and TVA debentures | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		2,086,063		2,697,116
Total | GSE multifamily | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
AFS securities		6,004,631		6,462,819
Total | MDCs | Fair Value, Measurements, Recurring | Interest-rate forwards
Derivative Asset [Abstract]
Derivative assets, net		108		45
Derivative Liability [Abstract]
Derivative liabilities, net		$ 45		$ 105
[1] Represents the application of the netting requirements that allow us to settle (i) positive and negative positions and (ii) cash collateral and related accrued interest held or placed, with the same clearing agent and/or counterparty. Cash collateral pledged to counterparties at June 30, 2022 and December 31, 2021, including accrued interest, totaled $1,511,166 and $515,761, respectively. Cash collateral received from counterparties and held at both June 30, 2022 and December 31, 2021, including accrued interest, totaled $139,183 and $894, respectively. At June 30, 2022 and December 31, 2021, no securities were pledged as collateral.

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)		6 Months Ended
		Jun. 30, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Cash Collateral Pledged		$ 1,509,963,000	$ 515,740,000
Standby letters of credit outstanding
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year		48,363,000
Off-balance-sheet commitments expire after one year		616,213,000
Off-balance-sheet commitments, Total		664,576,000
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year	[1]	906,668,000
Off-balance-sheet commitments expire after one year	[1]	0
Off-balance-sheet commitments, Total	[1]	906,668,000
Maximum line of credit		100,000,000
Commitments to fund additional advances
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year	[2]	68,000,000
Off-balance-sheet commitments expire after one year	[2]	0
Off-balance-sheet commitments, Total	[2]	$ 68,000,000
Commitments to fund additional advances | Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to fund additional Advances are generally for periods up		6 months
Unsettled CO bonds, at par
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year		$ 43,800,000
Off-balance-sheet commitments expire after one year		0
Off-balance-sheet commitments, Total		$ 43,800,000
Unsettled CO bonds, at par | Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Period of time commitments unconditionally obligate to fund or purchase mortgage loans and participation interests		91 days
Unsettled discount notes, at par
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year		$ 424,000,000
Off-balance-sheet commitments expire after one year		0
Off-balance-sheet commitments, Total		424,000,000
Mortgage Receivable | Commitments to fund or purchase mortgage loans, net
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year	[3]	31,325,000
Off-balance-sheet commitments expire after one year	[3]	0
Off-balance-sheet commitments, Total	[3]	$ 31,325,000
[1]Maximum line of credit amount per member is $100,000.[2]Generally for periods up to six months.[3]Generally for periods up to 91 days.

Related Party and Other Trans_3

Related Party and Other Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Advances, par value	$ 30,844,521,000		$ 30,844,521,000		$ 27,309,608,000
Loans to other FHLBanks	0		0		0
Loans from other FHLBanks	0		0		0
Directors' Financial Institutions
Related Party Transaction [Line Items]
Net capital stock issuances (redemptions and repurchases)	3,437,000	$ 0	(46,983,000)	$ 0
Net advances (repayments)	3,034,988,000	(993,987,000)	1,234,703,000	(2,043,264,000)
Mortgage loan purchases	4,025,000	$ 16,745,000	12,747,000	$ 29,622,000
Capital stock, par value	$ 381,061,000		$ 381,061,000		$ 440,949,000
Capital stock, % of total	17%		17%		19%
Advances, par value	$ 4,695,040,000		$ 4,695,040,000		$ 3,854,856,000
Advances, % of total	16%		16%		14%