Federal Home Loan Bank of Indianapolis 10-Q 10 Aug 23 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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)		27,591,957

Statements of Condition (Unaudi

Statements of Condition (Unaudited) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Assets:
Cash and due from banks		$ 63,585	$ 21,161
Interest-bearing deposits (Note 3)		817,845	856,060
Securities purchased under agreements to resell (Note 3)		4,400,000	4,550,000
Federal funds sold (Note 3)		5,027,000	3,148,000
Trading securities (Note 3)		345,258	2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583	12,179,837
Held-to-maturity securities (Note 3) (estimated fair values of $4,752,998 and $4,156,218)	[1]	4,837,706	4,240,201
Advances (Note 4)	[2]	36,234,221	36,682,459
Mortgage loans held for portfolio, net (Note 5)		7,899,050	7,686,455
Accrued interest receivable		156,432	152,867
Derivative assets, net (Note 6)		546,750	434,421
Loans to Other Federal Home Loan Banks		250,000	0
Other assets		102,022	102,071
Total assets		74,270,452	72,283,780
Liabilities:
Deposits		663,307	595,907
Consolidated obligations (Note 7):
Discount notes		20,199,909	27,387,492
Bonds		48,508,086	39,882,454
Total consolidated obligations, net		68,707,995	67,269,946
Loans from other FHLBanks		0	0
Accrued interest payable		283,062	162,584
Affordable Housing Program payable (Note 8)		53,135	38,170
Derivative liabilities, net (Note 6)		29,572	19,209
Mandatorily redeemable capital stock (Note 9)		370,622	372,503
Other liabilities		379,107	441,763
Total liabilities		70,486,800	68,900,082
Commitments and contingencies (Note 13)
Capital stock (putable at par value of $100 per share):
Class B issued and outstanding shares: 23,804,903 and 21,231,253		2,380,490	2,123,125
Retained earnings:
Unrestricted		1,054,312	963,812
Restricted		359,161	322,552
Total retained earnings		1,413,473	1,286,364
Total accumulated other comprehensive income (loss) (Note 10)		(10,311)	(25,791)
Total capital		3,783,652	3,383,698
Total liabilities and capital		$ 74,270,452	$ 72,283,780
[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, 2023 and December 31, 2022 to tale d $23,795 and $26,125, respectively. accrued interest receivable

Statements of Condition (Unau_2

Statements of Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Amortized Cost	[1]	$ 13,586,588	$ 12,189,776
Estimated fair value		$ 4,752,998	$ 4,156,218
Common stock putable, par value per share (usd per share)		$ 100	$ 100
Common stock issued (in shares)		23,804,903	21,231,253
Common stock outstanding (in shares)		23,804,903	21,231,253
[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. At June 30, 2023 and December 31, 2022, net unamortized discounts totaled $(298,810) and $(294,587), respectively, and the applicable fair-value hedging basis adjustments totaled net losses of $(1,117,785) and $(1,099,886), respectively. Excludes accrued interest

Statements of Income (Unaudited

Statements of Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest Income:
Advances		$ 491,756	$ 67,562	$ 925,984	$ 102,603
Interest-bearing deposits		31,641	2,623	57,894	2,913
Securities purchased under agreements to resell		39,717	6,066	71,667	6,971
Federal funds sold		65,898	7,682	111,385	8,524
Trading securities		2,291	8,347	5,368	13,792
Available-for-sale securities		200,507	38,563	372,226	61,008
Held-to-maturity securities		59,055	9,033	107,480	16,544
Mortgage loans held for portfolio		59,128	51,467	116,883	99,268
Other interest income		149	22	150	22
Total interest income		950,142	191,365	1,769,037	311,645
Interest Expense:
Consolidated obligation discount notes		269,398	26,535	526,174	30,188
Consolidated obligation bonds		543,752	99,192	990,426	150,891
Deposits		8,896	1,547	16,514	1,646
Mandatorily redeemable capital stock		4,370	269	8,480	514
Other interest expense		133	0	201	0
Total interest expense		826,549	127,543	1,541,795	183,239
Net interest income		123,593	63,822	227,242	128,406
Provision for (reversal of) credit losses		(3)	(38)	(2)	(60)
Net interest income after provision for credit losses		123,596	63,860	227,244	128,466
Other Income:
Net gains (losses) on trading securities		758	(14,220)	9,072	(38,415)
Net gains on derivatives		4,970	17,203	3,607	37,197
Net (gains) on extinguishment of debt		0	0	19,846	0
Other, net		3,423	(4,681)	6,773	(7,882)
Total other income (loss)		9,151	(1,698)	39,298	(9,100)
Other Expenses:
Compensation and benefits		14,878	13,411	31,713	26,367
Other operating expenses		8,630	7,756	16,030	14,850
Federal Housing Finance Agency		1,711	1,801	3,423	3,717
Office of Finance		1,007	1,081	2,080	2,498
Other		4,522	2,154	8,973	4,165
Total other expenses		30,748	26,203	62,219	51,597
Income before assessments		101,999	35,959	204,323	67,769
Affordable Housing Program assessments	[1]	10,637	3,623	21,280	6,828
Net income		$ 91,362	$ 32,336	$ 183,043	$ 60,941
[1]Assessments are reported separately on the Statement of Income as a reduction to Income before assessments.

Statements of Comprehensive Inc

Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 91,362	$ 32,336	$ 183,043	$ 60,941
Other Comprehensive Income:
Net change in unrealized gains (losses) on available-for-sale securities	61,911	(45,228)	13,934	(119,691)
Pension benefits, net	1,206	329	1,546	789
Total other comprehensive income (loss)	63,117	(44,899)	15,480	(118,902)
Total comprehensive income (loss)	$ 154,479	$ (12,563)	$ 198,523	$ (57,961)

Statements of Capital (Unaudite

Statements of Capital (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 3,570,843	$ 3,373,270	$ 3,383,698	$ 3,556,331
Total comprehensive income	154,479	(12,563)	198,523	(57,961)
Proceeds from issuance of capital stock	88,609	129,294	257,689	166,519
Redemption/repurchase of capital stock	(311)		(311)	(161,885)
Shares reclassified to mandatorily redeemable capital stock, net	0	0	(13)	0
Cash dividends on capital stock	(29,968)	(13,290)	(55,934)	(26,293)
Ending Balance	$ 3,783,652	$ 3,476,711	$ 3,783,652	$ 3,476,711
Capital Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	22,922	21,215	21,231	22,462
Beginning Balance	$ 2,292,192	$ 2,121,541	$ 2,123,125	$ 2,246,201
Proceeds from issuance of capital stock (in shares)	886	1,293	2,577	1,665
Proceeds from issuance of capital stock	$ 88,609	$ 129,294	$ 257,689	$ 166,519
Redemption/repurchase of capital stock (in shares)	(3)		(3)	(1,619)
Redemption/repurchase of capital stock	$ (311)		$ (311)	$ (161,885)
Shares reclassified to mandatorily redeemable capital stock, net (in shares)			0
Shares reclassified to mandatorily redeemable capital stock, net			$ (13)
Ending Balance (in shares)	23,805	22,508	23,805	22,508
Ending Balance	$ 2,380,490	$ 2,250,835	$ 2,380,490	$ 2,250,835
Retained Earnings Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	1,352,079	1,192,674	1,286,364	1,177,072
Total comprehensive income	91,362	32,336	183,043	60,941
Cash dividends on capital stock	(29,968)	(13,290)	(55,934)	(26,293)
Ending Balance	1,413,473	1,211,720	1,413,473	1,211,720
Retained Earnings, Unrestricted
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	1,011,191	899,750	963,812	889,869
Total comprehensive income	73,089	25,869	146,434	48,753
Cash dividends on capital stock	(29,968)	(13,290)	(55,934)	(26,293)
Ending Balance	1,054,312	912,329	1,054,312	912,329
Retained Earnings, Restricted
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	340,888	292,924	322,552	287,203
Total comprehensive income	18,273	6,467	36,609	12,188
Cash dividends on capital stock	0	0	0	0
Ending Balance	359,161	299,391	359,161	299,391
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(73,428)	59,055	(25,791)	133,058
Total comprehensive income	63,117	(44,899)	15,480	(118,902)
Ending Balance	$ (10,311)	$ 14,156	$ (10,311)	$ 14,156

Statements of Capital (Unaudi_2

Statements of Capital (Unaudited) (Parenthetical)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Annualized dividend rate on capital stock	5.59%	2.47%	4.98%	2.39%

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities:
Net income	$ 183,043	$ 60,941
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization and depreciation	(2,909)	50,152
Changes in net derivative and hedging activities	(15,458)	751,617
Net (gains) on extinguishment of debt	(19,846)	0
Provision for (reversal of) credit losses	(2)	(60)
Net (gains) losses on trading securities	(9,072)	38,415
Other adjustments	(213)	0
Changes in:
Accrued interest receivable	(3,733)	(17,495)
Other assets	(1,055)	5,955
Accrued interest payable	120,610	37,075
Other liabilities	19,243	8,559
Total adjustments, net	87,991	874,218
Net cash provided by operating activities	271,034	935,159
Net change in:
Interest-bearing deposits	134,803	(1,219,223)
Securities purchased under agreements to resell	150,000	(1,000,000)
Federal funds sold	(1,879,000)	84,000
Trading securities:
Proceeds from maturities	1,400,000	1,600,000
Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment	494,063	200,000
Purchases	0	(1,930,219)
Available-for-sale securities:
Proceeds from maturities and paydowns	161,480	503,910
Proceeds from sales	85,113	0
Purchases	(1,638,271)	(2,362,677)
Held-to-maturity securities:
Proceeds from maturities and paydowns	238,896	630,398
Proceeds from sales	9,769	0
Purchases	(922,252)	(51,312)
Advances:
Principal repayments	175,082,844	71,353,438
Disbursements to members	(174,713,799)	(74,888,350)
Mortgage loans held for portfolio:
Principal collections	331,922	600,449
Purchases from members	(546,639)	(771,838)
Purchases of premises, software, and equipment	(1,855)	(1,989)
Loans to other Federal Home Loan Banks:
Principal repayments	810,000	520,000
Disbursements	(1,060,000)	(520,000)
Net cash used in investing activities	(1,862,926)	(7,253,413)
Financing Activities:
Net change in deposits	73,370	(320,726)
Net proceeds (payments) on derivative contracts with financing elements	4,340	(1,118)
Net proceeds from issuance of consolidated obligations:
Discount notes	339,309,328	369,385,849
Bonds	16,099,923	10,677,690
Payments for matured and retired consolidated obligations:
Discount notes	(346,475,227)	(361,928,027)
Bonds	(7,576,968)	(12,277,200)
Proceeds from FHLBank Borrowings, Financing Activities	500,000	0
Principal repayments	(500,000)	0
Proceeds from issuance of capital stock	257,689	166,519
Payments for redemption/repurchase of capital stock	(311)	(161,885)
Payments for redemption/repurchase of mandatorily redeemable capital stock	(1,894)	(4,839)
Dividend payments on capital stock	(55,934)	(26,293)
Net cash provided by financing activities	1,634,316	5,509,970
Net increase (decrease) in cash and due from banks	42,424	(808,284)
Cash and due from banks at beginning of period	21,161	867,880
Cash and due from banks at end of period	63,585	59,596
Supplemental Disclosures:
Interest payments	1,380,115	99,903
Affordable Housing Program payments	6,315	8,924
Purchases of investment securities, traded but not yet settled	$ 0	$ 220,413

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
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 2022 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 2022 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. Significant Accounting Policies. Our significant accounting policies and certain other disclosures are set forth in our 2022 Form 10-K in Note 1 - Summary of Significant Accounting Policies . There have been no significant changes to these policies through June 30, 2023 with the exception of the following that resulted from the adoption of ASU 2022-02, Troubled Debt Restructurings ("TDR") and Vintage Disclosures, on January 1, 2023. Mortgage Loan Modifications. Under the new accounting guidance, we are required to evaluate whether the terms of a loan modification made for borrowers experiencing financial difficulty are such that the modified loan should be accounted for as a new loan or a continuation of an existing loan. Prior to January 1, 2023, we evaluated mortgage loan modifications resulting from borrowers experiencing financial difficulty utilizing the troubled debt restructuring ("TDR") guidance. For more information, see Note 1 - Summary of Significant Accounting Policies in our 2022 Form 10-K. Allowance for Credit Losses on Mortgage Loans .

Recently Adopted and Issued Acc

Recently Adopted and Issued Accounting Guidance	6 Months Ended
	Jun. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Adopted and Issued Accounting Guidance	Note 2 - Recently Adopted and Issued Accounting Guidance Recently Adopted Accounting Guidance Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04), as amended. As of June 30, 2023, the Bank had transitioned all outstanding LIBOR-indexed instruments to reference SOFR, with the implementation of such fallback effective immediately following June 30, 2023, or at the instrument's next reset date. As a part of finalizing the transition, we adopted certain practical expedients in Topic 848 for qualifying contract modifications related to reference rate reform, including with respect to qualifying hedge relationships. The adoption of this guidance did not have a material impact on the Bank's financial condition, results of operations, or cash flows. Recently Issued Accounting Guidance

Investments

Investments	6 Months Ended
	Jun. 30, 2023
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, 2023 and December 31, 2022, none of these investments were with counterparties rated below triple-B, and 4% of these investments, based on amortized cost, were with counterparties that were unrated. The NRSRO ratings may differ from any internal ratings of the investments, if applicable. Allowance for Credit Losses. At June 30, 2023 and December 31, 2022, based on our evaluations, no allowance for credit losses on any of our short-term investments was deemed necessary. Investment Securities. Trading Securities. Major Security Types. The following table presents our trading securities by type of security. Security Type June 30, 2023 December 31, 2022 U.S. Treasury obligations $ 345,258 $ 2,230,248 Total trading securities at estimated fair value $ 345,258 $ 2,230,248 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, 2023 2022 2023 2022 Net gains (losses) on trading securities held at period end $ 615 $ (13,740) $ 2,396 $ (34,831) Net gains (losses) on trading securities that matured/sold during the period 143 (480) 6,676 (3,584) Net gains (losses) on trading securities $ 758 $ (14,220) $ 9,072 $ (38,415) Available-for-Sale Securities. Major Security Types. The following table presents our AFS securities by type of security. June 30, 2023 Gross Gross Amortized Unrealized Unrealized Estimated Security Type Cost (1) Gains Losses Fair Value U.S. Treasury obligations $ 5,338,509 $ 18,712 $ (109) $ 5,357,112 GSE and TVA debentures 1,752,141 19,029 — 1,771,170 GSE multifamily MBS 6,495,938 19,485 (53,122) 6,462,301 Total AFS securities $ 13,586,588 $ 57,226 $ (53,231) $ 13,590,583 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Estimated Security Type Cost (1) Gains Losses Fair Value U.S. Treasury obligations $ 4,207,974 $ 3,502 $ (1,802) $ 4,209,674 GSE and TVA debentures 1,882,802 20,144 (243) 1,902,703 GSE multifamily MBS 6,099,000 20,064 (51,604) 6,067,460 Total AFS securities $ 12,189,776 $ 43,710 $ (53,649) $ 12,179,837 (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. At June 30, 2023 and December 31, 2022, net unamortized discounts totaled $(298,810) and $(294,587), respectively, and the applicable fair-value hedging basis adjustments totaled net losses of $(1,117,785) and $(1,099,886), respectively. Excludes accrued interest Unrealized Loss Positions. The following table presents our 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. June 30, 2023 Less than 12 months 12 months or More Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Security Type Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury obligations $ 393,973 $ (109) $ — $ — $ 393,973 $ (109) GSE multifamily MBS 1,440,466 (11,166) 2,603,662 (41,956) 4,044,128 (53,122) Total impaired AFS securities $ 1,834,439 $ (11,275) $ 2,603,662 $ (41,956) $ 4,438,101 $ (53,231) December 31, 2022 Less than 12 months 12 months or More Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Security Type Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury obligations $ 1,836,099 $ (1,802) $ — $ — $ 1,836,099 $ (1,802) GSE and TVA debentures 75,024 (243) — — 75,024 (243) GSE multifamily MBS 3,484,309 (41,046) 301,339 (10,558) 3,785,648 (51,604) Total impaired AFS securities $ 5,395,432 $ (43,091) $ 301,339 $ (10,558) $ 5,696,771 $ (53,649) Contractual Maturity. The amortized cost and estimated fair value of our 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, 2023 December 31, 2022 Amortized Estimated Amortized Estimated Year of Contractual Maturity Cost Fair Value Cost Fair Value Non-MBS: Due in 1 year or less $ — $ — $ 131,329 $ 131,517 Due after 1 through 5 years 2,898,606 2,922,057 1,575,581 1,594,583 Due after 5 through 10 years 4,192,044 4,206,225 4,383,866 4,386,277 Total non-MBS 7,090,650 7,128,282 6,090,776 6,112,377 Total MBS 6,495,938 6,462,301 6,099,000 6,067,460 Total AFS securities $ 13,586,588 $ 13,590,583 $ 12,189,776 $ 12,179,837 Realized Gains and Losses. During the three months ended June 30, 2023, for strategic and economic reasons, we sold a GSE MBS. Proceeds from the AFS sale totaled $85,113 , resulting in a net realized loss of $(142) determined by the specific identification method. There were no sales during the three and six months ended June 30, 2022. Allowance for Credit Losses. At June 30, 2023 and December 31, 2022 , 100% of our AFS securities were rated single-A, or above, by an NRSRO, based on the lowest long-term credit rating for each security. The NRSRO ratings may differ from any internal ratings of the securities, if applicable. At June 30, 2023 and December 31, 2022, certain of our AFS securities were in an unrealized loss position; howev er, no allowance for credit losses was deemed necessary because those losses were considered temporary and recovery of the entire amortized cost basis on these securities at maturity was expected. Held-to-Maturity Securities. Major Security Types. The following table presents our HTM securities by type of security. June 30, 2023 Gross Gross Unrecognized Unrecognized Amortized Holding Holding Estimated Security Type Cost (1) Gains Losses Fair Value MBS: Other U.S. obligations - guaranteed single-family $ 3,683,444 $ 1,108 $ (44,812) $ 3,639,740 GSE single-family 585,800 184 (38,431) 547,553 GSE multifamily 568,462 — (2,757) 565,705 Total HTM securities $ 4,837,706 $ 1,292 $ (86,000) $ 4,752,998 December 31, 2022 Gross Gross Unrecognized Unrecognized Amortized Holding Holding Estimated Security Type Cost (1) Gains Losses Fair Value MBS: Other U.S. obligations - guaranteed single-family $ 2,991,702 $ 2,128 $ (43,106) $ 2,950,724 GSE single-family 619,910 518 (39,634) 580,794 GSE multifamily 628,589 — (3,889) 624,700 Total HTM securities $ 4,240,201 $ 2,646 $ (86,629) $ 4,156,218 (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, 2023 and December 31, 2022 to tale d $23,795 and $26,125, respectively. Contractual Maturity. HTM securities are not presented by contractual maturity because they consisted entirely of MBS, whose actual maturities will likely differ from their contractual maturities as borrowers have the right to prepay their obligations with or without prepayment fees. Realized Gains and Losses. During the six months ended June 30, 2023, we sold a portion of our HTM MBS for which we had previously collected at least 85% of the principal outstanding at the time of acquisition. As such, the sales were considered maturities for purposes of security classification. Proceeds from the sales totaled $9,769 , resulting in a net realized loss of $(71) determined by the specific identification method. Allowance for Credit Losses. At June 30, 2023 and December 31, 2022 , 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. The NRSRO ratings may differ from any internal ratings of the securities, if applicable. At June 30, 2023 and December 31, 2022, based on our evaluation, no allowance for credit losses on any of our HTM securities was deemed necessary.

Advances

Advances	6 Months Ended
	Jun. 30, 2023
Advances [Abstract]
Advances	Note 4 - Advances The following table presents our advances outstanding by redemption term. June 30, 2023 December 31, 2022 Redemption Term Amount WAIR % Amount WAIR % Overdrawn demand and overnight deposit accounts $ — — $ 430 6.74 Due in 1 year or less 9,298,969 4.50 14,517,059 3.77 Due after 1 through 2 years 3,419,914 2.89 2,726,023 2.82 Due after 2 through 3 years 3,207,364 3.38 3,316,683 2.73 Due after 3 through 4 years 2,221,038 3.22 2,045,370 2.70 Due after 4 through 5 years 7,435,666 4.19 3,938,017 3.96 Thereafter 11,339,502 3.17 10,747,880 2.70 Total advances, par value 36,922,453 3.71 37,291,462 3.26 Fair-value hedging basis adjustments, net (693,968) (615,859) Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees 5,736 6,856 Total advances (1) $ 36,234,221 $ 36,682,459 (1) Carrying value equals amortized cost, which excludes accrued interest receivable The following table presents our advances outstanding by the earlier of the redemption date or the next call date and next put date. Earlier of Redemption Earlier of Redemption Term June 30, December 31, June 30, December 31, Overdrawn demand and overnight deposit accounts $ — $ 430 $ — $ 430 Due in 1 year or less 14,248,371 19,337,582 15,912,969 20,226,164 Due after 1 through 2 years 3,280,214 2,299,023 3,795,814 3,207,023 Due after 2 through 3 years 2,296,614 2,385,483 4,197,364 4,082,583 Due after 3 through 4 years 1,827,938 1,592,245 2,231,038 2,045,370 Due after 4 through 5 years 5,695,965 2,773,917 6,845,766 4,173,117 Thereafter 9,573,351 8,902,782 3,939,502 3,556,775 Total advances, par value $ 36,922,453 $ 37,291,462 $ 36,922,453 $ 37,291,462 Advance Concentrations. At June 30, 2023 and December 31, 2022, our top five borrowers held 38% and 41%, respectively, of total advances outstanding at par. Our top borrower at June 30, 2023 and December 31, 2022 held 13% and 12%, respectively. Allowance for Credit Losses. At June 30, 2023 and December 31, 2022, based upon the collateral held as security, our credit extension and collateral policies, our credit analysis and the repayment history on advances, no allowance for credit losses on advances was deemed necessary.

Mortgage Loans Held for Portfol

Mortgage Loans Held for Portfolio	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Mortgage Loans Held for Portfolio	Note 5 - Mortgage Loans Held for Portfolio The following tables present information on our mortgage loans held for portfolio by term and type. Term June 30, 2023 December 31, 2022 Fixed-rate long-term mortgages $ 6,949,896 $ 6,676,752 Fixed-rate medium-term (1) mortgages 797,059 856,446 Total mortgage loans held for portfolio, UPB 7,746,955 7,533,198 Unamortized premiums 169,224 168,593 Unamortized discounts (11,217) (9,466) Hedging basis adjustments, net (5,712) (5,670) Total mortgage loans held for portfolio 7,899,250 7,686,655 Allowance for credit losses (200) (200) Total mortgage loans held for portfolio, net (2) $ 7,899,050 $ 7,686,455 (1) Defined as a term of 15 years or less at origination. (2) Excludes accrued interest receivable Type June 30, 2023 December 31, 2022 Conventional $ 7,605,034 $ 7,383,168 Government-guaranteed or -insured 141,921 150,030 Total mortgage loans held for portfolio, UPB $ 7,746,955 $ 7,533,198 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. June 30, 2023 Origination Year Payment Status Prior to 2019 2019 to 2023 Total Past due: 30-59 days $ 41,638 $ 14,221 $ 55,859 60-89 days 3,912 893 4,805 90 days or more 6,534 648 7,182 Total past due 52,084 15,762 67,846 Total current 2,521,996 5,165,962 7,687,958 Total conventional mortgage loans, amortized cost $ 2,574,080 $ 5,181,724 $ 7,755,804 December 31, 2022 Origination Year Payment Status Prior to 2018 2018 to 2022 Total Past due: 30-59 days $ 17,892 $ 13,041 $ 30,933 60-89 days 4,537 1,992 6,529 90 days or more 9,498 2,979 12,477 Total past due 31,927 18,012 49,939 Total current 2,422,623 5,062,416 7,485,039 Total conventional mortgage loans, amortized cost $ 2,454,550 $ 5,080,428 $ 7,534,978 June 30, 2023 Other Delinquency Statistics Conventional Government Total In process of foreclosure (1) $ 977 $ — $ 977 Serious delinquency rate (2) 0.09 % 0.59 % 0.10 % Past due 90 days or more still accruing interest (3) $ 3,359 $ 775 $ 4,134 On non-accrual status (4) $ 8,414 $ — $ 8,414 December 31, 2022 Other Delinquency Statistics Conventional Government Total In process of foreclosure (1) $ 1,655 $ — $ 1,655 Serious delinquency rate (2) 0.16 % 1.07 % 0.18 % Past due 90 days or more still accruing interest (3) $ 6,283 $ 1,552 $ 7,835 On non-accrual status (4) $ 10,984 $ — $ 10,984 (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 respective amount of mortgage loans outstanding. The total rate is a weighted-average rate. The percentage excludes principal and interest amounts previously paid in full by the servicers on conventional loans that are pending resolution of potential loss claims. Our servicers repurchase seriously delinquent government loans, including Federal Housing Administration loans, when certain criteria are met. (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, 2023 and December 31, 2022, of these conventional mortgage loans on non-accrual status, $1,191 and $3,160, respectively, of UPB 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 2023 2022 2023 2022 Balance, beginning of period $ 200 $ 200 $ 200 $ 200 (Charge-offs), net of recoveries 3 38 2 60 Provision for (reversal of) credit losses (3) (38) (2) (60) Balance, end of period $ 200 $ 200 $ 200 $ 200

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2023
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. During the three months ended June 30, 2023 , we became subject to two-way initial margin regulatory requirements for uncleared derivative transactions executed on or after September 1, 2022 as our aggregate uncleared derivative exposure to a single counterparty exceeded a specified threshold. Required initial margin must be in the form of non-cash collateral and held at a third-party custodian but such posting does not change ownership of the initial margin. Rather, the counterparty has a security interest in the required initial margin and can only take ownership upon the occurrence of certain events, including an event of default due to bankruptcy, insolvency, or similar proceeding. As a result, at June 30, 2023, our securities pledged as collateral totaled $8,620, which cannot be sold or repledged by the counterparty. 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, 2023. Cleared Derivatives. At June 30, 2023, we were not required by our clearing agents to post any additional margin. 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 our derivative assets and liabilities. June 30, 2023 December 31, 2022 Notional Derivative Derivative Notional Derivative Derivative Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedging instruments: Interest-rate swaps $ 80,851,192 $ 1,025,694 $ 2,087,330 $ 66,103,220 $ 919,089 $ 2,178,897 Derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps 764,802 5,772 39 6,200,000 599 525 Interest-rate caps/floors 811,000 2,191 — 611,000 1,310 — Interest-rate forwards 81,900 185 14 30,200 131 — MDCs 81,787 37 188 30,855 50 102 Total derivatives not designated as hedging instruments 1,739,489 8,185 241 6,872,055 2,090 627 Total derivatives before adjustments $ 82,590,681 1,033,879 2,087,571 $ 72,975,275 921,179 2,179,524 Netting adjustments and cash collateral (1) (487,129) (2,057,999) (486,758) (2,160,315) Total derivatives, net, at estimated fair value $ 546,750 $ 29,572 $ 434,421 $ 19,209 (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, 2023 and December 31, 2022, including accrued interest, totaled $1,758,290 and $1,854,876, respectively. Cash collateral received from counterparties and held at June 30, 2023 and December 31, 2022, including accrued interest, totaled $187,421 and $181,319, respectively . The following table presents separately the estimated fair value of our derivative instruments meeting and not meeting netting requirements, including the effect of the related collateral. June 30, 2023 December 31, 2022 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative instruments meeting netting requirements: Gross recognized amount Uncleared $ 978,881 $ 2,024,580 $ 892,313 $ 2,178,098 Cleared 54,776 62,789 28,685 1,324 Total gross recognized amount 1,033,657 2,087,369 920,998 2,179,422 Gross amounts of netting adjustments and cash collateral Uncleared (964,698) (1,995,210) (884,451) (2,158,991) Cleared 477,569 (62,789) 397,693 (1,324) Total gross amounts of netting adjustments and cash collateral (487,129) (2,057,999) (486,758) (2,160,315) Net amounts after netting adjustments and cash collateral Uncleared 14,183 29,370 7,862 19,107 Cleared 532,345 — 426,378 — Total net amounts after netting adjustments and cash collateral 546,528 29,370 434,240 19,107 Derivative instruments not meeting netting requirements (1) 222 202 181 102 Total derivatives, net, at estimated fair value $ 546,750 $ 29,572 $ 434,421 $ 19,209 (1) Includes MDCs and certain interest-rate forwards. The following table presents the impact of our 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, 2023 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ 148,661 $ 116,903 $ (234,848) $ 30,716 Net gains (losses) on derivatives (2) 221,614 68,048 (255,180) 34,482 Net gains (losses) on hedged items (3) (223,642) (85,751) 254,777 (54,616) Net impact on net interest income $ 146,633 $ 99,200 $ (235,251) $ 10,582 Total interest income (expense) recorded in the Statement of Income (4) $ 491,756 $ 200,507 $ (543,752) $ 148,511 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 Six Months Ended June 30, 2023 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ 266,555 $ 214,175 $ (441,901) $ 38,829 Net gains (losses) on derivatives (2) 38,303 (21,150) 129,196 146,349 Net gains (losses) on hedged items (3) (47,135) (18,521) (129,893) (195,549) Net impact on net interest income $ 257,723 $ 174,504 $ (442,598) $ (10,371) Total interest income (expense) recorded in the Statement of Income (4) $ 925,984 $ 372,226 $ (990,426) $ 307,784 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 (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 increases (decreases) in estimated fair value and price alignme nt interest. (3) Includes increases (decreases) in estimated fair value and amortization of net losses on ineffective and discontinued fair-value hedging relationships. (4) For advances, AFS securities and CO bonds only. The following table presents the components of our net gains (losses) on derivatives reported in other income. Three Months Ended June 30, Six Months Ended June 30, Type of Hedge 2023 2022 2023 2022 Net gains (losses) on derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps $ 1,904 $ 16,413 $ (8,171) $ 38,463 Interest-rate caps/floors 516 (42) (429) 131 Interest-rate forwards 723 1,768 58 7,026 Net interest settlements (1) 2,626 881 12,444 (1,137) MDCs (799) (1,817) (295) (7,286) Net gains (losses) on derivatives in other income $ 4,970 $ 17,203 $ 3,607 $ 37,197 (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, our hedged items in qualifying fair-value hedging relationships. June 30, 2023 Advances AFS Securities CO Bonds Amortized cost of hedged items (1) $ 25,078,490 $ 13,586,588 $ 37,983,765 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ (693,968) $ (1,400,651) $ (1,987,837) For discontinued fair-value hedging relationships — 282,866 — Total cumulative fair-value hedging basis adjustments on hedged items $ (693,968) $ (1,117,785) $ (1,987,837) December 31, 2022 Advances AFS Securities CO Bonds Amortized cost of hedged items (1) $ 20,766,832 $ 12,189,776 $ 28,717,246 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ (615,898) $ (1,417,774) $ (2,147,802) For discontinued fair-value hedging relationships 39 317,888 — Total cumulative fair-value hedging basis adjustments on hedged items $ (615,859) $ (1,099,886) $ (2,147,802) (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, 2023
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, 2023 and December 31, 2022 totaled $1.3 trillion and $1.2 trillion, respectively. As provided by the Federal Home Loan Bank Act of 1932 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, 2023 December 31, 2022 Book value $ 20,199,909 $ 27,387,492 Par value 20,283,393 27,533,665 Weighted average effective interest rate 5.08 % 4.16 % CO Bonds. The following table presents our CO bonds outstanding by contractual maturity. June 30, 2023 December 31, 2022 Year of Contractual Maturity Amount WAIR% Amount WAIR% Due in 1 year or less $ 17,235,125 4.31 $ 10,016,310 3.05 Due after 1 through 2 years 13,893,905 2.29 8,014,590 1.48 Due after 2 through 3 years 5,123,740 1.43 6,278,940 1.37 Due after 3 through 4 years 5,116,420 1.42 7,130,600 1.25 Due after 4 through 5 years 1,402,680 2.01 2,312,540 1.76 Thereafter 7,701,630 2.50 8,249,080 2.35 Total CO bonds, par value 50,473,500 2.83 42,002,060 1.99 Unamortized premiums 39,488 45,535 Unamortized discounts (9,781) (10,165) Unamortized concessions (7,284) (7,174) Fair-value hedging basis adjustments, net (1,987,837) (2,147,802) Total CO bonds $ 48,508,086 $ 39,882,454 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. Call Feature June 30, 2023 December 31, 2022 Non-callable / non-putable $ 14,161,500 $ 11,979,560 Callable 36,312,000 30,022,500 Total CO bonds, par value $ 50,473,500 $ 42,002,060 Year of Contractual Maturity or Next Call Date June 30, 2023 December 31, 2022 Due in 1 year or less $ 44,850,625 $ 37,066,810 Due after 1 through 2 years 2,543,905 1,444,590 Due after 2 through 3 years 872,740 770,940 Due after 3 through 4 years 384,920 804,100 Due after 4 through 5 years 326,680 268,540 Thereafter 1,494,630 1,647,080 Total CO bonds, par value $ 50,473,500 $ 42,002,060 The following table presents the par value of our CO bonds outstanding by interest-rate payment type. Interest-Rate Payment Type June 30, 2023 December 31, 2022 Fixed-rate $ 46,421,500 $ 36,957,560 Step-up 1,418,500 2,268,500 Simple variable-rate 2,633,500 2,776,000 Total CO bonds, par value $ 50,473,500 $ 42,002,060

Affordable Housing Program

Affordable Housing Program	6 Months Ended
	Jun. 30, 2023
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 2023 2022 2023 2022 Liability at beginning of period $ 46,615 $ 31,937 $ 38,170 $ 31,049 Assessments (1) 10,637 3,623 21,280 6,828 Subsidy usage, net (2) (4,117) (6,607) (6,315) (8,924) Liability at end of period $ 53,135 $ 28,953 $ 53,135 $ 28,953 (1) Assessments are reported separately on the Statement of Income as a reduction to Income before assessments. (2) Subsidies disbursed are reported net of returns/recaptures of previously disbursed subsidies.

Capital

Capital	6 Months Ended
	Jun. 30, 2023
Banking Regulation, Total Capital [Abstract]
Capital	Note 9 - Capital Classes of Capital Stock. The following table presents our capital stock outstanding by sub-series. Capital Stock Sub-Series June 30, 2023 December 31, 2022 Class B-1 (1) $ 734,001 $ 535,345 Class B-2 (2) 1,646,489 1,587,780 Total Class B $ 2,380,490 $ 2,123,125 (1) Non-activity-based stock. (2) Activity-based stock. 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 2023 2022 2023 2022 Liability at beginning of period $ 372,487 $ 45,591 $ 372,503 $ 50,422 Reclassification from capital stock — — 13 — Redemptions/repurchases (1,865) (8) (1,894) (4,839) Liability at end of period $ 370,622 $ 45,583 $ 370,622 $ 45,583 The following table presents our MRCS by contractual year of redemption. The year of redemption is the later of (i) the final year of the five-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, 2023 December 31, 2022 Past contractual redemption date (1) $ 777 $ 498 Year 1 (2) 8,743 10,048 Year 2 12,124 9,872 Year 3 16,059 19,179 Year 4 3,674 3,674 Year 5 329,245 329,232 Total MRCS $ 370,622 $ 372,503 (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, 2023 and December 31, 2022 includes $7,875 and $9,585 of Class B stock held by one captive insurance company whose membership was terminated on February 19, 2021. The stock is not past its contractual redemption date, but will be redeemed as soon as the associated credit products and other obligations are no longer outstanding. The following table presents the distributions related to our MRCS. Three Months Ended June 30, Six Months Ended June 30, MRCS Distributions 2023 2022 2023 2022 Recorded as interest expense $ 4,370 $ 269 $ 8,480 $ 514 Recorded as distributions from retained earnings 1 — 707 — Total $ 4,371 $ 269 $ 9,187 $ 514 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 2022 Form 10-K. As presented in the following table, we were in compliance with these Finance Agency capital requirements at June 30, 2023 and December 31, 2022. June 30, 2023 December 31, 2022 Regulatory Capital Requirements Required Actual Required Actual Risk-based capital $ 1,158,404 $ 4,164,585 $ 489,240 $ 3,781,992 Total regulatory capital $ 2,970,818 $ 4,164,585 $ 2,891,351 $ 3,781,992 Total regulatory capital-to-assets ratio 4.00% 5.61% 4.00% 5.23% Leverage capital $ 3,713,523 $ 6,246,878 $ 3,614,189 $ 5,672,988 Leverage ratio 5.00% 8.41% 5.00% 7.85%

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2023
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 our AOCI. AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI (Loss) Balance, March 31, 2023 $ (57,916) $ (15,512) $ (73,428) OCI before reclassifications: Net change in unrealized gains 61,911 — 61,911 Reclassifications from OCI to net income: Pension benefits, net — 1,206 1,206 Total other comprehensive income 61,911 1,206 63,117 Balance, June 30, 2023 $ 3,995 $ (14,306) $ (10,311) 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 AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI (Loss) Balance, December 31, 2022 $ (9,939) $ (15,852) $ (25,791) OCI before reclassifications: Net change in unrealized gains 13,934 — 13,934 Reclassifications from OCI to net income: Pension benefits, net — 1,546 1,546 Total other comprehensive income 13,934 1,546 15,480 Balance, June 30, 2023 $ 3,995 $ (14,306) $ (10,311) 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

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Note 11 - Segment Information The following table presents our financial performance by operating segment. Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 112,133 $ 11,460 $ 123,593 $ 50,671 $ 13,151 $ 63,822 Provision for (reversal of) credit losses — (3) (3) — (38) (38) Other income (loss) 9,031 120 9,151 (1,732) 34 (1,698) Other expenses 26,855 3,893 30,748 22,436 3,767 26,203 Income before assessments 94,309 7,690 101,999 26,503 9,456 35,959 Affordable Housing Program assessments 9,868 769 10,637 2,677 946 3,623 Net income $ 84,441 $ 6,921 $ 91,362 $ 23,826 $ 8,510 $ 32,336 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 202,802 $ 24,440 $ 227,242 $ 103,361 $ 25,045 $ 128,406 Provision for (reversal of) credit losses — (2) (2) — (60) (60) Other income (loss) 39,283 15 39,298 (8,942) (158) (9,100) Other expenses 54,272 7,947 62,219 44,202 7,395 51,597 Income before assessments 187,813 16,510 204,323 50,217 17,552 67,769 Affordable Housing Program assessments 19,629 1,651 21,280 5,073 1,755 6,828 Net income $ 168,184 $ 14,859 $ 183,043 $ 45,144 $ 15,797 $ 60,941 The following table presents our asset balances by operating segment. Date Traditional Mortgage Loans Total June 30, 2023 $ 66,371,402 $ 7,899,050 $ 74,270,452 December 31, 2022 64,597,325 7,686,455 72,283,780

Estimated Fair Values

Estimated Fair Values	6 Months Ended
	Jun. 30, 2023
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, 2023 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 63,585 $ 63,585 $ 63,585 $ — $ — $ — Interest-bearing deposits 817,845 817,845 817,803 42 — — Securities purchased under agreements to resell 4,400,000 4,400,000 — 4,400,000 — — Federal funds sold 5,027,000 5,027,000 — 5,027,000 — — Trading securities 345,258 345,258 — 345,258 — — AFS securities 13,590,583 13,590,583 — 13,590,583 — — HTM securities 4,837,706 4,752,998 — 4,752,998 — — Advances 36,234,221 36,070,388 — 36,070,388 — — Mortgage loans held for portfolio, net 7,899,050 7,106,163 — 7,101,949 4,214 — Loans to other FHLBanks 250,000 250,000 — 250,000 — — Accrued interest receivable 156,432 156,432 — 156,432 — — Derivative assets, net 546,750 546,750 — 1,033,879 — (487,129) Grantor trust assets (2) 57,432 57,432 57,432 — — — Liabilities: Deposits 663,307 663,307 — 663,307 — — Consolidated obligations: Discount notes 20,199,909 20,205,412 — 20,205,412 — — Bonds 48,508,086 47,469,514 — 47,469,514 — — Accrued interest payable 283,062 283,062 — 283,062 — — Derivative liabilities, net 29,572 29,572 — 2,087,571 — (2,057,999) MRCS 370,622 370,622 370,622 — — — December 31, 2022 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 21,161 $ 21,161 $ 21,161 $ — $ — $ — Interest-bearing deposits 856,060 856,060 856,019 41 — — Securities purchased under agreements to resell 4,550,000 4,550,000 — 4,550,000 — — Federal funds sold 3,148,000 3,148,000 — 3,148,000 — — Trading securities 2,230,248 2,230,248 — 2,230,248 — — AFS securities 12,179,837 12,179,837 — 12,179,837 — — HTM securities 4,240,201 4,156,218 — 4,156,218 — — Advances 36,682,459 36,468,949 — 36,468,949 — — Mortgage loans held for portfolio, net 7,686,455 6,867,904 — 6,859,956 7,948 — Accrued interest receivable 152,867 152,867 — 152,867 — — Derivative assets, net 434,421 434,421 — 921,179 — (486,758) Grantor trust assets (2) 53,166 53,166 53,166 — — — Liabilities: Deposits 595,907 595,907 — 595,907 — — Consolidated obligations: Discount notes 27,387,492 27,387,547 — 27,387,547 — — Bonds 39,882,454 38,690,400 — 38,690,400 — — Accrued interest payable 162,584 162,584 — 162,584 — — Derivative liabilities, net 19,209 19,209 — 2,179,524 — (2,160,315) MRCS 372,503 372,503 372,503 — — — (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 2022 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. June 30, 2023 Netting Financial Instruments Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 345,258 $ — $ 345,258 $ — $ — Total trading securities 345,258 — 345,258 — — AFS securities: U.S. Treasury obligations 5,357,112 — 5,357,112 — — GSE and TVA debentures 1,771,170 — 1,771,170 — — GSE multifamily MBS 6,462,301 — 6,462,301 — — Total AFS securities 13,590,583 — 13,590,583 — — Derivative assets: Interest-rate related 546,713 — 1,033,842 — (487,129) MDCs 37 — 37 — — Total derivative assets, net 546,750 — 1,033,879 — (487,129) Other assets: Grantor trust assets 57,432 57,432 — — — Total assets at recurring estimated fair value $ 14,540,023 $ 57,432 $ 14,969,720 $ — $ (487,129) Derivative liabilities: Interest-rate related $ 29,384 $ — $ 2,087,383 $ — $ (2,057,999) MDCs 188 — 188 — — Total derivative liabilities, net 29,572 — 2,087,571 — (2,057,999) Total liabilities at recurring estimated fair value $ 29,572 $ — $ 2,087,571 $ — $ (2,057,999) December 31, 2022 Netting Financial Instruments Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 2,230,248 $ — $ 2,230,248 $ — $ — Total trading securities 2,230,248 — 2,230,248 — — AFS securities: U.S. Treasury obligations 4,209,674 — 4,209,674 — — GSE and TVA debentures 1,902,703 — 1,902,703 — — GSE multifamily MBS 6,067,460 — 6,067,460 — — Total AFS securities 12,179,837 — 12,179,837 — — Derivative assets: Interest-rate related 434,371 — 921,129 — (486,758) MDCs 50 — 50 — — Total derivative assets, net 434,421 — 921,179 — (486,758) Other assets: Grantor trust assets 53,166 53,166 — — — Total assets at recurring estimated fair value $ 14,897,672 $ 53,166 $ 15,331,264 $ — $ (486,758) Derivative liabilities: Interest-rate related $ 19,107 $ — $ 2,179,422 $ — $ (2,160,315) MDCs 102 — 102 — — Total derivative liabilities, net 19,209 — 2,179,524 — (2,160,315) Total liabilities at recurring estimated fair value $ 19,209 $ — $ 2,179,524 $ — $ (2,160,315) (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.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2023
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, 2023 Type of Commitment Expire within one year Expire after one year Total Standby letters of credit outstanding (1) $ 403,380 $ 301,657 $ 705,037 Commitments for standby bond purchases — 195,814 195,814 Unused lines of credit (2) 1,106,859 — 1,106,859 Commitments to fund additional advances (3) 76,317 4,087 80,404 Commitments to purchase mortgage loans, net (4) 81,787 — 81,787 Unsettled CO bonds, at par 178,825 — 178,825 Unsettled discount notes, at par 86,500 — 86,500 (1) Excludes unconditional commitments to issue standby letters of credit totaling $66,958. (2) Maximum line of credit amount per member is $100,000. (3) Generally for periods up to six months. (4) Generally for periods up to 91 days. Pledged Collateral. Cash pledged as collateral to counterparties and clearing agents at June 30, 2023 and December 31, 2022 totaled $1,753,208 and $1,849,797, respectively . Securities pledged as collateral to counterparties at June 30, 2023 and December 31, 2022 totaled $8,620 and $0, respectively. Standby Bond Purchase Agreements. During the three months ended June 30, 2023, we entered into multiple agreements with a state housing authority within our district whereby we could be required under the terms of the agreements to purchase and hold the state housing authority's bonds until its designated marketing agent can find a suitable investor or the state housing authority repurchases the bond according to a schedule established by the standby agreements. These standby bond purchase commitments have original expiration periods of up to five years, expiring no later than 2028, although some may be renewable at our option. We had not purchas ed any bon ds under these agreements as of June 30, 2023. 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, 2023
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, 2023 2022 2023 2022 Net capital stock issuances (redemptions and repurchases) $ 1,402 $ 3,437 $ 3,805 $ (46,983) Net advances (repayments) (74,218) 3,034,988 (125,512) 1,234,703 Mortgage loan purchases 10,881 4,025 14,004 12,747 The following table presents the aggregate balances of capital stock and advances outstanding for our directors' financial institutions and their balances as a percent of the total balances on our statement of condition. June 30, 2023 December 31, 2022 Balances with Directors' Financial Institutions Par Value % of Total Par Value % of Total Capital stock $ 56,221 2 % $ 49,869 2 % Advances 736,725 2 % 886,191 2 % The composition of our directors' financial institutions changed due to changes in board membership on January 1, 2023 resulting from the 2022 board of directors' election and on April 1, 2023 resulting from the election by the board of directors of new directors to fill unexpired terms. Transactions with Other FHLBanks. Occasionally, we loan or borrow short-term funds to/from other FHLBanks in order to manage FHLB System-wide liquidity. These loans and borrowings are transacted at current market rates when traded. On June 30, 2023, the Bank loaned another FHLBank $250,000 which was repaid on the next business day. No loans to any FHLBank were outstanding at December 31, 2022. Additionally, no borrowings from any FHLBank were outstanding at June 30, 2023 or December 31, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
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 2022 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 2022 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 .
Financing Receivable, Held-for-investment	Mortgage Loan Modifications. Under the new accounting guidance, we are required to evaluate whether the terms of a loan modification made for borrowers experiencing financial difficulty are such that the modified loan should be accounted for as a new loan or a continuation of an existing loan. Prior to January 1, 2023, we evaluated mortgage loan modifications resulting from borrowers experiencing financial difficulty utilizing the troubled debt restructuring ("TDR") guidance. For more information, see Note 1 - Summary of Significant Accounting Policies in our 2022 Form 10-K.
Significant Accounting Policies	Allowance for Credit Losses on Mortgage Loans .
Recently Issued Accounting Guidance	Recently Adopted Accounting Guidance Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04), as amended. As of June 30, 2023, the Bank had transitioned all outstanding LIBOR-indexed instruments to reference SOFR, with the implementation of such fallback effective immediately following June 30, 2023, or at the instrument's next reset date. As a part of finalizing the transition, we adopted certain practical expedients in Topic 848 for qualifying contract modifications related to reference rate reform, including with respect to qualifying hedge relationships. The adoption of this guidance did not have a material impact on the Bank's financial condition, results of operations, or cash flows. Recently Issued Accounting Guidance

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 December 31, 2022 U.S. Treasury obligations $ 345,258 $ 2,230,248 Total trading securities at estimated fair value $ 345,258 $ 2,230,248
Available-for-Sale (AFS) Securities by Major Security Type	The following table presents our AFS securities by type of security. June 30, 2023 Gross Gross Amortized Unrealized Unrealized Estimated Security Type Cost (1) Gains Losses Fair Value U.S. Treasury obligations $ 5,338,509 $ 18,712 $ (109) $ 5,357,112 GSE and TVA debentures 1,752,141 19,029 — 1,771,170 GSE multifamily MBS 6,495,938 19,485 (53,122) 6,462,301 Total AFS securities $ 13,586,588 $ 57,226 $ (53,231) $ 13,590,583 December 31, 2022 Gross Gross Amortized Unrealized Unrealized Estimated Security Type Cost (1) Gains Losses Fair Value U.S. Treasury obligations $ 4,207,974 $ 3,502 $ (1,802) $ 4,209,674 GSE and TVA debentures 1,882,802 20,144 (243) 1,902,703 GSE multifamily MBS 6,099,000 20,064 (51,604) 6,067,460 Total AFS securities $ 12,189,776 $ 43,710 $ (53,649) $ 12,179,837 (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. At June 30, 2023 and December 31, 2022, net unamortized discounts totaled $(298,810) and $(294,587), respectively, and the applicable fair-value hedging basis adjustments totaled net losses of $(1,117,785) and $(1,099,886), respectively. Excludes accrued interest
Available-for-sale (AFS) Securities in an Unrealized Loss Position	The following table presents our 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. June 30, 2023 Less than 12 months 12 months or More Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Security Type Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury obligations $ 393,973 $ (109) $ — $ — $ 393,973 $ (109) GSE multifamily MBS 1,440,466 (11,166) 2,603,662 (41,956) 4,044,128 (53,122) Total impaired AFS securities $ 1,834,439 $ (11,275) $ 2,603,662 $ (41,956) $ 4,438,101 $ (53,231) December 31, 2022 Less than 12 months 12 months or More Total Estimated Unrealized Estimated Unrealized Estimated Unrealized Security Type Fair Value Losses Fair Value Losses Fair Value Losses U.S. Treasury obligations $ 1,836,099 $ (1,802) $ — $ — $ 1,836,099 $ (1,802) GSE and TVA debentures 75,024 (243) — — 75,024 (243) GSE multifamily MBS 3,484,309 (41,046) 301,339 (10,558) 3,785,648 (51,604) Total impaired AFS securities $ 5,395,432 $ (43,091) $ 301,339 $ (10,558) $ 5,696,771 $ (53,649)
HTM Securities by Major Security Type	The following table presents our HTM securities by type of security. June 30, 2023 Gross Gross Unrecognized Unrecognized Amortized Holding Holding Estimated Security Type Cost (1) Gains Losses Fair Value MBS: Other U.S. obligations - guaranteed single-family $ 3,683,444 $ 1,108 $ (44,812) $ 3,639,740 GSE single-family 585,800 184 (38,431) 547,553 GSE multifamily 568,462 — (2,757) 565,705 Total HTM securities $ 4,837,706 $ 1,292 $ (86,000) $ 4,752,998 December 31, 2022 Gross Gross Unrecognized Unrecognized Amortized Holding Holding Estimated Security Type Cost (1) Gains Losses Fair Value MBS: Other U.S. obligations - guaranteed single-family $ 2,991,702 $ 2,128 $ (43,106) $ 2,950,724 GSE single-family 619,910 518 (39,634) 580,794 GSE multifamily 628,589 — (3,889) 624,700 Total HTM securities $ 4,240,201 $ 2,646 $ (86,629) $ 4,156,218 (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, 2023 and December 31, 2022 to tale d $23,795 and $26,125, respectively.
AFS Securities
Debt and Equity Securities, FV-NI [Line Items]
AFS Securities by Contractual Maturity	The amortized cost and estimated fair value of our 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, 2023 December 31, 2022 Amortized Estimated Amortized Estimated Year of Contractual Maturity Cost Fair Value Cost Fair Value Non-MBS: Due in 1 year or less $ — $ — $ 131,329 $ 131,517 Due after 1 through 5 years 2,898,606 2,922,057 1,575,581 1,594,583 Due after 5 through 10 years 4,192,044 4,206,225 4,383,866 4,386,277 Total non-MBS 7,090,650 7,128,282 6,090,776 6,112,377 Total MBS 6,495,938 6,462,301 6,099,000 6,067,460 Total AFS securities $ 13,586,588 $ 13,590,583 $ 12,189,776 $ 12,179,837
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, 2023 2022 2023 2022 Net gains (losses) on trading securities held at period end $ 615 $ (13,740) $ 2,396 $ (34,831) Net gains (losses) on trading securities that matured/sold during the period 143 (480) 6,676 (3,584) Net gains (losses) on trading securities $ 758 $ (14,220) $ 9,072 $ (38,415)

Advances (Tables)

Advances (Tables)	6 Months Ended
	Jun. 30, 2023
Advances [Abstract]
Summary of Advances Redemption Terms	The following table presents our advances outstanding by redemption term. June 30, 2023 December 31, 2022 Redemption Term Amount WAIR % Amount WAIR % Overdrawn demand and overnight deposit accounts $ — — $ 430 6.74 Due in 1 year or less 9,298,969 4.50 14,517,059 3.77 Due after 1 through 2 years 3,419,914 2.89 2,726,023 2.82 Due after 2 through 3 years 3,207,364 3.38 3,316,683 2.73 Due after 3 through 4 years 2,221,038 3.22 2,045,370 2.70 Due after 4 through 5 years 7,435,666 4.19 3,938,017 3.96 Thereafter 11,339,502 3.17 10,747,880 2.70 Total advances, par value 36,922,453 3.71 37,291,462 3.26 Fair-value hedging basis adjustments, net (693,968) (615,859) Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees 5,736 6,856 Total advances (1) $ 36,234,221 $ 36,682,459 (1) Carrying value equals amortized cost, which excludes accrued interest receivable The following table presents our advances outstanding by the earlier of the redemption date or the next call date and next put date. Earlier of Redemption Earlier of Redemption Term June 30, December 31, June 30, December 31, Overdrawn demand and overnight deposit accounts $ — $ 430 $ — $ 430 Due in 1 year or less 14,248,371 19,337,582 15,912,969 20,226,164 Due after 1 through 2 years 3,280,214 2,299,023 3,795,814 3,207,023 Due after 2 through 3 years 2,296,614 2,385,483 4,197,364 4,082,583 Due after 3 through 4 years 1,827,938 1,592,245 2,231,038 2,045,370 Due after 4 through 5 years 5,695,965 2,773,917 6,845,766 4,173,117 Thereafter 9,573,351 8,902,782 3,939,502 3,556,775 Total advances, par value $ 36,922,453 $ 37,291,462 $ 36,922,453 $ 37,291,462

Mortgage Loans Held for Portf_2

Mortgage Loans Held for Portfolio (Tables)	6 Months Ended
	Jun. 30, 2023
Receivables [Abstract]
Mortgage Loans Held for Portfolio	The following tables present information on our mortgage loans held for portfolio by term and type. Term June 30, 2023 December 31, 2022 Fixed-rate long-term mortgages $ 6,949,896 $ 6,676,752 Fixed-rate medium-term (1) mortgages 797,059 856,446 Total mortgage loans held for portfolio, UPB 7,746,955 7,533,198 Unamortized premiums 169,224 168,593 Unamortized discounts (11,217) (9,466) Hedging basis adjustments, net (5,712) (5,670) Total mortgage loans held for portfolio 7,899,250 7,686,655 Allowance for credit losses (200) (200) Total mortgage loans held for portfolio, net (2) $ 7,899,050 $ 7,686,455 (1) Defined as a term of 15 years or less at origination. (2) Excludes accrued interest receivable Type June 30, 2023 December 31, 2022 Conventional $ 7,605,034 $ 7,383,168 Government-guaranteed or -insured 141,921 150,030 Total mortgage loans held for portfolio, UPB $ 7,746,955 $ 7,533,198
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. June 30, 2023 Origination Year Payment Status Prior to 2019 2019 to 2023 Total Past due: 30-59 days $ 41,638 $ 14,221 $ 55,859 60-89 days 3,912 893 4,805 90 days or more 6,534 648 7,182 Total past due 52,084 15,762 67,846 Total current 2,521,996 5,165,962 7,687,958 Total conventional mortgage loans, amortized cost $ 2,574,080 $ 5,181,724 $ 7,755,804 December 31, 2022 Origination Year Payment Status Prior to 2018 2018 to 2022 Total Past due: 30-59 days $ 17,892 $ 13,041 $ 30,933 60-89 days 4,537 1,992 6,529 90 days or more 9,498 2,979 12,477 Total past due 31,927 18,012 49,939 Total current 2,422,623 5,062,416 7,485,039 Total conventional mortgage loans, amortized cost $ 2,454,550 $ 5,080,428 $ 7,534,978
Other Delinquency Statistics	June 30, 2023 Other Delinquency Statistics Conventional Government Total In process of foreclosure (1) $ 977 $ — $ 977 Serious delinquency rate (2) 0.09 % 0.59 % 0.10 % Past due 90 days or more still accruing interest (3) $ 3,359 $ 775 $ 4,134 On non-accrual status (4) $ 8,414 $ — $ 8,414 December 31, 2022 Other Delinquency Statistics Conventional Government Total In process of foreclosure (1) $ 1,655 $ — $ 1,655 Serious delinquency rate (2) 0.16 % 1.07 % 0.18 % Past due 90 days or more still accruing interest (3) $ 6,283 $ 1,552 $ 7,835 On non-accrual status (4) $ 10,984 $ — $ 10,984 (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 respective amount of mortgage loans outstanding. The total rate is a weighted-average rate. The percentage excludes principal and interest amounts previously paid in full by the servicers on conventional loans that are pending resolution of potential loss claims. Our servicers repurchase seriously delinquent government loans, including Federal Housing Administration loans, when certain criteria are met. (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, 2023 and December 31, 2022, of these conventional mortgage loans on non-accrual status, $1,191 and $3,160, respectively, of UPB 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 2023 2022 2023 2022 Balance, beginning of period $ 200 $ 200 $ 200 $ 200 (Charge-offs), net of recoveries 3 38 2 60 Provision for (reversal of) credit losses (3) (38) (2) (60) Balance, end of period $ 200 $ 200 $ 200 $ 200

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2023
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 our derivative assets and liabilities. June 30, 2023 December 31, 2022 Notional Derivative Derivative Notional Derivative Derivative Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedging instruments: Interest-rate swaps $ 80,851,192 $ 1,025,694 $ 2,087,330 $ 66,103,220 $ 919,089 $ 2,178,897 Derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps 764,802 5,772 39 6,200,000 599 525 Interest-rate caps/floors 811,000 2,191 — 611,000 1,310 — Interest-rate forwards 81,900 185 14 30,200 131 — MDCs 81,787 37 188 30,855 50 102 Total derivatives not designated as hedging instruments 1,739,489 8,185 241 6,872,055 2,090 627 Total derivatives before adjustments $ 82,590,681 1,033,879 2,087,571 $ 72,975,275 921,179 2,179,524 Netting adjustments and cash collateral (1) (487,129) (2,057,999) (486,758) (2,160,315) Total derivatives, net, at estimated fair value $ 546,750 $ 29,572 $ 434,421 $ 19,209 (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, 2023 and December 31, 2022, including accrued interest, totaled $1,758,290 and $1,854,876, respectively. Cash collateral received from counterparties and held at June 30, 2023 and December 31, 2022, including accrued interest, totaled $187,421 and $181,319, respectively .
Offsetting of Derivative Assets and Derivative Liabilities	The following table presents separately the estimated fair value of our derivative instruments meeting and not meeting netting requirements, including the effect of the related collateral. June 30, 2023 December 31, 2022 Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities Derivative instruments meeting netting requirements: Gross recognized amount Uncleared $ 978,881 $ 2,024,580 $ 892,313 $ 2,178,098 Cleared 54,776 62,789 28,685 1,324 Total gross recognized amount 1,033,657 2,087,369 920,998 2,179,422 Gross amounts of netting adjustments and cash collateral Uncleared (964,698) (1,995,210) (884,451) (2,158,991) Cleared 477,569 (62,789) 397,693 (1,324) Total gross amounts of netting adjustments and cash collateral (487,129) (2,057,999) (486,758) (2,160,315) Net amounts after netting adjustments and cash collateral Uncleared 14,183 29,370 7,862 19,107 Cleared 532,345 — 426,378 — Total net amounts after netting adjustments and cash collateral 546,528 29,370 434,240 19,107 Derivative instruments not meeting netting requirements (1) 222 202 181 102 Total derivatives, net, at estimated fair value $ 546,750 $ 29,572 $ 434,421 $ 19,209 (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 our 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, 2023 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ 148,661 $ 116,903 $ (234,848) $ 30,716 Net gains (losses) on derivatives (2) 221,614 68,048 (255,180) 34,482 Net gains (losses) on hedged items (3) (223,642) (85,751) 254,777 (54,616) Net impact on net interest income $ 146,633 $ 99,200 $ (235,251) $ 10,582 Total interest income (expense) recorded in the Statement of Income (4) $ 491,756 $ 200,507 $ (543,752) $ 148,511 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 Six Months Ended June 30, 2023 Advances AFS Securities CO Bonds Total Net impact of fair-value hedging relationships on net interest income: Net interest settlements on derivatives (1) $ 266,555 $ 214,175 $ (441,901) $ 38,829 Net gains (losses) on derivatives (2) 38,303 (21,150) 129,196 146,349 Net gains (losses) on hedged items (3) (47,135) (18,521) (129,893) (195,549) Net impact on net interest income $ 257,723 $ 174,504 $ (442,598) $ (10,371) Total interest income (expense) recorded in the Statement of Income (4) $ 925,984 $ 372,226 $ (990,426) $ 307,784 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 (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 increases (decreases) in estimated fair value and price alignme nt interest. (3) Includes increases (decreases) in estimated fair value and amortization of net losses on ineffective and discontinued fair-value hedging relationships. (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 our net gains (losses) on derivatives reported in other income. Three Months Ended June 30, Six Months Ended June 30, Type of Hedge 2023 2022 2023 2022 Net gains (losses) on derivatives not designated as hedging instruments: Economic hedges: Interest-rate swaps $ 1,904 $ 16,413 $ (8,171) $ 38,463 Interest-rate caps/floors 516 (42) (429) 131 Interest-rate forwards 723 1,768 58 7,026 Net interest settlements (1) 2,626 881 12,444 (1,137) MDCs (799) (1,817) (295) (7,286) Net gains (losses) on derivatives in other income $ 4,970 $ 17,203 $ 3,607 $ 37,197 (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, our hedged items in qualifying fair-value hedging relationships. June 30, 2023 Advances AFS Securities CO Bonds Amortized cost of hedged items (1) $ 25,078,490 $ 13,586,588 $ 37,983,765 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ (693,968) $ (1,400,651) $ (1,987,837) For discontinued fair-value hedging relationships — 282,866 — Total cumulative fair-value hedging basis adjustments on hedged items $ (693,968) $ (1,117,785) $ (1,987,837) December 31, 2022 Advances AFS Securities CO Bonds Amortized cost of hedged items (1) $ 20,766,832 $ 12,189,776 $ 28,717,246 Cumulative basis adjustments included in amortized cost: For active fair-value hedging relationships (2) $ (615,898) $ (1,417,774) $ (2,147,802) For discontinued fair-value hedging relationships 39 317,888 — Total cumulative fair-value hedging basis adjustments on hedged items $ (615,859) $ (1,099,886) $ (2,147,802) (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, 2023
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, 2023 December 31, 2022 Book value $ 20,199,909 $ 27,387,492 Par value 20,283,393 27,533,665 Weighted average effective interest rate 5.08 % 4.16 %
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. Call Feature June 30, 2023 December 31, 2022 Non-callable / non-putable $ 14,161,500 $ 11,979,560 Callable 36,312,000 30,022,500 Total CO bonds, par value $ 50,473,500 $ 42,002,060
CO Bonds by Year of Contractual Maturity	The following table presents our CO bonds outstanding by contractual maturity. June 30, 2023 December 31, 2022 Year of Contractual Maturity Amount WAIR% Amount WAIR% Due in 1 year or less $ 17,235,125 4.31 $ 10,016,310 3.05 Due after 1 through 2 years 13,893,905 2.29 8,014,590 1.48 Due after 2 through 3 years 5,123,740 1.43 6,278,940 1.37 Due after 3 through 4 years 5,116,420 1.42 7,130,600 1.25 Due after 4 through 5 years 1,402,680 2.01 2,312,540 1.76 Thereafter 7,701,630 2.50 8,249,080 2.35 Total CO bonds, par value 50,473,500 2.83 42,002,060 1.99 Unamortized premiums 39,488 45,535 Unamortized discounts (9,781) (10,165) Unamortized concessions (7,284) (7,174) Fair-value hedging basis adjustments, net (1,987,837) (2,147,802) Total CO bonds $ 48,508,086 $ 39,882,454 Year of Contractual Maturity or Next Call Date June 30, 2023 December 31, 2022 Due in 1 year or less $ 44,850,625 $ 37,066,810 Due after 1 through 2 years 2,543,905 1,444,590 Due after 2 through 3 years 872,740 770,940 Due after 3 through 4 years 384,920 804,100 Due after 4 through 5 years 326,680 268,540 Thereafter 1,494,630 1,647,080 Total CO bonds, par value $ 50,473,500 $ 42,002,060
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, 2023 December 31, 2022 Fixed-rate $ 46,421,500 $ 36,957,560 Step-up 1,418,500 2,268,500 Simple variable-rate 2,633,500 2,776,000 Total CO bonds, par value $ 50,473,500 $ 42,002,060

Affordable Housing Program (Tab

Affordable Housing Program (Tables)	6 Months Ended
	Jun. 30, 2023
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 2023 2022 2023 2022 Liability at beginning of period $ 46,615 $ 31,937 $ 38,170 $ 31,049 Assessments (1) 10,637 3,623 21,280 6,828 Subsidy usage, net (2) (4,117) (6,607) (6,315) (8,924) Liability at end of period $ 53,135 $ 28,953 $ 53,135 $ 28,953 (1) Assessments are reported separately on the Statement of Income as a reduction to Income before assessments. (2) Subsidies disbursed are reported net of returns/recaptures of previously disbursed subsidies.

Capital (Tables)

Capital (Tables)	6 Months Ended
	Jun. 30, 2023
Banking Regulation, Total Capital [Abstract]
Schedule of Capital Stock Outstanding by Sub-series	The following table presents our capital stock outstanding by sub-series. Capital Stock Sub-Series June 30, 2023 December 31, 2022 Class B-1 (1) $ 734,001 $ 535,345 Class B-2 (2) 1,646,489 1,587,780 Total Class B $ 2,380,490 $ 2,123,125 (1) Non-activity-based stock. (2) Activity-based stock.
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 2023 2022 2023 2022 Liability at beginning of period $ 372,487 $ 45,591 $ 372,503 $ 50,422 Reclassification from capital stock — — 13 — Redemptions/repurchases (1,865) (8) (1,894) (4,839) Liability at end of period $ 370,622 $ 45,583 $ 370,622 $ 45,583 The following table presents our MRCS by contractual year of redemption. The year of redemption is the later of (i) the final year of the five-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, 2023 December 31, 2022 Past contractual redemption date (1) $ 777 $ 498 Year 1 (2) 8,743 10,048 Year 2 12,124 9,872 Year 3 16,059 19,179 Year 4 3,674 3,674 Year 5 329,245 329,232 Total MRCS $ 370,622 $ 372,503 (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 our MRCS. Three Months Ended June 30, Six Months Ended June 30, MRCS Distributions 2023 2022 2023 2022 Recorded as interest expense $ 4,370 $ 269 $ 8,480 $ 514 Recorded as distributions from retained earnings 1 — 707 — Total $ 4,371 $ 269 $ 9,187 $ 514
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	As presented in the following table, we were in compliance with these Finance Agency capital requirements at June 30, 2023 and December 31, 2022. June 30, 2023 December 31, 2022 Regulatory Capital Requirements Required Actual Required Actual Risk-based capital $ 1,158,404 $ 4,164,585 $ 489,240 $ 3,781,992 Total regulatory capital $ 2,970,818 $ 4,164,585 $ 2,891,351 $ 3,781,992 Total regulatory capital-to-assets ratio 4.00% 5.61% 4.00% 5.23% Leverage capital $ 3,713,523 $ 6,246,878 $ 3,614,189 $ 5,672,988 Leverage ratio 5.00% 8.41% 5.00% 7.85%

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2023
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 our AOCI. AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI (Loss) Balance, March 31, 2023 $ (57,916) $ (15,512) $ (73,428) OCI before reclassifications: Net change in unrealized gains 61,911 — 61,911 Reclassifications from OCI to net income: Pension benefits, net — 1,206 1,206 Total other comprehensive income 61,911 1,206 63,117 Balance, June 30, 2023 $ 3,995 $ (14,306) $ (10,311) 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 AOCI Rollforward Unrealized Gains (Losses) on AFS Securities Pension Benefits Total AOCI (Loss) Balance, December 31, 2022 $ (9,939) $ (15,852) $ (25,791) OCI before reclassifications: Net change in unrealized gains 13,934 — 13,934 Reclassifications from OCI to net income: Pension benefits, net — 1,546 1,546 Total other comprehensive income 13,934 1,546 15,480 Balance, June 30, 2023 $ 3,995 $ (14,306) $ (10,311) 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

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Financial Performance by Operating Segment	The following table presents our financial performance by operating segment. Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 112,133 $ 11,460 $ 123,593 $ 50,671 $ 13,151 $ 63,822 Provision for (reversal of) credit losses — (3) (3) — (38) (38) Other income (loss) 9,031 120 9,151 (1,732) 34 (1,698) Other expenses 26,855 3,893 30,748 22,436 3,767 26,203 Income before assessments 94,309 7,690 101,999 26,503 9,456 35,959 Affordable Housing Program assessments 9,868 769 10,637 2,677 946 3,623 Net income $ 84,441 $ 6,921 $ 91,362 $ 23,826 $ 8,510 $ 32,336 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Traditional Mortgage Loans Total Traditional Mortgage Loans Total Net interest income $ 202,802 $ 24,440 $ 227,242 $ 103,361 $ 25,045 $ 128,406 Provision for (reversal of) credit losses — (2) (2) — (60) (60) Other income (loss) 39,283 15 39,298 (8,942) (158) (9,100) Other expenses 54,272 7,947 62,219 44,202 7,395 51,597 Income before assessments 187,813 16,510 204,323 50,217 17,552 67,769 Affordable Housing Program assessments 19,629 1,651 21,280 5,073 1,755 6,828 Net income $ 168,184 $ 14,859 $ 183,043 $ 45,144 $ 15,797 $ 60,941
Schedule of Segment Assets by Segment	The following table presents our asset balances by operating segment. Date Traditional Mortgage Loans Total June 30, 2023 $ 66,371,402 $ 7,899,050 $ 74,270,452 December 31, 2022 64,597,325 7,686,455 72,283,780

Estimated Fair Values (Tables)

Estimated Fair Values (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 63,585 $ 63,585 $ 63,585 $ — $ — $ — Interest-bearing deposits 817,845 817,845 817,803 42 — — Securities purchased under agreements to resell 4,400,000 4,400,000 — 4,400,000 — — Federal funds sold 5,027,000 5,027,000 — 5,027,000 — — Trading securities 345,258 345,258 — 345,258 — — AFS securities 13,590,583 13,590,583 — 13,590,583 — — HTM securities 4,837,706 4,752,998 — 4,752,998 — — Advances 36,234,221 36,070,388 — 36,070,388 — — Mortgage loans held for portfolio, net 7,899,050 7,106,163 — 7,101,949 4,214 — Loans to other FHLBanks 250,000 250,000 — 250,000 — — Accrued interest receivable 156,432 156,432 — 156,432 — — Derivative assets, net 546,750 546,750 — 1,033,879 — (487,129) Grantor trust assets (2) 57,432 57,432 57,432 — — — Liabilities: Deposits 663,307 663,307 — 663,307 — — Consolidated obligations: Discount notes 20,199,909 20,205,412 — 20,205,412 — — Bonds 48,508,086 47,469,514 — 47,469,514 — — Accrued interest payable 283,062 283,062 — 283,062 — — Derivative liabilities, net 29,572 29,572 — 2,087,571 — (2,057,999) MRCS 370,622 370,622 370,622 — — — December 31, 2022 Estimated Fair Value Carrying Netting Financial Instruments Value Total Level 1 Level 2 Level 3 Adjustments (1) Assets: Cash and due from banks $ 21,161 $ 21,161 $ 21,161 $ — $ — $ — Interest-bearing deposits 856,060 856,060 856,019 41 — — Securities purchased under agreements to resell 4,550,000 4,550,000 — 4,550,000 — — Federal funds sold 3,148,000 3,148,000 — 3,148,000 — — Trading securities 2,230,248 2,230,248 — 2,230,248 — — AFS securities 12,179,837 12,179,837 — 12,179,837 — — HTM securities 4,240,201 4,156,218 — 4,156,218 — — Advances 36,682,459 36,468,949 — 36,468,949 — — Mortgage loans held for portfolio, net 7,686,455 6,867,904 — 6,859,956 7,948 — Accrued interest receivable 152,867 152,867 — 152,867 — — Derivative assets, net 434,421 434,421 — 921,179 — (486,758) Grantor trust assets (2) 53,166 53,166 53,166 — — — Liabilities: Deposits 595,907 595,907 — 595,907 — — Consolidated obligations: Discount notes 27,387,492 27,387,547 — 27,387,547 — — Bonds 39,882,454 38,690,400 — 38,690,400 — — Accrued interest payable 162,584 162,584 — 162,584 — — Derivative liabilities, net 19,209 19,209 — 2,179,524 — (2,160,315) MRCS 372,503 372,503 372,503 — — — (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. June 30, 2023 Netting Financial Instruments Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 345,258 $ — $ 345,258 $ — $ — Total trading securities 345,258 — 345,258 — — AFS securities: U.S. Treasury obligations 5,357,112 — 5,357,112 — — GSE and TVA debentures 1,771,170 — 1,771,170 — — GSE multifamily MBS 6,462,301 — 6,462,301 — — Total AFS securities 13,590,583 — 13,590,583 — — Derivative assets: Interest-rate related 546,713 — 1,033,842 — (487,129) MDCs 37 — 37 — — Total derivative assets, net 546,750 — 1,033,879 — (487,129) Other assets: Grantor trust assets 57,432 57,432 — — — Total assets at recurring estimated fair value $ 14,540,023 $ 57,432 $ 14,969,720 $ — $ (487,129) Derivative liabilities: Interest-rate related $ 29,384 $ — $ 2,087,383 $ — $ (2,057,999) MDCs 188 — 188 — — Total derivative liabilities, net 29,572 — 2,087,571 — (2,057,999) Total liabilities at recurring estimated fair value $ 29,572 $ — $ 2,087,571 $ — $ (2,057,999) December 31, 2022 Netting Financial Instruments Total Level 1 Level 2 Level 3 Adjustments (1) Trading securities: U.S. Treasury obligations $ 2,230,248 $ — $ 2,230,248 $ — $ — Total trading securities 2,230,248 — 2,230,248 — — AFS securities: U.S. Treasury obligations 4,209,674 — 4,209,674 — — GSE and TVA debentures 1,902,703 — 1,902,703 — — GSE multifamily MBS 6,067,460 — 6,067,460 — — Total AFS securities 12,179,837 — 12,179,837 — — Derivative assets: Interest-rate related 434,371 — 921,129 — (486,758) MDCs 50 — 50 — — Total derivative assets, net 434,421 — 921,179 — (486,758) Other assets: Grantor trust assets 53,166 53,166 — — — Total assets at recurring estimated fair value $ 14,897,672 $ 53,166 $ 15,331,264 $ — $ (486,758) Derivative liabilities: Interest-rate related $ 19,107 $ — $ 2,179,422 $ — $ (2,160,315) MDCs 102 — 102 — — Total derivative liabilities, net 19,209 — 2,179,524 — (2,160,315) Total liabilities at recurring estimated fair value $ 19,209 $ — $ 2,179,524 $ — $ (2,160,315) (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.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Off-Balance Sheet Commitments	The following table presents our off-balance-sheet commitments at their notional amounts. June 30, 2023 Type of Commitment Expire within one year Expire after one year Total Standby letters of credit outstanding (1) $ 403,380 $ 301,657 $ 705,037 Commitments for standby bond purchases — 195,814 195,814 Unused lines of credit (2) 1,106,859 — 1,106,859 Commitments to fund additional advances (3) 76,317 4,087 80,404 Commitments to purchase mortgage loans, net (4) 81,787 — 81,787 Unsettled CO bonds, at par 178,825 — 178,825 Unsettled discount notes, at par 86,500 — 86,500 (1) Excludes unconditional commitments to issue standby letters of credit totaling $66,958. (2) Maximum line of credit amount per member is $100,000. (3) Generally for periods up to six months. (4) Generally for periods up to 91 days.

Related Party and Other Trans_2

Related Party and Other Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 2022 2023 2022 Net capital stock issuances (redemptions and repurchases) $ 1,402 $ 3,437 $ 3,805 $ (46,983) Net advances (repayments) (74,218) 3,034,988 (125,512) 1,234,703 Mortgage loan purchases 10,881 4,025 14,004 12,747
Outstanding Balances with Respect to Transactions with Related Parties	The following table presents the aggregate balances of capital stock and advances outstanding for our directors' financial institutions and their balances as a percent of the total balances on our statement of condition. June 30, 2023 December 31, 2022 Balances with Directors' Financial Institutions Par Value % of Total Par Value % of Total Capital stock $ 56,221 2 % $ 49,869 2 % Advances 736,725 2 % 886,191 2 %

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Short-Term Investments [Line Items]
InterestBearingDepositsSecuritiesPurchasedUnderAgreementsToResellAndFederalFundsSoldPercentageRatedBelowTripleB	0%	0%
Investments with unrated counterparties (percent)	4%	4%
InterestBearingDepositsFederalFundsSoldSecuritiesPurchasedUnderAgreementstoResellMember [Member]
Short-Term Investments [Line Items]
Allowance for credit loss	$ 0	$ 0

Investments - Trading Securitie

Investments - Trading Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Total trading securities at estimated fair value	$ 345,258		$ 345,258		$ 2,230,248
Debt Securities, Trading, Gain (Loss) [Abstract]
Net gains (losses) on trading securities held at period end	615	$ (13,740)	2,396	$ (34,831)
Net gains (losses) on trading securities that matured/sold during the period	143	(480)	6,676	(3,584)
Net gains (losses) on trading securities	758	$ (14,220)	9,072	$ (38,415)
U.S. Treasury obligations
Debt and Equity Securities, FV-NI [Line Items]
Total trading securities at estimated fair value	$ 345,258		$ 345,258		$ 2,230,248

Investments - AFS Securities -

Investments - AFS Securities - Major Security Types (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	[1]	$ 13,586,588	$ 12,189,776
Gross Unrealized Gains		57,226	43,710
Gross Unrealized Losses		(53,231)	(53,649)
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583	12,179,837
Unamortized premium (discount)		(298,810)	(294,587)
Applicable fair value hedging-basis adjustment		(1,117,785)	(1,099,886)
Accrued interest receivable		$ 54,248	$ 53,358
Debt Securities, Available-for-Sale, Excluded Accrued Interest from Amortized Cost [true false]		false
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Accrued interest receivable	Accrued interest receivable
U.S. Treasury obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 5,338,509	$ 4,207,974
Gross Unrealized Gains		18,712	3,502
Gross Unrealized Losses		(109)	(1,802)
Debt Securities, Available-for-Sale, Excluding Accrued Interest		5,357,112	4,209,674
GSE and TVA debentures
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		1,752,141	1,882,802
Gross Unrealized Gains		19,029	20,144
Gross Unrealized Losses		0	(243)
Debt Securities, Available-for-Sale, Excluding Accrued Interest		1,771,170	1,902,703
GSE multifamily MBS | Multifamily
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		6,495,938	6,099,000
Gross Unrealized Gains		19,485	20,064
Gross Unrealized Losses		(53,122)	(51,604)
Debt Securities, Available-for-Sale, Excluding Accrued Interest		$ 6,462,301	$ 6,067,460
[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. At June 30, 2023 and December 31, 2022, net unamortized discounts totaled $(298,810) and $(294,587), respectively, and the applicable fair-value hedging basis adjustments totaled net losses of $(1,117,785) and $(1,099,886), respectively. Excludes accrued interest

Investments - AFS Securities _2

Investments - AFS Securities - Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	$ 1,834,439	$ 5,395,432
Less than 12 Months, Unrealized Losses	(11,275)	(43,091)
12 Months or More, Estimated Fair Value	2,603,662	301,339
12 Months or More, Unrealized Losses	(41,956)	(10,558)
Total Estimated Fair Value	4,438,101	5,696,771
Total Unrealized Losses	(53,231)	(53,649)
U.S. Treasury obligations
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	393,973	1,836,099
Less than 12 Months, Unrealized Losses	(109)	(1,802)
12 Months or More, Estimated Fair Value	0	0
12 Months or More, Unrealized Losses	0	0
Total Estimated Fair Value	393,973	1,836,099
Total Unrealized Losses	(109)	(1,802)
GSE and TVA debentures
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value		75,024
Less than 12 Months, Unrealized Losses		(243)
12 Months or More, Estimated Fair Value		0
12 Months or More, Unrealized Losses		0
Total Estimated Fair Value		75,024
Total Unrealized Losses		(243)
GSE multifamily MBS | Multifamily
Available-for-sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	1,440,466	3,484,309
Less than 12 Months, Unrealized Losses	(11,166)	(41,046)
12 Months or More, Estimated Fair Value	2,603,662	301,339
12 Months or More, Unrealized Losses	(41,956)	(10,558)
Total Estimated Fair Value	4,044,128	3,785,648
Total Unrealized Losses	$ (53,122)	$ (51,604)

Investments - AFS Securities _3

Investments - AFS Securities - Redemption Terms (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
Amortized Cost	[1]	$ 13,586,588	$ 12,189,776
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583	12,179,837
Available for Sale Securities Other Than MBS and ABS
Amortized Cost
Due in 1 year or less, Amortized cost		0	131,329
Due after 1 year through 5 years, Amortized cost		2,898,606	1,575,581
Due after 5 through 10 years		4,192,044	4,383,866
Amortized Cost		7,090,650	6,090,776
Due in 1 year or less, Fair value		0	131,517
Due in 1 year through 5 years, Fair value		2,922,057	1,594,583
Due in 5 years through 10 years, Fair value		4,206,225	4,386,277
Debt Securities, Available-for-Sale, Excluding Accrued Interest		7,128,282	6,112,377
Mortgage Backed Securities
Amortized Cost
Total MBS, Amortized cost		6,495,938	6,099,000
Total MBS, Fair value		$ 6,462,301	$ 6,067,460
[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. At June 30, 2023 and December 31, 2022, net unamortized discounts totaled $(298,810) and $(294,587), respectively, and the applicable fair-value hedging basis adjustments totaled net losses of $(1,117,785) and $(1,099,886), respectively. Excludes accrued interest

Investments - AFS Narrative (De

Investments - AFS Narrative (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
AFS and HTM securities, based on amortized cost, rated single-A or above (percent)	100%	100%
AFS securities allowance for credit loss	$ 0	$ 0

Investments - HTM Securities -

Investments - HTM Securities - Major Security Types (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	[1]	$ 4,837,706	$ 4,240,201
Gross Unrecognized Holding Gains		1,292	2,646
Gross Unrecognized Holding Losses		(86,000)	(86,629)
Estimated fair value		4,752,998	4,156,218
Unamortized premium, net		23,795	26,125
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Single Family
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		585,800	619,910
Gross Unrecognized Holding Gains		184	518
Gross Unrecognized Holding Losses		(38,431)	(39,634)
Estimated fair value		547,553	580,794
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Multifamily
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		568,462	628,589
Gross Unrecognized Holding Gains		0	0
Gross Unrecognized Holding Losses		(2,757)	(3,889)
Estimated fair value		565,705	624,700
Residential Mortgage Backed Securities Other US Obligations | Single Family
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		3,683,444	2,991,702
Gross Unrecognized Holding Gains		1,108	2,128
Gross Unrecognized Holding Losses		(44,812)	(43,106)
Estimated fair value		$ 3,639,740	$ 2,950,724
[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, 2023 and December 31, 2022 to tale d $23,795 and $26,125, respectively.

Investments - AFS Securities _4

Investments - AFS Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales	$ 85,113	$ 0	$ 85,113	$ 0
Net realized gains on AFS securities	$ (142)

Investments - HTM Securities _2

Investments - HTM Securities - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Held to maturity principal outstanding, percentage collected prior to sale		85%
Proceeds from sales	$ 9,769	$ 9,769	$ 0
Debt Securities, Held-to-Maturity, Sold, Realized Gain (Loss), Excluding Other-than-temporary Impairment	(71)	(71)
HTM securities allowance for credit loss	$ 0	$ 0		$ 0

Advances - Advances by Year of

Advances - Advances by Year of Contractual Maturity (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Year of Contractual Maturity, Amount
Overdrawn demand and overnight deposit accounts		$ 0	$ 430
Due in 1 year or less		9,298,969	14,517,059
Due after 1 through 2 years		3,419,914	2,726,023
Due after 2 through 3 years		3,207,364	3,316,683
Due after 3 through 4 years		2,221,038	2,045,370
Due after 4 through 5 years		7,435,666	3,938,017
Thereafter		11,339,502	10,747,880
Total advances, par value		36,922,453	37,291,462
Fair-value hedging basis adjustments, net		(693,968)	(615,859)
Unamortized swap termination fees associated with modified advances, net of deferred prepayment fees		5,736	6,856
Total Advances	[1]	$ 36,234,221	$ 36,682,459
Year of Contractual Maturity, WAIR %
Overdrawn demand and overnight deposit accounts		0%	6.74%
Due in 1 year or less		4.50%	3.77%
Due after 1 through 2 years		2.89%	2.82%
Due after 2 through 3 years		3.38%	2.73%
Due after 3 through 4 years		3.22%	2.70%
Due after 4 through 5 years		4.19%	3.96%
Thereafter		3.17%	2.70%
Total advances, par value		3.71%	3.26%
Federal Home Loan Bank, Advances [Line Items]
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Accrued interest receivable	Accrued interest receivable
Federal Home Loan Bank Advances Receivable
Federal Home Loan Bank, Advances [Line Items]
Accrued interest		$ 52,966	$ 50,446
[1]Carrying value equals amortized cost, which excludes accrued interest receivable

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, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances, Earlier of Contractual Maturity or Next Call Date, Rolling Year, Par Value [Abstract]
Overdrawn demand and overnight deposit accounts	$ 0	$ 430
Due in 1 year or less	14,248,371	19,337,582
Due after 1 through 2 years	3,280,214	2,299,023
Due after 2 through 3 years	2,296,614	2,385,483
Due after 3 through 4 years	1,827,938	1,592,245
Due after 4 through 5 years	5,695,965	2,773,917
Thereafter	9,573,351	8,902,782
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	0	430
Due in 1 year or less	15,912,969	20,226,164
Due after 1 through 2 years	3,795,814	3,207,023
Due after 2 through 3 years	4,197,364	4,082,583
Due after 3 through 4 years	2,231,038	2,045,370
Due after 4 through 5 years	6,845,766	4,173,117
Thereafter	3,939,502	3,556,775
Total advances, par value	$ 36,922,453	$ 37,291,462

Advances - Narrative (Details)

Advances - Narrative (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Advances [Abstract]
Percent of advances par value held by top five borrowers	38%	41%
Percent of Advances Par Value Held by Top Borrower	13%	12%
Federal Home Loan Bank Advances Receivable
Federal Home Loan Bank, Advances [Line Items]
Allowance 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, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Total mortgage loans held for portfolio, net (2)		$ 7,899,050		$ 7,686,455
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Accrued interest receivable		Accrued interest receivable
Residential Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		$ 7,746,955		$ 7,533,198
Unamortized premiums		169,224		168,593
Unamortized discounts		(11,217)		(9,466)
Hedging basis adjustments, net		(5,712)		(5,670)
Total		7,899,250		7,686,655
Allowance for credit losses		(200)		(200)
Total mortgage loans held for portfolio, net (2)	[1]	7,899,050		7,686,455
Accrued interest		32,955		30,396
Residential Portfolio Segment | Government-guaranteed or -insured
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		141,921		150,030
Fixed-rate long-term mortgages
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		6,949,896		6,676,752
Loans Receivable With Fixed Rates Of Interest Medium Term
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held	[2]	$ 797,059		856,446
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		$ 7,755,804		7,534,978
Conventional | Residential Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Mortgage loans held		7,605,034		7,383,168
Allowance for credit losses		$ (200)	$ (200)	$ (200)	$ (200)	$ (200)	$ (200)
[1]Excludes accrued interest receivable

Mortgage Loans Held for Portf_4

Mortgage Loans Held for Portfolio - Credit Quality Indicators (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
In process of foreclosure	[1]	$ 977	$ 1,655
Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Total		7,899,250	7,686,655
Past due 90 days or more still accruing interest	[2]	4,134	7,835
On non-accrual status	[3]	$ 8,414	$ 10,984
90 days or more | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Serious delinquency rate (in percent)	[4]	0.10%	0.18%
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]	775	1,552
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]	0.59%	1.07%
Conventional
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		$ 2,574,080	$ 2,454,550
Mortgages originated in current fiscal year and preceding 4 fiscal years		5,181,724	5,080,428
Total		7,755,804	7,534,978
In process of foreclosure	[1]	977	1,655
Conventional | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Past due 90 days or more still accruing interest	[2]	3,359	6,283
On non-accrual status	[3]	8,414	10,984
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance		1,191	3,160
Conventional | 30-59 days
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		41,638	17,892
Mortgages originated in current fiscal year and preceding 4 fiscal years		14,221	13,041
Total		55,859	30,933
Conventional | 60-89 days
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		3,912	4,537
Mortgages originated in current fiscal year and preceding 4 fiscal years		893	1,992
Total		4,805	6,529
Conventional | 90 days or more
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		6,534	9,498
Mortgages originated in current fiscal year and preceding 4 fiscal years		648	2,979
Total		$ 7,182	$ 12,477
Conventional | 90 days or more | Residential Portfolio Segment
Financing Receivable, Past Due [Line Items]
Serious delinquency rate (in percent)	[4]	0.09%	0.16%
Conventional | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		$ 52,084	$ 31,927
Mortgages originated in current fiscal year and preceding 4 fiscal years		15,762	18,012
Total		67,846	49,939
Conventional | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year		2,521,996	2,422,623
Mortgages originated in current fiscal year and preceding 4 fiscal years		5,165,962	5,062,416
Total		$ 7,687,958	$ 7,485,039
[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, 2023 and December 31, 2022, of these conventional mortgage loans on non-accrual status, $1,191 and $3,160, respectively, of UPB 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 respective amount of mortgage loans outstanding. The total rate is a weighted-average rate. The percentage excludes principal and interest amounts previously paid in full by the servicers on conventional loans that are pending resolution of potential loss claims. Our servicers repurchase seriously delinquent government loans, including Federal Housing Administration loans, when certain criteria are met.

Mortgage Loans Held for Portf_5

Mortgage Loans Held for Portfolio - Rollforward (Details) - Residential Portfolio Segment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Rollforward of Allowance
Balance, beginning of period			$ 200
Balance, end of period	$ 200		200
Conventional
Rollforward of Allowance
Balance, beginning of period	200	$ 200	200	$ 200
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)	3	38	2	60
Provision for (reversal of) credit losses	(3)	(38)	(2)	(60)
Balance, end of period	$ 200	$ 200	$ 200	$ 200

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities Derivative Notional Amounts (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Net liability position, aggregate fair value		$ 0
Notional amount of derivatives		82,590,681	$ 72,975,275
Estimated fair value of derivative assets		1,033,879	921,179
Estimated fair value of derivative liabilities		2,087,571	2,179,524
Netting adjustments and cash collateral, derivative asset	[1],[2]	(487,129)	(486,758)
Netting adjustments and cash collateral, derivative liability	[1],[2]	(2,057,999)	(2,160,315)
Total derivatives, net, at estimated fair value		546,750	434,421
Total derivatives, net, at estimated fair value		29,572	19,209
Cash collateral pledged to counterparties		1,758,290	1,854,876
Cash collateral received from counterparties		187,421	181,319
Uncleared
Derivatives, Fair Value [Line Items]
Securities pledged as collateral		8,620	0
Netting adjustments and cash collateral, derivative asset		(964,698)	(884,451)
Netting adjustments and cash collateral, derivative liability		(1,995,210)	(2,158,991)
Derivatives designated as hedging instruments | Interest-rate swaps
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		80,851,192	66,103,220
Estimated fair value of derivative assets		1,025,694	919,089
Estimated fair value of derivative liabilities		2,087,330	2,178,897
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		1,739,489	6,872,055
Estimated fair value of derivative assets		8,185	2,090
Estimated fair value of derivative liabilities		241	627
Derivatives not designated as hedging instruments | Interest-rate swaps
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		764,802	6,200,000
Estimated fair value of derivative assets		5,772	599
Estimated fair value of derivative liabilities		39	525
Derivatives not designated as hedging instruments | Interest-rate caps/floors
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		811,000	611,000
Estimated fair value of derivative assets		2,191	1,310
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		81,900	30,200
Estimated fair value of derivative assets		185	131
Estimated fair value of derivative liabilities		14	0
MDCs | Derivatives not designated as hedging instruments | Interest-rate forwards
Derivatives, Fair Value [Line Items]
Notional amount of derivatives		81,787	30,855
Estimated fair value of derivative assets		37	50
Estimated fair value of derivative liabilities		$ 188	$ 102
[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, 2023 and December 31, 2022, including accrued interest, totaled $1,758,290 and $1,854,876, respectively. Cash collateral received from counterparties and held at June 30, 2023 and December 31, 2022, including accrued interest, totaled $187,421 and $181,319, respectively .

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities Offsetting of Derivative Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Derivative Assets
Gross recognized amount		$ 1,033,657	$ 920,998
Gross amounts of netting adjustments and cash collateral	[1],[2]	(487,129)	(486,758)
Net amounts after netting adjustments and cash collateral		546,528	434,240
Derivative instruments not meeting netting requirements	[3]	222	181
Derivative assets, net		546,750	434,421
Derivative Liabilities
Gross recognized amount		2,087,369	2,179,422
Gross amounts of netting adjustments and cash collateral	[1],[2]	(2,057,999)	(2,160,315)
Net amounts after netting adjustments and cash collateral		29,370	19,107
Derivative instruments not meeting netting requirements	[3]	202	102
Derivative liabilities, net (Note 6)		29,572	19,209
Uncleared
Derivative Assets
Gross recognized amount		978,881	892,313
Gross amounts of netting adjustments and cash collateral		(964,698)	(884,451)
Net amounts after netting adjustments and cash collateral		14,183	7,862
Derivative Liabilities
Gross recognized amount		2,024,580	2,178,098
Gross amounts of netting adjustments and cash collateral		(1,995,210)	(2,158,991)
Net amounts after netting adjustments and cash collateral		29,370	19,107
Cleared
Derivative Assets
Gross recognized amount		54,776	28,685
Gross amounts of netting adjustments and cash collateral		477,569	397,693
Net amounts after netting adjustments and cash collateral		532,345	426,378
Derivative Liabilities
Gross recognized amount		62,789	1,324
Gross amounts of netting adjustments and cash collateral		(62,789)	(1,324)
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, 2023 and December 31, 2022, including accrued interest, totaled $1,758,290 and $1,854,876, respectively. Cash collateral received from counterparties and held at June 30, 2023 and December 31, 2022, including accrued interest, totaled $187,421 and $181,319, respectively .

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, 2023		Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives		$ 34,482	[1]	$ (142,135)	$ 146,349	$ (507,485)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Total interest income (expense) recorded in the Statement of Income		Total interest income (expense) recorded in the Statement of Income	Total interest income (expense) recorded in the Statement of Income	Total interest income (expense) recorded in the Statement of Income
Total interest income (expense) recorded in the Statement of Income		$ 123,593		$ 63,822	$ 227,242	$ 128,406
Interest Income (Expense), Net
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[2]	30,716		742	38,829	(10,488)
Net gains (losses) on hedged items	[3]	(54,616)		117,085	(195,549)	467,751
Net changes in fair value before price alignment interest		10,582		(24,308)	(10,371)	(50,222)
Total interest income (expense) recorded in the Statement of Income	[4]	$ 148,511		$ 6,933	$ 307,784	$ 12,720
Advances
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Advances		Advances	Advances	Advances
Advances | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives		$ 221,614	[1]	$ 141,937	$ 38,303	$ 498,571
Advances | Interest Income | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[2]	148,661		(18,870)	266,555	(59,024)
Net gains (losses) on hedged items	[3]	(223,642)		(147,671)	(47,135)	(500,575)
Net changes in fair value before price alignment interest		146,633		(24,604)	257,723	(61,028)
Total interest income (expense) recorded in the Statement of Income	[4]	$ 491,756		$ 67,562	$ 925,984	$ 102,603
AFS Securities
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Available-for-sale securities		Available-for-sale securities	Available-for-sale securities	Available-for-sale securities
AFS Securities | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives		$ 68,048	[1]	$ 106,280	$ (21,150)	$ 284,010
AFS Securities | Interest Income | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[2]	116,903		(11,663)	214,175	(34,128)
Net gains (losses) on hedged items	[3]	(85,751)		(122,790)	(18,521)	(314,279)
Net changes in fair value before price alignment interest		99,200		(28,173)	174,504	(64,397)
Total interest income (expense) recorded in the Statement of Income	[4]	200,507		38,563	372,226	61,008
Consolidated obligations: | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives		(255,180)	[1]	(390,352)	129,196	(1,290,066)
Consolidated obligations: | Interest Expense | Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net interest settlements on derivatives	[2]	(234,848)		31,275	(441,901)	82,664
Net gains (losses) on hedged items	[3]	254,777		387,546	(129,893)	1,282,605
Net changes in fair value before price alignment interest		(235,251)		28,469	(442,598)	75,203
Total interest income (expense) recorded in the Statement of Income	[4]	$ (543,752)		$ (99,192)	$ (990,426)	$ (150,891)
Consolidation Obligation Bond Member
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Consolidated obligation bonds		Consolidated obligation bonds	Consolidated obligation bonds	Consolidated obligation bonds
[1]Includes effective and ineffective fair-value hedging relationships. Excludes any offsetting effect of the net estimated fair value of the associated derivatives.[2]Represents interest income/expense on derivatives in qualifying fair-value hedging relationships. Net interest settlements on derivatives that are not in qualifying fair-value hedging relationships are reported in other income.[3]    Includes increases (decreases) in estimated fair value and amortization of net losses on ineffective and discontinued fair-value hedging relationships.[4]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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		$ 4,970	$ 17,203	$ 3,607	$ 37,197
Interest-rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		1,904	16,413	(8,171)	38,463
Interest-rate caps/floors
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		516	(42)	(429)	131
Interest-rate forwards
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		723	1,768	58	7,026
Net interest rate settlements
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income	[1]	2,626	881	12,444	(1,137)
MDCs
Derivative Instruments, Gain (Loss) [Line Items]
Net gains (losses) on derivatives in other income		$ (799)	$ (1,817)	$ (295)	$ (7,286)
[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, 2023	Dec. 31, 2022
Advances
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost of hedged items	[1]	$ 25,078,490	$ 20,766,832
For active fair-value hedging relationships	[2]	(693,968)	(615,898)
For discontinued fair-value hedging relationships		0	39
Total cumulative fair-value hedging basis adjustments on hedged items		(693,968)	(615,859)
AFS Securities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost of hedged items	[1]	13,586,588	12,189,776
For active fair-value hedging relationships	[2]	(1,400,651)	(1,417,774)
For discontinued fair-value hedging relationships		282,866	317,888
Total cumulative fair-value hedging basis adjustments on hedged items		(1,117,785)	(1,099,886)
Consolidated obligations:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amortized cost of hedged items	[1]	37,983,765	28,717,246
For active fair-value hedging relationships	[2]	(1,987,837)	(2,147,802)
For discontinued fair-value hedging relationships		0	0
Total cumulative fair-value hedging basis adjustments on hedged items		$ (1,987,837)	$ (2,147,802)
[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, 2023	Dec. 31, 2022
Schedule of Short-term and Long-term Debt [Line Items]
FHLB system outstanding consolidated obligations	$ 1,300,000,000	$ 1,200,000,000
Discount notes maturity period	1 year
Discount Notes
Book value	$ 20,199,909	27,387,492
CO Bonds [Abstract]
Total CO bonds, par value	50,473,500	42,002,060
Bonds	48,508,086	39,882,454
Unsecured Debt
CO Bonds [Abstract]
Due in 1 year or less, amount	17,235,125	10,016,310
Due after 1 year through 2 years, amount	13,893,905	8,014,590
Due after 2 years through 3 years, amount	5,123,740	6,278,940
Due after 3 years through 4 years, amount	5,116,420	7,130,600
Due after 4 years through 5 years, amount	1,402,680	2,312,540
Thereafter, amount	7,701,630	8,249,080
Total CO bonds, par value	50,473,500	42,002,060
Unamortized premiums	39,488	45,535
Unamortized discounts	(9,781)	(10,165)
Unamortized concessions	(7,284)	(7,174)
Fair-value hedging basis adjustments, net	$ (1,987,837)	$ (2,147,802)
Due in 1 year or less, WAIR %	4.31%	3.05%
Due after 1 year through 2 years, WAIR %	2.29%	1.48%
Due after 2 years through 3 years, WAIR %	1.43%	1.37%
Due after 3 years through 4 years, WAIR %	1.42%	1.25%
Due after 4 years through 5 years, WAIR %	2.01%	1.76%
Thereafter, WAIR %	2.50%	2.35%
Total CO bonds, par value, WAIR %	2.83%	1.99%
Non-callable / non-putable
CO Bonds [Abstract]
Total CO bonds, par value	$ 14,161,500	$ 11,979,560
Callable
CO Bonds [Abstract]
Total CO bonds, par value	36,312,000	30,022,500
Year of Contractual Maturity or Next Call Date
CO Bonds [Abstract]
Due in 1 year or less, amount	44,850,625	37,066,810
Due after 1 year through 2 years, amount	2,543,905	1,444,590
Due after 2 years through 3 years, amount	872,740	770,940
Due after 3 years through 4 years, amount	384,920	804,100
Due after 4 years through 5 years, amount	326,680	268,540
Thereafter, amount	1,494,630	1,647,080
Total CO bonds, par value	50,473,500	42,002,060
Short-term Debt
Discount Notes
Book value	20,199,909	27,387,492
Par value	$ 20,283,393	$ 27,533,665
Weighted average effective interest rate	5.08%	4.16%

Consolidated Obligations Intere

Consolidated Obligations Interest-rate Payment Terms (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total CO bonds, par value	$ 50,473,500	$ 42,002,060
Fixed-rate
Debt Instrument [Line Items]
Total CO bonds, par value	46,421,500	36,957,560
Step-up
Debt Instrument [Line Items]
Total CO bonds, par value	1,418,500	2,268,500
Simple variable-rate
Debt Instrument [Line Items]
Total CO bonds, par value	$ 2,633,500	$ 2,776,000

Affordable Housing Program (Det

Affordable Housing Program (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Affordable Housing Program Funding Obligation [Roll Forward]
Balance at beginning of period		$ 46,615	$ 31,937	$ 38,170	$ 31,049
Assessments (1)	[1]	10,637	3,623	21,280	6,828
Subsidy usage, net		(4,117)	(6,607)	(6,315)	(8,924)
Balance at end of period		$ 53,135	$ 28,953	$ 53,135	$ 28,953
[1]Assessments are reported separately on the Statement of Income as a reduction to Income before assessments.

Capital - Class B Shares (Detai

Capital - Class B Shares (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Class B issued and outstanding	$ 2,380,490	$ 2,123,125
Class B
Class of Stock [Line Items]
Class B issued and outstanding	2,380,490	2,123,125
Class B-1
Class of Stock [Line Items]
Class B issued and outstanding	734,001	535,345
Class B-2
Class of Stock [Line Items]
Class B issued and outstanding	$ 1,646,489	$ 1,587,780

Capital - Mandatorily Redeemabl

Capital - Mandatorily Redeemable Capital Stock (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023 USD ($) capital_requirement	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) capital_requirement	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Banking Regulation, Total Capital [Abstract]
Redemption period				5 years
Mandatorily Redeemable Capital Stock Activity [Roll Forward]
Liability at beginning of period		$ 372,487	$ 45,591	$ 372,503	$ 50,422
Reclassification from capital stock		0	0	13	0
Redemptions/repurchases		(1,865)	(8)	(1,894)	(4,839)
Liability at end of period		370,622	45,583	370,622	45,583
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Share Value, Amount [Abstract]
Past contractual redemption date	[1]	777		777		$ 498
Year 1	[2]	8,743		8,743		10,048
Year 2		12,124		12,124		9,872
Year 3		16,059		16,059		19,179
Year 4		3,674		3,674		3,674
Year 5		329,245		329,245		329,232
Total MRCS		370,622	45,583	370,622	45,583	372,503
Outstanding Class B stock held by captive insurer		7,875		7,875		9,585
MRCS Distributions [Abstract]
Recorded as interest expense		4,370	269	8,480	514
Recorded as distributions from retained earnings		1	0	707	0
Total		$ 4,371	$ 269	$ 9,187	$ 514
Regulatory Capital Requirements
Number of regulatory capital requirements | capital_requirement		3		3
Risk-based capital, required		$ 1,158,404		$ 1,158,404		489,240
Risk-based capital, actual		4,164,585		4,164,585		3,781,992
Regulatory capital, required		2,970,818		2,970,818		2,891,351
Regulatory capital, actual		$ 4,164,585		$ 4,164,585		$ 3,781,992
Regulatory permanent capital-to-asset ratio, required		4%		4%		4%
Regulatory permanent capital-to-asset ratio, actual		5.61%		5.61%		5.23%
Leverage capital, required		$ 3,713,523		$ 3,713,523		$ 3,614,189
Leverage capital, actual		$ 6,246,878		$ 6,246,878		$ 5,672,988
Leverage ratio, required		5%		5%		5%
Leverage ratio, actual		8.41%		8.41%		7.85%
[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, 2023 and December 31, 2022 includes $7,875 and $9,585 of Class B stock held by one captive insurance company whose membership was terminated on February 19, 2021. The stock is not past its contractual redemption date, but will be redeemed as soon as 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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	$ 3,570,843	$ 3,373,270	$ 3,383,698	$ 3,556,331
Total other comprehensive income (loss)	63,117	(44,899)	15,480	(118,902)
Ending Balance	3,783,652	3,476,711	3,783,652	3,476,711
Unrealized Gains (Losses) on AFS Securities
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	(57,916)	77,479	(9,939)	151,942
Net change in unrealized gains (losses)	61,911	(45,228)	13,934	(119,691)
Pension benefits, net	0	0	0	0
Total other comprehensive income (loss)	61,911	(45,228)	13,934	(119,691)
Ending Balance	3,995	32,251	3,995	32,251
Pension Benefits
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	(15,512)	(18,424)	(15,852)	(18,884)
Net change in unrealized gains (losses)	0	0	0	0
Pension benefits, net	1,206	329	1,546	789
Total other comprehensive income (loss)	1,206	329	1,546	789
Ending Balance	(14,306)	(18,095)	(14,306)	(18,095)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) before Tax [Roll Forward]
Beginning Balance	(73,428)	59,055	(25,791)	133,058
Net change in unrealized gains (losses)	61,911	(45,228)	13,934	(119,691)
Pension benefits, net	1,206	329	1,546	789
Total other comprehensive income (loss)	63,117	(44,899)	15,480	(118,902)
Ending Balance	$ (10,311)	$ 14,156	$ (10,311)	$ 14,156

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net interest income		$ 123,593	$ 63,822	$ 227,242	$ 128,406
Provision for (reversal of) credit losses		(3)	(38)	(2)	(60)
Other income (loss)		9,151	(1,698)	39,298	(9,100)
Other expenses		30,748	26,203	62,219	51,597
Income before assessments		101,999	35,959	204,323	67,769
Affordable Housing Program assessments	[1]	10,637	3,623	21,280	6,828
Net income		91,362	32,336	183,043	60,941
Assets		74,270,452		74,270,452		$ 72,283,780
Traditional
Segment Reporting Information [Line Items]
Net interest income		112,133	50,671	202,802	103,361
Provision for (reversal of) credit losses		0	0	0	0
Other income (loss)		9,031	(1,732)	39,283	(8,942)
Other expenses		26,855	22,436	54,272	44,202
Income before assessments		94,309	26,503	187,813	50,217
Affordable Housing Program assessments		9,868	2,677	19,629	5,073
Net income		84,441	23,826	168,184	45,144
Assets		66,371,402		66,371,402		64,597,325
Mortgage Loans
Segment Reporting Information [Line Items]
Net interest income		11,460	13,151	24,440	25,045
Provision for (reversal of) credit losses		(3)	(38)	(2)	(60)
Other income (loss)		120	34	15	(158)
Other expenses		3,893	3,767	7,947	7,395
Income before assessments		7,690	9,456	16,510	17,552
Affordable Housing Program assessments		769	946	1,651	1,755
Net income		6,921	$ 8,510	14,859	$ 15,797
Assets		$ 7,899,050		$ 7,899,050		$ 7,686,455
[1]Assessments are reported separately on the Statement of Income as a reduction to Income before assessments.

Estimated Fair Values - Carryin

Estimated Fair Values - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Assets:
Cash and due from banks		$ 63,585		$ 21,161
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
Held-to-maturity securities (Note 3) (estimated fair values of $4,752,998 and $4,156,218)	[1]	4,837,706		4,240,201
HTM securities		4,752,998		4,156,218
Loans to Other Federal Home Loan Banks		250,000		0
Accrued interest receivable		156,432		152,867
Derivative assets, net		546,750		434,421
Netting adjustments and cash collateral, derivative asset	[2],[3]	(487,129)		(486,758)
Consolidated obligations:
Loans from other FHLBanks		0		0
Accrued interest payable		283,062		162,584
Derivative liabilities, net		29,572		19,209
Netting adjustments and cash collateral, derivative liability	[2],[3]	(2,057,999)		(2,160,315)
MRCS		370,622	$ 372,487	372,503	$ 45,583	$ 45,591	$ 50,422
Level 1
Assets:
Cash and due from banks		63,585		21,161
Interest-bearing deposits		817,803		856,019
Securities purchased under agreements to resell		0		0
Federal funds sold		0		0
Trading securities		0		0
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
HTM securities		0		0
Advances		0		0
Mortgage loans held for portfolio, net		0		0
Loans to Other Federal Home Loan Banks		0
Accrued interest receivable		0		0
Derivative assets, net		0		0
Grantor trust assets	[4]	57,432		53,166
Liabilities:
Deposits		0		0
Consolidated obligations:
Accrued interest payable		0		0
Derivative liabilities, net		0		0
MRCS		370,622		372,503
Level 2
Assets:
Cash and due from banks		0		0
Interest-bearing deposits		42		41
Securities purchased under agreements to resell		4,400,000		4,550,000
Federal funds sold		5,027,000		3,148,000
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
HTM securities		4,752,998		4,156,218
Advances		36,070,388		36,468,949
Mortgage loans held for portfolio, net		7,101,949		6,859,956
Loans to Other Federal Home Loan Banks		250,000
Accrued interest receivable		156,432		152,867
Derivative assets, net		1,033,879		921,179
Grantor trust assets	[4]	0		0
Liabilities:
Deposits		663,307		595,907
Consolidated obligations:
Accrued interest payable		283,062		162,584
Derivative liabilities, net		2,087,571		2,179,524
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
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
HTM securities		0		0
Advances		0		0
Mortgage loans held for portfolio, net		4,214		7,948
Loans to Other Federal Home Loan Banks		0
Accrued interest receivable		0		0
Derivative assets, net		0		0
Grantor trust assets	[4]	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		63,585		21,161
Interest-bearing deposits		817,845		856,060
Securities purchased under agreements to resell		4,400,000		4,550,000
Federal funds sold		5,027,000		3,148,000
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
Held-to-maturity securities (Note 3) (estimated fair values of $4,752,998 and $4,156,218)		4,837,706		4,240,201
Advances		36,234,221		36,682,459
Mortgage loans held for portfolio, net		7,899,050		7,686,455
Loans to Other Federal Home Loan Banks		250,000
Accrued interest receivable		156,432		152,867
Derivative assets, net		546,750		434,421
Grantor trust assets	[4]	57,432		53,166
Liabilities:
Deposits		663,307		595,907
Consolidated obligations:
Accrued interest payable		283,062		162,584
Derivative liabilities, net		29,572		19,209
MRCS		370,622		372,503
Fair Value
Assets:
Cash and due from banks		63,585		21,161
Interest-bearing deposits		817,845		856,060
Securities purchased under agreements to resell		4,400,000		4,550,000
Federal funds sold		5,027,000		3,148,000
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
HTM securities		4,752,998		4,156,218
Advances		36,070,388		36,468,949
Mortgage loans held for portfolio, net		7,106,163		6,867,904
Loans to Other Federal Home Loan Banks		250,000
Accrued interest receivable		156,432		152,867
Derivative assets, net		546,750		434,421
Grantor trust assets	[4]	57,432		53,166
Liabilities:
Deposits		663,307		595,907
Consolidated obligations:
Accrued interest payable		283,062		162,584
Derivative liabilities, net		29,572		19,209
MRCS		370,622		372,503
Discount notes | Level 1
Consolidated obligations:
Discount notes		0		0
Discount notes | Level 2
Consolidated obligations:
Discount notes		20,205,412		27,387,547
Discount notes | Level 3
Consolidated obligations:
Discount notes		0		0
Discount notes | Carrying value
Consolidated obligations:
Discount notes		20,199,909		27,387,492
Discount notes | Fair Value
Consolidated obligations:
Discount notes		20,205,412		27,387,547
Consolidated obligations: | Level 1
Consolidated obligations:
Bonds		0		0
Consolidated obligations: | Level 2
Consolidated obligations:
Bonds		47,469,514		38,690,400
Consolidated obligations: | Level 3
Consolidated obligations:
Bonds		0		0
Consolidated obligations: | Carrying value
Consolidated obligations:
Bonds		48,508,086		39,882,454
Consolidated obligations: | Fair Value
Consolidated obligations:
Bonds		$ 47,469,514		$ 38,690,400
[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, 2023 and December 31, 2022 to tale d $23,795 and $26,125, respectively. 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, 2023 and December 31, 2022, including accrued interest, totaled $1,758,290 and $1,854,876, respectively. Cash collateral received from counterparties and held at June 30, 2023 and December 31, 2022, including accrued interest, totaled $187,421 and $181,319, respectively .

Estimated Fair Values - Recurri

Estimated Fair Values - Recurring and Non-Recurring Basis (Details) - USD ($) $ in Thousands		Jun. 30, 2023		Dec. 31, 2022
Derivative Asset [Abstract]
Trading securities		$ 345,258		$ 2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
Derivative assets, net		546,750		434,421
Netting adjustments and cash collateral, derivative asset	[1],[2]	(487,129)		(486,758)
Derivative Liability [Abstract]
Derivative liabilities, net		29,572		19,209
Netting adjustments and cash collateral, derivative liability	[1],[2]	(2,057,999)		(2,160,315)
Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Netting adjustments and cash collateral, derivative asset		(487,129)	[2]	(486,758)	[3]
Derivative Liability [Abstract]
Netting adjustments and cash collateral, derivative liability		(2,057,999)	[2]	(2,160,315)	[3]
Fair Value, Measurements, Recurring | Interest-rate swaps
Derivative Asset [Abstract]
Netting adjustments and cash collateral, derivative asset		(487,129)	[2]	(486,758)	[3]
Derivative Liability [Abstract]
Netting adjustments and cash collateral, derivative liability		(2,057,999)	[2]	(2,160,315)	[3]
Level 1
Derivative Asset [Abstract]
Trading securities		0		0
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
Derivative assets, net		0		0
Grantor trust assets	[4]	57,432		53,166
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Level 1 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
Derivative assets, net		0		0
Grantor trust assets		57,432		53,166
Total assets at estimated fair value		57,432		53,166
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 swaps
Derivative Asset [Abstract]
Derivative assets, net		0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Level 2
Derivative Asset [Abstract]
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
Derivative assets, net		1,033,879		921,179
Grantor trust assets	[4]	0		0
Derivative Liability [Abstract]
Derivative liabilities, net		2,087,571		2,179,524
Level 2 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
Derivative assets, net		1,033,879		921,179
Grantor trust assets		0		0
Total assets at estimated fair value		14,969,720		15,331,264
Derivative Liability [Abstract]
Derivative liabilities, net		2,087,571		2,179,524
Total liabilities at recurring estimated fair value		2,087,571		2,179,524
Level 2 | Fair Value, Measurements, Recurring | Interest-rate swaps
Derivative Asset [Abstract]
Derivative assets, net		1,033,842		921,129
Derivative Liability [Abstract]
Derivative liabilities, net		2,087,383		2,179,422
Level 3
Derivative Asset [Abstract]
Trading securities		0		0
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
Derivative assets, net		0		0
Grantor trust assets	[4]	0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
Level 3 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
Debt Securities, Available-for-Sale, Excluding Accrued Interest		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 swaps
Derivative Asset [Abstract]
Derivative assets, net		0		0
Derivative Liability [Abstract]
Derivative liabilities, net		0		0
U.S. Treasury obligations
Derivative Asset [Abstract]
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		5,357,112		4,209,674
U.S. Treasury obligations | Level 1 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
U.S. Treasury obligations | Level 2 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		5,357,112		4,209,674
U.S. Treasury obligations | Level 3 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		0		0
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
GSE and TVA debentures
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		1,771,170		1,902,703
GSE and TVA debentures | Level 1 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
GSE and TVA debentures | Level 2 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		1,771,170		1,902,703
GSE and TVA debentures | Level 3 | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Multifamily
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		6,462,301		6,067,460
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Level 1 | Fair Value, Measurements, Recurring | Multifamily
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		0		0
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Level 2 | Fair Value, Measurements, Recurring | Multifamily
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		6,462,301		6,067,460
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Level 3 | Fair Value, Measurements, Recurring | Multifamily
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		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		37		50
Derivative Liability [Abstract]
Derivative liabilities, net		188		102
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		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
Derivative assets, net		546,750		434,421
Grantor trust assets	[4]	57,432		53,166
Derivative Liability [Abstract]
Derivative liabilities, net		29,572		19,209
Total | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		13,590,583		12,179,837
Derivative assets, net		546,750		434,421
Grantor trust assets		57,432		53,166
Total assets at estimated fair value		14,540,023		14,897,672
Derivative Liability [Abstract]
Derivative liabilities, net		29,572		19,209
Total liabilities at recurring estimated fair value		29,572		19,209
Total | Fair Value, Measurements, Recurring | Interest-rate swaps
Derivative Asset [Abstract]
Derivative assets, net		546,713		434,371
Derivative Liability [Abstract]
Derivative liabilities, net		29,384		19,107
Total | U.S. Treasury obligations | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Trading securities		345,258		2,230,248
Debt Securities, Available-for-Sale, Excluding Accrued Interest		5,357,112		4,209,674
Total | GSE and TVA debentures | Fair Value, Measurements, Recurring
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		1,771,170		1,902,703
Total | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring | Multifamily
Derivative Asset [Abstract]
Debt Securities, Available-for-Sale, Excluding Accrued Interest		6,462,301		6,067,460
Total | MDCs | Fair Value, Measurements, Recurring | Interest-rate forwards
Derivative Asset [Abstract]
Derivative assets, net		37		50
Derivative Liability [Abstract]
Derivative liabilities, net		$ 188		$ 102
[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, 2023 and December 31, 2022, including accrued interest, totaled $1,758,290 and $1,854,876, respectively. Cash collateral received from counterparties and held at June 30, 2023 and December 31, 2022, including accrued interest, totaled $187,421 and $181,319, respectively .

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($)		3 Months Ended	6 Months Ended
		Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to fund additional Advances are generally for periods up			6 months
Period of time commitments unconditionally obligate to fund or purchase mortgage loans and participation interests			91 days
Cash Collateral Pledged		$ 1,753,208,000	$ 1,753,208,000	$ 1,849,797,000
Standby Bond Purchase Commitment Period (in years)		5 years
Commitment Expiration Year		2028
Standby Bond Purchase Agreements, Acquired and Sold at Par During the Period			0
Uncleared
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Securities pledged as collateral		$ 8,620,000	8,620,000	$ 0
Standby letters of credit outstanding (1)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year	[1]	403,380,000	403,380,000
Off-balance-sheet commitments expire after one year	[1]	301,657,000	301,657,000
Off-balance-sheet commitments, Total	[1]	705,037,000	705,037,000
Commitments for standby bond purchases
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year		0	0
Off-balance-sheet commitments expire after one year		195,814,000	195,814,000
Off-balance-sheet commitments, Total		195,814,000	195,814,000
Unused lines of credit (2)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year	[2]	1,106,859,000	1,106,859,000
Off-balance-sheet commitments expire after one year	[2]	0	0
Off-balance-sheet commitments, Total	[2]	1,106,859,000	1,106,859,000
Commitments to fund additional advances (3)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year	[3]	76,317,000	76,317,000
Off-balance-sheet commitments expire after one year	[3]	4,087,000	4,087,000
Off-balance-sheet commitments, Total	[3]	80,404,000	80,404,000
Consolidated obligations:
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year		178,825,000	178,825,000
Off-balance-sheet commitments expire after one year		0	0
Off-balance-sheet commitments, Total		178,825,000	178,825,000
Discount notes
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year		86,500,000	86,500,000
Off-balance-sheet commitments expire after one year		0	0
Off-balance-sheet commitments, Total		86,500,000	86,500,000
Standby Letters of Credit Issuance Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments, Total		66,958,000	66,958,000
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Maximum line of credit		100,000,000	100,000,000
Mortgage Receivable | Commitments to purchase mortgage loans, net (4)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance-sheet commitments expire within one year	[4]	81,787,000	81,787,000
Off-balance-sheet commitments expire after one year	[4]	0	0
Off-balance-sheet commitments, Total	[4]	$ 81,787,000	$ 81,787,000
[1]Excludes unconditional commitments to issue standby letters of credit totaling $66,958.[2]Maximum line of credit amount per member is $100,000.[3]Generally for periods up to six months.[4]Generally for periods up to 91 days.

Related Party and Other Trans_3

Related Party and Other Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Advances, par value	$ 36,922,453		$ 36,922,453		$ 37,291,462
Loans to Other Federal Home Loan Banks	250,000		250,000		0
Loans from other FHLBanks	0		0		0
Directors' Financial Institutions
Related Party Transaction [Line Items]
Net capital stock issuances (redemptions and repurchases)	1,402	$ 3,437	3,805	$ (46,983)
Net advances (repayments)	(74,218)	3,034,988	(125,512)	1,234,703
Mortgage loan purchases	10,881	$ 4,025	14,004	$ 12,747
Capital stock, par value	$ 56,221		$ 56,221		$ 49,869
Capital stock, % of total	2%		2%		2%
Advances, par value	$ 736,725		$ 736,725		$ 886,191
Advances, % of total	2%		2%		2%