falsedesktopFHLBI2020-09-30000133175420000231{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Table of Contents\t\tPage\n\t\tNumber\n\tSpecial Note Regarding Forward-Looking Statements\t3\nPART I.\tFINANCIAL INFORMATION\t\nItem 1.\tFINANCIAL STATEMENTS (unaudited)\t\n\tStatements of Condition as of September 30 2020 and December 31 2019\t4\n\tStatements of Income for the Three and Nine Months Ended September 30 2020 and 2019\t5\n\tStatements of Comprehensive Income for the Three and Nine Months Ended September 30 2020 and 2019\t6\n\tStatements of Capital for the Three and Nine Months Ended September 30 2020 and 2019\t7\n\tStatements of Cash Flows for the Nine Months Ended September 30 2020 and 2019\t9\n\tNotes to Financial Statements:\t\n\tNote 1 - Summary of Significant Accounting Policies\t11\n\tNote 2 - Recently Adopted and Issued Accounting Guidance\t13\n\tNote 3 - Investments\t14\n\tNote 4 - Advances\t18\n\tNote 5 - Mortgage Loans Held for Portfolio\t19\n\tNote 6 - Derivatives and Hedging Activities\t23\n\tNote 7 - Consolidated Obligations\t28\n\tNote 8 - Affordable Housing Program\t30\n\tNote 9 - Capital\t30\n\tNote 10 - Accumulated Other Comprehensive Income\t33\n\tNote 11 - Segment Information\t34\n\tNote 12 - Estimated Fair Values\t35\n\tNote 13 - Commitments and Contingencies\t38\n\tNote 14 - Related Party and Other Transactions\t39\n\tDefined Terms\t40\nItem 2.\tMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS\t\n\tPresentation\t42\n\tExecutive Summary\t42\n\tSelected Financial Data\t45\n\tResults of Operations and Changes in Financial Condition\t46\n\tOperating Segments\t52\n\tAnalysis of Financial Condition\t53\n\tLiquidity and Capital Resources\t61\n\tOff-Balance Sheet Arrangements\t64\n\tCritical Accounting Policies and Estimates\t64\n\tRecent Accounting and Regulatory Developments\t64\n\tRisk Management\t66\nItem 3.\tQUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK\t71\nItem 4.\tCONTROLS AND PROCEDURES\t72\nPART II.\tOTHER INFORMATION\t\nItem 1.\tLEGAL PROCEEDINGS\t72\nItem 1A.\tRISK FACTORS\t73\nItem 2.\tUNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\t74\nItem 3.\tDEFAULTS UPON SENIOR SECURITIES\t74\nItem 4.\tMINE SAFETY DISCLOSURES\t74\nItem 5.\tOTHER INFORMATION\t74\nItem 6.\tEXHIBITS\t75\n", "q10k_tbl_1": "\tSeptember 30 2020\tDecember 31 2019\nAssets:\t\t\nCash and due from banks\t130595\t220294\nInterest-bearing deposits (Note 3)\t56028\t809141\nSecurities purchased under agreements to resell (Note 3)\t4500000\t1500000\nFederal funds sold (Note 3)\t952000\t2550000\nTrading securities (Note 3)\t5058984\t5016649\nAvailable-for-sale securities amortized cost of $10266677 and $8394665 (Note 3)\t10363969\t8484478\nHeld-to-maturity securities net (estimated fair values of $4296287 and $5216206) (Note 3)\t4272457\t5216401\nAdvances (Note 4)\t31264246\t32480108\nMortgage loans held for portfolio net (Note 5)\t9237185\t10815037\nAccrued interest receivable\t105170\t131822\nPremises software and equipment net\t35126\t36549\nDerivative assets net (Note 6)\t319838\t208008\nOther assets\t46064\t42288\nTotal assets\t66341662\t67510775\nLiabilities:\t\t\nDeposits\t1299227\t960304\nConsolidated obligations (Note 7):\t\t\nDiscount notes\t19461386\t17676793\nBonds\t41148153\t44715224\nTotal consolidated obligations net\t60609539\t62392017\nAccrued interest payable\t64322\t178981\nAffordable Housing Program payable (Note 8)\t34581\t38084\nDerivative liabilities net (Note 6)\t6991\t3206\nMandatorily redeemable capital stock (Note 9)\t262454\t322902\nOther liabilities\t642985\t458521\nTotal liabilities\t62920099\t64354015\nCommitments and contingencies (Note 13)\t\t\nCapital (Note 9):\t\t\nCapital stock (putable at par value of $100 per share):\t\t\nClass B issued and outstanding shares: 22236699 and 19740755 respectively\t2223670\t1974076\nRetained earnings:\t\t\nUnrestricted\t861455\t864454\nRestricted\t262390\t250854\nTotal retained earnings\t1123845\t1115308\nTotal accumulated other comprehensive income (loss) (Note 10)\t74048\t67376\nTotal capital\t3421563\t3156760\nTotal liabilities and capital\t66341662\t67510775\n", "q10k_tbl_2": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nInterest Income:\t\t\t\t\nAdvances\t45084\t207226\t291030\t641126\nInterest-bearing deposits\t364\t6923\t5396\t16610\nSecurities purchased under agreements to resell\t820\t24212\t10879\t69872\nFederal funds sold\t542\t10163\t10155\t50678\nTrading securities\t22335\t18441\t71651\t31896\nAvailable-for-sale securities\t22539\t48360\t72682\t154627\nHeld-to-maturity securities\t11201\t36388\t60147\t116245\nMortgage loans held for portfolio\t48268\t87741\t189496\t277440\nTotal interest income\t151153\t439454\t711436\t1358494\nInterest Expense:\t\t\t\t\nConsolidated obligation discount notes\t10967\t110286\t111056\t368799\nConsolidated obligation bonds\t77398\t271639\t398449\t803497\nDeposits\t32\t3655\t2821\t10170\nMandatorily redeemable capital stock\t2037\t3514\t7777\t8585\nOther interest expense\t0\t36\t0\t36\nTotal interest expense\t90434\t389130\t520103\t1191087\nNet interest income\t60719\t50324\t191333\t167407\nProvision for (reversal of) credit losses\t124\t(180)\t172\t(166)\nNet interest income after provision for credit losses\t60595\t50504\t191161\t167573\nOther Income:\t\t\t\t\nNet realized gains from sale of available-for-sale securities\t504\t0\t504\t0\nNet gains (losses) on trading securities\t(19331)\t5601\t1975\t26257\nNet losses on derivatives and hedging activities\t(297)\t(3612)\t(52124)\t(21399)\nService fees\t128\t186\t425\t581\nStandby letters of credit fees\t188\t201\t506\t503\nOther net\t1931\t410\t1911\t3328\nTotal other income (loss)\t(16877)\t2786\t(46803)\t9270\nOther Expenses:\t\t\t\t\nCompensation and benefits\t14519\t12698\t44156\t40255\nOther operating expenses\t7847\t7925\t22881\t21045\nFederal Housing Finance Agency\t1181\t1012\t3516\t3009\nOffice of Finance\t1293\t1370\t3604\t3515\nOther\t2053\t1154\t5244\t3526\nTotal other expenses\t26893\t24159\t79401\t71350\nIncome before assessments\t16825\t29131\t64957\t105493\nAffordable Housing Program assessments\t1886\t3265\t7273\t11408\nNet income\t14939\t25866\t57684\t94085\n", "q10k_tbl_3": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nNet income\t14939\t25866\t57684\t94085\nOther Comprehensive Income:\t\t\t\t\nNet change in unrealized gains (losses) on available-for-sale securities\t77290\t(2139)\t7479\t16842\nPension benefits net\t867\t486\t(807)\t(2882)\nTotal other comprehensive income (loss)\t78157\t(1653)\t6672\t13960\nTotal comprehensive income\t93096\t24213\t64356\t108045\n", "q10k_tbl_4": "\tCapital Stock\t\tRetained Earnings\t\t\tAccumulated Other Comprehensive Income (Loss)\tTotal Capital\n\tShares\tPar Value\tUnrestricted\tRestricted\tTotal\t\nBalance June 30 2020\t21943\t2194319\t868328\t259403\t1127731\t(4109)\t3317941\nTotal comprehensive income\t\t\t11952\t2987\t14939\t78157\t93096\nProceeds from issuance of capital stock\t305\t30432\t\t\t\t\t30432\nRedemption/repurchase of capital stock\t(6)\t(585)\t\t\t\t\t(585)\nShares reclassified to mandatorily redeemable capital stock net\t(5)\t(496)\t\t\t\t\t(496)\nCash dividends on capital stock (3.50% annualized)\t\t\t(18825)\t0\t(18825)\t\t(18825)\nBalance September 30 2020\t22237\t2223670\t861455\t262390\t1123845\t74048\t3421563\nBalance June 30 2019\t20485\t2048523\t856911\t236142\t1093053\t57300\t3198876\nTotal comprehensive income\t\t\t20692\t5174\t25866\t(1653)\t24213\nProceeds from issuance of capital stock\t398\t39796\t\t\t\t\t39796\nShares reclassified to mandatorily redeemable capital stock net\t(1489)\t(148870)\t\t\t\t\t(148870)\nCash dividends on capital stock (5.50% annualized)\t\t\t(28339)\t0\t(28339)\t\t(28339)\nBalance September 30 2019\t19394\t1939449\t849264\t241316\t1090580\t55647\t3085676\n", "q10k_tbl_5": "\tCapital Stock\t\tRetained Earnings\t\t\tAccumulated Other Comprehensive Income (Loss)\tTotal Capital\n\tShares\tPar Value\tUnrestricted\tRestricted\tTotal\t\nBalance December 31 2019\t19741\t1974076\t864454\t250854\t1115308\t67376\t3156760\nTotal comprehensive income (loss)\t\t\t46148\t11536\t57684\t6672\t64356\nProceeds from issuance of capital stock\t2640\t264022\t\t\t\t\t264022\nRedemption/repurchase of capital stock\t(6)\t(585)\t\t\t\t\t(585)\nShares reclassified to mandatorily redeemable capital stock net\t(138)\t(13843)\t\t\t\t\t(13843)\nPartial recovery of prior capital distribution to Financing Corporation\t\t\t10574\t0\t10574\t\t10574\nCash dividends on capital stock (3.91% annualized)\t\t\t(59721)\t0\t(59721)\t\t(59721)\nBalance September 30 2020\t22237\t2223670\t861455\t262390\t1123845\t74048\t3421563\nBalance December 31 2018\t19310\t1930952\t855311\t222499\t1077810\t41687\t3050449\nTotal comprehensive income\t\t\t75268\t18817\t94085\t13960\t108045\nProceeds from issuance of capital stock\t1594\t159476\t\t\t\t\t159476\nShares reclassified to mandatorily redeemable capital stock net\t(1510)\t(150979)\t\t\t\t\t(150979)\nCash dividends on capital stock (5.50% annualized)\t\t\t(81315)\t0\t(81315)\t\t(81315)\nBalance September 30 2019\t19394\t1939449\t849264\t241316\t1090580\t55647\t3085676\n", "q10k_tbl_6": "\tNine Months Ended September 30\t\n\t2020\t2019\nOperating Activities:\t\t\nNet income\t57684\t94085\nAdjustments to reconcile net income to net cash used in operating activities:\t\t\nAmortization and depreciation\t53918\t61251\nChanges in net derivative and hedging activities\t(470940)\t(348291)\nProvision for (reversal of) credit losses\t172\t(166)\nNet gains on trading securities\t(1975)\t(26257)\nNet realized gains from sale of available-for-sale securities\t(504)\t0\nChanges in:\t\t\nAccrued interest receivable\t26910\t(8667)\nOther assets\t(1670)\t(736)\nAccrued interest payable\t(114660)\t(3243)\nOther liabilities\t44253\t16652\nTotal adjustments net\t(464496)\t(309457)\nNet cash used in operating activities\t(406812)\t(215372)\nInvesting Activities:\t\t\nNet change in:\t\t\nInterest-bearing deposits\t(34408)\t221363\nSecurities purchased under agreements to resell\t(3000000)\t(337274)\nFederal funds sold\t1598000\t1670000\nTrading securities:\t\t\nProceeds from maturities\t3160000\t0\nPurchases\t(3200361)\t(4385044)\nAvailable-for-sale securities:\t\t\nProceeds from maturities\t93550\t510500\nProceeds from sales\t96779\t0\nPurchases\t(1564036)\t(610415)\nHeld-to-maturity securities:\t\t\nProceeds from maturities\t1128834\t813026\nPurchases\t(125019)\t(109369)\nAdvances:\t\t\nPrincipal repayments\t199835256\t289850757\nDisbursements to members\t(198028162)\t(289182302)\nMortgage loans held for portfolio:\t\t\nPrincipal collections\t3175183\t1211661\nPurchases from members\t(1509048)\t(876635)\nPurchases of premises software and equipment\t(3889)\t(4596)\nLoans to other Federal Home Loan Banks:\t\t\nPrincipal repayments\t80000\t0\nDisbursements\t(80000)\t0\nNet cash provided by (used in) investing activities\t1622679\t(1228328)\n", "q10k_tbl_7": "\tNine Months Ended September 30\t\n\t2020\t2019\nFinancing Activities:\t\t\nChanges in deposits\t338552\t128515\nNet payments on derivative contracts with financing elements\t(2307)\t185\nNet proceeds from issuance of consolidated obligations:\t\t\nDiscount notes\t238137022\t245285750\nBonds\t37468384\t28145595\nPayments for matured and retired consolidated obligations:\t\t\nDiscount notes\t(236329608)\t(250889998)\nBonds\t(41057605)\t(21359255)\nLoans from other Federal Home Loan Banks:\t\t\nProceeds from borrowings\t0\t250000\nPrincipal repayments\t0\t(250000)\nProceeds from issuance of capital stock\t264022\t159476\nProceeds from issuance of mandatorily redeemable capital stock\t0\t3704\nPayments for redemption/repurchase of capital stock\t(585)\t0\nPayments for redemption/repurchase of mandatorily redeemable capital stock\t(74294)\t(540)\nPartial recovery of prior capital distribution to Financing Corporation\t10574\t0\nDividend payments on capital stock\t(59721)\t(80622)\nNet cash provided by (used in) financing activities\t(1305566)\t1392810\nNet decrease in cash and due from banks\t(89699)\t(50890)\nCash and due from banks at beginning of period\t220294\t100735\nCash and due from banks at end of period\t130595\t49845\nSupplemental Disclosures:\t\t\nCash activities:\t\t\nInterest payments\t716017\t1158294\nAffordable Housing Program payments\t10776\t15085\nNon-cash activities:\t\t\nPurchases of investment securities traded but not yet settled\t65000\t54609\nCapitalized interest on certain held-to-maturity securities\t1349\t3900\nPar value of shares reclassified to mandatorily redeemable capital stock net\t13843\t150979\n", "q10k_tbl_8": "Security Type\tSeptember 30 2020\tDecember 31 2019\nNon-mortgage-backed securities:\t\t\nU.S. Treasury obligations\t5058984\t5016649\nTotal trading securities at estimated fair value\t5058984\t5016649\n", "q10k_tbl_9": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nNet unrealized gains (losses) on trading securities held at period end\t(27983)\t5601\t(19333)\t26257\nNet realized gains on trading securities that matured/sold during the period\t8652\t0\t21308\t0\nNet gains (losses) on trading securities\t(19331)\t5601\t1975\t26257\n", "q10k_tbl_10": "\t\tGross\tGross\t\n\tAmortized\tUnrealized\tUnrealized\tEstimated\nSeptember 30 2020\tCost (1)\tGains\tLosses\tFair Value\nGSE and TVA debentures\t3985296\t40308\t0\t4025604\nGSE MBS\t6281381\t64408\t(7424)\t6338365\nTotal AFS securities\t10266677\t104716\t(7424)\t10363969\nDecember 31 2019\t\t\t\t\nGSE and TVA debentures\t3885012\t41840\t0\t3926852\nGSE MBS\t4509653\t51200\t(3227)\t4557626\nTotal AFS securities\t8394665\t93040\t(3227)\t8484478\n", "q10k_tbl_11": "\tLess than 12 months\t\t12 months or More\t\tTotal\t\n\tEstimated\tUnrealized\tEstimated\tUnrealized\tEstimated\tUnrealized\nSeptember 30 2020\tFair Value\tLosses\tFair Value\tLosses\tFair Value\tLosses\nGSE MBS\t691312\t(4636)\t453630\t(2788)\t1144942\t(7424)\nTotal impaired AFS securities\t691312\t(4636)\t453630\t(2788)\t1144942\t(7424)\nDecember 31 2019\t\t\t\t\t\t\nGSE MBS\t339981\t(1134)\t519446\t(2093)\t859427\t(3227)\nTotal impaired AFS securities\t339981\t(1134)\t519446\t(2093)\t859427\t(3227)\n", "q10k_tbl_12": "\tSeptember 30 2020\t\tDecember 31 2019\t\n\tAmortized\tEstimated\tAmortized\tEstimated\nYear of Contractual Maturity\tCost\tFair Value\tCost\tFair Value\nDue in 1 year or less\t1208283\t1209339\t570209\t571588\nDue after 1 year through 5 years\t1166278\t1176543\t1729664\t1742681\nDue after 5 years through 10 years\t1610735\t1639722\t1489144\t1514978\nDue after 10 years\t0\t0\t95995\t97605\nTotal non-MBS\t3985296\t4025604\t3885012\t3926852\nTotal MBS\t6281381\t6338365\t4509653\t4557626\nTotal AFS securities\t10266677\t10363969\t8394665\t8484478\n", "q10k_tbl_13": "\t\tGross\tGross\t\n\t\tUnrecognized\tUnrecognized\t\n\tAmortized\tHolding\tHolding\tEstimated\nSeptember 30 2020\tCost (1)\tGains (2)\tLosses (2)\tFair Value\nMBS:\t\t\t\t\nOther U.S. obligations - guaranteed MBS\t2749359\t5890\t(6902)\t2748347\nGSE MBS\t1523098\t25202\t(360)\t1547940\nTotal HTM securities\t4272457\t31092\t(7262)\t4296287\nDecember 31 2019\t\t\t\t\nMBS:\t\t\t\t\nOther U.S. obligations - guaranteed MBS\t3059875\t6948\t(13217)\t3053606\nGSE MBS\t2156526\t10117\t(4043)\t2162600\nTotal HTM securities\t5216401\t17065\t(17260)\t5216206\n", "q10k_tbl_14": "\tSeptember 30 2020\t\tDecember 31 2019\t\nRedemption Term\tAmount\tWAIR %\tAmount\tWAIR %\nOverdrawn demand and overnight deposit accounts\t0\t0\t37\t3.99\nDue in 1 year or less\t9075746\t0.83\t11791716\t1.85\nDue after 1 year through 2 years\t2304357\t1.72\t2106315\t2.12\nDue after 2 years through 3 years\t2965939\t1.80\t2505693\t2.16\nDue after 3 years through 4 years\t4017918\t1.56\t2625446\t2.44\nDue after 4 years through 5 years\t2751069\t1.46\t4076103\t2.08\nThereafter\t9349544\t1.11\t9166357\t1.89\nTotal advances par value\t30464573\t1.23\t32271667\t1.98\nFair-value hedging adjustments net\t795676\t\t207111\t\nUnamortized swap termination fees associated with modified advances net of deferred prepayment fees\t3997\t\t1330\t\nTotal advances (1)\t31264246\t\t32480108\t\n", "q10k_tbl_15": "\tEarlier of Redemption or Next Call Date\t\tEarlier of Redemption or Next Put Date\t\n\tSeptember 30 2020\tDecember 31 2019\tSeptember 30 2020\tDecember 31 2019\nOverdrawn demand and overnight deposit accounts\t0\t37\t0\t37\nDue in 1 year or less\t14236204\t18497813\t13580996\t14560066\nDue after 1 year through 2 years\t2135657\t1514015\t3360257\t3329315\nDue after 2 years through 3 years\t2305249\t2127903\t3496144\t3254093\nDue after 3 years through 4 years\t2545418\t2117546\t4341918\t3025551\nDue after 4 years through 5 years\t1995369\t2454103\t2123719\t3481353\nThereafter\t7246676\t5560250\t3561539\t4621252\nTotal advances par value\t30464573\t32271667\t30464573\t32271667\n", "q10k_tbl_16": "Term\tSeptember 30 2020\tDecember 31 2019\nFixed-rate long-term mortgages\t8007228\t9677008\nFixed-rate medium-term (1) mortgages\t1025956\t908526\nTotal mortgage loans held for portfolio UPB\t9033184\t10585534\nUnamortized premiums\t198183\t231807\nUnamortized discounts\t(1813)\t(2158)\nFair-value hedging adjustments net\t8031\t154\nTotal mortgage loans held for portfolio\t9237585\t10815337\nAllowance for credit losses\t(400)\t(300)\nTotal mortgage loans held for portfolio net (2)\t9237185\t10815037\n", "q10k_tbl_17": "Type\tSeptember 30 2020\tDecember 31 2019\nConventional\t8759844\t10263249\nGovernment-guaranteed or -insured\t273340\t322285\nTotal mortgage loans held for portfolio UPB\t9033184\t10585534\n", "q10k_tbl_18": "Product\tSeptember 30 2020\tDecember 31 2019\nMPP\t8854990\t10363081\nMPF Program\t178194\t222453\nTotal mortgage loans held for portfolio UPB\t9033184\t10585534\n", "q10k_tbl_19": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nLRA Activity\t2020\t2019\t2020\t2019\nLiability beginning of period\t196653\t180074\t186585\t174096\nAdditions\t5344\t3402\t17658\t10392\nClaims paid\t(52)\t(64)\t(293)\t(206)\nDistributions to PFIs\t(891)\t(823)\t(2896)\t(1693)\nLiability end of period\t201054\t182589\t201054\t182589\n", "q10k_tbl_20": "\tOrigination Year\t\t\nPayment Status as of September 30 2020\tPrior to 2016\t2016 to 2020\tTotal\nPast due:\t\t\t\n30-59 days\t20307\t23459\t43766\n60-89 days\t8495\t21688\t30183\n90 days or more\t37920\t82822\t120742\nTotal past due\t66722\t127969\t194691\nTotal current\t2881490\t5884711\t8766201\nTotal conventional mortgage loans amortized cost (1)\t2948212\t6012680\t8960892\n", "q10k_tbl_21": "Payment Status as of December 31 2019\tTotal\nPast due:\t\n30-59 days\t44479\n60-89 days\t9868\n90 days or more\t10668\nTotal past due\t65015\nTotal current\t10470495\nTotal conventional mortgage loans recorded investment (1)(2)\t10535510\n", "q10k_tbl_22": "Other Delinquency Statistics as of September 30 2020\tConventional\tGovernment\tTotal\nIn process of foreclosure (3)\t2594\t0\t2594\nSerious delinquency rate (1)(4)\t1.35%\t2.99%\t1.40%\nPast due 90 days or more still accruing interest (1)(5)\t40210\t7369\t47579\nOn non-accrual status (6)\t93137\t0\t93137\nOther Delinquency Statistics as of December 31 2019\t\t\t\nIn process of foreclosure (3)\t2071\t0\t2071\nSerious delinquency rate (1)(4)\t0.10%\t0.94%\t0.13%\nPast due 90 days or more still accruing interest (1)(5)\t10127\t3069\t13196\nOn non-accrual status\t1063\t0\t1063\n", "q10k_tbl_23": "Components of Allowance\tSeptember 30 2020\tDecember 31 2019\nMPP estimated losses remaining after borrower's equity before credit enhancements\t12484\t4410\nPortion of estimated expected losses recoverable from credit enhancements:\t\t\nPMI\t(2930)\t(667)\nLRA (1)\t(7718)\t(2581)\nSMI\t(1608)\t(927)\nTotal portion recoverable from credit enhancements\t(12256)\t(4175)\nAllowance for unrecoverable PMI/SMI\t22\t15\nAllowance for MPP credit losses\t250\t250\nAllowance for MPF Program credit losses\t150\t50\nAllowance for credit losses\t400\t300\n", "q10k_tbl_24": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nRollforward of Allowance\t2020\t2019\t2020\t2019\nBalance beginning of period\t325\t600\t300\t600\nCharge-offs\t(50)\t(26)\t(93)\t(101)\nRecoveries\t1\t56\t21\t117\nProvision for (reversal of) credit losses\t124\t(180)\t172\t(166)\nBalance end of period\t400\t450\t400\t450\n", "q10k_tbl_25": "\t\tEstimated Fair Value\tEstimated Fair Value\n\tNotional\tof Derivative\tof Derivative\nSeptember 30 2020\tAmount\tAssets\tLiabilities\nDerivatives designated as hedging instruments:\t\t\t\nInterest-rate swaps\t39270303\t16091\t962018\nTotal derivatives designated as hedging instruments\t39270303\t16091\t962018\nDerivatives not designated as hedging instruments:\t\t\t\nInterest-rate swaps\t9162000\t7753\t324\nSwaptions\t0\t0\t0\nInterest-rate caps/floors\t625500\t451\t0\nInterest-rate forwards\t261200\t470\t8\nMDCs\t261771\t201\t250\nTotal derivatives not designated as hedging instruments\t10310471\t8875\t582\nTotal derivatives before adjustments\t49580774\t24966\t962600\nNetting adjustments and cash collateral (1)\t\t294872\t(955609)\nTotal derivatives net\t\t319838\t6991\nDecember 31 2019\t\t\t\nDerivatives designated as hedging instruments:\t\t\t\nInterest-rate swaps\t41108749\t60155\t318815\nTotal derivatives designated as hedging instruments\t41108749\t60155\t318815\nDerivatives not designated as hedging instruments:\t\t\t\nInterest-rate swaps\t7634000\t450\t27\nSwaptions\t850000\t16\t0\nInterest-rate caps/floors\t668500\t215\t0\nInterest-rate forwards\t70200\t0\t216\nMDCs\t70693\t105\t3\nTotal derivatives not designated as hedging instruments\t9293393\t786\t246\nTotal derivatives before adjustments\t50402142\t60941\t319061\nNetting adjustments and cash collateral (1)\t\t147067\t(315855)\nTotal derivatives net\t\t208008\t3206\n", "q10k_tbl_26": "\tSeptember 30 2020\t\tDecember 31 2019\t\n\tDerivative Assets\tDerivative Liabilities\tDerivative Assets\tDerivative Liabilities\nDerivative instruments meeting netting requirements:\t\t\t\t\nGross recognized amount\t\t\t\t\nUncleared\t4517\t961467\t51955\t318023\nCleared\t19778\t875\t8881\t819\nTotal gross recognized amount\t24295\t962342\t60836\t318842\nGross amounts of netting adjustments and cash collateral\t\t\t\t\nUncleared\t15766\t(954734)\t(36954)\t(315036)\nCleared\t279106\t(875)\t184021\t(819)\nTotal gross amounts of netting adjustments and cash collateral\t294872\t(955609)\t147067\t(315855)\nNet amounts after netting adjustments and cash collateral\t\t\t\t\nUncleared\t20283\t6733\t15001\t2987\nCleared\t298884\t0\t192902\t0\nTotal net amounts after netting adjustments and cash collateral\t319167\t6733\t207903\t2987\nDerivative instruments not meeting netting requirements (1)\t671\t258\t105\t219\nTotal derivatives at estimated fair value\t319838\t6991\t208008\t3206\n", "q10k_tbl_27": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nType of Hedge\t2020\t2019\t2020\t2019\nNet gain (loss) on derivatives not designated as hedging instruments:\t\t\t\t\nInterest-rate swaps\t11994\t(2550)\t(8287)\t(14636)\nSwaptions\t0\t(430)\t(323)\t(1023)\nInterest-rate caps/floors\t(228)\t(799)\t236\t(801)\nInterest-rate forwards\t(917)\t(268)\t(11840)\t(1487)\nNet interest settlements\t(11579)\t127\t(40491)\t(4961)\nMDCs\t433\t308\t8581\t1509\nTotal net gains (losses) on derivatives not designated as hedging instruments\t(297)\t(3612)\t(52124)\t(21399)\n", "q10k_tbl_28": "Three Months Ended September 30 2020\tAdvances\tInvestments\tCO Bonds\tTotal\nChanges in estimated fair value:\t\t\t\t\nHedged items (attributable to risk being hedged)\t(104009)\t(50989)\t13439\t(141559)\nDerivatives\t99757\t53325\t(13934)\t139148\nNet changes in estimated fair value before price alignment interest\t(4252)\t2336\t(495)\t(2411)\nPrice alignment interest (1)\t92\t73\t(10)\t155\nNet interest settlements on derivatives (2)\t(54836)\t(39134)\t15069\t(78901)\nAmortization/accretion of gains (losses) on active hedging relationships\t1\t1263\t751\t2015\nNet gains (losses) on qualifying fair-value hedging relationships\t(58995)\t(35462)\t15315\t(79142)\nAmortization/accretion of gains (losses) on discontinued fair-value hedging relationships\t0\t0\t0\t0\nNet gains (losses) on derivatives and hedging activities in net interest income (3)\t(58995)\t(35462)\t15315\t(79142)\n", "q10k_tbl_29": "Three Months Ended September 30 2019\t\t\t\t\nChanges in estimated fair value:\t\t\t\t\nHedged items (attributable to risk being hedged)\t101809\t140243\t(10308)\t231744\nDerivatives\t(96264)\t(150320)\t5782\t(240802)\nNet changes in estimated fair value before price alignment interest\t5545\t(10077)\t(4526)\t(9058)\nPrice alignment interest (1)\t782\t201\t(147)\t836\nNet interest settlements on derivatives (2)\t13271\t6556\t(3967)\t15860\nAmortization/accretion of gains (losses) on active hedging relationships\t0\t117\t187\t304\nNet gains (losses) on qualifying fair-value hedging relationships\t19598\t(3203)\t(8453)\t7942\nAmortization/accretion of gains (losses) on discontinued fair-value hedging relationships\t2\t0\t(514)\t(512)\nNet gains (losses) on derivatives and hedging activities in net interest income (3)\t19600\t(3203)\t(8967)\t7430\n", "q10k_tbl_30": "Nine Months Ended September 30 2020\tAdvances\tInvestments\tCO Bonds\tTotal\nChanges in estimated fair value:\t\t\t\t\nHedged items (attributable to risk being hedged)\t530727\t589234\t(26013)\t1093948\nDerivatives\t(533327)\t(614242)\t28821\t(1118748)\nNet changes in estimated fair value before price alignment interest\t(2600)\t(25008)\t2808\t(24800)\nPrice alignment interest (1)\t732\t474\t(159)\t1047\nNet interest settlements on derivatives (2)\t(83275)\t(72815)\t43844\t(112246)\nAmortization/accretion of gains (losses) on active hedging relationships\t(13)\t1902\t2084\t3973\nNet gains (losses) on qualifying fair-value hedging relationships\t(85156)\t(95447)\t48577\t(132026)\nAmortization/accretion of gains (losses) on discontinued fair-value hedging relationships\t0\t0\t(36)\t(36)\nNet gains (losses) on derivatives and hedging activities in net interest income (3)\t(85156)\t(95447)\t48541\t(132062)\n", "q10k_tbl_31": "Nine Months Ended September 30 2019\t\t\t\t\nChanges in estimated fair value:\t\t\t\t\nHedged items (attributable to risk being hedged)\t432419\t507397\t(109183)\t830633\nDerivatives\t(431365)\t(535526)\t104749\t(862142)\nNet changes in estimated fair value before price alignment interest\t1054\t(28129)\t(4434)\t(31509)\nPrice alignment interest (1)\t477\t(877)\t(153)\t(553)\nNet interest settlements on derivatives (2)\t56729\t32167\t(34564)\t54332\nAmortization/accretion of gains (losses) on active hedging relationships\t0\t293\t372\t665\nNet gains (losses) on qualifying fair-value hedging relationships\t58260\t3454\t(38779)\t22935\nAmortization/accretion of gains (losses) on discontinued fair-value hedging relationships\t0\t0\t(6678)\t(6678)\nNet gains (losses) on derivatives and hedging activities in net interest income (3)\t58260\t3454\t(45457)\t16257\n", "q10k_tbl_32": "September 30 2020\tAdvances\tInvestments\tCO Bonds\nAmortized cost of hedged items (1)\t19491639\t10216030\t13114608\nCumulative basis adjustments included in amortized cost:\t\t\t\nFor active fair-value hedging relationships (2)\t794820\t682858\t31892\nFor discontinued fair-value hedging relationships\t856\t50648\t0\nTotal cumulative fair-value hedging basis adjustments on hedged items\t795676\t733506\t31892\n", "q10k_tbl_33": "December 31 2019\t\t\t\nAmortized cost of hedged items (1)\t17320223\t8394665\t17039657\nCumulative basis adjustments included in amortized cost:\t\t\t\nFor active fair-value hedging relationships (2)\t207111\t150372\t7855\nFor discontinued fair-value hedging relationships\t0\t0\t(36)\nTotal cumulative fair-value hedging basis adjustments on hedged items\t207111\t150372\t7819\n", "q10k_tbl_34": "Discount Notes\tSeptember 30 2020\tDecember 31 2019\nBook value\t19461386\t17676793\nPar value\t19466035\t17713204\nWeighted average effective interest rate\t0.14%\t1.59%\n", "q10k_tbl_35": "\tSeptember 30 2020\t\tDecember 31 2019\t\nYear of Contractual Maturity\tAmount\tWAIR%\tAmount\tWAIR%\nDue in 1 year or less\t28157490\t0.30\t23404785\t1.88\nDue after 1 year through 2 years\t5208700\t0.79\t6881120\t1.93\nDue after 2 years through 3 years\t1325275\t1.97\t4020790\t2.10\nDue after 3 years through 4 years\t798600\t2.00\t1234375\t2.18\nDue after 4 years through 5 years\t919900\t1.46\t3471250\t2.11\nThereafter\t4638150\t3.01\t5650600\t3.11\nTotal CO bonds par value\t41048115\t0.78\t44662920\t2.09\nUnamortized premiums\t89220\t\t67708\t\nUnamortized discounts\t(12815)\t\t(13321)\t\nUnamortized concessions\t(8259)\t\t(9902)\t\nFair-value hedging adjustments net\t31892\t\t7819\t\nTotal CO bonds\t41148153\t\t44715224\t\n", "q10k_tbl_36": "Redemption Feature\tSeptember 30 2020\tDecember 31 2019\nNon-callable / non-putable\t35073615\t28829420\nCallable\t5974500\t15833500\nTotal CO bonds par value\t41048115\t44662920\n", "q10k_tbl_37": "Year of Contractual Maturity or Next Call Date\tSeptember 30 2020\tDecember 31 2019\nDue in 1 year or less\t31386990\t36243785\nDue after 1 year through 2 years\t5223700\t4484620\nDue after 2 years through 3 years\t1255275\t742790\nDue after 3 years through 4 years\t380100\t516375\nDue after 4 years through 5 years\t603900\t380750\nThereafter\t2198150\t2294600\nTotal CO bonds par value\t41048115\t44662920\n", "q10k_tbl_38": "Interest-Rate Payment Type\tSeptember 30 2020\tDecember 31 2019\nFixed-rate\t20805115\t27565920\nStep-up\t15000\t30000\nSimple variable-rate\t20228000\t17067000\nTotal CO bonds par value\t41048115\t44662920\n", "q10k_tbl_39": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nAHP Activity\t2020\t2019\t2020\t2019\nLiability at beginning of period\t36661\t40247\t38084\t40747\nAssessment (expense)\t1886\t3265\t7273\t11408\nSubsidy usage net (1)\t(3966)\t(6442)\t(10776)\t(15085)\nLiability at end of period\t34581\t37070\t34581\t37070\n", "q10k_tbl_40": "\tSeptember 30 2020\tDecember 31 2019\nPrior capital plan\t\t\nClass B-1 issued and outstanding shares: 0 and 19737727 respectively\t0\t1973773\nClass B-2 issued and outstanding shares: 0 and 3028 respectively\t0\t303\nAmended capital plan\t\t\nClass B-1 issued and outstanding shares: 8401720 and 0 respectively\t840172\t0\nClass B-2 issued and outstanding shares: 13834979 and 0 respectively\t1383498\t0\nTotal Class B issued and outstanding shares: 22236699 and 19740755 respectively\t2223670\t1974076\n", "q10k_tbl_41": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nMRCS Activity\t2020\t2019\t2020\t2019\nLiability at beginning of period\t299704\t174193\t322902\t168876\nReclassification from capital stock\t496\t148870\t13843\t150979\nProceeds from issuance (1)\t0\t0\t0\t3704\nRedemptions/repurchases\t(37750)\t(43)\t(74331)\t(540)\nAccrued distributions\t4\t692\t40\t693\nLiability at end of period\t262454\t323712\t262454\t323712\n", "q10k_tbl_42": "MRCS Contractual Year of Redemption\tSeptember 30 2020\tDecember 31 2019\nYear 1 (1)\t9289\t680\nYear 2\t0\t8649\nYear 3\t26723\t0\nYear 4\t150957\t26723\nYear 5\t13843\t150958\nThereafter (2)\t61642\t135892\nTotal MRCS\t262454\t322902\n", "q10k_tbl_43": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nMRCS Distributions\t2020\t2019\t2020\t2019\nRecorded as interest expense\t2037\t3514\t7777\t8585\nRecorded as distributions from retained earnings\t4\t692\t40\t693\nTotal\t2041\t4206\t7817\t9278\n", "q10k_tbl_44": "\tSeptember 30 2020\t\tDecember 31 2019\t\nRegulatory Capital Requirements\tRequired\tActual\tRequired\tActual\nRisk-based capital\t578760\t3609969\t639495\t3412286\nTotal regulatory capital\t2653666\t3609969\t2700431\t3412286\nTotal regulatory capital-to-asset ratio\t4.00%\t5.44%\t4.00%\t5.05%\nLeverage capital\t3317083\t5414954\t3375539\t5118429\nLeverage ratio\t5.00%\t8.16%\t5.00%\t7.58%\n", "q10k_tbl_45": "AOCI Rollforward\tUnrealized Gains (Losses) on AFS Securities\tPension Benefits\tTotal AOCI\nBalance June 30 2020\t20002\t(24111)\t(4109)\nOCI before reclassifications:\t\t\t\nNet change in unrealized gains (losses)\t77290\t0\t77290\nReclassifications from OCI to net income:\t\t\t\nPension benefits net\t0\t867\t867\nTotal other comprehensive income\t77290\t867\t78157\nBalance September 30 2020\t97292\t(23244)\t74048\nBalance June 30 2019\t71967\t(14667)\t57300\nOCI before reclassifications:\t\t\t\nNet change in unrealized gains (losses)\t(2139)\t0\t(2139)\nReclassifications from OCI to net income:\t\t\t\nPension benefits net\t0\t486\t486\nTotal other comprehensive income (loss)\t(2139)\t486\t(1653)\nBalance September 30 2019\t69828\t(14181)\t55647\n", "q10k_tbl_46": "AOCI Rollforward\tUnrealized Gains (Losses) on AFS Securities\tPension Benefits\tTotal AOCI\nBalance December 31 2019\t89813\t(22437)\t67376\nOCI before reclassifications:\t\t\t\nNet change in unrealized gains (losses)\t7479\t0\t7479\nReclassifications from OCI to net income:\t\t\t\nPension benefits net\t0\t(807)\t(807)\nTotal other comprehensive income (loss)\t7479\t(807)\t6672\nBalance September 30 2020\t97292\t(23244)\t74048\nBalance December 31 2018\t52986\t(11299)\t41687\nOCI before reclassifications:\t\t\t\nNet change in unrealized gains (losses)\t16842\t0\t16842\nReclassifications from OCI to net income:\t\t\t\nPension benefits net\t0\t(2882)\t(2882)\nTotal other comprehensive income (loss)\t16842\t(2882)\t13960\nBalance September 30 2019\t69828\t(14181)\t55647\n", "q10k_tbl_47": "\tThree Months Ended September 30 2020\t\t\tThree Months Ended September 30 2019\t\t\n\tTraditional\tMortgage Loans\tTotal\tTraditional\tMortgage Loans\tTotal\nNet interest income\t65392\t(4673)\t60719\t38149\t12175\t50324\nProvision for (reversal of) credit losses\t0\t124\t124\t0\t(180)\t(180)\nOther income (loss)\t(16480)\t(397)\t(16877)\t2678\t108\t2786\nOther expenses\t22992\t3901\t26893\t20636\t3523\t24159\nIncome before assessments\t25920\t(9095)\t16825\t20191\t8940\t29131\nAffordable Housing Program assessments\t2796\t(910)\t1886\t2371\t894\t3265\nNet income\t23124\t(8185)\t14939\t17820\t8046\t25866\n\tNine Months Ended September 30 2020\t\t\tNine Months Ended September 30 2019\t\t\n\tTraditional\tMortgage Loans\tTotal\tTraditional\tMortgage Loans\tTotal\nNet interest income\t177645\t13688\t191333\t121594\t45813\t167407\nProvision for (reversal of) credit losses\t0\t172\t172\t0\t(166)\t(166)\nOther income (loss)\t(43771)\t(3032)\t(46803)\t9078\t192\t9270\nOther expenses\t67601\t11800\t79401\t61012\t10338\t71350\nIncome before assessments\t66273\t(1316)\t64957\t69660\t35833\t105493\nAffordable Housing Program assessments\t7405\t(132)\t7273\t7825\t3583\t11408\nNet income\t58868\t(1184)\t57684\t61835\t32250\t94085\n", "q10k_tbl_48": "By Date\tTraditional\tMortgage Loans\tTotal\nSeptember 30 2020\t57104477\t9237185\t66341662\nDecember 31 2019\t56695738\t10815037\t67510775\n", "q10k_tbl_49": "\tSeptember 30 2020\t\t\t\t\t\n\t\tEstimated Fair Value\t\t\t\t\n\tCarrying\t\t\t\t\tNetting\nFinancial Instruments\tValue\tTotal\tLevel 1\tLevel 2\tLevel 3\tAdjustments (1)\nAssets:\t\t\t\t\t\t\nCash and due from banks\t130595\t130595\t130595\t0\t0\t0\nInterest-bearing deposits\t56028\t56028\t56007\t21\t0\t0\nSecurities purchased under agreements to resell\t4500000\t4500000\t0\t4500000\t0\t0\nFederal funds sold\t952000\t952000\t0\t952000\t0\t0\nTrading securities\t5058984\t5058984\t0\t5058984\t0\t0\nAFS securities\t10363969\t10363969\t0\t10363969\t0\t0\nHTM securities\t4272457\t4296287\t0\t4296287\t0\t0\nAdvances\t31264246\t31278477\t0\t31278477\t0\t0\nMortgage loans held for portfolio net\t9237185\t9683385\t0\t9599563\t83822\t0\nAccrued interest receivable\t105170\t105170\t0\t105170\t0\t0\nDerivative assets net\t319838\t319838\t0\t24966\t0\t294872\nGrantor trust assets (2)\t27428\t27428\t27428\t0\t0\t0\nLiabilities:\t\t\t\t\t\t\nDeposits\t1299227\t1299227\t0\t1299227\t0\t0\nConsolidated obligations:\t\t\t\t\t\t\nDiscount notes\t19461386\t19463824\t0\t19463824\t0\t0\nBonds\t41148153\t41804331\t0\t41804331\t0\t0\nAccrued interest payable\t64322\t64322\t0\t64322\t0\t0\nDerivative liabilities net\t6991\t6991\t0\t962600\t0\t(955609)\nMRCS\t262454\t262454\t262454\t0\t0\t0\n", "q10k_tbl_50": "\tDecember 31 2019\t\t\t\t\t\n\t\tEstimated Fair Value\t\t\t\t\n\tCarrying\t\t\t\t\tNetting\nFinancial Instruments\tValue\tTotal\tLevel 1\tLevel 2\tLevel 3\tAdjustments (1)\nAssets:\t\t\t\t\t\t\nCash and due from banks\t220294\t220294\t220294\t0\t0\t0\nInterest-bearing deposits\t809141\t809141\t809000\t141\t0\t0\nSecurities purchased under agreements to resell\t1500000\t1500000\t0\t1500000\t0\t0\nFederal funds sold\t2550000\t2550000\t0\t2550000\t0\t0\nTrading securities\t5016649\t5016649\t0\t5016649\t0\t0\nAFS securities\t8484478\t8484478\t0\t8484478\t0\t0\nHTM securities\t5216401\t5216206\t0\t5216206\t0\t0\nAdvances\t32480108\t32425749\t0\t32425749\t0\t0\nMortgage loans held for portfolio net\t10815037\t10943595\t0\t10935787\t7808\t0\nAccrued interest receivable\t131822\t131822\t0\t131822\t0\t0\nDerivative assets net\t208008\t208008\t0\t60941\t0\t147067\nGrantor trust assets (2)\t26050\t26050\t26050\t0\t0\t0\nLiabilities:\t\t\t\t\t\t\nDeposits\t960304\t960304\t0\t960304\t0\t0\nConsolidated obligations:\t\t\t\t\t\t\nDiscount notes\t17676793\t17679210\t0\t17679210\t0\t0\nBonds\t44715224\t45036500\t0\t45036500\t0\t0\nAccrued interest payable\t178981\t178981\t0\t178981\t0\t0\nDerivative liabilities net\t3206\t3206\t0\t319061\t0\t(315855)\nMRCS\t322902\t322902\t322902\t0\t0\t0\n", "q10k_tbl_51": "\t\t\t\t\tNetting\nSeptember 30 2020\tTotal\tLevel 1\tLevel 2\tLevel 3\tAdjustments (1)\nTrading securities:\t\t\t\t\t\nU.S. Treasury securities\t5058984\t0\t5058984\t0\t0\nTotal trading securities\t5058984\t0\t5058984\t0\t0\nAFS securities:\t\t\t\t\t\nGSE and TVA debentures\t4025604\t0\t4025604\t0\t0\nGSE MBS\t6338365\t0\t6338365\t0\t0\nTotal AFS securities\t10363969\t0\t10363969\t0\t0\nDerivative assets:\t\t\t\t\t\nInterest-rate related\t319637\t0\t24765\t0\t294872\nMDCs\t201\t0\t201\t0\t0\nTotal derivative assets net\t319838\t0\t24966\t0\t294872\nGrantor trust assets (2)\t27428\t27428\t0\t0\t0\nTotal assets at recurring estimated fair value\t15770219\t27428\t15447919\t0\t294872\nDerivative liabilities:\t\t\t\t\t\nInterest-rate related\t6741\t0\t962350\t0\t(955609)\nMDCs\t250\t0\t250\t0\t0\nTotal derivative liabilities net\t6991\t0\t962600\t0\t(955609)\nTotal liabilities at recurring estimated fair value\t6991\t0\t962600\t0\t(955609)\nMortgage loans held for portfolio (3)\t1511\t0\t0\t1511\t0\nTotal assets at non-recurring estimated fair value\t1511\t0\t0\t1511\t0\n", "q10k_tbl_52": "\t\t\t\t\tNetting\nDecember 31 2019\tTotal\tLevel 1\tLevel 2\tLevel 3\tAdjustments (1)\nTrading securities:\t\t\t\t\t\nU.S. Treasury securities\t5016649\t0\t5016649\t0\t0\nTotal trading securities\t5016649\t0\t5016649\t0\t0\nAFS securities:\t\t\t\t\t\nGSE and TVA debentures\t3926852\t0\t3926852\t0\t0\nGSE MBS\t4557626\t0\t4557626\t0\t0\nTotal AFS securities\t8484478\t0\t8484478\t0\t0\nDerivative assets:\t\t\t\t\t\nInterest-rate related\t207903\t0\t60836\t0\t147067\nMDCs\t105\t0\t105\t0\t0\nTotal derivative assets net\t208008\t0\t60941\t0\t147067\nGrantor trust assets (2)\t26050\t26050\t0\t0\t0\nTotal assets at recurring estimated fair value\t13735185\t26050\t13562068\t0\t147067\nDerivative liabilities:\t\t\t\t\t\nInterest-rate related\t3203\t0\t319058\t0\t(315855)\nMDCs\t3\t0\t3\t0\t0\nTotal derivative liabilities net\t3206\t0\t319061\t0\t(315855)\nTotal liabilities at recurring estimated fair value\t3206\t0\t319061\t0\t(315855)\nMortgage loans held for portfolio (4)\t1504\t0\t0\t1504\t0\nTotal assets at non-recurring estimated fair value\t1504\t0\t0\t1504\t0\n", "q10k_tbl_53": "\tSeptember 30 2020\t\t\nType of Commitment\tExpire within one year\tExpire after one year\tTotal\nStandby letters of credit outstanding\t416488\t100152\t516640\nUnused lines of credit (1)\t949984\t0\t949984\nCommitments to fund additional advances (2)\t10500\t0\t10500\nCommitments to fund or purchase mortgage loans net (3)\t261771\t0\t261771\nUnsettled CO bonds at par\t250000\t0\t250000\n", "q10k_tbl_54": "\tSeptember 30 2020\t\tDecember 31 2019\t\nBalances with Directors' Financial Institutions\tPar value\t% of Total\tPar value\t% of Total\nCapital stock\t423986\t17%\t57133\t2%\nAdvances\t3544862\t12%\t698699\t2%\n", "q10k_tbl_55": "Transactions with Directors' Financial Institutions\t\tThree Months Ended September 30\t\t\t\tNine Months Ended September 30\t\t\n\t2020\t\t2019\t\t2020\t\t2019\nNet capital stock issuances (redemptions and repurchases)\t\t450\t\t268\t\t78071\t\t4836\nNet advances (repayments)\t\t(784706)\t\t57019\t\t(1504938)\t\t142464\nMortgage loan purchases\t\t7390\t\t7954\t\t34254\t\t19282\n", "q10k_tbl_56": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nLoans to other FHLBanks\t2020\t2019\t2020\t2019\nDisbursements\t(60000)\t0\t(80000)\t0\nPrincipal repayments\t60000\t0\t80000\t0\nBorrowings from other FHLBanks\t\t\t\t\nProceeds from borrowings\t0\t250000\t0\t250000\nPrincipal repayments\t0\t(250000)\t0\t(250000)\n", "q10k_tbl_57": "\tAs of and for the Three Months Ended\t\t\t\t\n\tSeptember 30 2020\tJune 30 2020\tMarch 31 2020\tDecember 31 2019\tSeptember 30 2019\nStatement of Condition:\t\t\t\t\t\nAdvances\t31264\t34848\t38927\t32480\t32487\nMortgage loans held for portfolio net\t9237\t10083\t10649\t10815\t11104\nCash and short-term investments\t5639\t5791\t8085\t5079\t5521\nInvestment securities\t19695\t19817\t20487\t18718\t17754\nTotal assets\t66342\t71070\t78666\t67511\t67262\nDiscount notes\t19462\t28234\t29653\t17677\t15300\nCO bonds\t41148\t36973\t42079\t44715\t47169\nTotal consolidated obligations\t60610\t65207\t71732\t62392\t62469\nMRCS\t262\t300\t323\t323\t324\nCapital stock\t2224\t2194\t2098\t1974\t1939\nRetained earnings\t1124\t1128\t1124\t1115\t1091\nAOCI\t74\t(4)\t(81)\t68\t56\nTotal capital\t3422\t3318\t3141\t3157\t3086\nStatement of Income:\t\t\t\t\t\nNet interest income\t61\t67\t63\t70\t50\nProvision for (reversal of) credit losses\t0\t0\t0\t0\t0\nOther income (loss)\t(17)\t(25)\t(5)\t11\t3\nOther expenses\t27\t26\t26\t28\t24\nAHP assessments\t2\t2\t3\t6\t3\nNet income\t15\t14\t29\t47\t26\nSelected Financial Ratios:\t\t\t\t\t\nNet interest margin (1)\t0.35%\t0.37%\t0.36%\t0.41%\t0.29%\nReturn on average equity (2)\t1.70%\t1.64%\t3.81%\t6.05%\t3.31%\nReturn on average assets (2)\t0.08%\t0.07%\t0.17%\t0.28%\t0.15%\nWeighted average dividend rate (3)\t3.50%\t4.00%\t4.25%\t4.75%\t5.50%\nDividend payout ratio (4)\t126.01%\t150.84%\t70.91%\t48.35%\t106.89%\nTotal capital ratio (5)\t5.16%\t4.67%\t3.99%\t4.68%\t4.59%\nTotal regulatory capital ratio (6)\t5.44%\t5.10%\t4.51%\t5.05%\t4.99%\nAverage equity to average assets\t4.86%\t4.39%\t4.43%\t4.66%\t4.55%\n", "q10k_tbl_58": "\tThree Months Ended September 30\t\t\t\tNine Months Ended September 30\t\t\t\nCondensed Statements of Comprehensive Income\t2020\t2019\t Change\t% Change\t2020\t2019\t Change\t% Change\nNet interest income\t61\t50\t11\t21%\t191\t167\t24\t14%\nProvision for (reversal of) credit losses\t0\t0\t0\t\t0\t0\t0\t\nNet interest income after provision for credit losses\t61\t50\t11\t20%\t191\t167\t24\t14%\nOther income (loss)\t(17)\t3\t(20)\t\t(47)\t9\t(56)\t\nOther expenses\t27\t24\t3\t\t79\t71\t8\t\nIncome before assessments\t17\t29\t(12)\t(42)%\t65\t105\t(40)\t(38)%\nAHP assessments\t2\t3\t(1)\t\t7\t11\t(4)\t\nNet income\t15\t26\t(11)\t(42)%\t58\t94\t(36)\t(39)%\nTotal other comprehensive income (loss)\t78\t(2)\t80\t\t6\t14\t(8)\t\nTotal comprehensive income\t93\t24\t69\t284%\t64\t108\t(44)\t(40)%\n", "q10k_tbl_59": "Condensed Statements of Condition\tSeptember 30 2020\tDecember 31 2019\t Change\t% Change\nAdvances\t31264\t32480\t(1216)\t(4)%\nMortgage loans held for portfolio net\t9237\t10815\t(1578)\t(15)%\nCash and short-term investments (1)\t5639\t5079\t560\t11%\nInvestment securities and other assets (2)\t20202\t19137\t1065\t6%\nTotal assets\t66342\t67511\t(1169)\t(2)%\nConsolidated obligations\t60610\t62392\t(1782)\t(3)%\nMRCS\t262\t323\t(61)\t(19)%\nOther liabilities\t2048\t1639\t409\t25%\nTotal liabilities\t62920\t64354\t(1434)\t(2)%\nCapital stock\t2224\t1974\t250\t13%\nRetained earnings (3)\t1124\t1115\t9\t1%\nAOCI\t74\t68\t6\t10%\nTotal capital\t3422\t3157\t265\t8%\nTotal liabilities and capital\t66342\t67511\t(1169)\t(2)%\nTotal regulatory capital (4)\t3610\t3412\t198\t6%\n", "q10k_tbl_60": "\tThree Months Ended September 30\t\t\t\t\t\n\t2020\t\t\t2019\t\t\n\tAverage Balance\tInterest Income/ Expense (1)\tAverage Yield (1) (2)\tAverage Balance\tInterest Income/ Expense (1)\tAverage Yield (1) (2)\nAssets:\t\t\t\t\t\t\nFederal funds sold and securities purchased under agreements to resell\t5945\t2\t0.09%\t5944\t34\t2.29%\nInvestment securities (3)\t19860\t56\t1.12%\t17430\t104\t2.35%\nAdvances (4)\t32990\t45\t0.54%\t32100\t207\t2.56%\nMortgage loans held for portfolio (4) (5)\t9673\t48\t1.99%\t11275\t87\t3.09%\nOther assets (interest-earning) (6)\t1528\t0\t0.09%\t1298\t7\t2.12%\nTotal interest-earning assets\t69996\t151\t0.86%\t68047\t439\t2.56%\nOther assets (7)\t(639)\t\t\t(6)\t\t\nTotal assets\t69357\t\t\t68041\t\t\nLiabilities and Capital:\t\t\t\t\t\t\nInterest-bearing deposits\t1264\t0\t0.01%\t743\t4\t1.95%\nDiscount notes\t24479\t11\t0.18%\t19185\t110\t2.28%\nCO bonds (4)\t38965\t77\t0.79%\t43996\t271\t2.45%\nMRCS\t280\t2\t2.90%\t273\t4\t5.10%\nOther borrowings\t0\t0\t-%\t6\t0\t2.28%\nTotal interest-bearing liabilities\t64988\t90\t0.55%\t64203\t389\t2.40%\nOther liabilities\t999\t\t\t740\t\t\nTotal capital\t3370\t\t\t3098\t\t\nTotal liabilities and capital\t69357\t\t\t68041\t\t\nNet interest income\t\t61\t\t\t50\t\nNet spread on interest-earning assets less interest-bearing liabilities (2)\t\t\t0.31%\t\t\t0.16%\nNet interest margin (8)\t\t\t0.35%\t\t\t0.29%\nAverage interest-earning assets to interest-bearing liabilities\t1.08\t\t\t1.06\t\t\n", "q10k_tbl_61": "\tNine Months Ended September 30\t\t\t\t\t\n\t2020\t\t\t2019\t\t\n\tAverage Balance\tInterest Income/ Expense (1)\tAverage Yield (1) (2)\tAverage Balance\tInterest Income/ Expense (1)\tAverage Yield (1) (2)\nAssets:\t\t\t\t\t\t\nFederal funds sold and securities purchased under agreements to resell\t5450\t21\t0.52%\t6697\t120\t2.41%\nInvestment securities (3)\t19913\t205\t1.37%\t15848\t303\t2.55%\nAdvances (4)\t33977\t291\t1.14%\t32077\t641\t2.67%\nMortgage loans held for portfolio (4) (5)\t10277\t189\t2.46%\t11355\t277\t3.27%\nOther assets (interest-earning) (6)\t1563\t5\t0.46%\t1011\t17\t2.20%\nTotal interest-earning assets\t71180\t711\t1.34%\t66988\t1358\t2.71%\nOther assets (7)\t55\t\t\t218\t\t\nTotal assets\t71235\t\t\t67206\t\t\nLiabilities and Capital:\t\t\t\t\t\t\nInterest-bearing deposits\t1392\t3\t0.27%\t647\t10\t2.10%\nDiscount notes\t24772\t111\t0.60%\t20586\t369\t2.40%\nCO bonds (4)\t40503\t398\t1.31%\t41870\t803\t2.57%\nMRCS\t302\t8\t3.44%\t207\t9\t5.54%\nOther borrowings\t0\t0\t-%\t2\t0\t2.31%\nTotal interest-bearing liabilities\t66969\t520\t1.04%\t63312\t1191\t2.51%\nOther liabilities\t1020\t\t\t783\t\t\nTotal capital\t3246\t\t\t3111\t\t\nTotal liabilities and capital\t71235\t\t\t67206\t\t\nNet interest income\t\t191\t\t\t167\t\nNet spread on interest-earning assets less interest-bearing liabilities (2)\t\t\t0.30%\t\t\t0.20%\nNet interest margin (8)\t\t\t0.36%\t\t\t0.33%\nAverage interest-earning assets to interest-bearing liabilities\t1.06\t\t\t1.06\t\t\n", "q10k_tbl_62": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nComponents\t2020\t2019\t2020\t2019\nNet gains (losses) on trading securities (1)\t(19)\t6\t2\t26\nNet gains (losses) on derivatives hedging trading securities\t14\t(3)\t(7)\t(20)\nNet gains (losses) on trading securities net of associated derivatives\t(5)\t3\t(5)\t6\nNet interest settlements on derivatives\t(12)\t0\t(40)\t(5)\nNet gains (losses) on other derivatives not designated as hedging instruments\t(2)\t(1)\t(5)\t4\nNet realized gains from sale of available-for-sale securities\t1\t0\t1\t0\nChange in fair value of investments indirectly funding our SERP\t1\t0\t0\t2\nOther net\t0\t1\t2\t2\nTotal other income (loss)\t(17)\t3\t(47)\t9\n", "q10k_tbl_63": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nComponents\t2020\t2019\t2020\t2019\nCompensation and benefits\t15\t12\t44\t40\nOther operating expenses\t8\t8\t23\t21\nFinance Agency and Office of Finance\t2\t3\t7\t7\nOther\t2\t1\t5\t3\nTotal other expenses\t27\t24\t79\t71\n", "q10k_tbl_64": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nTraditional\t2020\t2019\t2020\t2019\nNet interest income\t65\t38\t177\t121\nProvision for (reversal of) credit losses\t0\t0\t0\t0\nOther income (loss)\t(17)\t3\t(44)\t9\nOther expenses\t23\t21\t68\t61\nIncome before assessments\t25\t20\t65\t69\nAHP assessments\t2\t2\t7\t7\nNet income\t23\t18\t58\t62\n", "q10k_tbl_65": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\nMortgage Loans\t2020\t2019\t2020\t2019\nNet interest income\t(4)\t12\t14\t46\nProvision for (reversal of) credit losses\t0\t0\t0\t0\nOther income (loss)\t0\t0\t(3)\t0\nOther expenses\t4\t3\t12\t10\nIncome before assessments\t(8)\t9\t(1)\t36\nAHP assessments\t0\t1\t0\t4\nNet income\t(8)\t8\t(1)\t32\n", "q10k_tbl_66": "\tSeptember 30 2020\t\tDecember 31 2019\t\nMajor Asset Categories\tCarrying Value\t% of Total\tCarrying Value\t% of Total\nAdvances\t31264\t47%\t32480\t48%\nMortgage loans held for portfolio net\t9237\t14%\t10815\t16%\nCash and short-term investments\t5639\t8%\t5079\t8%\nTrading securities\t5059\t8%\t5017\t7%\nOther investment securities\t14636\t22%\t13701\t20%\nOther assets (1)\t507\t1%\t419\t1%\nTotal assets\t66342\t100%\t67511\t100%\n", "q10k_tbl_67": "\tSeptember 30 2020\t\tDecember 31 2019\t\nBorrower Type\tPar Value\t% of Total\tPar Value\t% of Total\nDepository institutions:\t\t\t\t\nCommercial banks and savings institutions\t13567\t44%\t13663\t42%\nCredit unions\t2793\t9%\t2798\t9%\nFormer members - depositories\t480\t2%\t540\t2%\nTotal depository institutions\t16840\t55%\t17001\t53%\nInsurance companies:\t\t\t\t\nCaptive insurance companies (1)\t326\t1%\t2724\t8%\nOther insurance companies\t13293\t44%\t12541\t39%\nFormer members - insurance\t6\t-%\t6\t-%\nTotal insurance companies\t13625\t45%\t15271\t47%\nCDFIs\t0\t-%\t0\t-%\nTotal advances\t30465\t100%\t32272\t100%\n", "q10k_tbl_68": "\tSeptember 30 2020\t\tDecember 31 2019\t\nProduct Type and Redemption Term\tPar Value\t% of Total\tPar Value\t% of Total\nFixed-rate:\t\t\t\t\nFixed-rate (1)\t\t\t\t\nDue in 1 year or less\t8840\t29%\t11167\t35%\nDue after 1 year\t8500\t28%\t7479\t23%\nTotal\t17340\t57%\t18646\t58%\nCallable or prepayable\t\t\t\t\nDue in 1 year or less\t0\t-%\t0\t-%\nDue after 1 year\t24\t-%\t34\t-%\nTotal\t24\t-%\t34\t-%\nPutable\t\t\t\t\nDue in 1 year or less\t0\t-%\t0\t-%\nDue after 1 year\t7578\t25%\t6094\t19%\nTotal\t7578\t25%\t6094\t19%\nOther (2)\t\t\t\t\nDue in 1 year or less\t41\t-%\t50\t-%\nDue after 1 year\t145\t-%\t175\t1%\nTotal\t186\t-%\t225\t1%\nTotal fixed-rate\t25128\t82%\t24999\t78%\nVariable-rate:\t\t\t\t\nVariable-rate (1)\t\t\t\t\nDue in 1 year or less\t40\t-%\t442\t1%\nDue after 1 year\t0\t-%\t0\t-%\nTotal\t40\t-%\t442\t1%\nCallable or prepayable\t\t\t\t\nDue in 1 year or less\t156\t1%\t133\t-%\nDue after 1 year\t5141\t17%\t6698\t21%\nTotal\t5297\t18%\t6831\t21%\nTotal variable-rate\t5337\t18%\t7273\t22%\nOverdrawn demand and overnight deposit accounts\t0\t-%\t0\t-%\nTotal advances\t30465\t100%\t32272\t100%\n", "q10k_tbl_69": "\tSeptember 30 2020\t\tDecember 31 2019\t\nProduct Type\tUPB\t% of Total\tUPB\t% of Total\nMPP:\t\t\t\t\nConventional Advantage\t8164\t90%\t9526\t90%\nConventional Original\t456\t5%\t561\t5%\nFHA\t235\t3%\t276\t3%\nTotal MPP\t8855\t98%\t10363\t98%\nMPF Program:\t\t\t\t\nConventional\t140\t2%\t176\t2%\nGovernment\t38\t-%\t47\t-%\nTotal MPF Program\t178\t2%\t223\t2%\nTotal mortgage loans held for portfolio\t9033\t100%\t10586\t100%\n", "q10k_tbl_70": "Components\tSeptember 30 2020\tDecember 31 2019\tChange\nCash and short-term investments:\t\t\t\nCash and due from banks\t131\t220\t(89)\nInterest-bearing deposits\t56\t809\t(753)\nSecurities purchased under agreements to resell\t4500\t1500\t3000\nFederal funds sold\t952\t2550\t(1598)\nTotal cash and short-term investments\t5639\t5079\t560\nTrading securities:\t\t\t\nU.S. Treasury obligations\t5059\t5017\t42\nTotal trading securities\t5059\t5017\t42\nOther investment securities:\t\t\t\nAFS securities:\t\t\t\nGSE and TVA debentures\t4026\t3927\t99\nGSE MBS\t6338\t4558\t1780\nTotal AFS securities\t10364\t8485\t1879\nHTM securities:\t\t\t\nOther U.S. obligations - guaranteed MBS\t2749\t3060\t(311)\nGSE MBS\t1523\t2156\t(633)\nTotal HTM securities\t4272\t5216\t(944)\nTotal investment securities\t19695\t18718\t977\nTotal cash and investments carrying value\t25334\t23797\t1537\n", "q10k_tbl_71": "\tSeptember 30 2020\t\tDecember 31 2019\t\nInterest-Rate Payment Terms\tEstimated Fair Value\t% of Total\tEstimated Fair Value\t% of Total\nTrading Securities:\t\t\t\t\nU.S. Treasury obligations fixed-rate\t5059\t100%\t5017\t100%\nTotal trading securities\t5059\t100%\t5017\t100%\n\tAmortized Cost\t% of Total\tAmortized Cost\t% of Total\nAFS Securities:\t\t\t\t\nTotal non-MBS fixed-rate\t3985\t39%\t3885\t46%\nTotal MBS fixed-rate\t6282\t61%\t4510\t54%\nTotal AFS securities\t10267\t100%\t8395\t100%\nHTM Securities:\t\t\t\t\nMBS:\t\t\t\t\nFixed-rate\t302\t7%\t760\t15%\nVariable-rate\t3970\t93%\t4456\t85%\nTotal MBS\t4272\t100%\t5216\t100%\nTotal HTM securities\t4272\t100%\t5216\t100%\nTotal AFS and HTM securities:\t\t\t\t\nTotal fixed-rate\t10569\t73%\t9155\t67%\nTotal variable-rate\t3970\t27%\t4456\t33%\nTotal AFS and HTM securities\t14539\t100%\t13611\t100%\n", "q10k_tbl_72": "\tSeptember 30 2020\t\tDecember 31 2019\t\nBy Term\tPar Value\t% of Total\tPar Value\t% of Total\nConsolidated obligations due in 1 year or less:\t\t\t\t\nDiscount notes\t19466\t32%\t17713\t28%\nCO bonds\t28157\t47%\t23405\t38%\nTotal due in 1 year or less\t47623\t79%\t41118\t66%\nLong-term CO bonds\t12891\t21%\t21258\t34%\nTotal consolidated obligations\t60514\t100%\t62376\t100%\n", "q10k_tbl_73": "Hedged Item\tSeptember 30 2020\tDecember 31 2019\nAdvances\t18696\t17113\nInvestments\t15138\t13917\nMortgage loans\t523\t991\nCO bonds\t13074\t17031\nDiscount notes\t2150\t1350\nTotal notional\t49581\t50402\n", "q10k_tbl_74": "September 30 2020\tAdvances\tInvestments\tCO Bonds\tTotal\nCumulative fair-value hedging basis adjustments on hedged items\t796\t734\t(32)\t1498\nEstimated fair value of associated derivatives net\t(791)\t(751)\t31\t(1511)\nNet cumulative fair-value hedging basis adjustments\t5\t(17)\t(1)\t(13)\n", "q10k_tbl_75": "Components\tSeptember 30 2020\tDecember 31 2019\nCapital stock\t65%\t63%\nRetained earnings\t33%\t35%\nAOCI\t2%\t2%\nTotal GAAP capital\t100%\t100%\n", "q10k_tbl_76": "Reconciliation\tSeptember 30 2020\tDecember 31 2019\nTotal GAAP capital\t3422\t3157\nExclude: AOCI\t(74)\t(68)\nAdd: MRCS\t262\t323\nTotal regulatory capital\t3610\t3412\n", "q10k_tbl_77": "\tSeptember 30 2020\t\tDecember 31 2019\t\nBy Type of Member Institution\tAmount\t% of Total\tAmount\t% of Total\nCapital Stock:\t\t\t\t\nDepository institutions:\t\t\t\t\nCommercial banks and savings institutions\t1105\t44%\t955\t42%\nCredit unions\t298\t12%\t277\t12%\nTotal depository institutions\t1403\t56%\t1232\t54%\nInsurance companies\t821\t33%\t742\t32%\nCDFIs\t0\t-%\t0\t-%\nTotal capital stock putable at par value\t2224\t89%\t1974\t86%\nMRCS:\t\t\t\t\nCaptive insurance companies\t62\t3%\t136\t6%\nFormer members (1)\t200\t8%\t187\t8%\nTotal MRCS\t262\t11%\t323\t14%\nTotal regulatory capital stock\t2486\t100%\t2297\t100%\n", "q10k_tbl_78": "Components\tSeptember 30 2020\tDecember 31 2019\nMember capital stock not subject to outstanding redemption requests\t661\t441\nMember capital stock subject to outstanding redemption requests\t0\t1\nMRCS\t225\t175\nTotal excess capital stock\t886\t617\nExcess stock as a percentage of regulatory capital stock\t36%\t27%\n", "q10k_tbl_79": "Risk-Based Capital Components\tSeptember 30 2020\tDecember 31 2019\nCredit risk\t167\t294\nMarket risk\t278\t198\nOperations risk\t134\t147\nTotal risk-based capital requirement\t579\t639\nPermanent capital\t3610\t3412\n", "q10k_tbl_80": "September 30 2020\tA\tTotal\nDomestic\t143\t143\nAustralia\t865\t865\nTotal unsecured credit exposure\t1008\t1008\n", "q10k_tbl_81": "\t\t\t\t\tBelow\t\n\t\t\t\t\tInvestment\t\nSeptember 30 2020\tAAA\tAA\tA\tBBB\tGrade\tTotal\nShort-term investments:\t\t\t\t\t\t\nInterest-bearing deposits\t0\t0\t56\t0\t0\t56\nSecurities purchased under agreements to resell\t0\t4500\t0\t0\t0\t4500\nFederal funds sold\t0\t0\t952\t0\t0\t952\nTotal short-term investments\t0\t4500\t1008\t0\t0\t5508\nTrading securities:\t\t\t\t\t\t\nU.S. Treasury obligations\t0\t5059\t0\t0\t0\t5059\nTotal trading securities\t0\t5059\t0\t0\t0\t5059\nOther investment securities:\t\t\t\t\t\t\nGSE and TVA debentures\t0\t4026\t0\t0\t0\t4026\nGSE MBS\t0\t7861\t0\t0\t0\t7861\nOther U.S. obligations - guaranteed RMBS\t0\t2749\t0\t0\t0\t2749\nTotal other investment securities\t0\t14636\t0\t0\t0\t14636\nTotal investments carrying value\t0\t24195\t1008\t0\t0\t25203\nPercentage of total\t-%\t96%\t4%\t-%\t-%\t100%\nDecember 31 2019\t\t\t\t\t\t\nShort-term investments:\t\t\t\t\t\t\nInterest-bearing deposits\t0\t0\t809\t0\t0\t809\nSecurities purchased under agreements to resell\t0\t1500\t0\t0\t0\t1500\nFederal funds sold\t0\t1090\t1460\t0\t0\t2550\nTotal short-term investments\t0\t2590\t2269\t0\t0\t4859\nTrading securities:\t\t\t\t\t\t\nU.S. Treasury obligations\t0\t5017\t0\t0\t0\t5017\nTotal trading securities\t0\t5017\t0\t0\t0\t5017\nOther investment securities:\t\t\t\t\t\t\nGSE and TVA debentures\t0\t3927\t0\t0\t0\t3927\nGSE MBS\t0\t6714\t0\t0\t0\t6714\nOther U.S. obligations - guaranteed RMBS\t0\t3060\t0\t0\t0\t3060\nTotal other investment securities\t0\t13701\t0\t0\t0\t13701\nTotal investments carrying value\t0\t21308\t2269\t0\t0\t23577\nPercentage of total\t-%\t90%\t10%\t-%\t-%\t100%\n", "q10k_tbl_82": "\tThree Months Ended September 30 2020\t\t\nLRA Activity\tOriginal\tAdvantage\tTotal\t\t\t\t\t\t\t\t\t\t\t\t\nLiability beginning of period\t6\t191\t197\t\t\t\t\t\t\t\t\t\t\t\t\nAdditions\t0\t5\t5\t\t\t\t\t\t\t\t\t\t\t\t\nClaims paid\t0\t0\t0\t\t\t\t\t\t\t\t\t\t\t\t\nDistributions to PFIs\t(1)\t0\t(1)\t\t\t\t\t\t\t\t\t\t\t\t\nLiability end of period\t5\t196\t201\t\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_83": "\tNine Months Ended September 30 2020\t\t\nLRA Activity\tOriginal\tAdvantage\tTotal\t\t\t\t\t\t\t\t\t\t\t\t\nLiability beginning of period\t7\t180\t187\t\t\t\t\t\t\t\t\t\t\t\t\nAdditions\t0\t17\t17\t\t\t\t\t\t\t\t\t\t\t\t\nClaims paid\t0\t0\t0\t\t\t\t\t\t\t\t\t\t\t\t\nDistributions to PFIs\t(2)\t(1)\t(3)\t\t\t\t\t\t\t\t\t\t\t\t\nLiability end of period\t5\t196\t201\t\t\t\t\t\t\t\t\t\t\t\t\n", "q10k_tbl_84": "September 30 2020\tNotional Amount\tNet Estimated Fair Value Before Collateral\tCash Collateral Pledged To (From) Counterparties\tNet Credit Exposure\nNon-member counterparties:\t\t\t\t\nAsset positions with credit exposure\t\t\t\t\nUncleared derivatives - A\t233\t0\t0\t0\nCleared derivatives (1)\t32694\t19\t278\t297\nLiability positions with credit exposure\t\t\t\t\nUncleared derivatives - A\t13483\t(920)\t939\t19\nUncleared derivatives - BBB\t580\t(9)\t11\t2\nCleared derivatives (1)\t1911\t0\t2\t2\nTotal derivative positions with credit exposure to non-member counterparties\t48901\t(910)\t1230\t320\nTotal derivative positions with credit exposure to member institutions (2)\t125\t0\t0\t0\nSubtotal - derivative positions with credit exposure\t49026\t(910)\t1230\t320\nDerivative positions without credit exposure\t555\t\t\t\nTotal derivative positions\t49581\t\t\t\n", "q10k_tbl_85": "LIBOR-Indexed Financial Instruments\tYear of Maturity\t\t\t\nSeptember 30 2020\t2020\t2021\t2022 and thereafter\tTotal\nAssets:\t\t\t\t\nAdvances par value (1)\t0\t175\t3600\t3775\nMortgage-backed securities par value (2)\t0\t0\t3867\t3867\nTotal\t0\t175\t7467\t7642\nInterest-rate swaps - receive leg notional:\t\t\t\t\nCleared\t1916\t2162\t6988\t11066\nUncleared\t10\t117\t11521\t11648\nTotal\t1926\t2279\t18509\t22714\nLiabilities:\t\t\t\t\nCO bonds par value (2)\t3075\t6450\t0\t9525\nInterest-rate swaps - pay leg notional:\t\t\t\t\nCleared\t3572\t9344\t434\t13350\nUncleared\t80\t1030\t264\t1374\nTotal\t3652\t10374\t698\t14724\nOther derivatives notional:\t\t\t\t\nInterest-rate caps held\t0\t0\t626\t626\n", "q10k_tbl_86": "December 31 2019\t\t\t\t\nAssets:\t\t\t\t\nAdvances par value (1)\t178\t311\t3841\t4330\nMortgage-backed securities par value (2)\t12\t0\t4437\t4449\nTotal\t190\t311\t8278\t8779\nInterest-rate swaps - receive leg notional:\t\t\t\t\nCleared\t4364\t1871\t7087\t13322\nUncleared\t279\t117\t10814\t11210\nTotal\t4643\t1988\t17901\t24532\nLiabilities:\t\t\t\t\nCO bonds par value (2)\t10235\t1050\t0\t11285\nInterest-rate swaps - pay leg notional:\t\t\t\t\nCleared\t4520\t849\t234\t5603\nUncleared\t2737\t2445\t6248\t11430\nTotal\t7257\t3294\t6482\t17033\nOther derivatives notional:\t\t\t\t\nInterest-rate caps held\t43\t0\t626\t669\n", "q10k_tbl_87": "September 30 2020\tDown 200 (1)\tDown 100 (1)\tBase\tUp 100\tUp 200\nMVE\t3685\t3696\t3623\t3601\t3535\nPercent change in MVE from base\t1.7%\t2.0%\t0%\t(0.6)%\t(2.4)%\nMVE/Book value of equity\t100.0%\t100.3%\t98.4%\t97.7%\t96.0%\nDuration of equity (2)\t(0.1)\t0.3\t1.6\t1.3\t2.2\n", "q10k_tbl_88": "December 31 2019\t\t\t\t\t\nMVE\t3353\t3285\t3237\t3175\t3171\nPercent change in MVE from base\t3.6%\t1.5%\t0%\t(1.9)%\t(2.0)%\nMVE/Book value of equity\t96.4%\t94.4%\t93.0%\t91.2%\t91.1%\nDuration of equity (2)\t2.0\t0.5\t2.4\t0.5\t0.5\n", "q10k_tbl_89": "Exhibit Number\tDescription\n3.1*\tOrganization Certificate of the Federal Home Loan Bank of Indianapolis incorporated by reference to Exhibit 3.1 of our Registration Statement on Form 10 (Commission File No. 000-51404) filed on February 14 2006\n3.2*\tBylaws of the Federal Home Loan Bank of Indianapolis as amended effective June 28 2019 incorporated by reference to Exhibit 3.1 of our Quarterly Report on Form 10-Q (Commission File No. 000-51404) filed on August 12 2019\n4.1*\tCapital Plan of the Federal Home Loan Bank of Indianapolis effective February 10 2020 through September 25 2020 incorporated by reference to Exhibit 4.2 of our Annual Report on Form 10-K (Commission File No. 000-51404) filed on March 10 2020\n4.2*\tCapital Plan of the Federal Home Loan Bank of Indianapolis effective September 26 2020 incorporated by reference to Exhibit 4.1 of our Current Report on Form 8-K (Commission File No. 000-51404) filed on August 17 2020\n10.1*\tJoint Capital Enhancement Agreement dated August 5 2011 incorporated by reference to Exhibit 99.1 of our Current Report on Form 8-K (Commission File No. 000-51404) filed on August 5 2011\n10.2*\tSupplemental Executive Thrift Plan as Amended and Restated Effective as of January 1 2021 incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K (Commission File No. 000-51404) filed on August 26 2020.\n31.1\tCertification of the President - Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\n31.2\tCertification of the Executive Vice President - Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\n31.3\tCertification of the Senior Vice President - Chief Accounting Officer pursuant to Section 302 of the Sarbanes - Oxley Act of 2002\n32\tCertification of the President - Chief Executive Officer Executive Vice President - Chief Financial Officer and Senior Vice President - Chief Accounting Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\n101.INS\tXBRL Instance Document\n101.SCH\tXBRL Taxonomy Extension Schema Document\n101.CAL\tXBRL Taxonomy Extension Calculation Linkbase Document\n101.LAB\tXBRL Taxonomy Extension Label Linkbase Document\n101.PRE\tXBRL Taxonomy Extension Presentation Linkbase Document\n101.DEF\tXBRL Taxonomy Extension Definition Linkbase Document\n"}{"bs": "q10k_tbl_1", "is": "q10k_tbl_2", "cf": "q10k_tbl_6"}None
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2020
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 000-51404
FEDERAL HOME LOAN BANK OF INDIANAPOLIS
(Exact name of registrant as specified in its charter)
Federally Chartered Corporation
35-6001443
(State or other jurisdiction of incorporation)
(IRS employer identification number)
8250 Woodfield Crossing Blvd.Indianapolis, IN
46240
(Address of principal executive offices)
(Zip code)
(317) 465-0200
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
None
None
None
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing for the past 90 days.
xYeso No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
xYeso No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
☐
Large accelerated filer
☐
Accelerated filer
☐
Emerging growth company
x
Non-accelerated Filer
☐
Smaller reporting company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
☐ Yes x No
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
As used in this Form 10-Q, unless the context otherwise requires, the terms "we," "us," "our," and the "Bank" refer to the Federal Home Loan Bank of Indianapolis or its management. We use acronyms and terms throughout that are defined herein or in the Defined Terms in Part I Item 1.
Special Note Regarding Forward-Looking Statements
Statements in this Form 10-Q, including statements describing our objectives, projections, estimates or predictions, may be considered to be "forward-looking statements." These statements may use forward-looking terminology, such as "anticipates," "believes," "could," "estimates," "may," "should," "expects," "will," or their negatives or other variations on these terms. We caution that, by their nature, forward-looking statements involve risk or uncertainty and that actual results either could differ materially from those expressed or implied in these forward-looking statements or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the following:
•economic and market conditions, including the timing and volume of market activity, inflation or deflation, changes in the value of global currencies, and changes in the financial condition of market participants;
•volatility of market prices, interest rates, and indices or the availability of suitable interest rate indices, or other factors, resulting from the effects of, and changes in, various monetary or fiscal policies and regulations, including those determined by the FRB and the FDIC, or a decline in liquidity in the financial markets, that could affect the value of investments or collateral we hold as security for the obligations of our members and counterparties;
•changes in demand for our advances and purchases of mortgage loans resulting from:
◦changes in our members' deposit flows and credit demands;
◦changes in products or services we are able to provide;
◦federal or state regulatory developments impacting suitability or eligibility of membership classes;
◦membership changes, including, but not limited to, mergers, acquisitions and consolidations of charters;
◦changes in the general level of housing activity in the United States and particularly our district states of Michigan and Indiana, the level of refinancing activity and consumer product preferences;
◦competitive forces, including, without limitation, other sources of funding available to our members; and
◦changes in the terms and conditions of ownership of our capital stock;
•changes in mortgage asset prepayment patterns, delinquency rates and housing values or improper or inadequate mortgage originations and mortgage servicing;
•ability to introduce and successfully manage new products and services, including new types of collateral securing advances;
•political events, including federal government shutdowns, administrative, legislative, regulatory, or other developments, national or international health crises (such as the COVID-19 pandemic) and the responses of governments and financial markets to such crises, changes in international political structures and alliances, and judicial rulings that affect us, our status as a secured creditor, our members (or certain classes of members), prospective members, counterparties, GSEs generally, one or more of the FHLBanks and/or investors in the consolidated obligations of the FHLBanks;
•ability to access the capital markets and raise capital market funding on acceptable terms;
•changes in our credit ratings or the credit ratings of the other FHLBanks and the FHLBank System;
•changes in the level of government guarantees provided to other United States and international financial institutions;
•dealer commitment to supporting the issuance of our consolidated obligations;
•ability of one or more of the FHLBanks to repay its portion of the consolidated obligations, or otherwise meet its financial obligations;
•ability to attract and retain skilled personnel;
•ability to develop, implement and support technology and information systems sufficient to manage our business effectively;
•nonperformance of counterparties to uncleared and cleared derivative transactions;
•changes in terms of derivative agreements and similar agreements;
•loss arising from natural disasters, acts of war or acts of terrorism;
•changes in or differing interpretations of accounting guidance; and
•other risk factors identified in our filings with the SEC.
Although we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, additional disclosures may be made through reports filed with the SEC in the future, including our Forms 10-K, 10-Q and 8-K.