falsedesktopFHLBT2020-09-30000132587820000025{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated Filer\t☐\tAccelerated Filer\t☐\nNon-accelerated Filer\t☒\tSmaller reporting company\t☐\n\t\tEmerging growth company\t☐\n", "q10k_tbl_1": "\tShares outstanding as of\n\tNovember 3 2020\nClass A Stock par value $100 per share\t3454177\nClass B Stock par value $100 per share\t11978572\n", "q10k_tbl_2": "PART I\tFINANCIAL INFORMATION\t6\nItem 1.\tFinancial Statements\t6\n\tStatements of Condition\t7\n\tStatements of Income\t9\n\tStatements of Comprehensive Income\t11\n\tStatements of Capital\t12\n\tStatements of Cash Flows\t14\n\tNotes to Financial Statements\t17\nItem 2.\tManagement's Discussion and Analysis of Financial Condition and Results of Operations\t53\n\tExecutive Level Overview\t53\n\tFinancial Market Trends\t57\n\tCritical Accounting Policies and Estimates\t58\n\tResults of Operations\t59\n\tFinancial Condition\t74\n\tLiquidity and Capital Resources\t91\n\tRisk Management\t95\n\tRecently Issued Accounting Standards\t102\n\tLegislative and Regulatory Developments\t103\nItem 3.\tQuantitative and Qualitative Disclosures About Market Risk\t104\nItem 4.\tControls and Procedures\t110\nPart II\tOTHER INFORMATION\t110\nItem 1.\tLegal Proceedings\t110\nItem 1A.\tRisk Factors\t110\nItem 2.\tUnregistered Sales of Equity Securities and Use of Proceeds\t111\nItem 3.\tDefaults Upon Senior Securities\t111\nItem 4.\tMine Safety Disclosures\t111\nItem 5.\tOther Information\t111\nItem 6.\tExhibits\t112\n", "q10k_tbl_3": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\nSTATEMENTS OF CONDITION - Unaudited\t\t\n(In thousands except par value)\t\t\n\t09/30/2020\t12/31/2019\nASSETS\t\t\nCash and due from banks\t22704\t1917166\nInterest-bearing deposits\t499662\t921453\nSecurities purchased under agreements to resell (Note 9)\t4600000\t4750000\nFederal funds sold\t1435000\t850000\nInvestment securities:\t\t\nTrading securities (Note 3)\t3117935\t2812562\nAvailable-for-sale securities (Note 3)\t7290611\t7182500\nHeld-to-maturity securities fair value of $2975782 and $3556938 (Note 3)\t2973976\t3569958\nTotal investment securities\t13382522\t13565020\nAdvances (Note 4)\t22616252\t30241315\nMortgage loans held for portfolio net of allowance for credit losses of $7926 and $985 (Note 5)\t10093466\t10633009\nAccrued interest receivable\t108532\t143765\nDerivative assets net (Notes 6 9)\t162501\t154804\nOther assets\t90735\t100122\nTOTAL ASSETS\t53011374\t63276654\nLIABILITIES\t\t\nDeposits (Note 7)\t1016316\t790640\nConsolidated obligations net:\t\t\nDiscount notes (Note 8)\t11936214\t27447911\nBonds (Note 8)\t37294169\t32013314\nTotal consolidated obligations net\t49230383\t59461225\nMandatorily redeemable capital stock (Note 10)\t1914\t2415\nAccrued interest payable\t54913\t117580\nAffordable Housing Program payable\t39350\t43027\nDerivative liabilities net (Notes 6 9)\t173\t202\nOther liabilities\t68389\t70514\nTOTAL LIABILITIES\t50411438\t60485603\nCommitments and contingencies (Note 13)\t\t\n", "q10k_tbl_4": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\nSTATEMENTS OF CONDITION - Unaudited\t\t\n(In thousands except par value)\t\t\n\t09/30/2020\t12/31/2019\nCAPITAL\t\t\nCapital stock outstanding - putable:\t\t\nClass A ($100 par value; 3872 and 4476 shares issued and outstanding) (Note 10)\t387207\t447610\nClass B ($100 par value; 11935 and 13188 shares issued and outstanding) (Note 10)\t1193534\t1318846\nTotal capital stock\t1580741\t1766456\nRetained earnings:\t\t\nUnrestricted\t773640\t765295\nRestricted\t248926\t234514\nTotal retained earnings\t1022566\t999809\nAccumulated other comprehensive income (loss) (Note 11)\t(3371)\t24786\nTOTAL CAPITAL\t2599936\t2791051\nTOTAL LIABILITIES AND CAPITAL\t53011374\t63276654\n", "q10k_tbl_5": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\t\t\nSTATEMENTS OF INCOME - Unaudited\t\t\t\t\n(In thousands)\t\t\t\t\n\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nINTEREST INCOME:\t\t\t\t\nInterest-bearing deposits\t471\t5300\t5736\t15518\nSecurities purchased under agreements to resell\t1378\t26768\t16906\t84266\nFederal funds sold\t575\t8179\t4517\t28058\nTrading securities\t18099\t20342\t56371\t68211\nAvailable-for-sale securities\t9588\t47811\t43753\t78694\nHeld-to-maturity securities\t4540\t24337\t29024\t84469\nAdvances\t38848\t186431\t230000\t563602\nMortgage loans held for portfolio\t64192\t76546\t222962\t225015\nOther\t286\t346\t940\t1097\nTotal interest income\t137977\t396060\t610209\t1148930\nINTEREST EXPENSE:\t\t\t\t\nDeposits\t76\t2540\t1707\t7701\nConsolidated obligations:\t\t\t\t\nDiscount notes\t5674\t133680\t120385\t433473\nBonds\t67142\t185096\t310628\t519967\nMandatorily redeemable capital stock (Note 10)\t12\t30\t50\t113\nOther\t285\t299\t888\t1016\nTotal interest expense\t73189\t321645\t433658\t962270\nNET INTEREST INCOME\t64788\t74415\t176551\t186660\nProvision (reversal) for credit losses on mortgage loans (Note 5)\t116\t393\t717\t509\nNET INTEREST INCOME AFTER LOAN LOSS PROVISION (REVERSAL)\t64672\t74022\t175834\t186151\nOTHER INCOME (LOSS):\t\t\t\t\nNet gains (losses) on trading securities (Note 3)\t(6995)\t16186\t92769\t86784\nNet gains (losses) on sale of available-for-sale securities (Note 3)\t0\t0\t1523\t0\nNet gains (losses) on sale of held-to-maturity securities (Note 3)\t0\t0\t0\t(46)\nNet gains (losses) on derivatives and hedging activities (Note 6)\t2026\t(20386)\t(135581)\t(78939)\nStandby bond purchase agreement commitment fees\t560\t566\t1660\t1685\nLetters of credit fees\t1663\t1190\t4705\t3581\nOther\t1112\t937\t(191)\t2470\nTotal other income (loss)\t(1634)\t(1507)\t(35115)\t15535\n", "q10k_tbl_6": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\t\t\nSTATEMENTS OF INCOME - Unaudited\t\t\t\t\n(In thousands)\t\t\t\t\n\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nOTHER EXPENSES:\t\t\t\t\nCompensation and benefits\t10014\t9781\t29533\t28598\nOther operating\t4365\t5031\t13840\t14331\nFederal Housing Finance Agency\t1023\t812\t3068\t2437\nOffice of Finance\t1036\t972\t2889\t2717\nMortgage loans transaction service fees\t1946\t1775\t6029\t5010\nOther\t226\t262\t5290\t843\nTotal other expenses\t18610\t18633\t60649\t53936\nINCOME BEFORE ASSESSMENTS\t44428\t53882\t80070\t147750\nAffordable Housing Program\t4444\t5391\t8012\t14786\nNET INCOME\t39984\t48491\t72058\t132964\n", "q10k_tbl_7": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\t\t\nSTATEMENTS OF COMPREHENSIVE INCOME - Unaudited\t\t\t\t\n(In thousands)\t\t\t\t\n\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nNet income\t39984\t48491\t72058\t132964\nOther comprehensive income (loss):\t\t\t\t\nNet unrealized gains (losses) on available-for-sale securities\t30295\t(17324)\t(28239)\t(1249)\nDefined benefit pension plan\t28\t95\t82\t240\nTotal other comprehensive income (loss)\t30323\t(17229)\t(28157)\t(1009)\nTOTAL COMPREHENSIVE INCOME\t70307\t31262\t43901\t131955\n", "q10k_tbl_8": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\t\t\t\t\t\t\t\t\t\nSTATEMENTS OF CAPITAL - Unaudited\t\t\t\t\t\t\t\t\t\t\t\n(In thousands)\t\t\t\t\t\t\t\t\t\t\t\n\tCapital Stock1\t\t\t\t\t\tRetained Earnings\t\t\tAccumulated\tTotal Capital\n\tOther\n\tClass A\t\tClass B\t\tTotal\t\tComprehensive\n\tShares\tPar Value\tShares\tPar Value\tShares\tPar Value\tUnrestricted\tRestricted\tTotal\tIncome (Loss)\nBalance at June 30 2019\t2155\t215536\t13830\t1382968\t15985\t1598504\t735915\t214361\t950276\t31913\t2580693\nComprehensive income\t\t\t\t\t\t\t38792\t9699\t48491\t(17229)\t31262\nProceeds from issuance of capital stock\t0\t0\t3974\t397429\t3974\t397429\t\t\t\t\t397429\nRepurchase/redemption of capital stock\t(721)\t(72148)\t(1191)\t(119069)\t(1912)\t(191217)\t\t\t\t\t(191217)\nNet reclassification of shares to mandatorily redeemable capital stock\t(253)\t(25225)\t(1345)\t(134550)\t(1598)\t(159775)\t\t\t\t\t(159775)\nNet transfer of shares between Class A and Class B\t2263\t226290\t(2263)\t(226290)\t0\t0\t\t\t\t\t0\nDividends on capital stock (Class A - 2.5% Class B - 7.5%):\t\t\t\t\t\t\t\t\t\t\t\nCash payment\t\t\t\t\t\t\t(70)\t\t(70)\t\t(70)\nStock issued\t\t\t257\t25749\t257\t25749\t(25749)\t\t(25749)\t\t0\nBalance at September 30 2019\t3444\t344453\t13262\t1326237\t16706\t1670690\t748888\t224060\t972948\t14684\t2658322\n\tCapital Stock1\t\t\t\t\t\tRetained Earnings\t\t\tAccumulated\tTotal Capital\n\tOther\n\tClass A\t\tClass B\t\tTotal\t\tComprehensive\n\tShares\tPar Value\tShares\tPar Value\tShares\tPar Value\tUnrestricted\tRestricted\tTotal\tIncome (Loss)\nBalance at June 30 2020\t5007\t500679\t8913\t891324\t13920\t1392003\t755700\t240929\t996629\t(33694)\t2354938\nComprehensive income\t\t\t\t\t\t\t31987\t7997\t39984\t30323\t70307\nProceeds from issuance of capital stock\t2\t222\t8208\t820820\t8210\t821042\t\t\t\t\t821042\nRepurchase/redemption of capital stock\t0\t0\t(257)\t(25724)\t(257)\t(25724)\t\t\t\t\t(25724)\nNet reclassification of shares to mandatorily redeemable capital stock\t(1987)\t(198626)\t(4219)\t(421935)\t(6206)\t(620561)\t\t\t\t\t(620561)\nNet transfer of shares between Class A and Class B\t850\t84932\t(850)\t(84932)\t0\t0\t\t\t\t\t0\nDividends on capital stock (Class A - 0.3% Class B - 5.2%):\t\t\t\t\t\t\t\t\t\t\t\nCash payment\t\t\t\t\t\t\t(66)\t\t(66)\t\t(66)\nStock issued\t\t\t140\t13981\t140\t13981\t(13981)\t\t(13981)\t\t0\nBalance at September 30 2020\t3872\t387207\t11935\t1193534\t15807\t1580741\t773640\t248926\t1022566\t(3371)\t2599936\n", "q10k_tbl_9": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\t\t\t\t\t\t\t\t\t\nSTATEMENTS OF CAPITAL - Unaudited\t\t\t\t\t\t\t\t\t\t\t\n(In thousands)\t\t\t\t\t\t\t\t\t\t\t\n\tCapital Stock1\t\t\t\t\t\tRetained Earnings\t\t\tAccumulated\tTotal Capital\n\tOther\n\tClass A\t\tClass B\t\tTotal\t\tComprehensive\n\tShares\tPar Value\tShares\tPar Value\tShares\tPar Value\tUnrestricted\tRestricted\tTotal\tIncome (Loss)\nBalance at December 31 2018\t2473\t247361\t12772\t1277176\t15245\t1524537\t716555\t197467\t914022\t15693\t2454252\nComprehensive income\t\t\t\t\t\t\t106371\t26593\t132964\t(1009)\t131955\nProceeds from issuance of capital stock\t12\t1171\t11601\t1160158\t11613\t1161329\t\t\t\t\t1161329\nRepurchase/redemption of capital stock\t(6450)\t(645039)\t(2256)\t(225555)\t(8706)\t(870594)\t\t\t\t\t(870594)\nNet reclassification of shares to mandatorily redeemable capital stock\t(778)\t(77763)\t(1406)\t(140648)\t(2184)\t(218411)\t\t\t\t\t(218411)\nNet transfer of shares between Class A and Class B\t8187\t818723\t(8187)\t(818723)\t0\t0\t\t\t\t\t0\nDividends on capital stock (Class A - 2.4% Class B - 7.5%):\t\t\t\t\t\t\t\t\t\t\t\nCash payment\t\t\t\t\t\t\t(209)\t\t(209)\t\t(209)\nStock issued\t\t\t738\t73829\t738\t73829\t(73829)\t\t(73829)\t\t0\nBalance at September 30 2019\t3444\t344453\t13262\t1326237\t16706\t1670690\t748888\t224060\t972948\t14684\t2658322\n\tCapital Stock1\t\t\t\t\t\tRetained Earnings\t\t\tAccumulated\tTotal Capital\n\tOther\n\tClass A\t\tClass B\t\tTotal\t\tComprehensive\n\tShares\tPar Value\tShares\tPar Value\tShares\tPar Value\tUnrestricted\tRestricted\tTotal\tIncome (Loss)\nBalance at December 31 2019\t4476\t447610\t13188\t1318846\t17664\t1766456\t765295\t234514\t999809\t24786\t2791051\nAdjustment for cumulative effect of accounting change\t\t\t\t\t\t\t(6123)\t0\t(6123)\t\t(6123)\nComprehensive income\t\t\t\t\t\t\t57646\t14412\t72058\t(28157)\t43901\nProceeds from issuance of capital stock\t10\t1035\t13713\t1371346\t13723\t1372381\t\t\t\t\t1372381\nRepurchase/redemption of capital stock\t0\t0\t(843)\t(84358)\t(843)\t(84358)\t\t\t\t\t(84358)\nNet reclassification of shares to mandatorily redeemable capital stock\t(8608)\t(860766)\t(6664)\t(666486)\t(15272)\t(1527252)\t\t\t\t\t(1527252)\nNet transfer of shares between Class A and Class B\t7994\t799328\t(7994)\t(799328)\t0\t0\t\t\t\t\t0\nPartial recovery of prior capital distribution to Financing Corporation\t\t\t\t\t\t\t10543\t0\t10543\t\t10543\nDividends on capital stock (Class A - 0.9% Class B - 6.1%):\t\t\t\t\t\t\t\t\t\t\t\nCash payment\t\t\t\t\t\t\t(207)\t\t(207)\t\t(207)\nStock issued\t\t\t535\t53514\t535\t53514\t(53514)\t\t(53514)\t\t0\nBalance at September 30 2020\t3872\t387207\t11935\t1193534\t15807\t1580741\t773640\t248926\t1022566\t(3371)\t2599936\n", "q10k_tbl_10": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\nSTATEMENTS OF CASH FLOWS - Unaudited\t\t\n(In thousands)\t\t\n\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\nCASH FLOWS FROM OPERATING ACTIVITIES:\t\t\nNet income\t72058\t132964\nAdjustments to reconcile income (loss) to net cash provided by (used in) operating activities:\t\t\nDepreciation and amortization:\t\t\nPremiums and discounts on consolidated obligations net\t(50162)\t738\nConcessions on consolidated obligations\t24029\t10128\nPremiums and discounts on investments net\t14556\t6246\nPremiums discounts and commitment fees on advances net\t(3385)\t(1379)\nPremiums discounts and deferred loan costs on mortgage loans net\t47349\t18542\nFair value adjustments on hedged assets or liabilities\t3568\t2948\nPremises software and equipment\t2498\t2331\nOther\t82\t240\nProvision (reversal) for credit losses on mortgage loans\t717\t509\nNon-cash interest on mandatorily redeemable capital stock\t49\t111\nNet realized (gains) losses on sale of available-for-sale securities\t(1523)\t0\nNet realized (gains) losses on sale of held-to-maturity securities\t0\t46\nNet realized (gains) losses on disposal of premises software and equipment\t3471\t(3)\nOther adjustments\t4366\t(272)\nNet (gains) losses on trading securities\t(92769)\t(86784)\nNet change in derivatives and hedging activities\t(288215)\t(144589)\n(Increase) decrease in accrued interest receivable\t36037\t(41801)\nChange in net accrued interest included in derivative assets\t30973\t(1254)\n(Increase) decrease in other assets\t1407\t3056\nIncrease (decrease) in accrued interest payable\t(63193)\t28372\nChange in net accrued interest included in derivative liabilities\t(117)\t4332\nIncrease (decrease) in Affordable Housing Program liability\t(3677)\t(1777)\nIncrease (decrease) in other liabilities\t(1849)\t(1682)\nTotal adjustments\t(335788)\t(201942)\nNET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES\t(263730)\t(68978)\n", "q10k_tbl_11": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\nSTATEMENTS OF CASH FLOWS - Unaudited\t\t\n(In thousands)\t\t\n\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\nCASH FLOWS FROM INVESTING ACTIVITIES:\t\t\nNet (increase) decrease in interest-bearing deposits\t145874\t(32829)\nNet (increase) decrease in securities purchased under resale agreements\t150000\t(886278)\nNet (increase) decrease in Federal funds sold\t(585000)\t(850000)\nProceeds from sale of trading securities\t275186\t429\nProceeds from maturities of and principal repayments on trading securities\t337209\t3015268\nPurchases of trading securities\t(825000)\t(3679375)\nProceeds from sale of available-for-sale securities\t289045\t0\nProceeds from maturities of and principal repayments on available-for-sale securities\t300801\t8732\nPurchases of available-for-sale securities\t(430610)\t(4180862)\nProceeds from sale of held-to-maturity securities\t0\t9442\nProceeds from maturities of and principal repayments on held-to-maturity securities\t594829\t716417\nAdvances repaid\t252632071\t279880008\nAdvances originated\t(244759865)\t(281623825)\nPrincipal collected on mortgage loans\t2878144\t1011265\nPurchases of mortgage loans\t(2401848)\t(2451132)\nProceeds from sale of foreclosed assets\t793\t1965\nOther investing activities\t2481\t2320\nPurchases of premises software and equipment\t(568)\t(1037)\nNET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES\t8603542\t(9059492)\nCASH FLOWS FROM FINANCING ACTIVITIES:\t\t\nNet increase (decrease) in deposits\t225977\t205498\nNet proceeds from issuance of consolidated obligations:\t\t\nDiscount notes\t500327628\t633162917\nBonds\t34971746\t20517358\nPayments for maturing and retired consolidated obligations:\t\t\nDiscount notes\t(515803859)\t(632736460)\nBonds\t(29717000)\t(12082800)\nProceeds from financing derivatives\t3470\t0\nNet interest payments received (paid) for financing derivatives\t(12793)\t652\nProceeds from issuance of capital stock\t1372381\t1161329\nPayments for repurchase/redemption of capital stock\t(84358)\t(870594)\nPayments for repurchase of mandatorily redeemable capital stock\t(1527802)\t(219642)\nCash dividends paid\t(207)\t(209)\nPartial recovery of prior capital distribution to Financing Corporation\t10543\t0\nNET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES\t(10234274)\t9138049\nNET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS\t(1894462)\t9579\nCASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD\t1917166\t15060\nCASH AND CASH EQUIVALENTS AT END OF PERIOD\t22704\t24639\n", "q10k_tbl_12": "FEDERAL HOME LOAN BANK OF TOPEKA\t\t\nSTATEMENTS OF CASH FLOWS - Unaudited\t\t\n(In thousands)\t\t\n\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\nSupplemental disclosures:\t\t\nInterest paid\t523348\t919428\nAffordable Housing Program payments\t11783\t16859\nNet transfers of mortgage loans to other assets\t670\t627\n", "q10k_tbl_13": "\tFair Value\t\n\t09/30/2020\t12/31/2019\nNon-mortgage-backed securities:\t\t\nCertificates of deposit\t225053\t0\nU.S. Treasury obligations\t1557412\t1530518\nGSE obligations\t433864\t416025\nNon-mortgage-backed securities\t2216329\t1946543\nMortgage-backed securities:\t\t\nGSE MBS\t901606\t866019\nMortgage-backed securities\t901606\t866019\nTOTAL\t3117935\t2812562\n", "q10k_tbl_14": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nNet gains (losses) on trading securities held as of September 30 2020\t(6995)\t16237\t92583\t86429\nNet gains (losses) on trading securities sold or matured prior to September 30 2020\t0\t(51)\t186\t355\nNET GAINS (LOSSES) ON TRADING SECURITIES\t(6995)\t16186\t92769\t86784\n", "q10k_tbl_15": "\t09/30/2020\t\t\t\n\tAmortized Cost\tGross Unrecognized Gains\tGross Unrecognized Losses\tFair Value\nNon-mortgage-backed securities:\t\t\t\t\nU.S. Treasury obligations\t4062655\t4715\t0\t4067370\nNon-mortgage-backed securities\t4062655\t4715\t0\t4067370\nMortgage-backed securities:\t\t\t\t\nGSE MBS\t3229407\t28211\t(34377)\t3223241\nMortgage-backed securities\t3229407\t28211\t(34377)\t3223241\nTOTAL\t7292062\t32926\t(34377)\t7290611\n", "q10k_tbl_16": "\t12/31/2019\t\t\t\n\tAmortized Cost\tGross Unrecognized Gains\tGross Unrecognized Losses\tFair Value\nNon-mortgage-backed securities:\t\t\t\t\nU.S. Treasury obligations\t4258608\t3580\t(397)\t4261791\nNon-mortgage-backed securities\t4258608\t3580\t(397)\t4261791\nMortgage-backed securities:\t\t\t\t\nGSE MBS\t2897104\t28353\t(4748)\t2920709\nMortgage-backed securities\t2897104\t28353\t(4748)\t2920709\nTOTAL\t7155712\t31933\t(5145)\t7182500\n", "q10k_tbl_17": "\t09/30/2020\t\t\t\t\t\n\tLess Than 12 Months\t\t12 Months or More\t\tTotal\t\n\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\nMortgage-backed securities:\t\t\t\t\t\t\nGSE MBS\t1579922\t(30449)\t325075\t(3928)\t1904997\t(34377)\nMortgage-backed securities\t1579922\t(30449)\t325075\t(3928)\t1904997\t(34377)\nTOTAL TEMPORARILY IMPAIRED SECURITIES\t1579922\t(30449)\t325075\t(3928)\t1904997\t(34377)\n", "q10k_tbl_18": "\t12/31/2019\t\t\t\t\t\n\tLess Than 12 Months\t\t12 Months or More\t\tTotal\t\n\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\tFair Value\tUnrealized Losses\nNon-mortgage-backed securities:\t\t\t\t\t\t\nU.S. Treasury obligations\t1579004\t(397)\t0\t0\t1579004\t(397)\nNon-mortgage-backed securities\t1579004\t(397)\t0\t0\t1579004\t(397)\nMortgage-backed securities:\t\t\t\t\t\t\nGSE MBS\t787809\t(932)\t301161\t(3816)\t1088970\t(4748)\nMortgage-backed securities\t787809\t(932)\t301161\t(3816)\t1088970\t(4748)\nTOTAL TEMPORARILY IMPAIRED SECURITIES\t2366813\t(1329)\t301161\t(3816)\t2667974\t(5145)\n", "q10k_tbl_19": "\t09/30/2020\t\t12/31/2019\t\n\tAmortized Cost\tFair Value\tAmortized Cost\tFair Value\nNon-mortgage-backed securities:\t\t\t\t\nDue in one year or less\t2021424\t2022929\t754003\t753891\nDue after one year through five years\t2041231\t2044441\t3504605\t3507900\nDue after five years through ten years\t0\t0\t0\t0\nDue after ten years\t0\t0\t0\t0\nNon-mortgage-backed securities\t4062655\t4067370\t4258608\t4261791\nMortgage-backed securities\t3229407\t3223241\t2897104\t2920709\nTOTAL\t7292062\t7290611\t7155712\t7182500\n", "q10k_tbl_20": "\tThree Months Ended\tNine Months Ended\t\n\t09/30/2020\t\t09/30/2020\t\t\t\nProceeds from sale of available-for-sale securities\t0\t\t289045\t\t\t\nGross gains on sale of available-for-sale securities\t0\t\t1526\t\t\t\nGross losses on sale of available-for-sale securities\t0\t\t(3)\t\t\t\nNET GAINS (LOSSES) ON SALE OF AVAILABLE-FOR-SALE SECURITIES\t0\t\t1523\t\t\t\n", "q10k_tbl_21": "\t09/30/2020\t\t\t\n\tAmortized Cost\tNet Carrying Value\tGross Unrecognized Gains\tGross Unrecognized Losses\tFair Value\t\t\nNon-mortgage-backed securities:\t\t\t\t\t\t\t\nState or local housing agency obligations\t81995\t81995\t0\t(3491)\t78504\t\t\nNon-mortgage-backed securities\t81995\t81995\t0\t(3491)\t78504\t\t\nMortgage-backed securities:\t\t\t\t\t\t\t\nU.S. obligation MBS\t76852\t76852\t151\t(60)\t76943\t\t\nGSE MBS\t2815129\t2815129\t10503\t(5297)\t2820335\t\t\nMortgage-backed securities\t2891981\t2891981\t10654\t(5357)\t2897278\t\t\nTOTAL\t2973976\t2973976\t10654\t(8848)\t2975782\t\t\n", "q10k_tbl_22": "\t12/31/2019\t\t\t\n\tAmortized Cost\tCarrying Value\tGross Unrecognized Gains\tGross Unrecognized Losses\tFair Value\t\t\nNon-mortgage-backed securities:\t\t\t\t\t\t\t\nState or local housing agency obligations\t82805\t82805\t5\t(1956)\t80854\t\t\nNon-mortgage-backed securities\t82805\t82805\t5\t(1956)\t80854\t\t\nMortgage-backed securities:\t\t\t\t\t\t\t\nU.S. obligation MBS\t93375\t93375\t0\t(496)\t92879\t\t\nGSE MBS\t3393778\t3393778\t6558\t(17131)\t3383205\t\t\nMortgage-backed securities\t3487153\t3487153\t6558\t(17627)\t3476084\t\t\nTOTAL\t3569958\t3569958\t6563\t(19583)\t3556938\t\t\n", "q10k_tbl_23": "\t09/30/2020\t\t\t12/31/2019\t\t\n\tAmortized Cost\tNet Carrying Value\tFair Value\tAmortized Cost\tCarrying Value\tFair Value\nNon-mortgage-backed securities:\t\t\t\t\t\t\nDue in one year or less\t0\t0\t0\t0\t0\t0\nDue after one year through five years\t0\t0\t0\t0\t0\t0\nDue after five years through ten years\t0\t0\t0\t0\t0\t0\nDue after ten years\t81995\t81995\t78504\t82805\t82805\t80854\nNon-mortgage-backed securities\t81995\t81995\t78504\t82805\t82805\t80854\nMortgage-backed securities\t2891981\t2891981\t2897278\t3487153\t3487153\t3476084\nTOTAL\t2973976\t2973976\t2975782\t3569958\t3569958\t3556938\n", "q10k_tbl_24": "\tThree Months Ended\tNine Months Ended\n\t09/30/2019\t09/30/2019\nProceeds from sale of held-to-maturity securities\t0\t9442\nCarrying value of held-to-maturity securities sold\t0\t(9488)\nNET REALIZED GAINS (LOSSES)\t0\t(46)\n", "q10k_tbl_25": "\t09/30/2020\t\t12/31/2019\t\nRedemption Term\tAmount\tWeighted Average Interest Rate\tAmount\tWeighted Average Interest Rate\nDue in one year or less\t13588982\t0.45%\t13188118\t1.88%\nDue after one year through two years\t1994896\t1.23\t10448433\t1.96\nDue after two years through three years\t1076587\t1.68\t1254153\t2.27\nDue after three years through four years\t1256388\t1.77\t1067662\t2.42\nDue after four years through five years\t1182903\t1.40\t1208854\t2.22\nThereafter\t3207076\t1.95\t3004835\t2.25\nTotal par value\t22306832\t0.92%\t30172055\t1.99%\nDiscounts\t(9818)\t\t(1807)\t\nHedging adjustments\t319238\t\t71067\t\nTOTAL\t22616252\t\t30241315\t\n", "q10k_tbl_26": "\tRedemption Term or Next Call Date\t\tRedemption Term or Next Conversion Date\t\nRedemption Term\t09/30/2020\t12/31/2019\t09/30/2020\t12/31/2019\nDue in one year or less\t15561420\t24271238\t14625732\t14053068\nDue after one year through two years\t1383709\t1133077\t2263896\t10637833\nDue after two years through three years\t822894\t728429\t1305837\t1524153\nDue after three years through four years\t795261\t764990\t1338888\t1215412\nDue after four years through five years\t779961\t686594\t1214303\t1304254\nThereafter\t2963587\t2587727\t1558176\t1437335\nTOTAL PAR VALUE\t22306832\t30172055\t22306832\t30172055\n", "q10k_tbl_27": "Redemption Term\t09/30/2020\t12/31/2019\nFixed rate:\t\t\nDue in one year or less\t9999404\t2691528\nDue after one year\t6671538\t5912124\nTotal fixed rate\t16670942\t8603652\nVariable rate:\t\t\nDue in one year or less\t3589578\t10496590\nDue after one year\t2046312\t11071813\nTotal variable rate\t5635890\t21568403\nTOTAL PAR VALUE\t22306832\t30172055\n", "q10k_tbl_28": "\t09/30/2020\t12/31/2019\nReal estate:\t\t\nFixed rate medium-term1 single-family mortgages\t1488732\t1347385\nFixed rate long-term single-family mortgages\t8474420\t9128268\nTotal unpaid principal balance\t9963152\t10475653\nPremiums\t143477\t155793\nDiscounts\t(2126)\t(2503)\nDeferred loan costs net\t146\t184\nOther deferred fees\t(30)\t(38)\nHedging adjustments\t(3227)\t4905\nTotal before Allowance for Credit Losses on Mortgage Loans\t10101392\t10633994\nAllowance for Credit Losses on Mortgage Loans2\t(7926)\t(985)\nMORTGAGE LOANS HELD FOR PORTFOLIO NET\t10093466\t10633009\n", "q10k_tbl_29": "\t09/30/2020\t12/31/2019\nConventional loans\t9405054\t9849542\nGovernment-guaranteed or -insured loans\t558098\t626111\nTOTAL UNPAID PRINCIPAL BALANCE\t9963152\t10475653\n", "q10k_tbl_30": "\t09/30/2020\t\t\t\t\t\t\t\t\n\tConventional Loans\t\t\t\t\t\t\tGovernment Loans\tTotal\n\tOrigination Year\t\t\t\t\t\tSubtotal\n\tPrior to 2016\t2016\t2017\t2018\t2019\t2020\nAmortized Cost:1\t\t\t\t\t\t\t\t\t\nPast due 30-59 days delinquent\t16140\t2749\t8132\t7949\t19111\t3470\t57551\t11657\t69208\nPast due 60-89 days delinquent\t9267\t1812\t2924\t3265\t9102\t1878\t28248\t5969\t34217\nPast due 90 days or more delinquent\t24992\t4012\t14965\t22618\t49602\t4488\t120677\t22928\t143605\nTotal past due\t50399\t8573\t26021\t33832\t77815\t9836\t206476\t40554\t247030\nTotal current loans\t2179738\t713694\t795307\t815417\t2754390\t2070784\t9329330\t525032\t9854362\nTotal mortgage loans\t2230137\t722267\t821328\t849249\t2832205\t2080620\t9535806\t565586\t10101392\nOther delinquency statistics:\t\t\t\t\t\t\t\t\t\nIn process of foreclosure2\t\t\t\t\t\t\t162584\t9341\t171925\nSerious delinquency rate3\t\t\t\t\t\t\t2.1%\t4.7%\t2.3%\nPast due 90 days or more and still accruing interest\t\t\t\t\t\t\t0\t22928\t22928\nLoans on non-accrual status4\t\t\t\t\t\t\t129118\t0\t129118\n", "q10k_tbl_31": "\t12/31/2019\t\t\n\tConventional Loans\tGovernment Loans\tTotal\nRecorded investment:1\t\t\t\nPast due 30-59 days delinquent\t59226\t15515\t74741\nPast due 60-89 days delinquent\t7561\t6128\t13689\nPast due 90 days or more delinquent\t11813\t8778\t20591\nTotal past due\t78600\t30421\t109021\nTotal current loans\t9969930\t607400\t10577330\nTotal recorded investment\t10048530\t637821\t10686351\nOther delinquency statistics:\t\t\t\nIn process of foreclosure2\t3352\t2730\t6082\nSerious delinquency rate3\t0.1%\t1.4%\t0.1%\nPast due 90 days or more and still accruing interest\t0\t8778\t8778\nLoans on non-accrual status4\t14923\t0\t14923\n", "q10k_tbl_32": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nBalance beginning of the period\t7790\t858\t985\t812\nAdjustment for cumulative effect of accounting change\t0\t0\t6123\t0\nNet (charge-offs) recoveries\t20\t(346)\t101\t(416)\nProvision (reversal) for credit losses\t116\t393\t717\t509\nBalance end of the period\t7926\t905\t7926\t905\n", "q10k_tbl_33": "\t09/30/2020\t\t\t12/31/2019\t\t\n\tNotional Amount\tDerivative Assets\tDerivative Liabilities\tNotional Amount\tDerivative Assets\tDerivative Liabilities\nDerivatives designated as hedging instruments:\t\t\t\t\t\t\nInterest rate swaps\t15913289\t20791\t295563\t16448512\t23462\t80398\nTotal derivatives designated as hedging relationships\t15913289\t20791\t295563\t16448512\t23462\t80398\nDerivatives not designated as hedging instruments:\t\t\t\t\t\t\nInterest rate swaps\t2929164\t191\t75020\t3099622\t736\t26285\nInterest rate caps/floors\t602500\t87\t0\t1130000\t117\t0\nMortgage delivery commitments\t105003\t84\t80\t221800\t495\t25\nTotal derivatives not designated as hedging instruments\t3636667\t362\t75100\t4451422\t1348\t26310\nTOTAL\t19549956\t21153\t370663\t20899934\t24810\t106708\nNetting adjustments and cash collateral1\t\t141348\t(370490)\t\t129994\t(106506)\nDERIVATIVE ASSETS AND LIABILITIES\t\t162501\t173\t\t154804\t202\n", "q10k_tbl_34": "\tThree Months Ended\t\t\t\n\t09/30/2020\t\t\t\n\tInterest Income/Expense\t\t\t\n\tAdvances\tAvailable-for-sale Securities\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\nTotal amounts presented in the Statements of Income\t38848\t9588\t5674\t67142\nGains (losses) on fair value hedging relationships:\t\t\t\t\nInterest rate contracts:\t\t\t\t\nDerivatives1\t10848\t9424\t(197)\t(1509)\nHedged items2\t(28115)\t(40444)\t1321\t12203\nNET GAINS (LOSSES) ON FAIR VALUE HEDGING RELATIONSHIPS\t(17267)\t(31020)\t1124\t10694\n", "q10k_tbl_35": "\t09/30/2019\t\t\t\n\tInterest Income/Expense\t\t\t\n\tAdvances\tAvailable-for-sale Securities\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\nTotal amounts presented in the Statements of Income\t186431\t47811\t133680\t185096\nGains (losses) on fair value hedging relationships:\t\t\t\t\nInterest rate contracts:\t\t\t\t\nDerivatives1\t(39873)\t(61468)\t(4)\t3915\nHedged items2\t43355\t75743\t3\t(5061)\nNET GAINS (LOSSES) ON FAIR VALUE HEDGING RELATIONSHIPS\t3482\t14275\t(1)\t(1146)\n", "q10k_tbl_36": "\tNine Months Ended\t\t\t\n\t09/30/2020\t\t\t\n\tInterest Income/Expense\t\t\t\n\tAdvances\tAvailable-for-sale Securities\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\nTotal amounts presented in the Statements of Income\t230000\t43753\t120385\t310628\nGains (losses) on fair value hedging relationships:\t\t\t\t\nInterest rate contracts:\t\t\t\t\nDerivatives1\t(280875)\t(386669)\t18350\t45856\nHedged items2\t248445\t308189\t(112)\t(16663)\nNET GAINS (LOSSES) ON FAIR VALUE HEDGING RELATIONSHIPS\t(32430)\t(78480)\t18238\t29193\n", "q10k_tbl_37": "\t9/30/2019\t\t\t\n\tInterest Income/Expense\t\t\t\n\tAdvances\tAvailable-for-sale Securities\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\nTotal amounts presented in the Statements of Income\t563602\t78694\t433473\t519967\nGains (losses) on fair value hedging relationships:\t\t\t\t\nInterest rate contracts:\t\t\t\t\nDerivatives1\t(144016)\t(205705)\t21\t30968\nHedged items2\t159254\t206340\t(12)\t(39427)\nNET GAINS (LOSSES) ON FAIR VALUE HEDGING RELATIONSHIPS\t15238\t635\t9\t(8459)\n", "q10k_tbl_38": "09/30/2020\t\t\t\t\nLine Item in Statements of Condition of Hedged Item\tCarrying Value of Hedged Asset/(Liability)1\tBasis Adjustments for Active Hedging Relationships2\tBasis Adjustments for Discontinued Hedging Relationships2\tCumulative Amount of Fair Value Hedging Basis Adjustments2\nAdvances\t6021287\t315792\t3446\t319238\nAvailable-for-sale securities\t7292062\t385013\t0\t385013\nConsolidated obligation discount notes\t(174748)\t39\t0\t39\nConsolidated obligation bonds\t(3310191)\t(43053)\t0\t(43053)\n12/31/2019\t\t\t\t\nLine Item in Statements of Condition of Hedged Item\tCarrying Value of Hedged Asset/(Liability)1\tBasis Adjustments for Active Hedging Relationships2\tBasis Adjustments for Discontinued Hedging Relationships2\tCumulative Amount of Fair Value Hedging Basis Adjustments2\nAdvances\t4951445\t69643\t1424\t71067\nAvailable-for-sale securities\t7155712\t79141\t0\t79141\nConsolidated obligation bonds\t(3270635)\t(26389)\t0\t(26389)\n", "q10k_tbl_39": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nDerivatives not designated as hedging instruments:\t\t\t\t\nEconomic hedges:\t\t\t\t\nInterest rate swaps\t15842\t(19566)\t(97218)\t(80593)\nInterest rate caps/floors\t(17)\t(494)\t(30)\t(874)\nNet interest settlements\t(14222)\t(691)\t(32338)\t(1238)\nMortgage delivery commitments\t423\t365\t(5995)\t3836\nConsolidated obligation discount note commitments\t0\t0\t0\t(70)\nNET GAINS (LOSSES) ON DERIVATIVES AND HEDGING ACTIVITIES\t2026\t(20386)\t(135581)\t(78939)\n", "q10k_tbl_40": "\t09/30/2020\t12/31/2019\nInterest-bearing:\t\t\nDemand\t294447\t383197\nOvernight\t463200\t280300\nTotal interest-bearing\t757647\t663497\nNon-interest-bearing:\t\t\nOther\t258669\t127143\nTotal non-interest-bearing\t258669\t127143\nTOTAL DEPOSITS\t1016316\t790640\n", "q10k_tbl_41": "\t09/30/2020\t\t12/31/2019\t\nYear of Contractual Maturity\tAmount\tWeighted Average Interest Rate\tAmount\tWeighted Average Interest Rate\nDue in one year or less\t27056200\t0.32%\t15991800\t1.79%\nDue after one year through two years\t1482650\t1.70\t6318350\t1.90\nDue after two years through three years\t1306650\t1.98\t1375000\t2.11\nDue after three years through four years\t822650\t1.95\t1285900\t2.39\nDue after four years through five years\t971200\t1.28\t1223350\t2.40\nThereafter\t5587800\t1.66\t5776300\t2.78\nTotal par value\t37227150\t0.70%\t31970700\t2.05%\nPremiums\t41974\t\t34789\t\nDiscounts\t(3572)\t\t(3357)\t\nConcession fees\t(14436)\t\t(15207)\t\nHedging adjustments\t43053\t\t26389\t\nTOTAL\t37294169\t\t32013314\t\n", "q10k_tbl_42": "Year of Maturity or Next Call Date\t09/30/2020\t12/31/2019\nDue in one year or less\t33521200\t24583300\nDue after one year through two years\t1357650\t5148350\nDue after two years through three years\t878150\t615000\nDue after three years through four years\t502650\t682400\nDue after four years through five years\t414200\t356850\nThereafter\t553300\t584800\nTOTAL PAR VALUE\t37227150\t31970700\n", "q10k_tbl_43": "\t09/30/2020\t12/31/2019\nSimple variable rate\t23504000\t16017000\nFixed rate\t13723150\t15573700\nVariable rate with cap\t0\t220000\nStep\t0\t110000\nFixed to variable rate\t0\t50000\nTOTAL PAR VALUE\t37227150\t31970700\n", "q10k_tbl_44": "\tBook Value\tPar Value\tWeighted Average Interest Rate1\nSeptember 30 2020\t11936214\t11937211\t0.08%\nDecember 31 2019\t27447911\t27510042\t1.54%\n", "q10k_tbl_45": "09/30/2020\t\t\t\t\nDescription\tGross Amounts of Recognized Assets\tGross Amounts Offset in the Statements of Condition\tNet Amounts of Assets Presented in the Statements of Condition\tGross Amounts Not Offset in the Statement of Condition1\tNet Amount\t\t\nDerivative assets:\t\t\t\t\t\t\t\nUncleared derivatives\t19682\t(15472)\t4210\t(84)\t4126\t\t\nCleared derivatives\t1471\t156820\t158291\t0\t158291\t\t\nTotal derivative assets\t21153\t141348\t162501\t(84)\t162417\t\t\nSecurities purchased under agreements to resell\t4600000\t0\t4600000\t(4600000)\t0\t\t\nTOTAL\t4621153\t141348\t4762501\t(4600084)\t162417\t\t\n", "q10k_tbl_46": "12/31/2019\t\t\t\t\nDescription\tGross Amounts of Recognized Assets\tGross Amounts Offset in the Statements of Condition\tNet Amounts of Assets Presented in the Statements of Condition\tGross Amounts Not Offset in the Statement of Condition1\tNet Amount\t\t\nDerivative assets:\t\t\t\t\t\t\t\nUncleared derivatives\t21749\t(14424)\t7325\t(495)\t6830\t\t\nCleared derivatives\t3061\t144418\t147479\t0\t147479\t\t\nTotal derivative assets\t24810\t129994\t154804\t(495)\t154309\t\t\nSecurities purchased under agreements to resell\t4750000\t0\t4750000\t(4750000)\t0\t\t\nTOTAL\t4774810\t129994\t4904804\t(4750495)\t154309\t\t\n", "q10k_tbl_47": "09/30/2020\t\t\t\t\t\nDescription\tGross Amounts of Recognized Liabilities\tGross Amounts Offset in the Statements of Condition\tNet Amounts of Liabilities Presented in the Statements of Condition\tGross Amounts Not Offset in the Statement of Condition1\tNet Amount\nDerivative liabilities:\t\t\t\t\t\nUncleared derivatives\t367678\t(367505)\t173\t(80)\t93\nCleared derivatives\t2985\t(2985)\t0\t0\t0\nTotal derivative liabilities\t370663\t(370490)\t173\t(80)\t93\nTOTAL\t370663\t(370490)\t173\t(80)\t93\n", "q10k_tbl_48": "12/31/2019\t\t\t\t\t\nDescription\tGross Amounts of Recognized Liabilities\tGross Amounts Offset in the Statements of Condition\tNet Amounts of Liabilities Presented in the Statements of Condition\tGross Amounts Not Offset in the Statement of Condition1\tNet Amount\nDerivative liabilities:\t\t\t\t\t\nUncleared derivatives\t105468\t(105266)\t202\t(25)\t177\nCleared derivatives\t1240\t(1240)\t0\t0\t0\nTotal derivative liabilities\t106708\t(106506)\t202\t(25)\t177\nTOTAL\t106708\t(106506)\t202\t(25)\t177\n", "q10k_tbl_49": "\t09/30/2020\t\t12/31/2019\t\n\tRequired\tActual\tRequired\tActual\nRegulatory capital requirements:\t\t\t\t\nRisk-based capital\t206942\t2216737\t486650\t2319531\nTotal regulatory capital-to-asset ratio\t4.0%\t4.9%\t4.0%\t4.4%\nTotal regulatory capital\t2120455\t2605221\t2531066\t2768680\nLeverage capital ratio\t5.0%\t7.0%\t5.0%\t6.2%\nLeverage capital\t2650569\t3713590\t3163833\t3928446\n", "q10k_tbl_50": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nBalance beginning of period\t2308\t2750\t2415\t3597\nCapital stock subject to mandatory redemption reclassified from equity during the period\t620561\t159775\t1627899\t218411\nCapital stock redemption cancellations reclassified to equity during the period\t0\t0\t(100647)\t0\nRedemption or repurchase of mandatorily redeemable capital stock during the period\t(620967)\t(160078)\t(1527802)\t(219642)\nStock dividend classified as mandatorily redeemable capital stock during the period\t12\t30\t49\t111\nBalance end of period\t1914\t2477\t1914\t2477\n", "q10k_tbl_51": "Contractual Year of Repurchase\t09/30/2020\t12/31/2019\nYear 1\t0\t0\nYear 2\t636\t1\nYear 3\t0\t869\nYear 4\t0\t0\nYear 5\t0\t0\nPast contractual redemption date due to remaining activity1\t1278\t1545\nTOTAL\t1914\t2415\n", "q10k_tbl_52": "\tThree Months Ended\t\n\tNet Unrealized Gains (Losses) on Available-for-sale Securities\tDefined Benefit Pension Plan\tTotal AOCI\t\t\nBalance at June 30 2019\t35143\t(3230)\t31913\t\t\nOther comprehensive income (loss) before reclassification:\t\t\t\t\t\nUnrealized gains (losses)\t(17324)\t\t(17324)\t\t\nReclassifications from other comprehensive income (loss) to net income:\t\t\t\t\t\nAmortization of net losses - defined benefit pension plan1\t\t95\t95\t\t\nNet current period other comprehensive income (loss)\t(17324)\t95\t(17229)\t\t\nBalance at September 30 2019\t17819\t(3135)\t14684\t\t\nBalance at June 30 2020\t(31746)\t(1948)\t(33694)\t\t\nOther comprehensive income (loss) before reclassification:\t\t\t\t\t\nUnrealized gains (losses)\t30295\t\t30295\t\t\nReclassifications from other comprehensive income (loss) to net income:\t\t\t\t\t\nAmortization of net losses - defined benefit pension plan1\t\t28\t28\t\t\nNet current period other comprehensive income (loss)\t30295\t28\t30323\t\t\nBalance at September 30 2020\t(1451)\t(1920)\t(3371)\t\t\n", "q10k_tbl_53": "\tNine Months Ended\t\n\tNet Unrealized Gains (Losses) on Available-for-sale Securities\tDefined Benefit Pension Plan\tTotal AOCI\t\t\nBalance at December 31 2018\t19068\t(3375)\t15693\t\t\nOther comprehensive income (loss) before reclassification:\t\t\t\t\t\nUnrealized gains (losses)\t(1249)\t\t(1249)\t\t\nReclassifications from other comprehensive income (loss) to net income:\t\t\t\t\t\nAmortization of net losses - defined benefit pension plan1\t\t240\t240\t\t\nNet current period other comprehensive income (loss)\t(1249)\t240\t(1009)\t\t\nBalance at September 30 2019\t17819\t(3135)\t14684\t\t\nBalance at December 31 2019\t26788\t(2002)\t24786\t\t\nOther comprehensive income (loss) before reclassification:\t\t\t\t\t\nUnrealized gains (losses)\t(26716)\t\t(26716)\t\t\nReclassifications from other comprehensive income (loss) to net income:\t\t\t\t\t\nRealized net (gains) losses included in net income2\t(1523)\t\t(1523)\t\t\nAmortization of net losses - defined benefit pension plan1\t\t82\t82\t\t\nNet current period other comprehensive income (loss)\t(28239)\t82\t(28157)\t\t\nBalance at September 30 2020\t(1451)\t(1920)\t(3371)\t\t\n", "q10k_tbl_54": "\t09/30/2020\t\t\t\t\t\n\tCarrying Value\tTotal Fair Value\tLevel 1\tLevel 2\tLevel 3\tNetting Adjustment and Cash Collateral1\nAssets:\t\t\t\t\t\t\nCash and due from banks\t22704\t22704\t22704\t0\t0\t0\nInterest-bearing deposits\t499662\t499662\t0\t499662\t0\t0\nSecurities purchased under agreements to resell\t4600000\t4600000\t0\t4600000\t0\t0\nFederal funds sold\t1435000\t1435000\t0\t1435000\t0\t0\nTrading securities\t3117935\t3117935\t0\t3117935\t0\t0\nAvailable-for-sale securities\t7290611\t7290611\t0\t7290611\t0\t0\nHeld-to-maturity securities\t2973976\t2975782\t0\t2897278\t78504\t0\nAdvances\t22616252\t22733051\t0\t22733051\t0\t0\nMortgage loans held for portfolio net of allowance\t10093466\t10351013\t0\t10348886\t2127\t0\nAccrued interest receivable\t108532\t108532\t0\t108532\t0\t0\nDerivative assets\t162501\t162501\t0\t21153\t0\t141348\nLiabilities:\t\t\t\t\t\t\nDeposits\t1016316\t1016316\t0\t1016316\t0\t0\nConsolidated obligation discount notes\t11936214\t11936578\t0\t11936578\t0\t0\nConsolidated obligation bonds\t37294169\t37517293\t0\t37517293\t0\t0\nMandatorily redeemable capital stock\t1914\t1914\t1914\t0\t0\t0\nAccrued interest payable\t54913\t54913\t0\t54913\t0\t0\nDerivative liabilities\t173\t173\t0\t370663\t0\t(370490)\nOther Asset (Liability):\t\t\t\t\t\t\nIndustrial revenue bonds\t35000\t38224\t0\t38224\t0\t0\nFinancing obligation payable\t(35000)\t(38224)\t0\t(38224)\t0\t0\n", "q10k_tbl_55": "\t12/31/2019\t\t\t\t\t\n\tCarrying Value\tTotal Fair Value\tLevel 1\tLevel 2\tLevel 3\tNetting Adjustment and Cash Collateral1\nAssets:\t\t\t\t\t\t\nCash and due from banks\t1917166\t1917166\t1917166\t0\t0\t0\nInterest-bearing deposits\t921453\t921453\t0\t921453\t0\t0\nSecurities purchased under agreements to resell\t4750000\t4750000\t0\t4750000\t0\t0\nFederal funds sold\t850000\t850000\t0\t850000\t0\t0\nTrading securities\t2812562\t2812562\t0\t2812562\t0\t0\nAvailable-for-sale securities\t7182500\t7182500\t0\t7182500\t0\t0\nHeld-to-maturity securities\t3569958\t3556938\t0\t3476084\t80854\t0\nAdvances\t30241315\t30295813\t0\t30295813\t0\t0\nMortgage loans held for portfolio net of allowance\t10633009\t10983356\t0\t10981458\t1898\t0\nAccrued interest receivable\t143765\t143765\t0\t143765\t0\t0\nDerivative assets\t154804\t154804\t0\t24810\t0\t129994\nLiabilities:\t\t\t\t\t\t\nDeposits\t790640\t790640\t0\t790640\t0\t0\nConsolidated obligation discount notes\t27447911\t27448021\t0\t27448021\t0\t0\nConsolidated obligation bonds\t32013314\t32103154\t0\t32103154\t0\t0\nMandatorily redeemable capital stock\t2415\t2415\t2415\t0\t0\t0\nAccrued interest payable\t117580\t117580\t0\t117580\t0\t0\nDerivative liabilities\t202\t202\t0\t106708\t0\t(106506)\nOther Asset (Liability):\t\t\t\t\t\t\nIndustrial revenue bonds\t35000\t34850\t0\t34850\t0\t0\nFinancing obligation payable\t(35000)\t(34850)\t0\t(34850)\t0\t0\n", "q10k_tbl_56": "\t09/30/2020\t\t\t\t\n\tTotal\tLevel 1\tLevel 2\tLevel 3\tNetting Adjustment and Cash Collateral1\nRecurring fair value measurements - Assets:\t\t\t\t\t\nTrading securities:\t\t\t\t\t\nCertificates of deposit\t225053\t0\t225053\t0\t0\nU.S. Treasury obligations\t1557412\t0\t1557412\t0\t0\nGSE obligations\t433864\t0\t433864\t0\t0\nGSE MBS\t901606\t0\t901606\t0\t0\nTotal trading securities\t3117935\t0\t3117935\t0\t0\nAvailable-for-sale securities:\t\t\t\t\t\nU.S. Treasury obligations\t4067370\t0\t4067370\t0\t0\nGSE MBS\t3223241\t0\t3223241\t0\t0\nTotal available-for-sale securities\t7290611\t0\t7290611\t0\t0\nDerivative assets:\t\t\t\t\t\nInterest-rate related\t162417\t0\t21069\t0\t141348\nMortgage delivery commitments\t84\t0\t84\t0\t0\nTotal derivative assets\t162501\t0\t21153\t0\t141348\nTOTAL RECURRING FAIR VALUE MEASUREMENTS - ASSETS\t10571047\t0\t10429699\t0\t141348\nRecurring fair value measurements - Liabilities:\t\t\t\t\t\nDerivative liabilities:\t\t\t\t\t\nInterest-rate related\t93\t0\t370583\t0\t(370490)\nMortgage delivery commitments\t80\t0\t80\t0\t0\nTotal derivative liabilities\t173\t0\t370663\t0\t(370490)\nTOTAL RECURRING FAIR VALUE MEASUREMENTS - LIABILITIES\t173\t0\t370663\t0\t(370490)\nNonrecurring fair value measurements - Assets2:\t\t\t\t\t\nImpaired mortgage loans\t2132\t0\t0\t2132\t0\nTOTAL NONRECURRING FAIR VALUE MEASUREMENTS - ASSETS\t2132\t0\t0\t2132\t0\n", "q10k_tbl_57": "\t12/31/2019\t\t\t\t\n\tTotal\tLevel 1\tLevel 2\tLevel 3\tNetting Adjustment and Cash Collateral1\nRecurring fair value measurements - Assets:\t\t\t\t\t\nTrading securities:\t\t\t\t\t\nU.S. Treasury obligations\t1530518\t0\t1530518\t0\t0\nGSE obligations\t416025\t0\t416025\t0\t0\nGSE MBS\t866019\t0\t866019\t0\t0\nTotal trading securities\t2812562\t0\t2812562\t0\t0\nAvailable-for-sale securities:\t\t\t\t\t\nU.S. Treasury obligations\t4261791\t0\t4261791\t0\t0\nGSE MBS\t2920709\t0\t2920709\t0\t0\nTotal available-for-sale securities\t7182500\t0\t7182500\t0\t0\nDerivative assets:\t\t\t\t\t\nInterest-rate related\t154309\t0\t24315\t0\t129994\nMortgage delivery commitments\t495\t0\t495\t0\t0\nTotal derivative assets\t154804\t0\t24810\t0\t129994\nTOTAL RECURRING FAIR VALUE MEASUREMENTS - ASSETS\t10149866\t0\t10019872\t0\t129994\nRecurring fair value measurements - Liabilities:\t\t\t\t\t\nDerivative liabilities:\t\t\t\t\t\nInterest-rate related\t177\t0\t106683\t0\t(106506)\nMortgage delivery commitments\t25\t0\t25\t0\t0\nTotal derivative liabilities\t202\t0\t106708\t0\t(106506)\nTOTAL RECURRING FAIR VALUE MEASUREMENTS - LIABILITIES\t202\t0\t106708\t0\t(106506)\nNonrecurring fair value measurements - Assets2:\t\t\t\t\t\nImpaired mortgage loans\t1909\t0\t0\t1909\t0\nReal estate owned\t144\t0\t0\t144\t0\nTOTAL NONRECURRING FAIR VALUE MEASUREMENTS - ASSETS\t2053\t0\t0\t2053\t0\n", "q10k_tbl_58": "\t09/30/2020\t\t\t12/31/2019\t\t\nNotional Amount\tExpire Within One Year\tExpire After One Year\tTotal\tExpire Within One Year\tExpire After One Year\tTotal\nStandby letters of credit outstanding\t5044507\t4635\t5049142\t4764724\t4335\t4769059\nAdvance commitments outstanding\t38420\t12090\t50510\t64282\t15693\t79975\nCommitments for standby bond purchases\t423030\t280733\t703763\t0\t701392\t701392\nCommitments to fund or purchase mortgage loans\t105003\t0\t105003\t221800\t0\t221800\nCommitments to issue consolidated bonds at par\t264000\t0\t264000\t0\t0\t0\nCommitments to issue consolidated discount notes at par\t0\t0\t0\t411161\t0\t411161\n", "q10k_tbl_59": "09/30/2020\t\t\t\t\t\t\t\nMember Name\tState\tTotal Class A Stock Par Value\tPercent of Total Class A\tTotal Class B Stock Par Value\tPercent of Total Class B\tTotal Capital Stock Par Value\tPercent of Total Capital Stock\nMidFirst Bank\tOK\t6800\t1.8%\t323972\t27.1%\t330772\t20.9%\nTOTAL\t\t6800\t1.8%\t323972\t27.1%\t330772\t20.9%\n", "q10k_tbl_60": "12/31/2019\t\t\t\t\t\t\t\nMember Name\tState\tTotal Class A Stock Par Value\tPercent of Total Class A\tTotal Class B Stock Par Value\tPercent of Total Class B\tTotal Capital Stock Par Value\tPercent of Total Capital Stock\nMidFirst Bank\tOK\t500\t0.1%\t385825\t29.2%\t386325\t21.8%\nBOKF N.A.\tOK\t184282\t41.0\t202000\t15.3\t386282\t21.8\nTOTAL\t\t184782\t41.1%\t587825\t44.5%\t772607\t43.6%\n", "q10k_tbl_61": "\t09/30/2020\t\t12/31/2019\t\t09/30/2020\t\t12/31/2019\t\nMember Name\tOutstanding Advances\tPercent of Total\tOutstanding Advances\tPercent of Total\tOutstanding Deposits\tPercent of Total\tOutstanding Deposits\tPercent of Total\nMidFirst Bank\t7130000\t32.0%\t8585000\t28.5%\t649\t0.1%\t1030\t0.1%\nBOKF N.A.\t\t\t4500000\t14.9\t\t\t22457\t2.9\nTOTAL\t7130000\t32.0%\t13085000\t43.4%\t649\t0.1%\t23487\t3.0%\n", "q10k_tbl_62": "\t09/30/2020\t\t12/31/2019\t\n\tOutstanding Amount\tPercent of Total\tOutstanding Amount\tPercent of Total\nAdvances\t179043\t0.8%\t178945\t0.6%\nDeposits\t23892\t2.4%\t15748\t2.0%\nClass A Common Stock\t5461\t1.4%\t6467\t1.4%\nClass B Common Stock\t23431\t2.0\t5571\t0.4\nTOTAL CAPITAL STOCK\t28892\t1.8%\t12038\t0.7%\n", "q10k_tbl_63": "\tThree Months Ended\t\t\t\tNine Months Ended\t\t\t\n\t09/30/2020\t\t09/30/2019\t\t09/30/2020\t\t09/30/2019\t\n\tAmount\tPercent of Total\tAmount\tPercent of Total\tAmount\tPercent of Total\tAmount\tPercent of Total\nMortgage loans acquired\t9091\t2.5%\t61362\t5.4%\t95901\t4.0%\t128251\t5.3%\n", "q10k_tbl_64": "\t09/30/2020\t06/30/2020\t03/31/2020\t12/31/2019\t09/30/2019\nStatement of Condition (as of period end):\t\t\t\t\t\nTotal assets\t53011374\t53533936\t63189513\t63276654\t57131130\nInvestments1\t19917184\t20633427\t19597238\t20086473\t16248522\nAdvances\t22616252\t21528991\t31678083\t30241315\t30634583\nMortgage loans net2\t10093466\t10945717\t11018168\t10633009\t9833763\nTotal liabilities\t50411438\t51178998\t60475924\t60485603\t54472808\nDeposits\t1016316\t988292\t975397\t790640\t756376\nConsolidated obligation discount notes net3\t11936214\t13560839\t25563980\t27447911\t21044232\nConsolidated obligation bonds net3\t37294169\t36445676\t33730055\t32013314\t32441885\nTotal consolidated obligations net3\t49230383\t50006515\t59294035\t59461225\t53486117\nMandatorily redeemable capital stock\t1914\t2308\t2390\t2415\t2477\nTotal capital\t2599936\t2354938\t2713589\t2791051\t2658322\nCapital stock\t1580741\t1392003\t1802296\t1766456\t1670690\nTotal retained earnings\t1022566\t996629\t980612\t999809\t972948\nAOCI\t(3371)\t(33694)\t(69319)\t24786\t14684\nStatement of Income (for the quarterly period ended):\t\t\t\t\t\nNet interest income\t64788\t56677\t55086\t69404\t74415\nProvision (reversal) for credit losses on mortgage loans\t116\t1337\t(736)\t(122)\t393\nOther income (loss)\t(1634)\t(10252)\t(23229)\t7438\t(1507)\nOther expenses\t18610\t22596\t19443\t18880\t18633\nIncome before assessments\t44428\t22492\t13150\t58084\t53882\nAffordable Housing Program (AHP) assessments\t4444\t2250\t1318\t5811\t5391\nNet income\t39984\t20242\t11832\t52273\t48491\nSelected Financial Ratios and Other Financial Data (for the quarterly period ended):\t\t\t\t\t\nDividends paid in cash4\t66\t71\t70\t72\t70\nDividends paid in stock4\t13981\t14697\t24836\t25340\t25749\nWeighted average dividend rate5\t3.69%\t3.69%\t5.94%\t6.14%\t6.61%\nDividend payout ratio6\t35.13%\t72.95%\t210.50%\t48.61%\t53.25%\nReturn on average equity\t6.34%\t3.20%\t1.75%\t7.82%\t7.54%\nReturn on average assets\t0.29%\t0.14%\t0.08%\t0.35%\t0.33%\nAverage equity to average assets\t4.60%\t4.37%\t4.44%\t4.52%\t4.36%\nNet interest margin7\t0.47%\t0.39%\t0.36%\t0.47%\t0.51%\nTotal capital ratio8\t4.90%\t4.40%\t4.29%\t4.41%\t4.65%\nRegulatory capital ratio9\t4.91%\t4.47%\t4.41%\t4.38%\t4.63%\n", "q10k_tbl_65": "\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\t09/30/2020\t12/31/2019\t09/30/2019\nMarket Instrument\tThree-month\tThree-month\tNine-month\tNine-month\tEnding\tEnding\tEnding\nAverage\tAverage\tAverage\tAverage\tRate\tRate\tRate\nSecured Overnight Financing Rate1\t0.09%\t2.28%\t0.45%\t2.38%\t0.08%\t1.55%\t2.35%\nFederal funds effective rate1\t0.09\t2.20\t0.45\t2.33\t0.09\t1.55\t1.90\nFederal Reserve interest rate on excess reserves1\t0.10\t2.15\t0.47\t2.30\t0.10\t1.55\t1.80\n3-month U.S. Treasury bill1\t0.11\t2.02\t0.44\t2.26\t0.10\t1.55\t1.84\n3-month LIBOR1\t0.25\t2.20\t0.79\t2.46\t0.23\t1.91\t2.09\n2-year U.S. Treasury note1\t0.14\t1.68\t0.47\t2.10\t0.13\t1.57\t1.62\n5-year U.S. Treasury note1\t0.27\t1.62\t0.59\t2.07\t0.28\t1.69\t1.55\n10-year U.S. Treasury note1\t0.65\t1.79\t0.90\t2.26\t0.69\t1.92\t1.68\n30-year residential mortgage note rate12\t3.13\t3.99\t3.42\t4.31\t3.05\t3.95\t3.99\n", "q10k_tbl_66": "\tIncrease (Decrease) in Earnings Components\t\t\t\n\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020 vs. 09/30/2019\t\t09/30/2020 vs. 09/30/2019\t\n\tDollar Change\tPercentage Change\tDollar Change\tPercentage Change\nTotal interest income\t(258083)\t(65.2)%\t(538721)\t(46.9)%\nTotal interest expense\t(248456)\t(77.2)\t(528612)\t(54.9)\nNet interest income\t(9627)\t(12.9)\t(10109)\t(5.4)\nProvision (reversal) for credit losses on mortgage loans\t(277)\t(70.5)\t208\t40.9\nNet interest income after mortgage loan loss provision\t(9350)\t(12.6)\t(10317)\t(5.5)\nNet gains (losses) on trading securities\t(23181)\t(143.2)\t5985\t6.9\nNet gains (losses) on derivatives and hedging activities\t22412\t109.9\t(56642)\t(71.8)\nOther non-interest income\t642\t23.8\t7\t0.1\nTotal other income (loss)\t(127)\t(8.4)\t(50650)\t(326.0)\nOperating expenses\t(433)\t(2.9)\t444\t1.0\nOther non-interest expenses\t410\t10.7\t6269\t57.0\nTotal other expenses\t(23)\t(0.1)\t6713\t12.4\nAHP assessments\t(947)\t(17.6)\t(6774)\t(45.8)\nNET INCOME\t(8507)\t(17.5)%\t(60906)\t(45.8)%\n", "q10k_tbl_67": "\tThree Months Ended\t\t\t\tNine Months Ended\t\t\t\n\t09/30/2020\t\t09/30/2019\t\t09/30/2020\t\t09/30/2019\t\n\tInterest Income\tPercent of Total\tInterest Income\tPercent of Total\tInterest Income\tPercent of Total\tInterest Income\tPercent of Total\nInvestments1\t34651\t25.1%\t132737\t33.5%\t156307\t25.6%\t359216\t31.3%\nAdvances\t38848\t28.2\t186431\t47.1\t230000\t37.7\t563602\t49.0\nMortgage loans held for portfolio\t64192\t46.5\t76546\t19.3\t222962\t36.5\t225015\t19.6\nOther\t286\t0.2\t346\t0.1\t940\t0.2\t1097\t0.1\nTOTAL INTEREST INCOME\t137977\t100.0%\t396060\t100.0%\t610209\t100.0%\t1148930\t100.0%\n", "q10k_tbl_68": "\tThree Months Ended 09/30/2020\t\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\tTotal\t\t\nUnrealized gains (losses) due to fair value changes\t304\t870\t0\t(1271)\t5\t(92)\t\t\nNet amortization/accretion of hedging activities\t(348)\t0\t(927)\t0\t0\t(1275)\t\t\nNet interest received (paid)\t(17223)\t(31890)\t0\t2395\t10689\t(36029)\t\t\nTOTAL\t(17267)\t(31020)\t(927)\t1124\t10694\t(37396)\t\t\n", "q10k_tbl_69": "\tThree Months Ended 09/30/2019\t\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\tTotal\t\t\nUnrealized gains (losses) due to fair value changes\t(924)\t12610\t0\t0\t114\t11800\t\t\nNet amortization/accretion of hedging activities\t(182)\t0\t(658)\t0\t0\t(840)\t\t\nNet interest received (paid)\t4588\t1665\t0\t(1)\t(1260)\t4992\t\t\nTOTAL\t3482\t14275\t(658)\t(1)\t(1146)\t15952\t\t\n", "q10k_tbl_70": "\tNine Months Ended 09/30/2020\t\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\tTotal\t\t\nUnrealized gains (losses) due to fair value changes\t(1816)\t(4495)\t0\t(176)\t(12)\t(6499)\t\t\nNet amortization/accretion of hedging activities\t(965)\t0\t(2603)\t0\t0\t(3568)\t\t\nNet interest received (paid)\t(29649)\t(73985)\t0\t18414\t29205\t(56015)\t\t\nTOTAL\t(32430)\t(78480)\t(2603)\t18238\t29193\t(66082)\t\t\n", "q10k_tbl_71": "\tNine Months Ended 09/30/2019\t\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\tTotal\t\t\nUnrealized gains (losses) due to fair value changes\t(1964)\t(4673)\t0\t0\t(462)\t(7099)\t\t\nNet amortization/accretion of hedging activities\t(1172)\t0\t(1776)\t0\t0\t(2948)\t\t\nNet interest received (paid)\t18374\t5308\t0\t9\t(7997)\t15694\t\t\nTOTAL\t15238\t635\t(1776)\t9\t(8459)\t5647\t\t\n", "q10k_tbl_72": "\tThree Months Ended\t\t\t\t\t\n\t09/30/2020\t\t\t09/30/2019\t\t\n\tAverage Balance\tInterest Income/ Expense\tYield\tAverage Balance\tInterest Income/ Expense\tYield\nInterest-earning assets:\t\t\t\t\t\t\nInterest-bearing deposits\t1325680\t471\t0.14%\t920843\t5300\t2.28%\nSecurities purchased under agreements to resell\t4421739\t1378\t0.12\t4437123\t26768\t2.39\nFederal funds sold\t2551728\t575\t0.09\t1456826\t8179\t2.23\nInvestment securities1\t13467560\t32227\t0.95\t12354021\t92490\t2.97\nAdvances12\t21975855\t38848\t0.70\t29613293\t186431\t2.50\nMortgage loans34\t10554194\t64192\t2.42\t9508161\t76546\t3.19\nOther interest-earning assets\t41915\t286\t2.71\t45861\t346\t2.99\nTotal earning assets\t54338671\t137977\t1.01\t58336128\t396060\t2.69\nOther non-interest-earning assets\t183114\t\t\t227491\t\t\nTotal assets\t54521785\t\t\t58563619\t\t\nInterest-bearing liabilities:\t\t\t\t\t\t\nDeposits\t800807\t76\t0.04\t542683\t2540\t1.86\nConsolidated obligations1:\t\t\t\t\t\t\nDiscount Notes\t12587693\t5674\t0.18\t24054320\t133680\t2.20\nBonds\t37779502\t67142\t0.71\t30952832\t185096\t2.37\nOther borrowings\t43842\t297\t2.70\t46487\t329\t2.81\nTotal interest-bearing liabilities\t51211844\t73189\t0.57\t55596322\t321645\t2.29\nCapital and other non-interest-bearing funds\t3309942\t\t\t2967297\t\t\nTotal funding\t54521786\t\t\t58563619\t\t\nNet interest income and net interest spread5\t\t64788\t0.44%\t\t74415\t0.40%\nNet interest margin6\t\t\t0.47%\t\t\t0.51%\n", "q10k_tbl_73": "\tThree Months Ended\t\t\n\t09/30/2020 vs. 09/30/2019\t\t\n\tIncrease (Decrease) Due to\t\t\n\tVolume12\tRate12\tTotal\nInterest Income3:\t\t\t\nInterest-bearing deposits\t1633\t(6462)\t(4829)\nSecurities purchased under agreements to resell\t(92)\t(25298)\t(25390)\nFederal funds sold\t3555\t(11159)\t(7604)\nInvestment securities\t7673\t(67936)\t(60263)\nAdvances\t(38954)\t(108629)\t(147583)\nMortgage loans\t7783\t(20137)\t(12354)\nOther assets\t(28)\t(32)\t(60)\nTotal interest-earning assets\t(18430)\t(239653)\t(258083)\nInterest Expense3:\t\t\t\nDeposits\t821\t(3285)\t(2464)\nConsolidated obligations:\t\t\t\nDiscount notes\t(43724)\t(84282)\t(128006)\nBonds\t33970\t(151924)\t(117954)\nOther borrowings\t(18)\t(14)\t(32)\nTotal interest-bearing liabilities\t(8951)\t(239505)\t(248456)\nChange in net interest income\t(9479)\t(148)\t(9627)\n", "q10k_tbl_74": "\tNine Months Ended\t\t\t\t\t\n\t09/30/2020\t\t\t09/30/2019\t\t\n\tAverage Balance\tInterest Income/ Expense\tYield\tAverage Balance\tInterest Income/ Expense\tYield\nInterest-earning assets:\t\t\t\t\t\t\nInterest-bearing deposits\t1488936\t5736\t0.51%\t856180\t15518\t2.42%\nSecurities purchased under agreements to resell\t4086171\t16906\t0.55\t4512240\t84266\t2.50\nFederal funds sold\t2435255\t4517\t0.25\t1583982\t28058\t2.37\nInvestment securities1\t13773179\t129148\t1.25\t11585625\t231374\t2.67\nAdvances12\t25135610\t230000\t1.22\t28486279\t563602\t2.65\nMortgage loans34\t10854240\t222962\t2.74\t9004201\t225015\t3.34\nOther interest-earning assets\t46229\t940\t2.72\t47627\t1097\t3.08\nTotal earning assets\t57819620\t610209\t1.41\t56076134\t1148930\t2.74\nOther non-interest-earning assets\t274176\t\t\t271516\t\t\nTotal assets\t58093796\t\t\t56347650\t\t\nInterest-bearing liabilities:\t\t\t\t\t\t\nDeposits\t763996\t1707\t0.30\t511000\t7701\t2.01\nConsolidated obligations1:\t\t\t\t\t\t\nDiscount Notes\t19230201\t120385\t0.84\t24619124\t433473\t2.35\nBonds\t34743772\t310628\t1.19\t28290980\t519967\t2.46\nOther borrowings\t49241\t938\t2.55\t54571\t1129\t2.77\nTotal interest-bearing liabilities\t54787210\t433658\t1.06\t53475675\t962270\t2.41\nCapital and other non-interest-bearing funds\t3306586\t\t\t2871975\t\t\nTotal funding\t58093796\t\t\t56347650\t\t\nNet interest income and net interest spread5\t\t176551\t0.35%\t\t186660\t0.33%\nNet interest margin6\t\t\t0.41%\t\t\t0.45%\n", "q10k_tbl_75": "\tNine Months Ended\t\t\n\t09/30/2020 vs. 09/30/2019\t\t\n\tIncrease (Decrease) Due to\t\t\n\tVolume12\tRate12\tTotal\t\t\t\t\t\t\nInterest Income3:\t\t\t\t\t\t\t\t\t\nInterest-bearing deposits\t7096\t(16878)\t(9782)\t\t\t\t\t\t\nSecurities purchased under agreements to resell\t(7287)\t(60073)\t(67360)\t\t\t\t\t\t\nFederal funds sold\t10015\t(33556)\t(23541)\t\t\t\t\t\t\nInvestment securities\t37604\t(139830)\t(102226)\t\t\t\t\t\t\nAdvances\t(59896)\t(273706)\t(333602)\t\t\t\t\t\t\nMortgage loans\t41823\t(43876)\t(2053)\t\t\t\t\t\t\nOther assets\t(32)\t(125)\t(157)\t\t\t\t\t\t\nTotal earning assets\t29323\t(568044)\t(538721)\t\t\t\t\t\t\nInterest Expense3:\t\t\t\t\t\t\t\t\t\nDeposits\t2619\t(8613)\t(5994)\t\t\t\t\t\t\nConsolidated obligations:\t\t\t\t\t\t\t\t\t\nDiscount notes\t(79380)\t(233708)\t(313088)\t\t\t\t\t\t\nBonds\t99867\t(309206)\t(209339)\t\t\t\t\t\t\nOther borrowings\t(106)\t(85)\t(191)\t\t\t\t\t\t\nTotal interest-bearing liabilities\t23000\t(551612)\t(528612)\t\t\t\t\t\t\nChange in net interest income\t6323\t(16432)\t(10109)\t\t\t\t\t\t\n", "q10k_tbl_76": "\tThree Months Ended 09/30/2020\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tTotal\t\t\nDerivatives not designated as hedging instruments:\t\t\t\t\t\t\t\nEconomic hedges - unrealized gains (losses) due to fair value changes\t363\t15437\t0\t25\t15825\t\t\nMortgage delivery commitments\t0\t0\t423\t0\t423\t\t\nEconomic hedges - net interest received (paid)\t(45)\t(14061)\t0\t(116)\t(14222)\t\t\nNet gains (losses) on derivatives and hedging activities\t318\t1376\t423\t(91)\t2026\t\t\nNet gains (losses) on trading securities hedged on an economic basis with derivatives\t0\t(7222)\t0\t0\t(7222)\t\t\nTOTAL\t318\t(5846)\t423\t(91)\t(5196)\t\t\n", "q10k_tbl_77": "\tThree Months Ended 09/30/2019\t\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\tTotal\t\t\nDerivatives not designated as hedging instruments:\t\t\t\t\t\t\t\t\nEconomic hedges - unrealized gains (losses) due to fair value changes\t(905)\t(21050)\t0\t(67)\t1962\t(20060)\t\t\nMortgage delivery commitments\t0\t0\t365\t0\t0\t365\t\t\nEconomic hedges - net interest received (paid)\t(5)\t(315)\t0\t(42)\t(329)\t(691)\t\t\nNet gains (losses) on derivatives and hedging activities\t(910)\t(21365)\t365\t(109)\t1633\t(20386)\t\t\nNet gains (losses) on trading securities hedged on an economic basis with derivatives\t0\t16375\t0\t0\t0\t16375\t\t\nTOTAL\t(910)\t(4990)\t365\t(109)\t1633\t(4011)\t\t\n", "q10k_tbl_78": "\tNine Months Ended 09/30/2020\t\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\tTotal\t\t\nDerivatives not designated as hedging instruments:\t\t\t\t\t\t\t\t\nEconomic hedges - unrealized gains (losses) due to fair value changes\t(3809)\t(93790)\t0\t(1)\t352\t(97248)\t\t\nMortgage delivery commitments\t0\t0\t(5995)\t0\t0\t(5995)\t\t\nDiscount note commitments\t0\t0\t0\t0\t0\t0\t\t\nEconomic hedges - net interest received (paid)\t(96)\t(32227)\t0\t(145)\t130\t(32338)\t\t\nNet gains (losses) on derivatives and hedging activities\t(3905)\t(126017)\t(5995)\t(146)\t482\t(135581)\t\t\nNet gains (losses) on trading securities hedged on an economic basis with derivatives\t0\t92220\t0\t0\t0\t92220\t\t\nTOTAL\t(3905)\t(33797)\t(5995)\t(146)\t482\t(43361)\t\t\n", "q10k_tbl_79": "\tNine Months Ended 09/30/2019\t\t\t\t\n\tAdvances\tInvestments\tMortgage Loans\tConsolidated Obligation Discount Notes\tConsolidated Obligation Bonds\tTotal\t\t\nDerivatives not designated as hedging instruments:\t\t\t\t\t\t\t\t\nEconomic hedges - unrealized gains (losses) due to fair value changes\t(2385)\t(94567)\t0\t18\t15467\t(81467)\t\t\nMortgage delivery commitments\t0\t0\t3836\t0\t0\t3836\t\t\nDiscount note commitments\t0\t0\t0\t(70)\t0\t(70)\t\t\nEconomic hedges - net interest received (paid)\t(9)\t700\t0\t(47)\t(1882)\t(1238)\t\t\nNet gains (losses) on derivatives and hedging activities\t(2394)\t(93867)\t3836\t(99)\t13585\t(78939)\t\t\nNet gains (losses) on trading securities hedged on an economic basis with derivatives\t0\t87361\t0\t0\t0\t87361\t\t\nTOTAL\t(2394)\t(6506)\t3836\t(99)\t13585\t8422\t\t\n", "q10k_tbl_80": "\tThree Months Ended\t\t\t\t\t\n\t09/30/2020\t\t\t09/30/2019\t\t\n\tGain (Loss) on Derivatives\tGain (Loss) on Trading Securities\tNet\tGain (Loss) on Derivatives\tGain (Loss) on Trading Securities\tNet\nU.S. Treasury obligations\t9068\t(7806)\t1262\t(5268)\t2565\t(2703)\nGSE debentures\t2277\t(1144)\t1133\t(3709)\t3551\t(158)\nGSE MBS\t4085\t1728\t5813\t(11842)\t10259\t(1583)\nTOTAL\t15430\t(7222)\t8208\t(20819)\t16375\t(4444)\n", "q10k_tbl_81": "\tNine Months Ended\t\t\t\t\t\n\t09/30/2020\t\t\t09/30/2019\t\t\n\tGains (Losses) on Derivatives\tGains (Losses) on Trading Securities\tNet\tGains (Losses) on Derivatives\tGains (Losses) on Trading Securities\tNet\nU.S. Treasury obligations\t(27687)\t26894\t(793)\t(25894)\t22090\t(3804)\nGSE debentures\t(18968)\t17839\t(1129)\t(19265)\t18747\t(518)\nGSE MBS\t(47319)\t47487\t168\t(48916)\t46524\t(2392)\nTOTAL\t(93974)\t92220\t(1754)\t(94075)\t87361\t(6714)\n", "q10k_tbl_82": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nTrading securities not hedged:\t\t\t\t\nGSE debentures\t0\t(58)\t0\t(495)\nU.S. obligation MBS and GSE MBS\t174\t(8)\t309\t(82)\nShort-term securities\t53\t(123)\t240\t0\nTotal trading securities not hedged\t227\t(189)\t549\t(577)\nTrading securities hedged on an economic basis with derivatives:\t\t\t\t\nU.S. Treasury obligations\t(7806)\t2565\t26894\t22090\nGSE debentures\t(1144)\t3551\t17839\t18747\nGSE MBS\t1728\t10259\t47487\t46524\nTotal trading securities hedged on an economic basis with derivatives\t(7222)\t16375\t92220\t87361\nTOTAL\t(6995)\t16186\t92769\t86784\n", "q10k_tbl_83": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nNet income as reported under GAAP\t39984\t48491\t72058\t132964\nAHP assessments\t4444\t5391\t8012\t14786\nIncome before AHP assessments\t44428\t53882\t80070\t147750\nDerivative (gains) losses1\t(16156)\t7895\t109742\t84800\nTrading (gains) losses\t6995\t(16186)\t(92769)\t(86784)\nPrepayment fees on terminated advances\t(1067)\t(373)\t(4252)\t(517)\nNet (gains) losses on sale of held-to-maturity securities\t0\t0\t0\t46\nNet (gains) losses on sale of available-for-sale securities\t0\t0\t(1523)\t0\nTotal excluded items\t(10228)\t(8664)\t11198\t(2455)\nAdjusted income (a non-GAAP measure)\t34200\t45218\t91268\t145295\n", "q10k_tbl_84": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nNet interest income as reported under GAAP\t64788\t74415\t176551\t186660\n(Gains) losses on derivatives qualifying for hedge accounting recorded in net interest income\t92\t(11800)\t6499\t7099\nNet interest settlements on derivatives not qualifying for hedge accounting\t(14222)\t(691)\t(32338)\t(1238)\nPrepayment fees on terminated advances\t(1067)\t(373)\t(4252)\t(517)\nAdjusted net interest income (a non-GAAP measure)\t49591\t61551\t146460\t192004\nNet interest margin as calculated under GAAP\t0.47%\t0.51%\t0.41%\t0.45%\nAdjusted net interest margin (a non-GAAP measure)\t0.36%\t0.42%\t0.34%\t0.46%\n", "q10k_tbl_85": "\tThree Months Ended\t\tNine Months Ended\t\n\t09/30/2020\t09/30/2019\t09/30/2020\t09/30/2019\nAverage GAAP total capital\t2507909\t2551704\t2593471\t2490516\nROE based upon GAAP net income\t6.34%\t7.54%\t3.71%\t7.14%\nAdjusted ROE based upon adjusted income\t5.43%\t7.03%\t4.70%\t7.80%\nAverage overnight Federal funds effective rate\t0.09%\t2.20%\t0.45%\t2.33%\nAdjusted ROE as a spread to average overnight Federal funds effective rate\t5.34%\t4.83%\t4.25%\t5.47%\n", "q10k_tbl_86": "\tComponent Concentration\t\n\t09/30/2020\t12/31/2019\nAssets:\t\t\nCash and due from banks\t0.1%\t3.0%\nInterest-bearing deposits securities purchased under agreements to resell and Federal funds sold\t12.3\t10.3\nInvestment securities\t25.2\t21.4\nAdvances\t42.7\t47.8\nMortgage loans net\t19.0\t16.8\nOther assets\t0.7\t0.7\nTotal assets\t100.0%\t100.0%\nLiabilities:\t\t\nDeposits\t1.9%\t1.2%\nConsolidated obligation discount notes net\t22.5\t43.4\nConsolidated obligation bonds net\t70.4\t50.6\nOther liabilities\t0.3\t0.4\nTotal liabilities\t95.1\t95.6\nCapital:\t\t\nCapital stock outstanding\t3.0\t2.8\nRetained earnings\t1.9\t1.6\nAccumulated other comprehensive income (loss)\t0\t0\nTotal capital\t4.9\t4.4\nTotal liabilities and capital\t100.0%\t100.0%\n", "q10k_tbl_87": "\tIncrease (Decrease) in Components\t\n\t09/30/2020 vs. 12/31/2019\t\n\tDollar Change\tPercent Change\nAssets:\t\t\nCash and due from banks\t(1894462)\t(98.8)%\nInterest-bearing deposits securities purchased under agreements to resell and Federal funds sold\t13209\t0.2\nInvestment securities\t(182498)\t(1.3)\nAdvances\t(7625063)\t(25.2)\nMortgage loans net\t(539543)\t(5.1)\nOther assets\t(36923)\t(9.3)\nTotal assets\t(10265280)\t(16.2)%\nLiabilities:\t\t\nDeposits\t225676\t28.5%\nConsolidated obligation discount notes net\t(15511697)\t(56.5)\nConsolidated obligation bonds net\t5280855\t16.5\nOther liabilities\t(68999)\t(29.5)\nTotal liabilities\t(10074165)\t(16.7)\nCapital:\t\t\nCapital stock outstanding\t(185715)\t(10.5)\nRetained earnings\t22757\t2.3\nAccumulated other comprehensive income (loss)\t(28157)\t(113.6)\nTotal capital\t(191115)\t(6.8)\nTotal liabilities and capital\t(10265280)\t(16.2)%\n", "q10k_tbl_88": "\t09/30/2020\t\t12/31/2019\t\n\tDollar\tPercent\tDollar\tPercent\nAdjustable rate:\t\t\t\t\nStandard advance products:\t\t\t\t\nLine of credit\t2075378\t9.3%\t9421491\t31.2%\nRegular adjustable rate advances\t1055000\t4.7\t665000\t2.2\nAdjustable rate callable advances\t2469800\t11.1\t11444700\t38.0\nStandard housing and community development advances:\t\t\t\t\nAdjustable rate callable advances\t35712\t0.2\t37212\t0.1\nTotal adjustable rate advances\t5635890\t25.3\t21568403\t71.5\nFixed rate:\t\t\t\t\nStandard advance products:\t\t\t\t\nShort-term fixed rate advances\t8186469\t36.7\t1111007\t3.7\nRegular fixed rate advances\t5608844\t25.1\t4717025\t15.6\nFixed rate callable advances\t20146\t0.1\t17241\t0.1\nStandard housing and community development advances:\t\t\t\t\nRegular fixed rate advances\t474987\t2.1\t470925\t1.6\nFixed rate callable advances\t831\t0\t2831\t0\nTotal fixed rate advances\t14291277\t64.0\t6319029\t21.0\nConvertible:\t\t\t\t\nStandard advance products:\t\t\t\t\nFixed rate convertible advances\t1735900\t7.8\t1607500\t5.3\nAmortizing:\t\t\t\t\nStandard advance products:\t\t\t\t\nFixed rate amortizing advances\t331643\t1.5\t331551\t1.1\nFixed rate callable amortizing advances\t6891\t0\t10807\t0\nStandard housing and community development advances:\t\t\t\t\nFixed rate amortizing advances\t296551\t1.4\t324477\t1.1\nFixed rate callable amortizing advances\t8680\t0\t10288\t0\nTotal amortizing advances\t643765\t2.9\t677123\t2.2\nTOTAL PAR VALUE\t22306832\t100.0%\t30172055\t100.0%\n", "q10k_tbl_89": "\t09/30/2020\t\t12/31/2019\t\nBorrower Name\tAdvance Par Value\tPercent of Total Advance Par\tAdvance Par Value\tPercent of Total Advance Par\nMidFirst Bank\t7130000\t32.0%\t8585000\t28.5%\nCapitol Federal Savings Bank\t1793000\t8.0\t2090000\t6.9\nUnited of Omaha Life Insurance Co.\t1295176\t5.8\t1205761\t4.0\nSecurity Life of Denver Insurance Co.\t1010000\t4.5\t925000\t3.1\nBOKF N.A.\t700000\t3.1\t4500000\t14.9\nTOTAL\t11928176\t53.4%\t17305761\t57.4%\n", "q10k_tbl_90": "\tThree Months Ended\t\t\t\n\t09/30/2020\t\t09/30/2019\t\nBorrower Name\tAdvance Income\tPercent of Total Advance Income1\tAdvance Income\tPercent of Total Advance Income1\nCapitol Federal Savings Bank\t6500\t11.9%\t14915\t8.2%\nMidFirst Bank\t5005\t9.2\t39859\t21.9\nAmerican Fidelity Assurance Co.\t2864\t5.2\t\t\nUnited of Omaha Life Insurance Co.\t1776\t3.3\t6053\t3.3\nCrossFirst Bank\t1582\t2.9\t\t\nBOKF N.A.\t\t\t49347\t27.0\nSecurity Life of Denver Insurance Co.\t\t\t4262\t2.3\nTOTAL\t17727\t32.5%\t114436\t62.7%\n", "q10k_tbl_91": "\tNine Months Ended\t\t\t\n\t09/30/2020\t\t09/30/2019\t\nBorrower Name\tAdvance Income\tPercent of Total Advance Income1\tAdvance Income\tPercent of Total Advance Income1\nMidFirst Bank\t43643\t17.0%\t126013\t23.1%\nBOKF N.A.\t31235\t12.1\t143014\t26.2\nCapitol Federal Savings Bank\t25493\t9.9\t40476\t7.4\nAmerican Fidelity Assurance Co.\t9169\t3.6\t\t\nUnited of Omaha Life Insurance Co.\t8774\t3.4\t18285\t3.3\nSecurity Life of Denver Insurance Co.\t\t\t12046\t2.2\nTOTAL\t118314\t46.0%\t339834\t62.2%\n", "q10k_tbl_92": "\t09/30/2020\t\t12/31/2019\t\n\tMortgage Loan Balance\tPercent of Total Mortgage Loans\tMortgage Loan Balance\tPercent of Total Mortgage Loans\nNBKC Bank\t645162\t6.5%\t925748\t8.8%\nFidelity Bank\t377061\t3.8\t393205\t3.8\nFirstBank of Colorado\t365200\t3.7\t424437\t4.1\nTulsa Teachers Credit Union\t354541\t3.5\t\t\nWest Gate Bank\t316978\t3.2\t\t\nMutual of Omaha Bank\t\t\t396389\t3.8\nSunflower Bank\t\t\t383226\t3.7\nTOTAL\t2058942\t20.7%\t2523005\t24.2%\n", "q10k_tbl_93": "\t09/30/2020\t12/31/2019\nInterest-bearing deposits\t488028\t919693\nFederal funds sold\t1435000\t850000\nCertificates of deposit\t225053\t0\nTOTAL UNSECURED INVESTMENT CREDIT EXPOSURE1\t2148081\t1769693\n", "q10k_tbl_94": "Domicile of Counterparty\tOvernight\tDue 31 - 90 days\tTotal\nDomestic\t488028\t0\t488028\nU.S. Branches and agency offices of foreign commercial banks:\t\t\t\nCanada\t500000\t0\t500000\nGermany\t230000\t225053\t455053\nNetherlands\t455000\t0\t455000\nFinland\t250000\t0\t250000\nTotal U.S. Branches and agency offices of foreign commercial banks\t1435000\t225053\t1660053\nTOTAL UNSECURED INVESTMENT CREDIT EXPOSURE1\t1923028\t225053\t2148081\n", "q10k_tbl_95": "\t09/30/2020\t12/31/2019\nTrading securities:\t\t\nCertificates of deposit\t225053\t0\nU.S. Treasury obligations\t1557412\t1530518\nGSE debentures\t433864\t416025\nMortgage-backed securities:\t\t\nGSE MBS\t901606\t866019\nTotal trading securities\t3117935\t2812562\nAvailable-for-sale securities:\t\t\nU.S. Treasury obligations\t4067370\t4261791\nGSE MBS\t3223241\t2920709\nTotal available-for-sale securities\t7290611\t7182500\nHeld-to-maturity securities:\t\t\nState or local housing agency obligations\t81995\t82805\nMortgage-backed securities:\t\t\nU.S. obligation MBS\t76852\t93375\nGSE MBS\t2815129\t3393778\nTotal held-to-maturity securities\t2973976\t3569958\nTotal securities\t13382522\t13565020\nInterest-bearing deposits\t499662\t921453\nFederal funds sold\t1435000\t850000\nSecurities purchased under agreements to resell\t4600000\t4750000\nTOTAL INVESTMENTS\t19917184\t20086473\n", "q10k_tbl_96": "\t09/30/2020\t\t\t\t\n\tDue in one year or less\tDue after one year through five years\tDue after five years through 10 years\tDue after 10 years\tCarrying Value\nTrading securities:\t\t\t\t\t\nCertificates of deposit\t225053\t0\t0\t0\t225053\nU.S. Treasury obligations\t353956\t1203456\t0\t0\t1557412\nGSE debentures\t0\t433864\t0\t0\t433864\nMortgage-backed securities:\t\t\t\t\t\nGSE MBS\t0\t629065\t231310\t41231\t901606\nTotal trading securities\t579009\t2266385\t231310\t41231\t3117935\nYield on trading securities\t1.65%\t2.65%\t2.96%\t0.58%\t\nAvailable-for-sale securities:\t\t\t\t\t\nU.S. Treasury obligations\t2022929\t2044441\t0\t0\t4067370\nGSE MBS\t0\t305314\t2917927\t0\t3223241\nTotal available-for-sale securities\t2022929\t2349755\t2917927\t0\t7290611\nYield on available-for-sale securities\t1.95%\t2.11%\t2.70%\t-%\t\nHeld-to-maturity securities:\t\t\t\t\t\nState or local housing agency obligations\t0\t0\t0\t81995\t81995\nMortgage-backed securities:\t\t\t\t\t\nU.S. obligation MBS\t0\t0\t0\t76852\t76852\nGSE MBS\t0\t838911\t291440\t1684778\t2815129\nTotal held-to-maturity securities\t0\t838911\t291440\t1843625\t2973976\nYield on held-to-maturity securities\t-%\t1.12%\t1.18%\t1.41%\t\nTotal securities\t2601938\t5455051\t3440677\t1884856\t13382522\nYield on total securities\t1.89%\t2.17%\t2.58%\t1.39%\t\nInterest-bearing deposits\t499662\t0\t0\t0\t499662\nFederal funds sold\t1435000\t0\t0\t0\t1435000\nSecurities purchased under agreements to resell\t4600000\t0\t0\t0\t4600000\nTOTAL INVESTMENTS\t9136600\t5455051\t3440677\t1884856\t19917184\n", "q10k_tbl_97": "\t09/30/2020\t\t\t\n\tCarrying Value1\t\t\t\n\tInvestment Grade\t\t\tUnrated\tTotal\t\t\n\tTriple-A\tDouble-A\tSingle-A\nInterest-bearing deposits2\t0\t11634\t488028\t\t0\t\t\t499662\t\t\nFederal funds sold2\t0\t250000\t1185000\t\t0\t\t\t1435000\t\t\nSecurities purchased under agreements to resell3\t0\t0\t0\t\t4600000\t\t\t4600000\t\t\nInvestment securities:\t\t\t\t\t\t\t\t\t\t\nNon-mortgage-backed securities:\t\t\t\t\t\t\t\t\t\t\nCertificates of deposit2\t0\t0\t225053\t\t0\t\t\t225053\t\t\nU.S. Treasury obligations\t0\t5624782\t0\t\t0\t\t\t5624782\t\t\nGSE debentures\t0\t433864\t0\t\t0\t\t\t433864\t\t\nState or local housing agency obligations\t51995\t30000\t0\t\t0\t\t\t81995\t\t\nTotal non-mortgage-backed securities\t51995\t6088646\t225053\t\t0\t\t\t6365694\t\t\nMortgage-backed securities:\t\t\t\t\t\t\t\t\t\t\nU.S. obligation MBS\t0\t76852\t0\t\t0\t\t\t76852\t\t\nGSE MBS\t0\t6939976\t0\t\t0\t\t\t6939976\t\t\nTotal mortgage-backed securities\t0\t7016828\t0\t\t0\t\t\t7016828\t\t\nTOTAL INVESTMENTS\t51995\t13367108\t1898081\t\t4600000\t\t\t19917184\t\t\n", "q10k_tbl_98": "\t12/31/2019\t\t\t\n\tCarrying Value1\t\t\t\n\tInvestment Grade\t\t\tUnrated\tTotal\t\t\n\tTriple-A\tDouble-A\tSingle-A\nInterest-bearing deposits2\t255\t1761\t919437\t\t0\t\t\t921453\t\t\nFederal funds sold2\t0\t0\t850000\t\t0\t\t\t850000\t\t\nSecurities purchased under agreements to resell3\t0\t0\t0\t\t4750000\t\t\t4750000\t\t\nInvestment securities:\t\t\t\t\t\t\t\t\t\t\nNon-mortgage-backed securities:\t\t\t\t\t\t\t\t\t\t\nU.S. Treasury obligations\t0\t5792309\t0\t\t0\t\t\t5792309\t\t\nGSE debentures\t0\t416025\t0\t\t0\t\t\t416025\t\t\nState or local housing agency obligations\t52805\t30000\t0\t\t0\t\t\t82805\t\t\nTotal non-mortgage-backed securities\t52805\t6238334\t0\t\t0\t\t\t6291139\t\t\nMortgage-backed securities:\t\t\t\t\t\t\t\t\t\t\nU.S. obligation MBS\t0\t93375\t0\t\t0\t\t\t93375\t\t\nGSE MBS\t0\t7180506\t0\t\t0\t\t\t7180506\t\t\nTotal mortgage-backed securities\t0\t7273881\t0\t\t0\t\t\t7273881\t\t\nTOTAL INVESTMENTS\t53060\t13513976\t1769437\t\t4750000\t\t\t20086473\t\t\n", "q10k_tbl_99": "\t09/30/2020\t12/31/2019\nTrading securities:\t\t\nNon-mortgage-backed securities:\t\t\nFixed rate\t2216329\t1946543\nNon-mortgage-backed securities\t2216329\t1946543\nMortgage-backed securities:\t\t\nFixed rate\t859277\t817568\nVariable rate\t42329\t48451\nMortgage-backed securities\t901606\t866019\nTotal trading securities\t3117935\t2812562\nAvailable-for-sale securities:\t\t\nNon-mortgage-backed securities:\t\t\nFixed rate\t4067370\t4261791\nNon-mortgage-backed securities\t4067370\t4261791\nMortgage-backed securities:\t\t\nFixed rate\t3223241\t2920709\nMortgage-backed securities\t3223241\t2920709\nTotal available-for-sale securities\t7290611\t7182500\nHeld-to-maturity securities:\t\t\nNon-mortgage-backed securities:\t\t\nVariable rate\t81995\t82805\nNon-mortgage-backed securities\t81995\t82805\nMortgage-backed securities:\t\t\nFixed rate\t82072\t104359\nVariable rate\t2809909\t3382794\nMortgage-backed securities\t2891981\t3487153\nTotal held-to-maturity securities\t2973976\t3569958\nTOTAL\t13382522\t13565020\n", "q10k_tbl_100": "Requirement\t09/30/2020\t12/31/2019\nAsset-based (Class A Common Stock only)\t161499\t158758\nActivity-based (additional Class B Common Stock)1\t1158545\t1264160\nTotal Required Stock2\t1320044\t1422918\nExcess Stock (Class A and B Common Stock)\t262611\t345953\nTotal Regulatory Capital Stock2\t1582655\t1768871\nActivity-based Requirements:\t\t\nAdvances3\t999097\t1352339\nAMA assets (mortgage loans)4\t265210\t621\nTotal Activity-based Requirement\t1264307\t1352960\nAsset-based Requirement (Class A Common Stock) not supporting member activity1\t55737\t69958\nTotal Required Stock2\t1320044\t1422918\n", "q10k_tbl_101": "Applicable Rate per Annum\t09/30/2020\t06/30/2020\t03/31/2020\t12/31/2019\t09/30/2019\nClass A Common Stock\t0.25%\t0.50%\t2.25%\t2.50%\t2.50%\nClass B Common Stock\t5.25\t5.50\t7.25\t7.50\t7.50\nWeighted Average1\t3.69\t3.69\t5.94\t6.14\t6.61\nDividend Parity Threshold:\t\t\t\t\t\nAverage effective overnight Federal funds rate\t0.09%\t0.06%\t1.23%\t1.65%\t2.20%\nSpread to index\t(1.00)\t(1.00)\t(1.00)\t(1.00)\t(1.00)\nTOTAL (floored at zero percent)\t0.00%\t0.00%\t0.23%\t0.65%\t1.20%\n", "q10k_tbl_102": "09/30/2020\t\t\nIndex\tAmount\tPercent\nNon-mortgage-backed securities:\t\t\nLIBOR\t81995\t2.8%\nNon-mortgage-backed securities\t81995\t2.8\nMortgage-backed securities:\t\t\nLIBOR\t2852101\t97.2\nOther\t22\t0\nMortgage-backed securities\t2852123\t97.2\nTOTAL\t2934118\t100.0%\n", "q10k_tbl_103": "09/30/2020\t\nYear of Contractual Maturity\tAmount\nNon-mortgage-backed securities:\t\n2020\t0\n2021\t0\nThereafter\t81995\nNon-mortgage-backed securities\t81995\nMortgage-backed securities:\t\n2020\t0\n2021\t0\nThereafter\t2852101\nMortgage-backed securities\t2852101\nTOTAL\t2934096\n", "q10k_tbl_104": "09/30/2020\t\t\nIndex\tPay Side\tReceive Side\nFixed rate\t15205482\t3636971\nLIBOR\t580000\t5972501\nSOFR\t974471\t6607020\nOIS\t2082500\t2625961\nTOTAL\t18842453\t18842453\n", "q10k_tbl_105": "09/30/2020\t\t\t\t\nYear\tPay Side\t\tReceive Side\t\nCleared\tBilateral\tCleared\tBilateral\n2020\t0\t15000\t75400\t5000\n2021\t500000\t40000\t362695\t15000\nThereafter\t0\t25000\t1612440\t3901966\nTOTAL\t500000\t80000\t2050535\t3921966\n", "q10k_tbl_106": "09/30/2020\t\t\nIndex\tAmount\tPercent\nSOFR\t16154000\t68.7%\nLIBOR\t7300000\t31.1\nU.S. Treasury\t50000\t0.2\nTOTAL\t23504000\t100.0%\n", "q10k_tbl_107": "09/30/2020\t\nYear\tMaturity Date\n2020\t2750000\n2021\t4550000\nThereafter\t0\nTOTAL\t7300000\n", "q10k_tbl_108": "09/30/2020\t\t\t\t\nCredit Rating\tNotional Amount\tNet Derivatives Fair Value Before Collateral\tCash Collateral Pledged From (To) Counterparty\tNet Credit Exposure to Counterparties\nAsset positions with credit exposure:\t\t\t\t\nCleared derivatives1\t5273333\t1126\t(62226)\t63352\nLiability positions with credit exposure:\t\t\t\t\nUncleared derivatives2:\t\t\t\t\nSingle-A\t4352442\t(325448)\t(329380)\t3932\nTriple-B\t243938\t(20308)\t(20502)\t194\nCleared derivatives1\t9329241\t(2640)\t(97579)\t94939\nTOTAL DERIVATIVE POSITIONS WITH CREDIT EXPOSURE\t19198954\t(347270)\t(509687)\t162417\n", "q10k_tbl_109": "12/31/2019\t\t\t\t\nCredit Rating\tNotional Amount\tNet Derivatives Fair Value Before Collateral\tCash Collateral Pledged From (To) Counterparty\tNet Credit Exposure to Counterparties\nAsset positions with credit exposure:\t\t\t\t\nUncleared derivatives:\t\t\t\t\nSingle-A\t63500\t257\t0\t257\nCleared derivatives1\t14150148\t1821\t(145658)\t147479\nLiability positions with credit exposure:\t\t\t\t\nUncleared derivatives2:\t\t\t\t\nSingle-A\t6123478\t(78575)\t(84633)\t6058\nTriple-B\t286008\t(5894)\t(6409)\t515\nTOTAL DERIVATIVE POSITIONS WITH CREDIT EXPOSURE\t20623134\t(82391)\t(236700)\t154309\n", "q10k_tbl_110": "\tTotal1\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAmount\t\t\tPercent of Total Assets\t\t\nFederal funds sold2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1435000\t\t\t2.7%\t\t\nTrading securities3\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t225053\t\t\t0.4\t\t\nDerivative assets:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNet exposure at fair value\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t(61520)\t\t\t\t\t\nCash collateral held\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t62865\t\t\t\t\t\nNet exposure after cash collateral\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1345\t\t\t0\t\t\nTOTAL\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1661398\t\t\t3.1%\t\t\n", "q10k_tbl_111": "Duration of Equity\t\t\nDate\tUp 200 Basis Points\tBase\t\t\t\tDown 200 Basis Points\t\t\n09/30/2020\t-0.9\t1.1\t\t\t\t0.4\t\t\n06/30/2020\t-1.5\t-3.9\t\t\t\t0.4\t\t\n03/31/2020\t-0.5\t-2.3\t\t\t\t0.7\t\t\n12/31/2019\t0.8\t-0.9\t\t\t\t2.4\t\t\n09/30/2019\t1.0\t-0.7\t\t\t\t2.0\t\t\n", "q10k_tbl_112": "Market Value of Equity as a Percent of Total Regulatory Capital Stock\t\t\nDate\tUp 200 Basis Points\tBase\t\t\t\tDown 200 Basis Points\t\t\n09/30/2020\t186\t177\t\t\t\t182\t\t\n06/30/2020\t231\t210\t\t\t\t209\t\t\n03/31/2020\t184\t173\t\t\t\t177\t\t\n12/31/2019\t175\t174\t\t\t\t176\t\t\n09/30/2019\t174\t174\t\t\t\t179\t\t\n", "q10k_tbl_113": "09/30/2020\t\t\t\t\t\nHedged Item\tHedging Instrument\tHedging Objective\tAccounting Designation\tNotional Amount\tFair Value Amount\nAdvances\t\t\t\t\t\nFixed rate non-callable advances\tPay fixed receive variable interest rate swap\tConvert the advance's fixed rate to a variable rate index\tFair Value Hedge\t3866857\t(5722)\nFixed rate convertible advances\tPay fixed receive variable interest rate swap\tConvert the advance's fixed rate to a variable rate index and offset option risk in the advance\tFair Value Hedge\t1735900\t(130111)\nFirm commitment to issue a fixed rate advance\tForward settling interest rate swap\tProtect against fair value risk\tEconomic Hedge\t25012\t(1271)\nFixed rate non-callable advances\tPay fixed receive variable interest rate swap\tConvert the advance's fixed rate to a variable rate index\tEconomic Hedge\t21527\t(1322)\nFirm commitment to issue a fixed rate advance\tForward settling interest rate swap\tProtect against fair value risk\tFair Value Hedge\t11004\t5\nInvestments\t\t\t\t\t\nFixed rate non-MBS available-for-sale investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tFair Value Hedge\t3950000\t(123)\nFixed rate MBS available-for-sale investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tFair Value Hedge\t2912415\t(158391)\nFixed rate non-MBS trading investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tEconomic Hedge\t1898500\t97\nFixed rate MBS trading investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tEconomic Hedge\t784267\t(72334)\nAdjustable rate MBS with embedded caps\tInterest rate cap\tOffset the interest rate cap embedded in a variable rate investment\tEconomic Hedge\t602500\t87\nMortgage Loans Held for Portfolio\t\t\t\t\t\nFixed rate mortgage purchase commitments\tMortgage purchase commitment\tProtect against fair value risk\tEconomic Hedge\t105003\t4\nConsolidated Obligation Discount Notes\t\t\t\t\t\nFixed rate non-callable consolidated obligation discount notes with tenors less than 6 months\tReceive fixed pay variable interest rate swap\tConvert the discount note's fixed rate to a variable rate\tEconomic Hedge\t199858\t1\nFixed rate non-callable consolidated obligation discount notes with tenors of 6 to 12 months\tReceive fixed pay variable interest rate swap\tConvert the discount note's fixed rate to a variable rate\tFair Value Hedge\t174613\t(1)\nConsolidated Obligation Bonds\t\t\t\t\t\nFixed rate non-callable consolidated obligation bonds\tReceive fixed pay variable interest rate swap\tConvert the bond's fixed rate to a variable rate index\tFair Value Hedge\t3262500\t19571\nTOTAL\t\t\t\t19549956\t(349510)\n", "q10k_tbl_114": "12/31/2019\t\t\t\t\t\nHedged Item\tHedging Instrument\tHedging Objective\tAccounting Designation\tNotional Amount\tFair Value Amount\nAdvances\t\t\t\t\t\nFixed rate non-callable advances\tPay fixed receive variable interest rate swap\tConvert the advance's fixed rate to a variable rate index\tFair Value Hedge\t3160580\t953\nFixed rate convertible advances\tPay fixed receive variable interest rate swap\tConvert the advance's fixed rate to a variable rate index and offset option risk in the advance\tFair Value Hedge\t1607500\t(24784)\nFirm commitment to issue a fixed rate advance\tForward settling interest rate swap\tProtect against fair value risk\tFair Value Hedge\t35504\t28\nFixed rate non-callable advances\tPay fixed receive variable interest rate swap\tConvert the advance's fixed rate to a variable rate index\tEconomic Hedge\t6000\t(62)\nFirm commitment to issue a fixed rate advance\tForward settling interest rate swap\tProtect against fair value risk\tEconomic Hedge\t35077\t(532)\nInvestments\t\t\t\t\t\nFixed rate non-MBS available-for-sale investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tFair Value Hedge\t4200000\t(352)\nFixed rate MBS available-for-sale investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tFair Value Hedge\t2822646\t(49571)\nFixed rate non-MBS trading investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tEconomic Hedge\t1898500\t248\nAdjustable rate MBS with embedded caps\tInterest rate cap\tOffset the interest rate cap embedded in a variable rate investment\tEconomic Hedge\t1130000\t117\nFixed rate MBS trading investments\tPay fixed receive variable interest rate swap\tConvert the investment's fixed rate to a variable rate index\tEconomic Hedge\t790045\t(24861)\nMortgage Loans Held for Portfolio\t\t\t\t\t\nFixed rate mortgage purchase commitments\tMortgage purchase commitment\tProtect against fair value risk\tEconomic Hedge\t221800\t470\nConsolidated Obligation Discount Notes\t\t\t\t\t\nFixed rate non-callable consolidated obligation discount notes with tenors of 6 to 12 months\tReceive fixed pay variable interest rate swap\tConvert the discount note's fixed rate to a variable rate\tFair Value Hedge\t1383782\t47\nConsolidated Obligation Bonds\t\t\t\t\t\nFixed rate non-callable consolidated obligation bonds\tReceive fixed pay variable interest rate swap\tConvert the bond's fixed rate to a variable rate index\tFair Value Hedge\t2628500\t14013\nFixed rate callable consolidated obligation bonds\tReceive fixed pay variable interest rate swap\tConvert the bond's fixed rate to a variable rate index and offset option risk in the bond\tFair Value Hedge\t500000\t2635\nVariable rate consolidated obligation bonds\tReceive variable interest rate pay variable interest rate swap\tReduce basis risk by converting an undesirable variable rate index in the bond to a more desirable variable rate index\tEconomic Hedge\t370000\t(342)\nCallable step-up/step-down consolidated obligation bonds\tReceive variable interest rate with embedded features pay variable interest rate swap\tReduce interest rate sensitivity and repricing gaps by converting the bond's variable rate to a different variable rate index and/or to offset embedded options risk in the bond\tFair Value Hedge\t110000\t95\nTOTAL\t\t\t\t20899934\t(81898)\n", "q10k_tbl_115": "Exhibit No.\tDescription\n3.1\tExhibit 3.1 to the FHLBank's registration statement on Form 10 filed May 15 2006 and made effective on July 14 2006 (File No. 000-52004) Federal Home Loan Bank of Topeka Articles and Organization Certificate is incorporated herein by reference as Exhibit 3.1.\n3.2\tExhibit 3.1 to the Current Report on Form 8-K filed November 5 2020 Federal Home Loan Bank of Topeka Amended and Restated Bylaws is incorporated herein by reference as Exhibit 3.2.\n4.1\tExhibit 4.1 to the Annual Report on Form 10-K filed March 20 2020 Federal Home Loan Bank of Topeka Capital Plan.\n31.1\tCertification of President and Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\n31.2\tCertification of Interim Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\n32\tCertification of President and Chief Executive Officer (Principal Executive Officer) and Interim Chief Financial Officer (Principal Financial 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_3", "is": "q10k_tbl_66", "cf": "q10k_tbl_11"}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
For the transition period from ________ to ________
Commission File Number 000-52004
FEDERAL HOME LOAN BANK OF TOPEKA
(Exact name of registrant as specified in its charter)
Federally chartered corporation
48-0561319
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
500 SW Wanamaker Road,
Topeka, KS
66606
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code: 785.233.0507
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
N/A
N/A
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 requirements for the past 90 days.☒Yes☐ 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). ☒Yes☐ 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 the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated Filer
☐
Accelerated Filer
☐
Non-accelerated Filer
☒
Smaller reporting company
☐
Emerging growth 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 Act).☐ Yes ☒ No
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
Important Notice about Information in this Quarterly Report
In this quarterly report, unless the context suggests otherwise, references to “FHLBank,” “FHLBank Topeka,” “we,” “us” and “our” mean Federal Home Loan Bank of Topeka, and “FHLBanks” mean all Federal Home Loan Banks, including FHLBank Topeka.
The information contained in this quarterly report is accurate only as of the date of this quarterly report and as of the dates specified herein.
The product and service names used in this quarterly report are the property of FHLBank, and in some cases, other FHLBanks. Where the context suggests otherwise, the products, services and company names mentioned in this quarterly report are the property of their respective owners.
Special Cautionary Notice Regarding Forward-looking Statements
The information in this Form 10-Q contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements describing the objectives, projections, estimates or future predictions of FHLBank’s operations. These statements may be identified by the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “is likely,” “could,” “estimate,” “expect,” “will,” “intend,” “probable,” “project,” “should,” or their negatives or other variations of these terms. FHLBank cautions that by their nature forward-looking statements involve risks or uncertainties and that actual results may differ materially from those expressed in any forward-looking statements as a result of such risks and uncertainties, including but not limited to:
•Changes in economic and market conditions, including conditions in our district and the U.S. and global economy, as well as the mortgage, housing and capital markets;
•The impact of the Coronavirus Disease 2019 (COVID-19) pandemic or other pandemics on our members and our business;
•Governmental actions, including legislative, regulatory, judicial or other developments that affect FHLBank; its members, counterparties or investors; housing government-sponsored enterprises (GSE); or the FHLBank System in general;
•Effects of derivative accounting treatment and other accounting rule requirements, or changes in such requirements;
•Competitive forces, including competition for loan demand, purchases of mortgage loans and access to funding;
•The ability of FHLBank to introduce new products and services to meet market demand and to manage successfully the risks associated with all products and services;
•Changes in demand for FHLBank products and services or consolidated obligations of the FHLBank System;
•Membership changes, including changes resulting from member failures or mergers, changes due to member eligibility, or changes in the principal place of business of members;
•Changes in the U.S. government’s long-term debt rating and the long-term credit rating of the senior unsecured debt issues of the FHLBank System;
•Soundness of other financial institutions, including FHLBank members, non-member borrowers, counterparties, and the other FHLBanks;
•The ability of each of the other FHLBanks to repay the principal and interest on consolidated obligations for which it is the primary obligor and with respect to which FHLBank has joint and several liability;
•The volume and quality of eligible mortgage loans originated and sold by participating members to FHLBank through its various mortgage finance products (Mortgage Partnership Finance® (MPF®) Program). “Mortgage Partnership Finance,” “MPF,” “MPF Xtra,” and “MPF Direct” are registered trademarks of FHLBank Chicago.
•Changes in the fair value and economic value of, impairments of, and risks associated with, FHLBank’s investments in mortgage loans and mortgage-backed securities (MBS) or other assets and related credit enhancement protections;
•Changes in the value or liquidity of collateral underlying advances to FHLBank members or non-member borrowers or collateral pledged by reverse repurchase and derivative counterparties;
•Volatility of market prices, changes in interest rates and indices and the timing and volume of market activity;
•Gains/losses on derivatives or on trading investments and the ability to enter into effective derivative instruments on acceptable terms;
•The effects of amortization/accretion;
•The upcoming discontinuance of the London Interbank Offered Rate (LIBOR) and the related effect on FHLBank's LIBOR-based financial products, investments, and contracts;
•Changes in FHLBank’s capital structure;
•FHLBank's ability to declare dividends or to pay dividends at rates consistent with past practices; and
•The ability of FHLBank to keep pace with technological changes and the ability to develop and support technology and information systems, including the ability to securely access the internet and internet-based systems and services, sufficient to effectively manage the risks of FHLBank’s business.
3
Readers of this quarterly report should not rely solely on the forward-looking statements and should consider all risks and uncertainties addressed throughout this quarterly report, as well as those discussed under Part II Item lA – Risk Factors and Item 1A – Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2019, incorporated by reference herein.
All forward-looking statements contained in this Form 10-Q are expressly qualified in their entirety by reference to this cautionary notice. The reader should not place undue reliance on such forward-looking statements, since the statements speak only as of the date that they are made and FHLBank has no obligation and does not undertake publicly to update, revise or correct any forward-looking statement for any reason to reflect events or circumstances after the date of this quarterly report.
4
PART I
Item 1: Financial Statements
5
FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CONDITION - Unaudited
(In thousands, except par value)
09/30/2020
12/31/2019
ASSETS
Cash and due from banks
$
22,704
$
1,917,166
Interest-bearing deposits
499,662
921,453
Securities purchased under agreements to resell (Note 9)
4,600,000
4,750,000
Federal funds sold
1,435,000
850,000
Investment securities:
Trading securities (Note 3)
3,117,935
2,812,562
Available-for-sale securities (Note 3)
7,290,611
7,182,500
Held-to-maturity securities, fair value of $2,975,782 and $3,556,938 (Note 3)
2,973,976
3,569,958
Total investment securities
13,382,522
13,565,020
Advances (Note 4)
22,616,252
30,241,315
Mortgage loans held for portfolio, net of allowance for credit losses of $7,926 and $985 (Note 5)
10,093,466
10,633,009
Accrued interest receivable
108,532
143,765
Derivative assets, net (Notes 6, 9)
162,501
154,804
Other assets
90,735
100,122
TOTAL ASSETS
$
53,011,374
$
63,276,654
LIABILITIES
Deposits (Note 7)
$
1,016,316
$
790,640
Consolidated obligations, net:
Discount notes (Note 8)
11,936,214
27,447,911
Bonds (Note 8)
37,294,169
32,013,314
Total consolidated obligations, net
49,230,383
59,461,225
Mandatorily redeemable capital stock (Note 10)
1,914
2,415
Accrued interest payable
54,913
117,580
Affordable Housing Program payable
39,350
43,027
Derivative liabilities, net (Notes 6, 9)
173
202
Other liabilities
68,389
70,514
TOTAL LIABILITIES
50,411,438
60,485,603
Commitments and contingencies (Note 13)
The accompanying notes are an integral part of these financial statements.
6
FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF CONDITION - Unaudited
(In thousands, except par value)
09/30/2020
12/31/2019
CAPITAL
Capital stock outstanding - putable:
Class A ($100 par value; 3,872 and 4,476 shares issued and outstanding) (Note 10)
$
387,207
$
447,610
Class B ($100 par value; 11,935 and 13,188 shares issued and outstanding) (Note 10)
1,193,534
1,318,846
Total capital stock
1,580,741
1,766,456
Retained earnings:
Unrestricted
773,640
765,295
Restricted
248,926
234,514
Total retained earnings
1,022,566
999,809
Accumulated other comprehensive income (loss) (Note 11)
(3,371)
24,786
TOTAL CAPITAL
2,599,936
2,791,051
TOTAL LIABILITIES AND CAPITAL
$
53,011,374
$
63,276,654
The accompanying notes are an integral part of these financial statements.
7
FEDERAL HOME LOAN BANK OF TOPEKA
STATEMENTS OF INCOME - Unaudited
(In thousands)
Three Months Ended
Nine Months Ended
09/30/2020
09/30/2019
09/30/2020
09/30/2019
INTEREST INCOME:
Interest-bearing deposits
$
471
$
5,300
$
5,736
$
15,518
Securities purchased under agreements to resell
1,378
26,768
16,906
84,266
Federal funds sold
575
8,179
4,517
28,058
Trading securities
18,099
20,342
56,371
68,211
Available-for-sale securities
9,588
47,811
43,753
78,694
Held-to-maturity securities
4,540
24,337
29,024
84,469
Advances
38,848
186,431
230,000
563,602
Mortgage loans held for portfolio
64,192
76,546
222,962
225,015
Other
286
346
940
1,097
Total interest income
137,977
396,060
610,209
1,148,930
INTEREST EXPENSE:
Deposits
76
2,540
1,707
7,701
Consolidated obligations:
Discount notes
5,674
133,680
120,385
433,473
Bonds
67,142
185,096
310,628
519,967
Mandatorily redeemable capital stock (Note 10)
12
30
50
113
Other
285
299
888
1,016
Total interest expense
73,189
321,645
433,658
962,270
NET INTEREST INCOME
64,788
74,415
176,551
186,660
Provision (reversal) for credit losses on mortgage loans (Note 5)
116
393
717
509
NET INTEREST INCOME AFTER LOAN LOSS PROVISION (REVERSAL)
64,672
74,022
175,834
186,151
OTHER INCOME (LOSS):
Net gains (losses) on trading securities (Note 3)
(6,995)
16,186
92,769
86,784
Net gains (losses) on sale of available-for-sale securities (Note 3)
—
—
1,523
—
Net gains (losses) on sale of held-to-maturity securities (Note 3)
—
—
—
(46)
Net gains (losses) on derivatives and hedging activities (Note 6)
2,026
(20,386)
(135,581)
(78,939)
Standby bond purchase agreement commitment fees
560
566
1,660
1,685
Letters of credit fees
1,663
1,190
4,705
3,581
Other
1,112
937
(191)
2,470
Total other income (loss)
(1,634)
(1,507)
(35,115)
15,535
The accompanying notes are an integral part of these financial statements.