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Transactions with Related Parties (Tables)
6 Months Ended
Jun. 30, 2024
Related Party Transaction [Line Items]  
Related Party Transactions, by Balance Sheet Grouping
The following table includes significant outstanding related party member-activity balances.
(in thousands)June 30, 2024December 31, 2023
Advances (1)
$45,832,678 $45,435,931 
Letters of credit (2)
19,107,882 20,225,736 
MPF loans187,730 202,529 
Deposits25,249 40,129 
Capital stock2,054,879 2,038,033 
Notes:
(1) Amount excludes accrued interest, deferred prepayment fees, and hedging adjustment
(2) Letters of credit are off-balance sheet commitments.
Related Party Transactions, Income Statement
The following table summarizes the effects on the Statements of Income corresponding to the related party member balances above. Amounts related to interest expense on deposits were immaterial for the periods presented.
 Three months ended June 30,Six months ended June 30,
(in thousands)2024202320242023
Interest income on advances (1)
$643,234 $663,750 $1,298,729 $1,223,472 
Interest income on MPF loans2,332 2,739 4,648 5,587 
Letters of credit fees5,842 4,814 11,834 11,049 
Note:
(1) Interest income on advances includes contractual interest income and prepayment fees. The effect of derivative activities is not included.
FHLBank of Chicago [Member]  
Related Party Transaction [Line Items]  
Schedule of Related Party Transactions, Mortgage Loans
The following table summarizes the effect of the MPF activities with FHLBank of Chicago.
 Three months ended June 30,Six months ended June 30,
(in thousands)2024202320242023
Servicing fee expense$982 $940 $1,957 $1,881 
(in thousands)June 30, 2024December 31, 2023
Interest-bearing deposits maintained with FHLBank of Chicago$5,408 $6,075