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Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 303,207 $ 299,010
Adjustments to reconcile net income to net cash provided by(used in) operating activities:    
Depreciation and amortization (53,598) 56,880
Net change in derivative and hedging activities 279,531 (139,988)
Net realized (gains) loss from sales of AFS securities 0 (489)
Net change in fair value adjustments on trading securities 1,024 (871)
Other adjustments 3,279 3,067
Net change in:    
Accrued interest receivable 17,772 (148,250)
Other assets (14,313) (260)
Accrued interest payable (73,590) 391,650
Other liabilities 55,786 17,835
Net cash provided by (used in) operating activities 519,098 478,584
Net change in:    
Interest-bearing deposits (including $667 and $(149) (to) from other FHLBanks) 148,294 (550,984)
Federal funds sold (100,000) 700,000
Federal funds sold (442,000) 18,000
Proceeds 29,350 0
AFS securities:    
Proceeds (includes $0, and $798,200 from sales) 557,686 2,243,793
Purchases (3,326,453) (3,067,940)
HTM securities:    
Proceeds 85,208 64,256
Purchases 0 (247,500)
Advances:    
Repaid 246,530,601 389,947,709
Originated (241,035,146) (401,754,957)
Mortgage loans held for portfolio:    
Proceeds 174,546 173,874
Purchases (227,478) (169,747)
Other investing activities, net (8,944) (1,048)
Net cash provided by (used in) investing activities 2,385,664 (12,644,544)
FINANCING ACTIVITIES    
Net change in deposits 103,890 145,381
Net proceeds from issuance of consolidated obligations:    
Discount notes 179,385,016 262,850,889
Bonds 56,394,593 58,566,319
Payments for maturing and retiring consolidated obligations    
Discount notes (184,424,375) (277,303,679)
Bonds (53,953,105) (32,517,985)
Proceeds from issuance of capital stock 1,729,841 3,355,932
Payments for repurchase/redemption of capital stock (1,975,013) (2,791,459)
Payments for repurchase/redemption of mandatorily redeemable capital stock (5,942) (7,249)
Cash dividends paid (157,419) (129,073)
Net cash provided by (used in) financing activities (2,902,514) 12,169,076
Net increase (decrease) in cash and due from banks 2,248 3,116
Cash and due from banks at beginning of the period 11,509 13,242
Cash and due from banks at end of the period 13,757 16,358
Supplemental disclosures:    
Interest paid 2,681,342 2,309,069
AHP payments, net 8,159 20,836
Capital stock reclassified to mandatorily redeemable capital stock $ 5,820 $ 7,796