Rendering

Component: (Network and Table)
Network
2330301 - Disclosure - Fair Values (Tables)
(http://www.fhlbboston.com/role/FairValuesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Fair Value Disclosures [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Fair Value Disclosures [Abstract]
 
Fair Value of Financial Instruments [Table Text Block]
The carrying values, fair values, and fair-value hierarchy of our financial instruments at December 31, 2016 and 2015, were as follows (dollars in thousands). These fair values do not represent an estimate of our overall market value as a going concern, which would take into account, among other things, our future business opportunities and the net profitability of our assets and liabilities.
 
December 31, 2016
 
Carrying
Value
 
Total Fair Value
 
Level 1
 
Level 2
 
Level 3
 
Netting Adjustments and Cash Collateral
Financial instruments
 

 
 

 
 
 
 
 
 
 
 
Assets:
 

 
 

 
 
 
 
 
 
 
 
Cash and due from banks
$
520,031

 
$
520,031

 
$
520,031

 
$

 
$

 
$

Interest-bearing deposits
278

 
278

 
278

 

 

 

Securities purchased under agreements to resell
5,999,000

 
5,998,799

 

 
5,998,799

 

 

Federal funds sold
2,700,000

 
2,699,949

 

 
2,699,949

 

 

Trading securities(1)
612,622

 
612,622

 

 
612,622

 

 

Available-for-sale securities(1)
6,588,664

 
6,588,664

 

 
6,580,518

 
8,146

 

Held-to-maturity securities
2,130,767

 
2,372,290

 

 
1,176,269

 
1,196,021

 

Advances
39,099,339

 
39,273,044

 

 
39,273,044

 

 

Mortgage loans, net
3,693,894

 
3,736,548

 

 
3,708,123

 
28,425

 

Accrued interest receivable
84,653

 
84,653

 

 
84,653

 

 

Derivative assets(1)
61,598

 
61,598

 

 
55,078

 

 
6,520

Other assets (1)
17,779

 
17,779

 
8,394

 
9,385

 

 

Liabilities:


 
 

 
 
 
 
 
 
 
 
Deposits
(482,163
)
 
(482,158
)
 

 
(482,158
)
 

 

COs:


 
 
 
 
 
 
 
 
 
 
Bonds
(27,171,434
)
 
(27,298,499
)
 

 
(27,298,499
)
 

 

Discount notes
(30,053,964
)
 
(30,054,085
)
 

 
(30,054,085
)
 

 

Mandatorily redeemable capital stock
(32,687
)
 
(32,687
)
 
(32,687
)
 

 

 

Accrued interest payable
(80,822
)
 
(80,822
)
 

 
(80,822
)
 

 

Derivative liabilities(1)
(357,876
)
 
(357,876
)
 

 
(460,287
)
 

 
102,411

Other:


 
 
 
 
 
 
 
 
 
 
Commitments to extend credit for advances

 
(4,412
)
 

 
(4,412
)
 

 

Standby letters of credit
(1,064
)
 
(1,064
)
 

 
(1,064
)
 

 

_______________________
(1)
Carried at fair value on a recurring basis.

 
December 31, 2015
 
Carrying
Value
 
Total Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
Netting Adjustments and Cash Collateral
Financial instruments
 

 
 

 
 
 
 
 
 
 
 
Assets:
 

 
 

 
 
 
 
 
 
 
 
Cash and due from banks
$
254,218

 
$
254,218

 
$
254,218

 
$

 
$

 
$

Interest-bearing deposits
197

 
197

 
197

 

 

 

Securities purchased under agreements to resell
6,700,000

 
6,699,852

 

 
6,699,852

 

 

Federal funds sold
2,120,000

 
2,119,962

 

 
2,119,962

 

 

Trading securities(1)
230,134

 
230,134

 

 
230,134

 

 

Available-for-sale securities(1)
6,314,285

 
6,314,285

 

 
6,314,285

 

 

Held-to-maturity securities
2,654,565

 
2,923,124

 

 
1,562,243

 
1,360,881

 

Advances
36,076,167

 
36,209,343

 

 
36,209,343

 

 

Mortgage loans, net
3,581,788

 
3,666,146

 

 
3,635,073

 
31,073

 

Accrued interest receivable
84,442

 
84,442

 

 
84,442

 

 

Derivative assets(1)
40,117

 
40,117

 

 
27,138

 

 
12,979

Other assets(1)
15,292

 
15,292

 
6,373

 
8,919

 

 

Liabilities:
 

 
 

 
 
 
 
 
 
 
 
Deposits
(482,602
)
 
(482,595
)
 

 
(482,595
)
 

 

COs:
 
 
 
 
 
 
 
 
 
 
 
Bonds
(25,427,277
)
 
(25,578,547
)
 

 
(25,578,547
)
 

 

Discount notes
(28,479,097
)
 
(28,479,076
)
 

 
(28,479,076
)
 

 

Mandatorily redeemable capital stock
(41,989
)
 
(41,989
)
 
(41,989
)
 

 

 

Accrued interest payable
(81,268
)
 
(81,268
)
 

 
(81,268
)
 

 

Derivative liabilities(1)
(442,007
)
 
(442,007
)
 

 
(521,177
)
 

 
79,170

Other:
 
 
 
 
 
 
 
 
 
 
 
Commitments to extend credit for advances

 
(689
)
 

 
(689
)
 

 

Standby letters of credit
(831
)
 
(831
)
 

 
(831
)
 

 


_______________________
(1)
Carried at fair value on a recurring basis.

 
 
Fair Value Measured on Recurring Basis [Table Text Block]
The following tables present our assets and liabilities that are measured at fair value on the statement of condition, which are recorded on a recurring basis at December 31, 2016 and 2015, by fair-value hierarchy level (dollars in thousands):

 
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Netting
Adjustment (1)
 
Total
Assets:
 

 
 

 
 

 
 

 
 

Trading securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury obligations
$

 
$
399,521

 
$

 
$

 
$
399,521

U.S. government-guaranteed – single-family MBS

 
8,494

 

 

 
8,494

GSEs – single-family MBS

 
768

 

 

 
768

GSEs – multifamily MBS

 
203,839

 

 

 
203,839

Total trading securities

 
612,622

 

 

 
612,622

Available-for-sale securities:
 

 
 

 
 

 
 

 
 

State or local HFA securities

 

 
8,146

 

 
8,146

Supranational institutions

 
422,620

 

 

 
422,620

U.S. government-owned corporations

 
271,957

 

 

 
271,957

GSEs

 
117,468

 

 

 
117,468

U.S. government guaranteed – single-family MBS

 
124,727

 

 

 
124,727

U.S. government guaranteed – multifamily MBS

 
563,361

 

 

 
563,361

GSEs – single-family MBS

 
4,403,855

 

 

 
4,403,855

GSEs-multifamily

 
676,530

 

 

 
676,530

Total available-for-sale securities

 
6,580,518

 
8,146

 

 
6,588,664

Derivative assets:
 

 
 

 
 

 
 

 
 

Interest-rate-exchange agreements

 
55,008

 

 
6,520

 
61,528

Mortgage delivery commitments

 
70

 

 

 
70

Total derivative assets

 
55,078

 

 
6,520

 
61,598

Other assets
8,394

 
9,385

 

 

 
17,779

Total assets at fair value
$
8,394

 
$
7,257,603

 
$
8,146

 
$
6,520

 
$
7,280,663

Liabilities:
 

 
 

 
 

 
 

 
 

Derivative liabilities
 

 
 

 
 

 
 

 
 

Interest-rate-exchange agreements
$

 
$
(460,116
)
 
$

 
$
102,411

 
$
(357,705
)
Mortgage delivery commitments

 
(171
)
 

 

 
(171
)
Total liabilities at fair value
$

 
$
(460,287
)
 
$

 
$
102,411

 
$
(357,876
)
_______________________
(1)
These amounts represent the application of the netting requirements which allow us to settle positive and negative positions and also cash collateral and related accrued interest held or placed with the same clearing member and/or counterparty.

 
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Netting
Adjustment (1)
 
Total
Assets:
 

 
 

 
 

 
 

 
 

Trading securities:
 
 
 
 
 
 
 
 
 
U.S. government-guaranteed – single-family MBS
$

 
$
10,296

 
$

 
$

 
$
10,296

GSEs – single-family MBS

 
1,449

 

 

 
1,449

GSEs – multifamily MBS

 
218,389

 

 

 
218,389

Total trading securities

 
230,134

 

 

 
230,134

Available-for-sale securities:
 

 
 

 
 

 
 

 
 

Supranational institutions

 
438,913

 

 

 
438,913

U.S. government-owned corporations

 
265,968

 

 

 
265,968

GSEs

 
117,792

 

 

 
117,792

U.S. government guaranteed – single-family MBS

 
156,642

 

 

 
156,642

U.S. government guaranteed – multifamily MBS

 
744,762

 

 

 
744,762

GSEs – single-family MBS

 
4,590,208

 

 

 
4,590,208

Total available-for-sale securities

 
6,314,285

 

 

 
6,314,285

Derivative assets:
 

 
 

 
 

 
 

 
 

Interest-rate-exchange agreements

 
27,120

 

 
12,979

 
40,099

Mortgage delivery commitments

 
18

 

 

 
18

Total derivative assets

 
27,138

 

 
12,979

 
40,117

Other assets
6,373

 
8,919

 

 

 
15,292

Total assets at fair value
$
6,373

 
$
6,580,476

 
$

 
$
12,979

 
$
6,599,828

Liabilities:
 

 
 

 
 

 
 

 
 

Derivative liabilities
 

 
 

 
 

 
 

 
 

Interest-rate-exchange agreements
$

 
$
(521,152
)
 
$

 
$
79,170

 
$
(441,982
)
Mortgage delivery commitments

 
(25
)
 

 

 
(25
)
Total liabilities at fair value
$

 
$
(521,177
)
 
$

 
$
79,170

 
$
(442,007
)
_______________________
(1)
These amounts represent the application of the netting requirements which allow us to settle positive and negative positions and also cash collateral and related accrued interest held or placed with the same clearing member and/or counterparty.
 
 
Fair Value on a Nonrecurring Basis [Table Text Block]

The following tables present financial assets by level within the fair-value hierarchy which were recorded at fair value on a nonrecurring basis. The fair values presented are as of the date the fair value adjustment was recorded.

 
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Held-to-maturity securities:
 
 
 
 
 
 
 
Private-label residential MBS
$

 
$

 
$
8,498

 
$
8,498

Mortgage loans held for portfolio

 

 
5,618

 
5,618

REO

 

 
786

 
786

 
 
 
 
 
 
 
 
Total assets recorded at fair value on a nonrecurring basis
$

 
$

 
$
14,902

 
$
14,902


 
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
Held-to-maturity securities:
 
 
 
 
 
 
 
Private-label residential MBS
$

 
$

 
$
16,653

 
$
16,653

Mortgage loans held for portfolio

 

 
5,376

 
5,376

REO

 

 
2,284

 
2,284

 
 
 
 
 
 
 
 
Total assets recorded at fair value on a nonrecurring basis
$

 
$

 
$
24,313

 
$
24,313

 
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents a reconciliation of available-for-sale securities that are measured at fair value on a recurring basis
using significant unobservable inputs (Level 3) during the year ended December 31, 2016. There were no Level 3 available-for-sale securities during the years ended December 31, 2015 and 2014.

 
 
For the Year Ended December 31, 2016
Balance at beginning of year
 
$

Purchases
 
9,350

Unrealized losses included in other comprehensive income
 
(1,204
)
Balance at end of year
 
$
8,146