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. |
|