| For the years ended December 31, | |||
|---|---|---|---|
| 2016 | 2015 | Change | |
| Cash and due from banks, interest-bearing deposits, Federal Funds sold, and securities purchased under agreement to resell | $ 7,376 | $ 4,226 | 75% |
| Investment securities | 21,035 | 24,597 | (14)% |
| Advances | 45,067 | 36,778 | 23% |
| MPF Loans held in portfolio, net of allowance for credit losses | 4,967 | 4,828 | 3% |
| Other | 247 | 242 | 2% |
| Assets | $ 78,692 | $ 70,671 | 11% |
| Consolidated obligation discount notes | $ 35,949 | $ 41,564 | (14)% |
| Consolidated obligation bonds | 36,903 | 22,582 | 63% |
| Subordinated notes | — | 944 | (100)% |
| Other | 1,145 | 929 | 23% |
| Liabilities | 73,997 | 66,019 | 12% |
| Capital stock | 1,711 | 1,950 | (12)% |
| Retained earnings | 3,020 | 2,730 | 11% |
| Accumulated other comprehensive income (loss) | (36) | (28) | 29% |
| Capital | 4,695 | 4,652 | 1% |
| Total liabilities and capital | $ 78,692 | $ 70,671 | 11% |
| For the years ended December 31, | |||
|---|---|---|---|
| 2016 | 2015 | 2014 | |
| Interest income | $1,259 | $ 1,252 | $ 1,362 |
| Interest expense | (803) | (744) | (841) |
| Net interest income | 456 | 508 | 521 |
| Reversal of (provision for) credit losses | (1) | (5) | 7 |
| Net interest income after reversal of (provision for) credit losses | 455 | 503 | 528 |
| Litigation settlement awards | 38 | 13 | 27 |
| Other noninterest income | 38 | 10 | 5 |
| Total noninterest income | 76 | 23 | 32 |
| Total noninterest expense | (167) | (138) | (124) |
| Income before assessments | 364 | 388 | 436 |
| Affordable Housing Program assessment | (37) | (39) | (44) |
| Net income | $ 327 | $ 349 | $ 392 |
| For the years ended December 31, | |||
|---|---|---|---|
| 2016 | 2015 | 2014 | |
| 1 The prepayment of our investments and advances is unpredictable and we cannot be certain of the timing or amount of future prepayments. Accordingly, we believe that the use of adjusted net yield is useful to members and others in evaluating our ongoing operational and financial results in a manner that is consistent with our evaluation of business performance. Additionally, we believe excluding prepayment fee income on investments and advances assists members in developing expectations of future performance. | |||
| Mission Asset Ratio | 68.3% | 64.5% | 58.6% |
| Letters of Credit | $10,828 | $ 6,678 | $ 3,617 |
| Average interest-earning assets | $76,879 | $70,757 | $70,854 |
| Net yield (calculated using net interest income / average interest-earning assets, annualized) | 0.59% | 0.72% | 0.74% |
| Prepayment fee income on advances | $ 10 | $ 10 | $ 12 |
| Prepayment fee income on investments | $ 47 | $ 75 | $ 17 |
| Adjusted net yield (non-GAAP basis, calculated the same as net yield, but excluding prepayment fee income on advances and investments from the net interest income) 1 | 0.52% | 0.60% | 0.69% |