Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table presents the notional amount, fair value of derivative instruments, and total derivative assets and liabilities. Total derivative assets and liabilities include the effect of netting adjustments and cash collateral. For purposes of this disclosure, the derivative values include the fair value of derivatives and the related accrued interest.


	As of December 31,
	2025						2024
	Notional Amount of Derivatives		Derivative Assets		Derivative Liabilities		Notional Amount of Derivatives		Derivative Assets		Derivative Liabilities
Derivatives in hedging relationships:
Interest-rate swaps	$	109,775	$	104	$	303	$	100,529	$	196	$	777
Derivatives not designated as hedging instruments:
Interest-rate swaps	53		—		—		60		2		1




Total derivatives before netting and collateral adjustments	$	109,828	104		303		$	100,589	198		778
Netting adjustments and cash collateral (1)			230		(299)				247		(766)
Derivative assets and derivative liabilities			$	334	$	4			$	445	$	12

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(1) Amounts represent the application of the netting requirements that allow the Bank to settle positive and negative positions, and also cash collateral and related accrued interest held or placed with the same clearing agents and/or counterparty. Cash collateral posted, including accrued interest, was $541 and $1,046 as of December 31, 2025 and 2024, respectively. Cash collateral received including accrued interest, was $12 and $33 as of December 31, 2025 and 2024, respectively.

Net Gains (Losses) on Fair Value Hedging Relationships

The following tables present the net gains (losses) on fair value hedging relationships.


	For the Year Ended December 31, 2025
	Interest Income (Expense)
	Advances		Available-for-sale Securities		Consolidated Obligation Bonds		Consolidated Obligation Discount Notes
Total interest income (expense) reported on the Statements of Income	$	4,605	$	325	$	(4,904)	$	(1,267)
Gains (losses) on fair value hedging relationships
Changes in fair value:
Derivatives (1)	$	(119)	$	(61)	$	32	$	1
Hedged items (2)	351		84		(501)		(4)
Net gains (losses) on fair value hedging relationships	$	232	$	23	$	(469)	$	(3)


	For the Year Ended December 31, 2024
	Interest Income (Expense)
	Advances		Available-for-sale Securities		Consolidated Obligation Bonds		Consolidated Obligation Discount Notes
Total interest income (expense) reported on the Statements of Income	$	5,467	$	179	$	(6,076)	$	(1,210)
Gains (losses) on fair value hedging relationships
Changes in fair value:
Derivatives (1)	$	599	$	94	$	(377)	$	(15)
Hedged items (2)	(132)		(64)		(741)		(2)
Net gains (losses) on fair value hedging relationships	$	467	$	30	$	(1,118)	$	(17)


	For the Year Ended December 31, 2023
	Interest Income (Expense)
	Advances		Available-for-sale Securities		Consolidated Obligation Bonds		Consolidated Obligation Discount Notes
Total interest income (expense) reported on the Statements of Income	$	6,681	$	79	$	(6,617)	$	(1,798)
Gains (losses) on fair value hedging relationships
Changes in fair value:
Derivatives (1)	$	104	$	(54)	$	(304)	$	5
Hedged items (2)	366		59		(1,015)		(13)
Net gains (losses) on fair value hedging relationships	$	470	$	5	$	(1,319)	$	(8)

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(1) Includes changes in fair value and net interest settlements and excludes the interest income (expense) of the respective hedged item.

(2) Includes changes in fair value and amortization and accretion of basis adjustments.

Cumulative Basis Adjustments for Fair Value Hedges

The following tables present the total basis adjustments on hedged items designated as fair value hedges and the related amortized cost of the hedged items.


	As of December 31, 2025
	Advances		Available-for-sale Securities		Consolidated Obligations Bonds		Consolidated Obligations Discount Notes
Amortization cost of hedged asset or liability(1)	$	23,557	$	8,908	$	36,918	$	39,888
Fair value hedging adjustments:
Basis adjustments for active hedging relationships included in amortized cost	$	(120)	$	79	$	(204)	$	9
Basis adjustments for discontinued hedging relationships included in amortized cost	1		—		(6)		—
Total amounts of fair value hedging basis adjustments	$	(119)	$	79	$	(210)	$	9


	As of December 31, 2024
	Advances		Available-for-sale Securities		Consolidated Obligations Bonds		Consolidated Obligations Discount Notes
Amortization cost of hedged asset or liability(1)	$	24,840	$	4,791	$	49,795	$	20,654
Fair value hedging adjustments:
Basis adjustments for active hedging relationships included in amortized cost	$	(478)	$	(5)	$	(700)	$	5
Basis adjustments for discontinued hedging relationships included in amortized cost	(3)		—		(11)		—
Total amounts of fair value hedging basis adjustments	$	(481)	$	(5)	$	(711)	$	5

____________

(1) Includes only the portion of amortized cost representing the hedged items in active or discontinued fair value hedging relationships. Amortized cost includes fair value hedging adjustments.

Derivatives Not Designated as Hedging Instruments [Table Text Block]

Offsetting of derivative assets and liabilities

The following table presents the fair value of derivative instruments meeting or not meeting netting requirements, including the related collateral received from or pledged to counterparties.


	As of December 31,
	2025				2024
	Derivative Assets		Derivative Liabilities		Derivative Assets		Derivative Liabilities
Gross recognized amount:
Uncleared derivatives	$	81	$	297	$	185	$	770
Cleared derivatives	23		6		13		8
Total gross recognized amount	104		303		198		778
Gross amounts of netting adjustments and cash collateral:
Uncleared derivatives	(73)		(293)		(177)		(758)
Cleared derivatives	303		(6)		424		(8)
Total gross amounts of netting adjustments and cash collateral:	230		(299)		247		(766)
Net amounts after netting adjustments and cash collateral:
Uncleared derivatives	8		4		8		12
Cleared derivatives	326		—		437		—
Total net amounts after netting adjustments and cash collateral	$	334	$	4	$	445	$	12

Federal Home Loan Bank of Atlanta 10-K