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COMMITMENTS AND CONTINGENT LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Activity of Funding Agreements | The table below summarizes the Company’s activity of funding agreements with the FHLB. Change in FHLB Funding Agreements during the Year Ended December 31, 2022
| Outstanding Balance at December 31, 2021 |  | Issued During the Period |  | Repaid During the Period |  | Long-term Agreements Maturing Within One Year |  | Long-term Agreements Maturing Within Five Years |  | Outstanding Balance at December 31, 2022
| (in millions)
Short-term funding agreements: |  |  |  |  |  |  |  |  |  |  |
Due in one year or less | $ | 5,353 |  |  | $ | 54,316 |  |  | $ | (53,790) |  |  | $ | 251 |  |  | $ | — |  |  | $ | 6,130 |
Long-term funding agreements: |  |  |  |  |  |  |  |  |  |  |
Due in years two through five | 1,290 |  |  | 640 |  |  | — |  |  | (251) |  |  | — |  |  | 1,679 |
Due in more than five years | — |  |  | 692 |  |  | — |  |  | — |  |  | — |  |  | 692 |
Total long-term funding agreements | 1,290 |  |  | 1,332 |  |  | — |  |  | (251) |  |  | — |  |  | 2,371 |
Total funding agreements (1) | $ | 6,643 |  |  | $ | 55,648 |  |  | $ | (53,790) |  |  | $ | — |  |  | $ | — |  |  | $ | 8,501 |
_____________ (1)The $4 million and $4 million difference between the funding agreements carrying value shown in fair value table for December 31, 2022 and 2021, respectively, reflects the remaining amortization of a hedge implemented and closed, which locked in the funding agreements borrowing rates. The table below summarizes Equitable Financial’s activity of funding agreements under the FABN program. Change in FABN Funding Agreements during the Year Ended December 31, 2022
| Outstanding Balance at December 31, 2021 |  | Issued During the Period |  | Repaid During the Period |  | Long-term Agreements Maturing Within One Year |  | Long-term Agreements Maturing Within Five Years |  |  |  | Foreign Currency Transaction Adjustment |  | Outstanding Balance at December 31, 2022
| (in millions)
Short-term funding agreements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due in one year or less | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,500 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 1,500 |
Long-term funding agreements: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due in years two through five | 4,600 |  |  | 400 |  |  | — |  |  | (1,500) |  |  | 500 |  |  |  |  | — |  |  | 4,000 |
Due in more than five years | 2,119 |  |  | — |  |  | — |  |  | — |  |  | (500) |  |  |  |  | (34) |  |  | 1,585 |
Total long-term funding agreements | 6,719 |  |  | 400 |  |  | — |  |  | (1,500) |  |  | — |  |  |  |  | (34) |  |  | 5,585 |
Total funding agreements (1) | $ | 6,719 |  |  | $ | 400 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | (34) |  |  | $ | 7,085 |
_____________ (1)The $66 million and $70 million difference between the funding agreements notional value shown and carrying value table as of December 31, 2022 and 2021, respectively, reflects the remaining amortization of the issuance cost of the funding agreements and the foreign currency transaction adjustment.

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- Definition Tabular disclosure of advances made and reported by Federal Home Loan Bank (FHLBank). + References No definition available. + Details
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