Thrifts and Mortgage Finance
Company Overview of Federal Home Loan Bank of Chicago
Federal Home Loan Bank of Chicago provides credit to members principally in the form of secured loans in Illinois and Wisconsin, the United States. It offers various fixed-and adjustable-rate advances, such as fixed-rate, variable-rate, putable, callable, open-line, and fixed amortizing advances. The company also provides deposit products, including demand, overnight, and term deposits; and letters of credit to facilitate residential housing finance and community lending, as well as for liquidity and asset-liability management purposes. In addition, it offers liquidity for home mortgage loans to members approved as participating financial institutions through the Mortgage Partnership Finance...
200 East Randolph Drive
Chicago, IL 60601
Key Executives for Federal Home Loan Bank of Chicago
Chief Executive officer and President
Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Financial Information
Head of Mortgage Partnership Finance Program and Executive Vice President
Executive Vice President of Members and Markets
Executive Vice President, General Counsel and Corporate Secretary
Compensation as of Fiscal Year 2014.
Federal Home Loan Bank of Chicago Key Developments
Federal Home Loan Bank of Chicago Approves Amendments to Bylaws
Mar 30 15
On March 24, 2015, the board of directors of the Federal Home Loan Bank of Chicago approved and adopted certain amendments to the Bank's bylaws, which became effective on that same date. The bank's amended bylaws effect the following substantive changes: Removal of Article IV from the bylaws, which addressed the executive and governance committee of the bank's board of directors, since such provisions have been integrated into a stand-alone executive and governance committee charter; removal of references to the bank providing an annual report, which is a practice no longer observed; clear provisions for the use of telephonic meetings; an integrated notice section for all board and board committee meetings; provisions for electronic voting; emergency bylaws; and general enhancements to consistency across sections of the bylaws.
Federal Home Loan Bank of Chicago Announces Preliminary Unaudited Earnings Results for the Year Ended December 31, 2014
Feb 12 15
Federal Home Loan Bank of Chicago announced preliminary unaudited earnings results for the year ended December 31, 2014. For the year, the company reported net interest income of $528 million against $452 million a year ago. Net income was $392 million against $343 million a year ago.
Federal Home Loan Bank of Chicago Declares Cash Dividend for the Fourth Quarter of 2014, Payable on February 12, 2015
Jan 27 15
The board of directors of the Federal Home Loan Bank of Chicago has declared a cash dividend for both the average Class B1 activity-based capital stock (activity stock) and average Class B2 membership-based capital stock (membership stock), based on the Bank's preliminary financial results for the fourth quarter of 2014. The company announced that the dividend declared per share of Class B1 activity stock increased 25 basis points to an annualized rate of 2.25%. The dividend declared per share of Class B2 membership stock remains at an annualized rate of 0.50%. The board of directors increased the dividend per share of Class B1 activity stock to recognize members that utilize FHLBC advances; this activity contributes to the overall health of the entire cooperative. The dividend will be paid on February 12, 2015.
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