Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 26, 2015 1:23 AM ET

Thrifts and Mortgage Finance

Company Overview of Federal Home Loan Bank of Chicago

Company Overview

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

United States

390 Employees

Phone:

312-565-5700

Key Executives for Federal Home Loan Bank of Chicago

Chief Executive officer and President
Age: 60
Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Financial Information
Age: 53
Head of Mortgage Partnership Finance Program and Executive Vice President
Age: 57
Executive Vice President of Members and Markets
Age: 42
Executive Vice President, General Counsel and Corporate Secretary
Age: 60
Compensation as of Fiscal Year 2014.

Federal Home Loan Bank of Chicago Key Developments

Federal Home Loan Bank of Chicago Approves Amendments to Bylaws

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

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

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.

Similar Private Companies By Industry

Company Name Region
SB Financial, Inc. United States
Sistersville Bancorp Inc. United States
Herring Financial Services, Inc. United States
Republic Mortgage Insurance Company of North Carolina United States
New York Community Capital Trust V United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Federal Home Loan Bank of Chicago, please visit www.fhlbc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.