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 the states of Illinois and Wisconsin, the United States. It offers various fixed-and adjustable-rate advances, such as fixed-rate, variable-rate, putable, callable, open-line, fixed amortizing, and fixed rate with floating spread 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 instit...
200 East Randolph Drive
Chicago, IL 60601
Key Executives for Federal Home Loan Bank of Chicago
Chief Executive officer and President
Chief Financial Officer, Group Head of Financial Information and Executive Vice President
Group Head of Mortgage Partnership Finance Group & Project Management Office and Executive Vice President
Executive Vice President of Members and Markets
Chief Risk Officer and Executive Vice President
Compensation as of Fiscal Year 2016.
Federal Home Loan Bank of Chicago Key Developments
Federal Home Loan Bank of Chicago Announces Board Elections
Sep 20 16
On September 19, 2016, the following incumbent directors were declared directors-elect to serve as member directors of the Board of Directors of the Federal Home Loan Bank of Chicago. James T. Ashworth, Vice Chairman of CNB Bank & Trust, N.A., Carlinville, Illinois, declared elected to serve a four-year term beginning January 1, 2017 and ending December 31, 2020. Michelle L. Gross, Executive Vice President/Chief Operating Officer, Information Systems Officer and Director of the State Bank of Bement in Bement, Illinois, declared elected to serve a four-year term beginning January 1, 2017 and ending December 31, 2020. Mr. Ashworth and Ms. Gross were declared directors-elect to the Board in accordance with the rules governing the election of Federal Home Loan Bank member directors specified in the Federal Home Loan Bank Act and the related regulations of the Federal Housing Finance Agency (FHFA). At the time of filing, Mr. Ashworth serves on the following Board committees of the Bank: Affordable Housing (Chairman), Executive & Governance (Alternate), and Human Resources & Compensation (Vice Chairman). At the time of filing, Ms. Gross serves on the following Board committees of the Bank: Operations & Technology and Risk Management. The Board has not yet determined on which committees each of these directors will serve beginning in 2017.
Federal Home Loan Bank of Chicago Declares Dividend Payable on August 15, 2016
Jul 21 16
The Board of Directors of the Federal Home Loan Bank of Chicago declared on July 21, 2016, a dividend of 2.80% (annualized) for Class B1 activity capital stock and a dividend of 0.60% (annualized) for Class B2 membership capital stock. The dividend will be paid by crediting account on August 15, 2016.
Federal Home Loan Bank of Chicago Reports Preliminary Unaudited Earnings Results for the Second Quarter and Year to Date Ended June 30, 2016
Jul 21 16
Federal Home Loan Bank of Chicago reported preliminary unaudited earnings results for the second quarter and year to date ended June 30, 2016. For the quarter, the company's interest income was $317 million compared to $309 million a year ago. Net interest income was $111 million compared to $121 million a year ago. Net income was $104 million compared to $97 million a year ago.
For the year to date, the company's interest income was $635 million compared to $630 million a year ago. Net interest income was $231 million compared to $251 million a year ago. Net income was $173 million compared to $180 million a year ago.
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