December 20, 2014 11:33 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

391 Employees

Phone:

312-565-5700

Key Executives for Federal Home Loan Bank of Chicago

Chief Executive officer and President
Age: 60
Chief Financial Officer
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
Age: 60
Compensation as of Fiscal Year 2014.

Federal Home Loan Bank of Chicago Key Developments

Federal Home Loan Bank of Chicago Elects David R. Pirsein as Member of Board of Director

On November 13, 2014, the Federal Home Loan Bank of Chicago announced that the directors have been elected to its Board as member directors. David R. Pirsein, President and Chief Executive Officer of First National Bank in Pinckneyville, Pinckneyville, Illinois was newly elected to serve a four-year term on the Board beginning January 1, 2015 and ending December 31, 2018.

Federal Home Loan Bank of Chicago Announces Resignation of Thomas M. Goldstein from the Board of Directors, Effective November 30, 2014

On November 3, 2014, the Federal Home Loan Bank of Chicago received notification from Thomas M. Goldstein that he is resigning from the Bank's Board of Directors, effective November 30, 2014.

Federal Home Loan Bank of Chicago Declares Cash Dividend for the Third Quarter of 2014, Payable on November 13, 2014

On October 28, 2014, the Federal Home Loan Bank of Chicago announced that the bank's board of directors has declared a cash dividend at an annualized rate of 2.00% per share of Class B1 activity-based capital stock and 0.50% per share of Class B2 membership-based capital stock, based on the bank's preliminary financial results for the third quarter of 2014. The dividend declared per share of Class B1 activity stock is at an annualized rate of 2.00%. The dividend declared per share of Class B2 membership stock is at an annualized rate of 0.50%. This quarter, the board of directors increased the dividend per share of Class B1 activity stock from 1.50% to 2.00% to acknowledge that members, through their utilization of FHLBC advances, provide support to the entire cooperative. The dividend will be paid by crediting the shareholder account on November 13, 2014.

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