Board of Directors

The Federal Home Loan Bank of Chicago's Board of Directors is responsible for overall management and oversight of the Bank pursuant to the Federal Home Loan Bank Act. Like each of the other Federal Home Loan Banks, our Board of Directors is composed of two types of directors: member and independent. For 2018, there are currently ten directors elected by our members and serve to represent our members in Illinois and Wisconsin. For 2018, there are currently eight independent directors, whose positions are filled through a District-wide nomination and election process. Generally directors serve four-year terms.

Read the Charter for the Audit Committee of the Board of Directors; click here.

View our Board of Directors

Executive Team

The Executive Team of the FHLBank Chicago provides overall strategy and coordination of the Bank's management.

View our Executive Team

Community Investment Advisory Council

The Community Investment Advisory Council of the FHLBank Chicago consists of representatives from community and nonprofit organizations actively involved in providing or promoting affordable housing and/or community lending in Illinois or Wisconsin. The Advisory Council meets quarterly with representatives from the FHLBank Chicago's Board of Directors to advise the FHLBank Chicago on ways in which it can better carry out its housing finance and community investment missions. Nominations to the Advisory Council are accepted annually.

View our Community Investment Advisory Council

Code of Ethics and Reporting Concerns about Alleged Unethical Conduct

The Federal Home Loan Bank of Chicago is committed to the highest possible standards of honesty, integrity, impartiality, and conduct. The maintenance of these high standards is essential to ensure the proper performance of the Bank’s business and fosters confidence in the Bank and the Federal Home Loan Bank system. To ensure that both our employees and our vendors operate following these ethical standards, the FHLBank Chicago has adopted the Whistleblower and Accounting and Auditing Complaint Policy and Procedure and the  Federal Home Loan Bank of Chicago Code of Ethics.

If you discover a potential violation involving safety, ethics, theft, unauthorized destruction of FHLBank Chicago records, or material error in reporting that could harm the FHLBank Chicago or its employees, members, vendors, or suppliers, you are encouraged to report your concerns to EthicsPoint.

All reports made via EthicsPoint are completely anonymous and individuals filing reports are protected by applicable whistleblower laws.

To communicate concerns about possible unethical or illegal activities, you may either make a report by telephone or via the web:

  • To file a report by telephone, please call 866-294-5579.
  • To file a report via the web, log onto

In compliance with the applicable Financial Crimes Enforcement Network regulations (31 C.F.R. Part 1030), the FHLBank Chicago has adopted its Anti-Money Laundering, Bank Secrecy Act, and Suspicious Activity Reporting Policy (AML Policy). The AML Policy includes fraud detected in dealings with our members, vendors, and suppliers. The FHLBank Chicago expects that all of its members, vendors, and suppliers will report any instances of fraud or suspicious activity involving the FHLBank Chicago. Such reports should be made either to EthicsPoint or directly to the FHLBank Chicago’s AML Compliance Officer, Laura Turnquest, at 312-565-5340.

Anti-Predatory Lending Policy

To read the FHLBank Chicago's anti-predatory lending policy, click here.


To read the FHLBank Chicago's bylaws, click here.

Governance and Control Assurance Program

To request a copy of the FHLBank Chicago’s Governance and Control Assurance Program document, email us at Please include your institution’s name in the request.