Discounted Advance Rates Available April 1 - June 28

  • April 1, 2019

Spring is here and the Federal Home Loan Bank of Chicago (FHLBank Chicago) is excited to offer you special pricing on 1-month and 3-month A121 Fixed Rate, Fixed Term Advances to meet your seasonal funding needs.

A121 Spring Pricing Specials Available April 1 – June 28:

Tenor

Example Rate*

Discount

Example Rate Special

Example Rate Special After Dividend**

Minimum Size

1-month
(28 to 33 days)

2.59%

5 bps

2.54%

2.42%

$15 million

3-month
(87 to 94 days)

2.61%

5 bps

2.56%

2.44%

$15 million

* Example rate as of March 27, 2019.
**Reflects Class B1 stock dividend as a reduction to the special advance rate, based on the 5.00% dividend rate paid in Q1 2019, an opportunity cost of buying stock (estimated to be the Q4 2018 average of the U.S. Federal Funds Effective Rate of 2.22%), and 4.5% advance capitalization. For illustration purposes only.

Please refer to the Daily Rate Indications and Morning Market Update emails for the most up-to-date rate specials.

These specials are unavailable on eBanking. To execute, you must call the Member Transaction Desk at 855-345-2244, option 1, before 10:00 a.m. to receive the discounted prices. The FHLBank Chicago may adjust or discontinue the discount depending on market conditions.

Contact your sales director to learn more.

Contact Us

Please direct all media and investor inquiries to:

Erin Kopecky
Vice President, Director of Communications
312.565.5297
ekopecky@fhlbc.com