Federal Home Loan Bank Of Chicago Email & Phone number of top level executives

Federal Home Loan Bank Of Chicago

Banking

Federal Home Loan Bank of Chicago is a US federally chartered bank that operates as a wholesale bank, providing member institutions with access to funding and liquidity to support mortgage lending, economic development, and affordable housing initiatives. Founded in 1932, it operates as a cooperative, owned by its member banks and thrifts, serving members in Illinois and Wisconsin. It provides collateralized loans, letters of credit, and other credit-related products to its members who are eligible depository institutions. The bank also manages an affordable housing program and funds community development projects in its member districts. The aim of the bank is to secure a better quality of living for residents of its states by increasing the availability of funds for housing construction and community development.