Federal Home Loan Bank of Chicago 8-K

What Happened

• The Federal Home Loan Bank of Chicago filed a Form 8‑K on March 17, 2026 reporting that it committed to issue consolidated obligation bonds and notes (trade dates March 12–13, 2026) with a total par amount of $455,000,000. These securities were sold through the Office of Finance and include multiple fixed‑rate, callable issues with maturities ranging from 2027 to 2046.

Key Details

• Total par amount committed on Schedule A: $455,000,000 (various CUSIPs).
• Trade/settlement dates: trade dates March 12–13, 2026; settlements March 17, 2026 and March 30, 2026.
• Largest single commitment: $250,000,000 (CUSIP 3130B9WK2), maturity 6/17/2027, coupon 3.92%.
• Longest maturity: $25,000,000 (CUSIP 3130B9WA4), maturity 3/30/2046, coupon 5.50%.

Why It Matters

• Consolidated obligations are the primary funding vehicle for the Federal Home Loan Banks; these issues increase the Bank’s debt commitments as primary obligor. These securities are joint and several obligations of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government. The filing notes Schedule A excludes short‑term discount notes (≤1 year) and may not reflect changes in total consolidated obligations outstanding; investors should refer to the Bank’s periodic reports for the full outstanding totals and GAAP presentation.