Federal Home Loan Bank of Chicago: consolidated obligations of $4,173,400,000

What happened

• The Federal Home Loan Bank of Chicago filed an 8-K on Oct 14, 2026 reporting the creation of a direct financial obligation: consolidated obligations the Bank committed to issue on trade dates Oct 7 to Oct 9, 2026.
• The filing states consolidated obligations consist of bonds and discount notes that are the joint and several obligations of the eleven Federal Home Loan Banks, are sold through the Office of Finance, and are backed only by the financial resources of the eleven Federal Home Loan Banks (not guaranteed by the United States government).

Key details

• Item reported: Item 2.03, creation of a direct financial obligation (consolidated obligations).
• Schedule A lists consolidated obligations with trade dates Oct 7 to Oct 9, 2026, settlement dates Oct 8 to Oct 21, 2026, and maturities ranging from Mar 8, 2027 to Oct 19, 2046.
• Par amounts reported on Schedule A total $4,173,400,000. Individual par amounts include $890,000,000, $505,000,000, $500,000,000 (multiple entries), $423,000,000, $250,000,000, $70,400,000, $25,000,000 and $10,000,000.
• Rate types reported include variable single index floaters for many issues and two fixed constant-rate bonds with coupons of 7.00% ($10,000,000 par) and 6.85% ($25,000,000 par); some fixed bonds are callable (optional principal redemption, American).

Why it may matter

• The filing reports Item 2.03, which covers the Bank’s issuance or commitment to issue consolidated obligations (debt securities used to raise funds) and explains regulatory features such as FHFA authority and the joint-and-several nature of consolidated obligations. The filing does not show why the insider traded or why the company acted.