Federal Home Loan Bank of Chicago: reports consolidated obligations totaling $4,495,000,000

What happened

• The Federal Home Loan Bank of Chicago reported that it committed to be the primary obligor on 18 consolidated obligations with a par amount totaling $4,495,000,000, with trade dates between Oct 14, 2026 and Oct 28, 2026.
• The filing notes that consolidated obligations, which consist of bonds and discount notes, are by regulation 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 and are not guaranteed by the United States government.

Key details

• 18 consolidated obligations listed on Schedule A, par amounts sum to $4,495,000,000.
• Trade dates: Oct 14, 2026 through Oct 28, 2026; settlement and maturity dates vary, with maturities shown from Jan 15, 2027 through Oct 20, 2036.
• Security types include variable single index floaters and fixed constant coupons; several bonds are callable (optional principal redemption) with various call styles (American, Bermudan, European).
• Schedule A excludes consolidated obligation discount notes with a maturity of one year or less issued in the ordinary course of business and reports par amounts that may not match GAAP amounts.

Why it may matter

• Item reported: Item 2.03 — creation of a direct financial obligation (issuance or assumption of consolidated obligations for which the Bank is the primary obligor). The item covers commitments to issue bonds and discount notes and describes reporting limitations in Schedule A (exclusion of short-term discount notes, no reflection of related derivatives, and par amounts not adjusted for discounts or premiums).
  This filing does not show why the company acted or why any insider may have traded.