Federal Home Loan Bank of Chicago: reports issuance of consolidated obligations

What happened

• The filing reports that the Federal Home Loan Bank of Chicago filed under Item 2.03 the creation of a direct financial obligation by reporting consolidated obligations for which the Bank is the primary obligor. The filing includes Schedule A listing consolidated obligation bonds and discount notes committed to be issued on the trade dates shown.

Key details

• Schedule A shows consolidated obligations with bank par totaling $1,015,000,000, consisting of: $155,000,000 (trade date Oct 19, 2026, CUSIP 3130BCNC3), $500,000,000 (trade date Oct 19, 2026, CUSIP 3130BCNE9), $150,000,000 (trade date Oct 19, 2026, CUSIP 3130BCNF6), $200,000,000 (trade date Oct 19, 2026, CUSIP 3130BCNG4) and $10,000,000 (trade date Oct 20, 2026, CUSIP 3130BCP56).
• The four obligations with larger par amounts are non-callable variable single index floaters (no coupon percent listed). The $10,000,000 obligation is an optional principal redemption bond (Bermudan call), fixed constant rate, 5.50% coupon, settlement Oct 29, 2026, maturity Oct 29, 2031, next call date Oct 29, 2027.
• The filing reiterates that consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks, are issued through the Office of Finance, are authorized under FHFA regulation, and are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government.
• The filing notes Schedule A excludes consolidated obligation discount notes with maturity of one year or less issued in the ordinary course, does not address interest-rate exchange agreements or other derivatives, and that par amounts on Schedule A may not match amounts in GAAP financial statements.

Why it may matter

• The filing reports Item 2.03 (creation of a direct financial obligation), which covers the issuance or assumption of consolidated obligations for which the Bank is the primary obligor and provides the trade dates, CUSIPs, settlement and maturity dates, rate types and principal amounts for the listed obligations. This filing does not show why the insider traded or why the company acted.