The Federal Home Loan Bank of Chicago is one of 11 Federal Home Loan Banks (FHLBanks) created by Congress in 1932. It operates as a government-sponsored enterprise and a cooperative, owned by its member institutions which include commercial banks, credit unions, insurance companies, and community development financial institutions. Its core mission is to provide a reliable source of liquidity to its members to support mortgage lending, affordable housing, and community economic development. The Bank raises funds in the global capital markets and provides these funds to members through various credit products known as "advances."

Founded in

United States