We have received approval from our Board of Directors and our regulator, the Federal Housing Finance Agency, to implement changes to our capital plan that we believe will make it easier for you to do business with us and that may lower the overall cost of borrowing for members that use advances for long-term funding and short-term liquidity. The amended capital plan is effective July 1, 2013.
Please read the letter from Matt Feldman, FHLBC President and CEO. The letter describes the key changes to the plan and contains webinar information. Also included is the Amended and Restated Capital Plan in its entirety.