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| Maturity: |
One day, automatically renewable. |
| Minimum Size : |
None. |
| Interest Rate: |
Set daily at the end of business based on the actual Federal Funds rate earned by the FHLBC. Interest is payable and charged to the member's DID account on the fifth calendar day of each month using the following business day convention. |
| Federal Funds: |
The rate per annum for overnight Federal Funds as determined at the close of business by the Federal Home Loan Bank of Chicago in its discretion. Depending on market dynamics, Federal Funds rate as determined by the FHLBC may differ from the Federal Reserve's target rate. |
| Day Count Fraction: |
Actual/360. |
| Prepayment: |
Not applicable. |
| Availability: |
Immediate, verbal activation and cancellation before 3 p.m. (Chicago time.) |
| Commitment: |
Not applicable. |
| CICA : |
Not available. |
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