Using a Letter of Credit from the FHLBC allows members to leverage our Aaa/AA+ credit rating at a competitive price.

Benefits to Members:

• Provide liquidity by serving as an alternative form of collateral;

• Help members manage asset/liability positions;

• Improve bond-related transaction costs;

•Allow smaller members to compete with larger, rated banks and grow fee income; and

• Provide project financing opportunities that support community economic development and affordable housing projects.

Examples of Use:

• Collateralize Public Units of Deposit;

• Credit enhance bond financings;

• Financial and performance guarantees;

Pricing:
Please contact the Member Transaction Desk at (877) 230-1610 for current pricing for letters of credit.

Getting Started is Easy:
Completing the application is straightforward, and the FHLB Chicago Member Transaction Desk
(877) 230-1610 is available to guide you through the process. In addition, forms are available on our members-only website, eBanking.

For More Information:
For more information on Letters of Credit, please read our brochure. If you would like to talk to a member of our staff about the FHLBC's Letters of Credit, contact the Member Transaction Desk at (877) 230-1610.