Board of Directors

The Federal Home Loan Bank of Chicago's Board of Directors is responsible for overall management and oversight of the Bank pursuant to the Federal Home Loan Bank Act. Like each of the other Federal Home Loan Banks, our Board of Directors is composed of two types of directors: member and independent. There are currently ten directors elected by our members and serve to represent our members in Illinois and Wisconsin. There are currently seven independent director positions, which are filled through a District-wide nomination and election process. All directors serve four-year terms.

Read the Charter for the Audit Committee of the Board of Directors; click here.

View our Board of Directors


Executive Team

The Executive Team of the FHLBank Chicago provides overall strategy and coordination of the Bank's management.

View our Executive Team


Community Investment Advisory Council

The Community Investment Advisory Council of the FHLBank Chicago consists of representatives from community and nonprofit organizations actively involved in providing or promoting affordable housing, community lending, and/or economic development in Illinois or Wisconsin. The Advisory Council meets quarterly with representatives from the FHLBank Chicago's Board of Directors to advise the FHLBank Chicago on ways in which it can better carry out its housing finance and community investment missions. Nominations to the Advisory Council are accepted annually.

View our Community Investment Advisory Council


Code of Ethics

The Federal Home Loan Bank of Chicago is committed to the highest possible standards of ethical, moral, and legal business conduct. The maintenance of these high standards is essential to ensure the proper performance of the Bank’s business and fosters confidence in the Bank and the Federal Home Loan Bank system. To ensure that both our employees and our vendors operate following these ethical standards, the FHLBank Chicago has adopted the Whistle-Blower and Accounting and Auditing Complaint Policy and Procedure and the Federal Home Loan Bank of Chicago Code of Ethics.

If you discover a potential violation involving safety, ethics, theft, unauthorized destruction of FHLBank Chicago records, or material error in reporting that could harm the FHLBank Chicago or its employees, shareholders, customers, or vendors, you are encouraged to report your concerns to EthicsPoint.

All reports made via EthicsPoint are completely anonymous and confidential, and individuals filing reports are protected by applicable whistleblower laws.

To communicate concerns about possible unethical or illegal activities, you may either make a report by telephone or via the web:

  • To file a report by telephone, please call 866-294-5579.
  • To file a report via the web, log onto www.EthicsPoint.com.

In support of the Code of Ethics and in compliance with the applicable Financial Crimes Enforcement Network regulations (31 C.F.R. Parts 1010 and 1030), the Bank has adopted its Anti-Money Laundering, Bank Secrecy Act, and Suspicious Activity Reporting Policy (AML Policy). The AML Policy includes fraud detected in dealings with our members, vendors, and suppliers. The FHLBank Chicago expects that all of its members, vendors, and suppliers will report any instances of fraud or suspicious activity involving the Bank. Such reports should be made either to EthicsPoint or directly to the Bank’s AML Compliance Officer, Laura Turnquest, at 312-565-5340.

Anti-Predatory Lending Policy

To read our anti-predatory lending policy, click here.

Governance and Control Assurance Program

To request a copy of the FHLBank Chicago’s Governance and Control Assurance Program document, email us at governancecontrols@fhlbc.com. Please include your institution’s name in the request.