Board of Directors

The FHLBank 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 FHLBanks, our Board of Directors is composed of two types of directors: member and independent. For 2019, there are currently ten directors elected by our members and serve to represent our members in Illinois and Wisconsin. For 2019, there are currently eight independent directors, whose positions are filled through a District-wide nomination and election process. Generally 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 and/or community lending 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 and Reporting Concerns about Alleged Unethical Conduct

The Federal Home Loan Bank of Chicago is committed to the highest possible standards of honesty, integrity, impartiality, and 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 Whistleblower 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, members, vendors, or suppliers, you are encouraged to report your concerns to EthicsPoint.

All reports made via EthicsPoint are confidential and, if desired, anonymous, 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 compliance with the applicable Financial Crimes Enforcement Network regulations (31 C.F.R. Part 1030), the FHLBank Chicago 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 FHLBank Chicago. Such reports should be made either to EthicsPoint or directly to the FHLBank Chicago’s AML Compliance Officer, Laura Turnquest, at 312-565-5340.

Anti-Predatory Lending Policy

To read the FHLBank Chicago's anti-predatory lending policy, click here.

Bylaws

To read the FHLBank Chicago's bylaws, click here.

Governance and Control Assurance Program

The FHLBank Chicago is committed to building and maintaining an appropriate control environment for the risks undertaken by the Bank and appreciates the need for members and other business partners to receive assurance on these governance controls. Our Governance and Control Assurance Program (GCAP) oversees how the Bank manages risks associated with technology and vendor relationships; members and other business partners can access our GCAP document which covers the majority of areas addressed in an SSAE18 report. Other financial and risk information is addressed in our Securities and Exchange Commission (SEC) filings, which can be found on the SEC’s reporting website. Any items requested that are not covered by the GCAP, our Member Products Guide, MPF Program Guides for Participating Financial Institutions (PFIs), or our SEC filings are proprietary and we do not disclose them to our business partners.

To obtain a copy of the GCAP document, please fill out the form below. For additional information on the GCAP, please contact Thomas H.W. Harper, Executive Vice President and General Auditor, at GovernanceControls@fhlbc.com.

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