Discounted Advance Rates Available April 1 - June 28
Spring is here and the Federal Home Loan Bank of Chicago (FHLBank Chicago) is excited to offer you special pricing on 1-month and 3-month A121 Fixed Rate, Fixed Term Advances to meet your seasonal funding needs.
A121 Spring Pricing Specials Available April 1 – June 28:
|
Tenor |
Example Rate* |
Discount |
Example Rate Special |
Example Rate Special After Dividend** |
Minimum Size |
|
1-month |
2.59% |
5 bps |
2.54% |
2.42% |
$15 million |
|
3-month |
2.61% |
5 bps |
2.56% |
2.44% |
$15 million |
* Example rate as of March 27, 2019.
**Reflects Class B1 stock dividend as a reduction to the special advance rate, based on the 5.00% dividend rate paid in Q1 2019, an opportunity cost of buying stock (estimated to be the Q4 2018 average of the U.S. Federal Funds Effective Rate of 2.22%), and 4.5% advance capitalization. For illustration purposes only.
Please refer to the Daily Rate Indications and Morning Market Update emails for the most up-to-date rate specials.
These specials are unavailable on eBanking. To execute, you must call the Member Transaction Desk at 855-345-2244, option 1, before 10:00 a.m. to receive the discounted prices. The FHLBank Chicago may adjust or discontinue the discount depending on market conditions.
Contact your sales director to learn more.