To our members:
We are reaching out given the anticipated market volatility during the week ahead. We want to reaffirm that FHLBank Chicago is ready and committed to fulfill our mission of being a stable and reliable source of liquidity to our members.
We are prioritizing your liquidity over discretionary investment activities in the event of higher member demand. Also, we do not expect any changes in our ability to offer advances across various terms to maturity, but there might be some pricing volatility intraday.
We encourage you to:
- Make your funding requests as early as possible each day.
- Remember that our ability to provide consistent same day funding ends after 3 p.m. CT and is on a best efforts basis afterward.
- Reminder that the daily cutoff for wire transfers is 4 p.m. CT.
- Ensure you have sufficient collateral pledged to meet potential liquidity and funding needs. If you have any questions or need further assistance, please reach out to your sales director.
We are committed to using our financial strength to support you and your communities through all economic cycles as we have done for the last 90 years. We are embarking on our regional member meetings this week in your communities and look forward to hearing from you throughout the month.
President and CEO