Fixed Rate Advances | FHLBank Chicago

A fixed interest rate can help financial institutions meet liquidity needs, manage the balance sheet, and mitigate interest-rate risk. The Federal Home Loan Bank of Chicago offers Fixed Rate Advances in a variety of structures and terms, allowing members to tailor their mix of liabilities to fit any management strategy.

Advance Rate Alert

Features	Short Term	Fixed Rate, Fixed Term	Callable Fixed Rate	Putable Fixed Rate*	Fixed Rate Amortizer	Callable Fixed Rate Amortizer*	Expander/ Extender*
Advance Code	A120	A121	A122	A123	A290	A270	A500
Minimum Size			$5mm	$5mm		$5mm	$1mm
Term	1–27 days	28 days– 30 years	1–15 years	2 days– 10 years	1–30 years	1–30 years	1–20 years
Term Extension Option							•
Same-Day Funding (prior to 3:00 p.m.)	•	•	•	•	•	•	•
Available for Community Advances		•	•		•	•
Rate Type	Fixed	Fixed	Fixed	Fixed	Fixed	Fixed	Fixed
Principal Repayment	At maturity	At maturity	At maturity	At maturity	Defined schedule	Defined schedule	At maturity
Principle Expansion Option							2x
Prepayment Fee	•	•	•	•	•	•	•
Symmetrical Prepayment Feature		•	•		•	•	•
Put Option Owned by FHLBank Chicago				•
Call Option Owned by Member			•			•
Activity Stock	4.5% or 2%	4.5% or 2%	4.5% or 2%	4.5% or 2%	4.5% or 2%	4.5% or 2%	4.5%
Benefits	Liquidity	Laddered /barbell funding, hedge interest-rate risk	Funding, hedge prepayment risk, hedge interest-rate risk	Below-market funding	Match funding, blended funding	Match funding, blended funding	Hedge asset duration and deposit run-off

*Beginning on December 31, 2021, transactions of new advance products with a LIBOR component have been suspended.

For additional information on advance products and terms, please contact your Sales Director or review the Member Products Guide. Product terms above are subject to change. Other terms may be available upon request.