Special Long-Term Advance Restructuring Discounts Terms

May 11, 2021

Federal Home Loan Bank of Chicago (FHLBank Chicago) members who execute an advance restructure under the following conditions will receive a 5 basis point (bps) discount off the extension period of their advance:

  • Eligible through June 30, 2021.
  • Newly restructured advance must be fixed rate, fixed term.
  • The maturity date of the newly restructured advance must be at least three years greater than the maturity date of the original advance.
  • The principal amount must be greater than $3 million.
  • All advances must be fully capitalized and are not eligible for the Reduced Capitalization Advance Program (RCAP).
  • Members may execute multiple discount specials in a day, but individual terms apply and discounts cannot be combined.
  • Daily maximum of $50 million principal value inclusive of all special program discounts.


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Contact your Sales Director for more information.

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