FHLBank Chicago Pricing Specials 


See the table below for a quick breakdown of our current Advance pricing specials: 

Advance Specials
Early Bird Discounts2 bpsA120 Short-TermMust be submitted before 10 a.m.
Term: <=27 days
A121 Fixed-Rate AdvanceMust be submitted before 10 a.m.
Term: 1-month and 3-month
No minimum
Longer-Term Advance Specials5 bps
A121 Fixed-Rate AdvanceMinimum Principal Per Advance: $1M
Term: 6 Months -10 years
Forward Starting: Up to 1 year for advances greater than 1-year term.
A290 Fixed-Rate AmortizedMinimum Principal Per Advance: $1M
Term: 5-20 years
Forward Starting: Up to 1 year
A122 Callable Fixed-Rate AdvanceMinimum Principal Per Advance: $1M
Term: 2-5 years
Forward Starting: Up to 1 year

To execute, please contact our Member Transactions Desk (MTD) at 855.345.2244, option 1. For more information, the details of each special are below. 

Early Bird Discounts

We are offering an early bird discount of 2 basis points (bps) pricing discount from our regular advance rate for certain advances executed before 10 a.m.:

  • Short Term Advances (A120)
  • Fixed Rate, Fixed Term Advances with 1- and 3-month maturities (A121)

Now you can earn additional pricing discounts when your A120 advance borrowing amounts are higher than $250 million. This additional pricing discount results in a negative cost of funds, factoring in the dividend and discount on advance rate!

A120 Price ComparisonsRegular Rate (as of 11/10/22)Discounted Rates (as of 11/10/22)All-In Rate Cost of Funds*
Any size after 10 a.m.3.890%3.890%3.700%
Early Bird: < $250 million3.890%3.870%3.680%
Early Bird: >= $250 million3.890%3.860%3.670%
Early Bird: >= $1 billion3.890%3.855%3.665%
Early Bird: >= $2 billion3.890%3.850%3.660%
*All-in rate cost of funds factors in pricing discount and dividend earned on B1 activity stock at a projected rate of 6.50% for Q4 2022 payable in Q1 2023

Some of these advances can be executed on eBanking. Pricing specials on advances greater than $250M must be called in. These rates and pricing discounts can change daily - please contact MTD for the most current rate at 855.345.2244, option 1.

Long-Term Advance Special Discounts

We have extended and expanded our existing five basis point long-term advance discount program. The daily maximum limit is $30 million across all three specials.

  • All advances must be fully capitalized and are not eligible for the Reduced Capitalization Advance Program (RCAP).
  • Members may execute multiple specials in a day, but individual terms apply and discounts cannot be combined.
  • Daily maximum of $30 million principal value inclusive of all three specials.
  • Eligible February 23, 2023.

Terms and conditions are subject to change and are updated here. These advance specials are not eligible for RCAP. Current advance rates pre-discount can be found on the daily rate sheet. To execute, you must call MTD at 855.345.2244, option 1. Advances executed on eBanking are not eligible for the pricing discount.


Extended and Expanded MPF Traditional Pricing Special

Since our last Notes From the Mortgage Desk in May, the mortgage markets have continued to experience high volatility. Mortgage rates are up dramatically due to inflationary pressures and Fed actions, stifling home affordability for many buyers.

To alleviate some of the overall market pressure, we are extending our targeted pricing special announced in May and improving prices across all MPF Traditional products! The Mortgage Partnership Finance® (MPF) price specials could lead to a "bump" in price in certain note rates.

Pricing Special Details:

  • The pricing specials begin on September 15, 2022 and end on or before December 31, 2022
  • Improved pricing across all MPF Traditional products!
  • Extended: Additional price benefit for 30-year conforming loans that meets the following criteria:
    • Any loan size above $250K
    • Intended to include the prevailing mortgage rate, plus the two production rate below the mortgage rate, adjusted daily
  • All Participating Financial Institutions (PFIs) are eligible, subject to existing volume caps

Login to eMPF® to monitor the pricing benefits. Take advantage by simply executing a delivery commitment!



Contact your Sales Director for more information.

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The Federal Home Loan Bank of Chicago (FHLBank Chicago) makes no representations or warranties (express or implied) about the accuracy, currency, completeness, or suitability of any information provided on this page. The data and valuations provided on this page are for information purposes only and are provided as an accommodation and without charge. The information provided on this page is not intended to constitute legal, accounting, investment or financial advice or solicitation, or the rendering of legal, accounting, consulting, or other professional services of any kind. You should consult with your accountants, counsel, financial representatives, consultants and/or other advisors regarding the extent this information may be useful to you and with respect to any legal, tax, business and/or financial matters or questions. The information provided on this page may contain forward-looking statements which are based upon the FHLBank Chicago’s current expectations and speak only as of the date(s) thereof. These forward-looking statements involve risks and uncertainties including, but not limited to, the risk factors set forth in the FHLBank Chicago’s periodic filings with the Securities and Exchange Commission, which are available on its website at www.fhlbc.com. This page may provide relevant links to other outside web sites unrelated to FHLBank Chicago. FHLBank Chicago is not responsible for such linked sites nor the content of any of the linked sites. You understand that when going to a third-party web site, that site is governed by the third party’s privacy policy and terms of use, and the third party is solely responsible for the content and offerings presented on its website.

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