Federal Home Loan Bank of Chicago 8-K

What Happened
The Federal Home Loan Bank of Chicago filed a Form 8‑K (Item 2.03) on January 20, 2026, reporting multiple consolidated obligation bonds committed to be issued where the Bank is the primary obligor. Schedule A lists committed bond trades with trade dates from January 14–16, 2026, totaling $215,000,000 in par amount at issuance. The filing was signed by Michael Palumbo, Vice President.

Key Details

• Total par amount reported on Schedule A: $215,000,000 (par amounts as shown on the trade dates).
• Coupon range: 4.05% to 5.35% (fixed, constant-rate bonds).
• Maturities range from January 23, 2031 to January 22, 2046.
• Call features: primarily optional principal redemption (American or Bermudan call styles); next call dates vary by issue.
• Regulatory note: consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks, are not U.S. government guaranteed, and FHFA may require one Bank to repay obligations for which another is the primary obligor. Schedule A excludes short-term discount notes (≤1 year) and does not include related derivatives or fully reflect total consolidated obligations outstanding.

Why It Matters
This filing discloses the Bank’s recent debt issuance activity and the specific bonds for which it is the primary obligor. For investors, these items show how the Bank is funding operations and the timing, size, interest costs, and callability of new long-term debt. Because consolidated obligations are joint obligations of all Federal Home Loan Banks and are not government‑guaranteed, these issuances relate to the Bank’s funding profile and contractual repayment responsibilities disclosed in its SEC reports.