Federal Home Loan Bank of Chicago

CIK:0001331451|SEC Filings

Condensed Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Condensed Statements of Income - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Interest income	$ 1,565	$ 1,592	$ 3,058	$ 3,080
Interest expense	1,313	1,355	2,572	2,607
Net interest income	252	237	486	473
Provision for (reversal of) credit losses	1	3	1	2
Net interest income after provision for (reversal of) credit losses	251	234	485	471
Noninterest income (loss) -
Trading securities	(9)	13	(18)	37
Derivatives and hedging activities	21	(2)	38	(20)
Instruments held under the fair value option	(2)	1	8	1
MPF fees	11	10	21	19
Other, net	4	0	7	4
Noninterest income (loss)	25	22	56	41
Noninterest expense -
Compensation and benefits	33	33	68	66
Nonpayroll operating expenses	35	29	63	53
Voluntary Community Investment contributions	6	22	16	37
Federal Housing Finance Agency and Office of Finance	4	4	10	10
Other, net	(2)	1	1	3
Noninterest expense	76	89	158	169
Income before assessments	200	167	383	343
Affordable Housing Program assessment	20	16	38	34
Net income	180	151	345	309
MPF fees, from other FHLBs
MPF fees	$ 9	$ 7	$ 17	$ 15

Condensed Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
Condensed Statements of Cash Flows - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Operating
Net cash provided by (used in) operating activities	$ 854	$ (222)
Investing
Net change interest-bearing deposits	(670)	0
Net change federal funds sold	(4,290)	(1,656)
Net change securities purchased under agreements to resell	(5,000)	(4,125)
Trading debt securities -
Proceeds from maturities and paydowns	500	751
Purchases	(1,010)	(1,698)
Available-for-sale debt securities -
Sales	8	0
Proceeds from maturities and paydowns	522	383
Purchases	(1,849)	(1,865)
Held-to-maturity debt securities -
Proceeds from maturities and paydowns	2,089	1,921
Purchases	(1,974)	(1,626)
Advances -
Principal collected	1,550,569	1,144,000
Issued	(1,560,703)	(1,150,469)
MPF Loans held in portfolio -
Principal collected	1,196	652
Purchases	(1,633)	(1,245)
Other investing activities	(9)	(10)
Net cash provided by (used in) investing activities	(22,254)	(14,987)
Financing
Net change deposits	702	156
Net change deposits, from other FHLBs	(3)	1
Discount notes -
Net proceeds from issuance	318,787	187,935
Payments for maturing and retiring	(303,749)	(161,048)
Consolidated obligation bonds -
Net proceeds from issuance	49,969	31,313
Payments for maturing and retiring	(44,781)	(43,427)
Capital stock -
Proceeds from issuance	2,120	1,336
Repurchases	(1,547)	(914)
Cash dividends paid	(161)	(143)
Other financing activities	(8)	(6)
Net cash provided by (used in) financing activities	21,332	15,202
Net increase (decrease) in cash and due from banks	(68)	(7)
Cash and due from banks at beginning of period	103	32
Cash and due from banks at end of period	35	25
Supplemental
Interest paid	2,367	2,136
Statutory Affordable Housing Program assessments paid	33	26
Transfer of MPF Loans held for sale in other assets to securitized mortgage loans in trading debt securities	15	64
Investment securities purchased but settled in subsequent periods	$ 277	$ 239