April 23, 2012
Last week the Board of Directors of the FHLB of Chicago announced their regulator, the Federal Housing Finance Agency (FHFA), agreed to terminate their Consent Cease and Desist Order effective immediately. CLICK HERE to read the Member Letter regarding the C&D.
In a separate Member Letter the FHLB of Chicago announced the second opportunity for member institutions to to have their excess stock repurchased by the Bank. Monday, April 30th at (5pm C.S.T.), is the deadline for submitting requests for repurchasing stock. CLICK HERE to read the Members Letter and to access the stock repurchase form.