CHICAGO: The Federal Home Loan Bank of Chicago (FHLBank Chicago) on Friday reported preliminary and unaudited net income of $185 million for the third quarter of 2025, up from $130 million in the same period last year, citing lower noninterest expenses and increased member participation in community investment programs.
“Our preliminary third quarter performance reflects the stability and strength of our cooperative as we navigate a dynamic financial environment,” said Michael Ericson, president and CEO of FHLBank Chicago.
“We are committed to our mission to deliver reliable liquidity and strategic value to our members while driving positive impact on housing and community investment across our district.”
Total assets climbed to $139.7 billion as of Sept. 30, up from $129.1 billion at year-end 2024. The increase was driven by higher volumes in advances and investment debt securities.
Advances outstanding rose to $61.0 billion, compared with $55.8 billion at the end of 2024, reflecting greater borrowing activity from insurance companies and depository institutions. Mortgage loans held through the Mortgage Partnership Finance® (MPF®) Program grew to $14.4 billion, up from $13.3 billion, as new acquisitions outpaced paydowns.
In line with its regulatory mandate, FHLBank Chicago allocated $55 million—10% of its pre-assessment income—to its Affordable Housing Program (AHP) fund. The bank also made $14 million in voluntary community investment grants and provided $26 million in subsidies to support Community Advances and loans.
FHLBank Chicago is one of 11 regional banks in the Federal Home Loan Bank System, providing liquidity and financial services to member institutions in Illinois and Wisconsin.