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October 31, 2008
The Bank participates in the MPF® program, which is administered
by the Federal Home Loan Bank of Chicago, as the MPF Provider.
The MPF Provider sets prices, rates, and fees associated with
various MPF products using observable third-party pricing
sources as inputs
to its proprietary pricing model. The MPF Provider publishes
updated quotations on its eMPF web site during normal business
hours. Participating members can execute delivery commitments
of less than $1 million directly via the web site. Larger
commitments require
telephonic communication with the MPF Provider. This practice
ensures the accuracy of the price quotation. The Bank does
not adjust pricing based on the size of the delivery commitment
or other factors.
"Mortgage Partnership Finance,"
"MPF," and "eMPF" are registered trademarks
of the Federal Home Loan Bank of Chicago.
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