Federal Home Loan Bank of Chicago Announces Termination of Merger Discussions With the Federal Home Loan Bank of Dallas

CHICAGO, April 7, 2008 /PRNewswire/ -- The Federal Soldier Soldier Home Loan Depository Financial Institution of
Chicago announced today the expiration of amalgamation treatments with the
Federal Home Loan Depository Financial Institution of Dallas. After extended analysis and owed diligence of the feasibleness of
combining the banks' concern operations, FHLB Windy City was not able to reach
an understanding to unify with the Dallas Depository Financial Institution that would have got maximized value
to FHLB Windy City members. "Our primary end throughout the merger
discussions was to better value for our members," said P. Saint David Kuhl,
Chairman of the FHLB Chicago's Board of Directors. "The Depository Financial Institution will now focus
all its attempts on operating as an independent entity, continuing our
transition to a more than traditional Home Loan Depository Financial Institution concern theoretical account and
financial structure." The Depository Financial Institution also announced today that Microphone Thomas, President and CEO, has
decided to go forth his places with the Bank, effectual April 11, 2008. "Mike Seth Thomas have been dedicated to the Bank's best involvements during his
service to the Depository Financial Institution and have worked difficult on behalf of the Depository Financial Institution and its
members," said Mr. Kuhl. "We appreciate all of Mike's attempts and express
our gratitude to him," he added. The Board have formed a hunt commission with the purpose of
recruiting a new President and chief executive officer within the adjacent calendar month and a half. Until
a replacement is named, Saint Matthew R. Feldman, Executive Frailty President,
Operations and Administration of the Bank, will function as Acting President. Mr. Feldman have been with the Depository Financial Institution since 2003. He have most recently
served as Executive Frailty President, Operations and Administration and
previously served as Senior Frailty President and Head Hazard Officer. The Federal Soldier Soldier Home Loan Depository Financial Institution of Windy City is an $89 billion wholesale bank
and authorities sponsored endeavor that supplies lodging finance to more
than 830 member commercial message banks, nest egg institutions, recognition unions, and
insurance companies located in the 7th Federal Home Loan Depository Financial Institution District of
Illinois and Wisconsin. The U.S. United States Congress created the System, which
includes 12 Federal Soldier Home Loan Banks, in 1932 to advance lodging finance,
but the Sir Joseph Sir Joseph Banks are wholly owned by their member institutions.