The Federal Home Loan banks began reporting third-quarter earnings Thursday, with three posting multimillion-dollar losses.

The Federal Home Loan Bank of Chicago lost $150 million in the quarter due to a $169 million other-than-temporary impairment charge for private-label, mortgage-backed securities. Still, it boosted its retained earnings by 27% from yearend, to $687 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.