Federal Home Loan Bank of Chicago

Alex Pollock is a resident fellow at the American Enterprise Institute (AEI) and a former president and chief executive officer of the Federal Home Loan Bank of Chicago.

Gregory A. White has been the President and Chief Executive Officer for LEARN Charter Schools located in Chicago, Illinois, from 2008 to present. Mr. White was Vice President, Strategy and Operations, of The Chicago Community Trust, from 2006 to 2008. He was Co-Founder and Partner, Chicago Venture Partners, LP, from 1998 to 2006, and President, Corporate Advisory Services, from 1995 to 2006. Mr. White was also a Board Chairman of Learn Charter Schools for four years, a board Member for over ten years and Board Chairman of Lakefront Supportive Housing for three years, and Board Chairman, Citizens Advisory Board, Chicago Transit Authority, for three years. Mr. White serves on the following Board committees of the Bank: Affordable Housing and Government Relations. There are no family relationships among the above directors or our executive officers.

Bill was raised in Wautoma, Wisconsin. He graduated from the University of Wisconsin-Oshkosh with his Bachelors of Business Administration in 1987 and his Masters of Business Administration in 1992. Bill has extensive experience in the financial sector. He worked at M&I First American Bank of Wausau from 1989 to 1997, leaving as Vice President-Commercial Lending. From 1997 to 2002 Bill was Vice President Senior Lending Officer at Peoples State Bank in Wausau. In 2002, Bill became President, CEO, and Chairman of the Board, at Clarke County State Bank in Osceola, Iowa. Bill became President of Marshfield Savings Bank in 2005 and also began serving on the Marshfield Savings Bank Board of Directors at that time. He currently serves on the board of directors for the YMCA, MACCI, and St Joseph's Hospital, and is an active member of the Elks and the Marshfield Noon Rotary. Bill and his wife, Claudia, have two children. He enjoys many outdoor activities in his free time, including: golf, hunting, fishing, skiing, snowmobiling, and four-wheeling. He also enjoys traveling and is a committed Packer fan.

David Matthews has over twenty-two years of experience in mortgage, financial services and banking technology and operations. Currently, he is a Senior Vice President of the Federal Home Loan Bank of Chicago. While he joined the Bank in 2004 to direct the Mortgage Partnership Finance program, he was appointed the Chief Information Officer of the Bank in late 2004. He manages a staff of over 75 IT professionals that support the Bank’s IT infrastructure and applications architecture. At the FHLBC, he worked aggressively to improve efficiency, reduce staff, re-architect the infrastructure and develop a compliance and risk framework for the Bank’s technology platform. Prior to his tenure at the Home Loan Bank, 2003, Mr. Matthews was President and Chief Operating Officer of RBC Mortgage Company, one of the nation’s leading residential mortgage companies. His accomplishments including re-engineering the Company’s back office processes, deploying a new loan origination system and establishing a risk management framework compatible with the parent holding company’s standards, all while presiding over the largest growth in mortgage originations ever experienced by the Bank. In the past, he served as president and chief operating officer of Ultraprise, an e-commerce technology company that developed one of the first internet-enabled secondary market exchanges. Mr. Matthews spent 13 years as a senior vice president and CIO at Chase Manhattan Mortgage and its predecessor companies, Chemical Residential Mortgage and Margaretten Mortgage. He was responsible for over 500 IT professionals and a budget exceeding $150 million. Mr. Matthews managed the IT Department through a period of unprecedented growth, accelerated by several mergers and acquisitions. He consolidated numerous disparate technology platforms, shuttered several data centers and implemented a “best of breed” application architecture. Mr. Matthews also worked for the international management consulting firm Booz, Allen and Hamilton in the Information Technology practice for ten years at the onset of his career. He conducted numerous technology planning projects for Fortune 500 companies and government entities and managed numerous large financial information systems implementation projects. He has a bachelor’s degree in history from Beloit College and a J.D. degree from the University of Pittsburgh Law School. He is a frequent speaker at mortgage industry, banking and technology conferences.

Michael A. Ericson became Senior Vice President, Risk Management of the Bank in July 2008 and Executive Vice President in December 2008. Prior to that, Mr. Ericson was Senior Vice President of Accounting Policy and SEC Reporting since joining the Bank in January 2005. Prior to joining the Bank, Mr. Ericson was Vice President, Accounting Policy at Bank One before the merger with JPMorgan Chase and became Global Treasury Controller at JPMorgan Chase subsequent to the merger from 2003 to 2004. Mr. Ericson was Senior Manager with PricewaterhouseCoopers LLP in the Financial Services group from 1994 to 2003.

Chad A. Brandt became Senior Vice President, Banking and Advance Products of the Bank in August 2008 and Executive Vice President in December 2008. Mr. Brandt was Senior Vice President, Advance Products of the Bank from May 2008 to August 2008, Senior Vice President, Treasurer of the Bank from 2006 to May 2008, Vice

Gnanesh Coomaraswamy’s Experience Owner GC Capital Markets LLC (Financial Services industry) Currently holds this position EVP, Financial Markets Federal Home Loan Bank of Boston (Privately Held; 51-200 employees; Banking industry) August 1993 — August 2007 (14 years 1 month) Gnanesh Coomaraswamy’s Education Northwestern University 1986 — 1992

John Stocchetti’s Experience EVP of Operations and Technology Federal Home Loan Bank of Chicago (Government Agency; 51-200 employees; Banking industry) 2008 — Present (1 year) Overall responsibility for Banking Operations, Credit and Collateral functions, IT Development and Operations, Mortgage Partnership Finance Program, Non-Credit Services Product Management, Enterprise Systems Implementation, and Communications. SVP - Premier Group Federal Home Loan Bank of Chicago (Government Agency; 51-200 employees; Banking industry) 2006 — 2008 (2 years) Responsible for implementation of the Summit enterprise systems platform. Chief Financial Officer Ritchie Capital Management (Financial Services industry) 2005 — 2006 (1 year) Responsible for operations and financial-related processing and reporting for the Ritchie Capital Management Multi-Strategy Funds, the associated investment management companies, and affiliated entities. Director - Business Development Ritchie Capital Management (Privately Held; 51-200 employees; Investment Management industry) 2004 — 2005 (1 year) Responsible for developing and managing the business development process, managing a team of analysts in support of this process, and personally taking the lead on select new business initiatives. Chief Executive Officer Learning Insights Inc. (E-Learning industry) 2003 — 2004 (1 year) Succeeded founder as CEO of the company. SVP Operations and Product Management Learning Insights Inc. (E-Learning industry) 2000 — 2003 (3 years) Responsible for all course development, IT infrastructure, customer support, product planning, and finance subject matter expertise. SVP Sales & Marketing Learning Insights Inc. (E-Learning industry) 1998 — 2000 (2 years) Responsible for all aspects of sales and marketing. Chief Financial Officer Learning Insights Inc. (E-Learning industry) 1997 — 1998 (1 year) Responsible for all aspects of financial reporting and control; working with Board of Directors, investors, and external auditors; and assisting founders with capital raising through private placements. SVP Global Interest Rate Derivatives Operations NationsBank (Banking industry) 1995 — 1997 (2 years) Responsible for all aspects of interest rate derivatives operations globally. Managed middle-office and back-office staff in London and Chicago; served as Chief Operating Officer for NationsBanc Financial Products (a AAA-rated derivatives trading subsidiary); coordinated with control areas of the Bank, rating agencies, and regulators; and supported trading management. Various Titles Continental Bank (Banking industry) 1978 — 1995 (17 years) Held various positions in Controllers, Trust, and Capital Markets areas of Continental Bank. The most recent position was as Managing Director of Derivative Products Administration. John Stocchetti’s Education The University of Chicago - Booth School of Business MBA, Concentration in Finance and Accounting, 1979 — 1984 GPA 3.75/4.0 University of Illinois at Chicago B.S., Economics with minor in Mathematics, 1974 — 1978 Graduated with Honors and Highest Distinction GPA 4.9/5.0 Additional Information John Stocchetti’s Interests: Served as Adjunct Professor at the Stuart School of Business - Illinois Institute of Technology

Michael E. McFerrin became Co-Head, Financial Markets of the Bank in November 2005 and Executive Vice President of the Bank in March 2006. Mr. McFerrin was Senior Vice President, Mortgage Finance from 2001 to 2005 and Vice President, Financial Markets from 1992 to 1994. Mr. McFerrin was also President/Principal of Benjamin Investments LLC from 1999 to 2001, Vice President of Nomura Securities International from 1994 to 1999, Vice President, Senior Investment Analyst, and Portfolio Manager of Farm and Home Savings Association from 1991 to 1992 and held positions of increasing responsibility at First Federal Savings and Loan Association of Pittsburg from 1986 to 1991.

Peter Gutzmer’s Experience EVP/Legal & Government Relations Federal Home Loan Bank of Chicago (Banking industry) April 1985 — Present (24 years 2 months) Peter Gutzmer’s Education The John Marshall Law School J.D., Law, 1976 — 1979 Boston University A.B., Political Science, 1972 — 1976

Sanjay Bhasin’s Experience Executive Vice President Federal Home Loan Bank (Government Agency; 51-200 employees; Financial Services industry) Currently holds this position Executive Vice President Federal Home Loan Bank of Chicago (Financial Services industry) 2004 — Present (5 years)

Senior Vice President Federal Home Loan Bank of Chicago (Government Agency; 201-500 employees; Banking industry) May 2000 — Present (9 years 1 month) Manager of the Mortgage Partnership Finance (MPF) Program for the Federal Home Loan banks. Vice President, Operations Manager Washtenaw Mortgage Company (Public Company; 51-200 employees; Financial Services industry) April 1999 — May 2000 (1 year 2 months) Chief Operating Officer for a mid-level national mortgage banking wholesale company. Managed all mortgage origination functions for the company including loan processing, underwriting, quality control, closing, post-closing, shipping and compliance. One of 4 officers for the firm of which went public (IPO) during my tenure. Real Estate Portfolio Executive VEREX Mortgage Insurance Company (Public Company; 201-500 employees; Financial Services industry) 1986 — 1993 (7 years) As a licensed Real Estate broker, I marketed real estate owned properties and settled mortgage insurance claims for a major mortgage insurance company. I was responsible for a 10 state territory and managed the listing and marketing of foreclosed real estate in those states. Eric Schambow, CMB’s Education Madison Area Technical College Certification, Licensed Real Estate Broker, Licensed Insurance Agent - Life, Property Casualty, Disability, 1986 — 1989 Obtained Real Estate Brokers license in order to represent a mortgage insurance firm selling its real estate owned portfolio across the country. Activities and Societies: Sold Life, Property, Casualty and Disability Insurance products while working for a financial services firm. University of Wisconsin-Platteville BS, Business Administration - Finance, Political Science, 1981 — 1985 Graduated with Honors in Business Administration Finance and Political Science as a double major. Participated in a semester college exchange program and attended Westfield State College in Massachusetts with focus on Economics. Received: Leo Boebel Scholar 1982-1984. Activities and Societies: Member of the Student Senate, SUFAC (Student Funding) Committee, Collegiant 4-H Club, University Foundation Student Representative, College Exchange Club, Mens Glee, and Student Activities Board (SAB).

Mary Jane Brown’s Experience Senior Vice President - Human Resources Federal Home Loan Bank of Chicago (Government Agency; Banking industry) 2006 — Present (3 years) Director of Human Resources, Communications and Facilities. HR Director Segal (Privately Held; 501-1000 employees; Financial Services industry) February 2003 — November 2006 (3 years 10 months) Midwest Region HR Generalist Director of Human Resources Learning Insights (Financial Services industry) 2001 — 2003 (2 years) Mary Jane Brown’s Education DePaul University BA, Organization Development Activities and Societies: Memberships - SHRM, HRMAC, Union League Club of Chicago

Thomas H. W. Harper became Senior Vice President, General Auditor of the Bank in March 2006 and was Senior Vice President, Audit Director from 2005 to 2006. Prior to joining the Bank, Mr. Harper was First Vice President, Senior Audit Manager with JPMorgan Chase and Co. from 2004 to 2005, responsible for the corporate areas of JPMorgan Chase and Co. From May 1997 until the merger of Bank One, NA with JPMorgan Chase in June 2004, Mr. Harper was responsible for the internal audit of the Commercial and Investment Bank, Treasury Services and Corporate areas of Bank One, NA. Mr. Harper was Vice President, Audit Manager with the First National Bank of Chicago, NA (which became Bank One, NA) in London, U.K. from 1993 to 1997 and an auditor in Banking and Financial Services with KPMG Peat Marwick in London, U.K., from 1987 to 1992.

Vice President Federal Home Loan Bank of Chicago (Banking industry) Currently holds this position Vice President - Mortgage Partnership Finance Marketing Manager Federal Home Loan Bank of Chicago (Government Agency; Banking industry) July 1998 — December 2006 (8 years 6 months) Responsible for managing the marketing of the Mortgage Partnership Finance Product (MPF) to members of the Federal Home Loan Bank. Managed Staff of four Customer Account Manager Fannie Mae (Banking industry) 1993 — 1997 (4 years) Responsible for managing all aspects of customer relations for Ohio and Indiana overseeing accounts with assets up to $14 Billion. Various Bank of America (Public Company; BAC; Banking industry) July 1987 — November 1993 (6 years 5 months) Asset Sales and Acquisitions, Operations Manager - Secondary Marketing, Manager Fixed Warehouse and Trade Settlements, Mortgage Pricing Manager. Art Hilliard’s Education National University MBA, Finance, 1983 — 1986 National University BA, Real Estate, 1981

Denise Gans’s Experience Vice President Federal Home Loan Bank Chicago (Banking industry) Currently holds this position Denise Gans’s Education Lake Forest Graduate School of Management 1996 — 1998

Pamela Cannon’s Experience AVP-Relationship Banker Federal Home Loan Bank Chicago (Banking industry) 2004 — Present (5 years) Senior Account Executive Radian Guaranty Inc. (Banking industry) 2000 — 2003 (3 years) Pamela Cannon’s Education Southern Illinois University, Carbondale 1991 — 1994

Susan Wohlhart’s Experience Community Investment Compliance Manager Federal Home Loan Bank of Chicago (Banking industry) January 2001 — Present (8 years 5 months) Auditor Fremont Financial (Public Company; 51-200 employees; Banking industry) April 1998 — April 2000 (2 years 1 month) Field auditor for asset based lender. Auditor Fremont Financial (Banking industry) 1997 — 2000 (3 years) Susan Wohlhart’s Education University of Illinois at Chicago 1995 — 1997

Mr. Grosenheider has been a Private Banking Relationship Manager with U.S. Bank, N.A. since 2002 and a Vice President with U.S. Bank, N.A. since 2005. Previously, he served as the Deputy Secretary of the Wisconsin Department of Financial Institutions from 2000 to 2002. Mr. Grosenheider is an advisor to the Madison Community Reinvestment Associates, which provides a rent-to-own housing program for low-, and moderate-income individuals. Mr. Grosenheider currently serves as a member of the Urban League of Greater Madison Board of Directors. Mr. Grosenheider also held several positions within the Wisconsin Department of Commerce, including Administrator of the Division of Community Development, Administrator of the Division of Economic Development, and

Deborah J. Lucas has been The Donald C. Clark/HSBC Professor of Finance at the Kellogg School of Management, Northwestern University in Evanston, Illinois, since 1996. Dr. Lucas was Chief Economist, at the Congressional Budget Office, from 2000 to 2001, Member, Social Security Technical Advisory Panel, from 1990 to 2000 and 2006 to 2007, National Federal Home Loan Bank of Chicago

Mr. Bedore is a Vice President of Hillenbrand Partners and is responsible for accounting and securities operations. Prior to joining Hillenbrand Partners, he oversaw the securities processing and transfer and paying agent functions for LaSalle Bank National Association39 CDO and CMBS groups in Chicago. Mr. Bedore was responsible for disbursing between $8 billion and $10 billion each month and also oversaw the receipt of securities as a condition of closing CDO deals. While at LaSalle Bank, Mr. Bedore was responsible for the implementation and daily operation of Euroclear settlement systems and oversaw the custody and movement of foreign cash. Prior to working at LaSalle Bank, he spent 12 years at Bank One N.A. and its predecessors. The first five years of that tenure involved security processing in trust operations followed by seven years in operations for Banc One Capital Corporation. Mr. Bedore was responsible for the accounting and operations functions of the CMBS and RMBS portfolios managed by Mr. Hillenbrand. Mr. Bedore participated in and closed a number of securitization transactions, including those involving the MACH ONE CDO Platform and the Mortgage Partnership Finance and MPF Shared Funding programs with the Federal Home Loan Bank of Chicago. Additionally, Mr. Bedore supported One Equity Partners (Bank One N.A39 private equity arm) by maintaining the general ledger, as well as holding responsibility for funding their German office. Mr. Bedore also supported Banc One Capital Corporation39 investments in hedge funds, CDOs and futures portfolios. Mr. Bedore received his B.S. in Business Administration from Marquette University in 1989.

Rischard Gray’s Experience Asset Manager Enterprise Community Investment, Inc. (Non-Profit; 201-500 employees; Real Estate industry) October 2007 — Present (1 year 8 months) Senior Compliance Analyst Federal Home Loan Bank of Chicago (Government Agency; 201-500 employees; Banking industry) August 2002 — October 2007 (5 years 3 months) Rischard Gray’s Education Michigan State University 1997 — 2002

James D. Ericson is retired from Northwestern Mutual Life in Milwaukee, Wisconsin, where he served as Chairman from 2000 to 2001, Chief Executive Officer from 1993 to 2001, President from 1990 to 2000 and Chief Operating Officer from 1991 to 1993. He also served as Executive Vice President, Investments, and General Counsel of Northwestern Mutual Life. Mr. Ericson served on the company s Board of Trustees, the Finance Committee and the Executive Committee until 2006. Mr. Ericson serves on the Boards of The Johnson Foundation, The Marcus Corporation and Green Bay Packaging, Inc.

Kathleen E. Marinangel has worked at McHenry Savings Bank since 1973 and has served as President of McHenry Savings Bank since 1991, CEO of McHenry Savings Bank since 1990, and Chairman of the Board of the McHenry Savings Bank since 1989. Ms. Marinangel has also been the Chairman of the Board, CEO, and President of McHenry Bancorp, Inc. since its inception in January of 2003. Locally, she serves on the McHenry County Public Building Commission, the City of McHenry s Economic Development Commission, the McHenry County College Foundation Board, and served on the Board of Governors of Centegra Hospital. On a statewide basis, she serves as a director of the Illinois League of Financial Institutions and was Past Chairman from 1996 to 1997. She currently is a Trustee of the League s Banking ERISA Medical Insurance Trust. She is Chairman of the Illinois Board of Savings Institutions. Nationally, she served as a director of the banking trade group, America s Community Bankers from 2003 to 2007. Ms. Marinangel presently serves as a Director of the American Bankers Association. She also served a two-year term on the Federal Reserve Board s Thrift Institutions Advisory Council from 1999 to 2000. Ms. Marinangel serves on the following Board committees of the Bank: Executive & Governance, Affordable Housing (Chairman) and Risk Management (Vice Chairman).

Leo J. Ries has been the Executive Director of Local Initiatives Support Corporation (LISC) in Milwaukee, Wisconsin, since 2000. Mr. Ries was a private consultant for profit and nonprofit corporations from 1999 to 2000. He also was Deputy Commissioner for the City of Milwaukee in the Department of Neighborhood Services in 1999 and Director of the Housing and Neighborhood Development Division from 1992 to 1998. Mr. Ries served on the Board of Directors of the Neighborhood Improvement Development Corporation from 1992 to 1999, Select Milwaukee, Inc, from 1996 to 2000, Walker s Point Development Corporation from 1999 to 2000 and Canticle Court/Juniper Court from 1999 to 2000. Mr. Ries serves on the following Board committees of the Bank: Affordable Housing and Technology.

Mr. Crowley has served on the board since 1993. He is the President (since 1983) and Chief Executive Officer (since 1985) of Bank Mutual, Milwaukee. He is a past Director and Vice Chairman of the Federal Home Loan Bank of Chicago.

Richard W. Graber is a former United States Ambassador to the Czech Republic. He was appointed by George W. Bush on September 14, 2006. His office ended as Barack Obama became the new President of the United States on January 20, 2009. His successor is yet to be chosen by the Obama administration. Graber has returned to practicing law at Reinhart Boerner Van Deuren, a large Wisconsin law firm, where he practiced from 1981 to 2006. He has served on the Board of Trustees of the Medical College of Wisconsin and is former vice chairman and director of the Federal Home Loan Bank of Chicago.[1] Graber was elected Chairman of the Republican Party of Wisconsin in June 1999. He was re-elected in 2001, 2003 and 2005 and was one of the longest serving State Chairmen in the country. He served as Chairman of the Wisconsin Delegation at the 2004 national convention in New York, was a delegate at the 2000 convention and was an alternate at the 1992 and 1996 conventions. From 2002 to 2006, Mr. Graber served as Wisconsin's representative on the Republican National Committee's Rules Committee. He also served as Finance Chairman of the Republican Party of Wisconsin from 1993 to 1999 and as Secretary from 1991 to 1999.[1] Graber received a B.A. from Duke University in 1978 and Juris Doctor from Boston University School of Law in 1981.[2] He has two sons, Erik and Scott.