FHLB Chicago selects J.P. Morgan for custody services
J.P. Morgan Securities Services has announced that it will provide custody services for the Federal Home Loan Bank of Chicago (FHLB Chicago), one of 12 regional banks in a system established by the US Congress in 1932 to promote housing finance.
"We are confident that J.P. Morgan's expertise in delivering custody and safekeeping services will allow us to better serve the member financial institutions with which we work," said John Stocchetti, executive vice president of operations and technology at FHLB Chicago.