Merger out; future for Chicago home loan bank unclearThe future of the Federal Home Loan Bank of Chicago will not include a merger with the Dallas home loan bank, nor will it include leadership from J. Mikesell Thomas, who had been the Chicago bank’s president and CEO since August 2004. Regulatory filings by the bank state it does not expect to pay dividends in 2008 since it expects to incur losses in the first quarter and beyond. The bank, which is operating under a consent cease and desist order from the Federal Housing . . .

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