2015 Director Election Under Way
The 2015 Board of Directors election process is under way. We are now accepting nominations for Ohio Member directors and at large Independent directors. Member Director nomination forms have been sent to Ohio members. Click here
for a copy of the Independent Director Application form which can be returned to: FHLB Cincinnati, Attn: Thomas J. Ciresi, P.O. Box 598, Cincinnati, OH 45201-0598. These forms are due at the FHLB no later than July 24, 2015.
The FHLB is strongly committed to diversity among its employees, business partners and Board members. As you review candidates for these open directorships, please consider the importance the FHLB places on diversity and inclusion at all levels.
Comment Sought on Members’ Community Investment Performance
All FHLB members are reviewed periodically regarding their performance in community investment or service. Our regulator, the Federal Housing Finance Agency, welcomes all comments from the public on FHLB members’ performance in supporting their communities. To see a list of members being reviewed, and instructions on submitting comment, click here
||2015 Financial Management Conference -
Navigating the Now
The FHLB Cincinnati is pleased to invite all Fifth District members to its Financial Management Conference, Navigating the Now: Managing Current Conditions. The conference will be held on August 4th and 5th at The Westin Cincinnati Hotel. Click the icon on the left to register for the conference. To view a copy of the full brochure, click here and for hotel accommodations, please click here.
Dividend Declaration and Payment
At its June 18, 2015 meeting, the Board of Directors declared a dividend for the first quarter of 2015 at a 4.00 percent annualized rate. This dividend rate is 3.74 percentage points over the first quarter 2015 average 3-month LIBOR and 3.72 percentage points over the second quarter 2015 average 3-month LIBOR through June 17.
Second Quarter 2015 Advancements Available
The second quarter 2015 issue of the FHLB's quarterly member publication, Advancements, is now available. You will find news about our recent rebranding, our upcoming management conference and a new $1 million fund for accessibility rehab for Fifth District residents. To receive Advancements by U.S. mail or email, contact the Public Affairs group in the Member Services Department.
Relief Funds Available for Kentucky Disaster Victims
April storms and landslides affected homeowners in North Central Kentucky, across a 10-county area. Households whose residences were damaged or destroyed could be eligible for grants from the FHLBank’s Disaster Reconstruction Program. Members and housing agencies who wish to participate may contact our Housing and Community Investment department.
FHLB Cincinnati Announces First Quarter 2015 Results
The FHLB released unaudited financial results for the first quarter ended March 31, 2015. Click here to view the full news release.
2014 Annual Report Available
The FHLB's 2014 Annual Report, 25 Years of AHP, is now available in both electronic and hard-copy formats. Read the message to members from our Board Chair and President and CEO here.
Same Bank, New Look
The FHLB is pleased to unveil its new corporate logo as shown below.
The new logo reflects a more modern look and accommodates more effective use in both print and digital media. Over the coming months, our old logo will be gradually phased out and replaced with our new one on FHLB reports, forms, applications, etc. We will continue our commitment to serve the housing finance needs of our members and the communities they serve. Our look is what's new.
$1 Million Fund for Accessibility Rehab Approved
A $1 million fund supporting accessibility rehab has been approved for 2015. The Carol M. Peterson Housing Fund will provide funding for accessibility rehabilitation and emergency repairs for low- and moderate-income special needs and elderly homeowners in Kentucky, Ohio, and Tennessee. The fund will provide grants of up to $7,500 per household, reserved on a first-come, first-served basis. See details here.
Office of Finance Releases 2014 Combined Financial Report
The Office of Finance has announced the FHLBank's 2014 Combined Financial Report. Click here to read the full report.
$28 Million in Affordable Housing Grants Awarded
The FHLBank’s Board of Directors has approved more than $28 million in grants supporting affordable housing. The grants will support creation of 2,413 units of affordable housing in the Fifth District states of Kentucky, Ohio and Tennessee and beyond. See the complete list of grants here.
2014 Annual Stress Test Disclosure
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the FHLBank is required to conduct annual stress tests to determine whether it has the capital necessary to absorb losses under adverse economic conditions. The results of our first test can be reviewed here.
Important Changes to Collateral Maintenance Requirements
The FHLBank is revising its Collateral Maintenance Requirements or “Haircuts”, effective June 1, 2014. For most forms of collateral, these haircuts were reduced, resulting in increased member borrowing capacity. For details, login to the Members Only site and please see the “Changes to and Clarifications of Collateral Policies and Procedures” document located under “Other Info” then “Documents and Forms”.