FHLBank Cincinnati Announces 2013 Results
The FHLBank released unaudited financial results for the year ended December 31, 2013. The FHLBank fulfilled its mission by providing readily available and competitively priced wholesale funding to its member financial institutions, supporting its commitment to affordable housing, and paying stockholders a competitive dividend return on their capital investment. Click here for the full News Release.
First Quarter 2014 Advancements Available
The first quarter 2014 issue of the FHLBank's quarterly member publication, Advancements, is now available. You'll find news about our Board of Directors and Advisory Council elections and appointments, FHLBank officer promotions, and some upcoming economic development roundtables. To receive Advancements by U.S. mail or email, contact the Public Affairs group in the Member Services Department.
Affordable Housing Program Grants Will Create 1,759 Units
Grants totaling nearly $24.8 million have been awarded by the FHLBank Cincinnati under its Affordable Housing Program to 40 member institutions. The grants will help create 1,759 units of affordable housing. Of 67 project awards, 28 support owner-occupied housing and 39 support rental housing. See a list of awards here.
Dividend Declaration and Payment
At its December 19, 2013 meeting the Board of Directors declared a dividend for the third quarter of 2013 at a 4.00 percent annualized rate. This dividend rate is 3.74 percentage points over the third quarter 2013 average 3-month LIBOR and 3.76 percentage points over the fourth quarter 2013 average 3-month LIBOR through December 18.
Cincinnati Board of Directors Election Results Announced
The FHLBank Board of Directors ratified the results of the 2013 director elections at its November 21, 2013, meeting. FHLBank members elected two Kentucky Member Directors, one Ohio Member Director and one at-large Public Interest Independent Director, respectively: David E. Sartore, Ohio Valley Financial Group, Henderson, Ky.; Greg W. Caudill, Farmers National Bank, Danville, Ky.; William J. Small, First Federal Bank of the Midwest, Defiance, Ohio; and Grady Appleton, East Akron Neighborhood Development Corp., Akron, Ohio. All four directors will serve four-year terms commencing January 1, 2014.
Office of Finance Releases 3rd Quarter 2013 Combined Financial Report
The Office of Finance has announced the FHLBank's Third Quarter 2013 Combined Financial Report. Click here to read the full report.
Fourth Quarter 2013 Advancements Available
The fourth quarter 2013 issue of the FHLBank's quarterly member publication, Advancements, is now available. You’ll find news about our products and services, an upcoming seminar, and relocation of our corporate offices. To receive Advancements by U.S. mail or email, contact the Public Affairs group in the Member Services Department.
Regulator Publishes FHLBank Performance Summary
The FHLBanks' regulator, the Federal Housing Finance Agency, has published its first quarterly summary of the performance of the FHLBanks, Fannie Mae and Freddie Mac. The report, covering the second quarter of 2013, also reviews key market indicators such as housing prices, interest rates and swap rates. See the report here.
Moody's Affirms FHLBank Cincinnati Rating
Moody's Investor's Service has affirmed the FHLBank Cincinnati's Aaa rating, based on stable profitability and high asset quality.
for the full report.