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.
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.
Dividend Declaration and Payment
At its March 19, 2015 meeting, the Board of Directors declared a dividend for the fourth quarter of 2014 at a 4.00 percent annualized rate. This dividend rate is 3.76 percentage points over the fourth quarter 2014 average 3-month LIBOR and 3.74 percentage points over the first quarter 2015 average 3-month LIBOR through March 18.
$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.
||2015 Regional Stockholder Meetings
We are pleased to invite all Fifth District members to the FHLBank’s 2015 Regional Stockholder Meetings. These meetings will run from late April through late May and will be held at four different locations. We hope you can attend the meeting that best suits your schedule. Please click the button at the left to register.
|2015 Affordable Housing Program Workshops
The Federal Home Loan Bank of Cincinnati has scheduled three workshops for the 2015 Affordable Housing Program competitive offering. The workshops will be held in Columbus, Ohio, Lexington, Ky. and Nashville, Tenn. Since there is only one AHP offering per year, these full-day workshops will include an overview of program requirements, changes for 2015, and the online application. Please click the button at the right to register.
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.
First Quarter 2015 Advancements Available
The first quarter 2015 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 how 29 U.S. Congressional representatives served as signatories on a letter asking the Federal Housing Finance Agency to reconsider its proposed regulation on Federal Home Loan Bank membership. To receive Advancements by U.S. mail or email, contact the Public Affairs group in the Member Services Department.
$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.
Relief Funds Available for Kentucky Disaster Victims
August storms affected homeowners in Eastern Kentucky, in a six-county area centered around Floyd County. 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.
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”.