FHLBank Cincinnati Announces Year-end 2014 Results
The FHLBank released unaudited financial results for the fourth quarter and year-end 2014, reporting record levels of assets and $28 million accrued for the Affordable Housing Program for 2015. Click here for the full News Release.
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.
2015 Welcome Home Program Webinars
FHLBank is hosting webinars on the Welcome Home Program. Details of the webinars can be found at this link. These webinars are free to all members. Webinars are live presentations unless otherwise noted as recorded playback only.
Dividend Declaration and Payment
At its December 18, 2014 meeting, the Board of Directors declared a dividend for the third quarter of 2014 at a 4.00 percent annualized rate. This dividend rate is 3.77 percentage points over both the third quarter 2014 average 3-month LIBOR and the fourth quarter 2014 average 3-month LIBOR through December 17.
$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.
Fourth Quarter 2014 Advancements Available
The fourth quarter 2014 issue of the FHLBank's quarterly member publication, Advancements, is now available. You’ll find information in President Andrew Howell’s letter about the proposed membership regulation recently issued by the Federal Housing Finance Agency, as well as a Board of Directors election update and information about our most recent dividend. 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
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.
Office of Finance Releases Second Quarter 2014 Combined Financial Report
The Office of Finance has announced the FHLBank's Second Quarter 2014 Combined Financial Report. Click here to read the full report.
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.
||2013 Annual Report Available
The FHLBank's 2013 Annual Report, FHLB + Me, is now available in both electronic and hard-copy formats. Read the message to members from our Board Chair and President and CEO here. Our Performance Section can be found 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”.
2013 Advisory Council Annual Report
Our Affordable Housing Advisory Council annual report reviews a successful 2013, during which $35.7 million was awarded or disbursed to help more than 3,500 Fifth District households in need of safe, decent housing.