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| Governance > |
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Introduction
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This Code of Ethics for Senior Financial Officers has been adopted by the Board of Directors of the Federal Home Loan Bank of Cincinnati (the “Bank”) to promote honest and ethical conduct, proper disclosure of financial information in the Bank’s financial reports and compliance with applicable laws, rules and regulations by the Bank’s senior officers who have financial responsibilities.
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Applicability
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As used in this Code, the term Senior Financial Officer means the Bank’s:
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President, Chief Executive Officer
EVP, Chief Operating Officer
SVP, Controller
SVP, Chief Financial Officer
SVP, Chief Risk Officer
SVP, Advances and Credit Services
SVP, Member Services
SVP, Housing and Community Investment
SVP, Bank Operations
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Principles and Practices
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In performing his or her duties, each of the Senior Financial Officers must:
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1. |
Maintain high standards of honest and ethical conduct and avoid any actual or apparent conflict of interest; |
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2. |
Report to the Audit Committee of the Board of Directors any conflict of interest that may arise and any material transaction or relationship that reasonably could be expected to give rise to a conflict; |
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Provide, or cause to be provided, full, fair, accurate, timely and understandable disclosure in reports and documents that the Bank files with or submits to regulatory authorities and in other public communications; |
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Promptly bring to the attention of the Audit Committee any information he or she may have concerning (a) significant deficiencies in the design or operation of internal controls which could adversely affect the Bank’s ability to record, process, summarize and report financial data or (b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Bank’s financial reporting, disclosures or internal controls; |
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Comply, and take all reasonable actions to cause others to comply, with applicable governmental laws, rules and regulations; |
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Promptly report to the Audit Committee evidence of any material violation of any law, rule or regulation applicable to the Bank by the Bank or by any of its employees or agents; and |
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Promptly report violations of this Code to the Audit Committee. |
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Senior Financial Officers must also comply with the Standards of Conduct applicable to the Bank’s officers and employees generally.
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Waiver
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Any request for a waiver of any provision of this Code must be in writing and addressed to the Audit Committee. Any waiver of this Code will be disclosed promptly as required by applicable law.
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Compliance and Accountability
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Each Senior Financial Officer must annually certify compliance with the principles and practices established within this Code of Ethics. The Director of Human Resources will maintain the signed certifications, and immediately notify the Audit Committee of any exclusions or exceptions within the certifications. The Audit Committee is responsible for interpretation of this Code and will assess compliance with this Code, report material violations to the Board of Directors and recommend to the Board appropriate action. The Director of Human Resources is responsible for administration of this Code.
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