Third quarter dividend declared at 2.00 percentDecember 17, 2020
At its December 17, 2020 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati declared a dividend for the third quarter of 2020 at a 2.00 percent annualized rate. This dividend rate is 183 basis points over third quarter 2020 average short-term interest rates and 185 basis points over fourth quarter 2020 average short-term interest rates through December 16. Average short-term interest rates consist of 3-month LIBOR and the Federal funds effective rate.
The dividend payment occurred December 17 in the form of cash and is based on the average stock balance from the third quarter of 2020 which includes a day count basis of 92/366 days. See our dividend history on our Financial Results page.