FHLB Cincinnati Announces Second Quarter 2020 ResultsJuly 29, 2020
The Federal Home Loan Bank of Cincinnati (the FHLB) today released unaudited financial results for the second quarter ended June 30, 2020.
For the second quarter, net income was $99 million and return on average equity (ROE) was 7.12 percent. This compares to net income of $64 million and ROE of 5.09 percent for the same period of 2019.
Total assets at June 30, 2020 were $90.6 billion, a decrease of $2.8 billion (three percent) from year-end 2019.
Mission Asset Activity – comprising major activities with members including Advances, Letters of Credit (off-balance sheet), and the Mortgage Purchase Program – was $82.3 billion at June 30, 2020, an increase of $7.0 billion (nine percent) from year-end 2019. The increase in Mission Asset Activity was primarily driven by growth in Letters of Credit balances.