Second quarter dividend declared at 2.00 percentSeptember 17, 2020
At its September 17, 2020 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati declared a dividend for the second quarter of 2020 at a 2.00 percent annualized rate. This dividend rate is 167 basis points over second quarter 2020 average short-term interest rates and 182 basis points over third quarter 2020 average short-term interest rates through September 16. Average short-term interest rates consist of 3-month LIBOR and the Federal funds effective rate.
The dividend payment occurred September 17 in the form of cash and is based on the average stock balance from the second quarter of 2020 which includes a day count basis of 91/366 days. See our dividend history on our Financial Results page.