FHLB Cincinnati Announces Second Quarter 2021 ResultsJuly 29, 2021
The Federal Home Loan Bank of Cincinnati (the FHLB) today released unaudited financial results for the second quarter ended June 30, 2021.
For the second quarter, net income was $0.3 million and return on average equity (ROE) was 0.03 percent. This compares to net income of $99 million and ROE of 7.12 percent for the same period of 2020.
Total assets at June 30, 2021 were $58.9 billion, a decrease of $6.4 billion (10 percent) from year-end 2020.
Mission Asset Activity was $66.6 billion at June 30, 2021, an increase of $3.3 billion (five percent) from year-end 2020. The growth in Mission Asset Activity was primarily driven by a $6.4 billion increase in Letters of Credit balances. The increase in Letters of Credit was primarily due to members using them to secure elevated levels of public unit deposits.