First quarter dividend declared at 2.00 percentJune 17, 2021
At its June 17, 2021 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati (the FHLB) declared a dividend for the first quarter of 2021 at a 2.00 percent annualized rate. This dividend rate is 186 basis points over first quarter 2021 average short-term interest rates and 189 basis points over second quarter 2021 average short-term interest rates through June 16. Average short-term interest rates consist of 3-month LIBOR and the Federal funds effective rate.
The dividend payment will occur today, June 17, 2021, in the form of cash and is based on the average stock balance from the first quarter of 2021 which includes a day count basis of 90/365 days. See our dividend history on our Financial Results page.