First quarter dividend declared at 3.00 percentJune 16, 2022
At its June 16, 2022 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati declared a dividend for the first quarter of 2022 at a 3.00 percent annualized rate. This dividend rate is 2.89 percentage points over average overnight interest rates for the first quarter of 2022 and 2.42 percentage points over second quarter 2022 average overnight interest rates through June 15. Average overnight interest rates consist of the Secured Overnight Financing Rate and Federal funds effective rate.
The dividend payment will occur June 16, 2022, in the form of cash and is based on the average stock balance from the first quarter of 2022 which includes a day count basis of 90/365 days. See our dividend history on our Financial Results page.