Fourth Quarter 2022 Dividend Declared at 6.00 percent

At its March 16, 2023 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati (the FHLB) declared a dividend for the fourth quarter of 2022 at a 6.00 percent annualized rate. This dividend rate is 2.36 percentage points over average overnight interest rates for the fourth quarter of 2022 and 1.54 percentage points over first quarter 2023 average overnight interest rates through March 15. Average overnight interest rates consist of the Secured Overnight Financing Rate and Federal funds effective rate.

The dividend declaration reflects the FHLB’s ongoing ability to fulfill its mission of providing robust access to a key source of wholesale funding to member financial institutions and supporting its commitment to affordable housing and community investment. During the recent stress in the banking industry and financial markets, the FHLB continued to provide uninterrupted access to Advances to deliver liquidity to its members.

The dividend payment will occur today, March 16, 2023, in the form of cash and is based on the average stock balance from the fourth quarter of 2022 which includes a day count basis of 92/365 days. See our dividend history on our Financial Results page.