We were created by Congress in 1932 to provide housing finance access to our members. We are one of 11 privately owned and capitalized FHLBs and do not use any taxpayer dollars. Only financial institutions that meet statutory requirements are eligible to become member stockholders and participate in our programs. These programs earn a profit for the FHLB, most of which is returned to members through a dividend or reinvested in our three state district through grants.
Programs & Services
We provide fully secured Advances and issue Letters of Credit.
We are an alternative to the traditional secondary mortgage market, purchasing high quality, fixed rate residential mortgage loans.
We provide grants and below market rate Advances when used for affordable housing and community lending purposes.
We provide our members with a variety of correspondent services that assist with their back office operations and investment decisions.
FHLB's AHP gives OTR apartment complex new life
With help from FHLB's Affordable Housing Program, Fifth Third Bank and Talbert House, a restored Cincinnati apartment building gives a renewed sense of hope and independence to tenants in need.