Financial Results
Dividends
Dividends paid during the quarter, annualized rate. Dividends are based on the previous quarter's earnings.
| Paid In: | Paid In: | Paid In: | Paid In: | ||
|---|---|---|---|---|---|
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | ||
| 2019 | 6.00% | 5.50% | 4.50% | 4.00% | |
| 2018 | 5.75% | 5.75% | 6.00% | 6.00% | |
| 2017 | 4.50% | 4.75% | 5.25% | 5.50% | |
| 2016 | 4.00% | 4.00% | 4.00% | 4.00% | |
| 2015 | 4.00% | 4.00% | 4.00% | 4.00% | |
| 2014 | 4.00% | 4.00% | 4.00% | 4.00% | |
| 2013 | 4.25% | 4.25% | 4.25% | 4.00% | |
| 2012 | 4.50% | 4.25% | 4.25% | 4.75% | |
| 2011 | 4.50% | 4.50% | 4.00% | 4.00% | |
| 2010 | 4.50% | 4.50% | 4.50% | 4.00% |
We believe members' investment in our capital stock is comparable to investing in high-grade short-term, or adjustable-rate, money market instruments or in adjustable-rate preferred equity instruments. Therefore, we structure our risk exposure so that earnings tend to move in the same direction as changes in short-term market rates.
Financial Reports
Annual Stress Test Disclosure:
SEC Filings: All SEC Filings
Latest filings:
- January 7: Form 8-K Consolidated Bond Issuances
- December 31: Form 8-K Consolidated Bond Issuances
- December 23: Form 8-K Appointment of Certain Officers
- December 19: Form 8-K Consolidated Bond Issuances
- December 17: Form 8-K Consolidated Bond Issuances
- December 5: Form 8-K Consolidated Bond Issuances
- November 29: Form 8-K Consolidated Bond Issuances
- November 26: Form 8-K Consolidated Bond Issuances
- November 22: Form 8-K Election of Directors
- November 19: Form 8-K Consolidated Bond Issuances
2019 reports:
| 3rd Quarter 10-Q | | View Web Page | | |
| 2nd Quarter 10-Q | | View Web Page | | |
| 1st Quarter 10-Q | | View Web Page | |
2018 reports:
| 10-K Annual Report | | View Web Page | | |
| 3rd Quarter 10-Q | | View Web Page | | |
| 2nd Quarter 10-Q | | View Web Page | | |
| 1st Quarter 10-Q | | View Web Page | |
2017 reports:
| 10-K Annual Report | | View Web Page | | |
| 3rd Quarter 10-Q |
| View Web Page | | |
| 2nd Quarter 10-Q | | View Web Page | | |
| 1st Quarter 10-Q | | View Web Page | |
2016 reports:
| 10-K Annual Report | | View Web Page | | |
| 3rd Quarter 10-Q | | View Web Page | |
| 2nd Quarter 10-Q | | View Web Page | |
| 1st Quarter 10-Q |
| View Web Page |
Credit Ratings
The FHLB Cincinnati is rated AA+ by Standard and Poor’s and Aaa by Moody’s Investors Service.
- Standard and Poor's Credit Rating for FHLB Cincinnati (September 10, 2019)
- Standard and Poor's Credit Rating for FHLB System (August 28, 2019)
- Moody's Investors Service Credit Opinion for FHLB Cincinnati (May 8, 2018)
- Moody's Investors Service Credit Opinion for FHLB System (May 15, 2018)
Capital Plan
In 1999, Congress enacted the Gramm-Leach-Bliley Act which required the FHLB to develop a new capital structure that produces a more permanent source of capital, establishes new minimum investment requirements for members, and facilitates compliance with the law’s new capital requirements. Subsequent to the promulgation of associated new capital regulations issued by the FHLB’s regulator in January 2001, the FHLB developed and implemented its new capital plan in December 2002. Our capital plan, as amended since its inception, provides for the governance and regulation of its capital structure and complies with all regulatory and legislative requirements.
A copy of the FHLB’s current Capital Plan can be found here.
Questions regarding the capital plan should be directed to Public Affairs at 877-925-3452 or Credit Services at 800-828-4191.