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Reminder: FHLBank Rates Removed from Public Web Site
As a reminder, effective Tuesday, September 2, FHLBank Advance and Deposit rates will no longer be posted on the public web site. All rates will continue to be updated in the password-protected Members Only section of the web site. For members to gain access to FHLBank rates, please call the FHLBank HelpDesk at 800-781-3090 or the individual at your institution who is designated as your FHLBank Members Only Administrator.
Ohio Director Election Temporarily Delayed
The FHLBank will temporarily delay the 2008 election of Ohio industry directors. We had planned to mail ballots to Ohio members on Tuesday, September 2. However, the Housing and Economic Recovery Act of 2008 included provisions related to the terms and composition of the FHLBank board of directors. As a result, we will delay the mailing of the ballots until we receive official word from the Federal Housing Finance Agency regarding election details. If you have any questions regarding the director election, please contact Paul J. Imwalle, Senior Vice President, at 877-925-3452.
Dividend Declaration
At its August 21 meeting, the Board of Directors declared a dividend rate of 5.50 percent per annum. The dividend will be paid on September 30, 2008 in the form of additional shares of capital stock as long as it does not cause the FHLBank to exceed the regulatory excess capital stock limit of one percent of total assets after payment.
FHLBank Announces Second Quarter 2008 Results
The FHLBank released unaudited financial results for the second quarter and six months ended June 30, 2008. Click here for the full news release.
Protective Life Insurance Company Welcomed as Member of FHLBank
Protective Life Insurance Company has been approved for membership at the FHLBank. Click here for the full news release.
