FHLB Cincinnati Announces Third Quarter 2021 Results

October 28, 2021

The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the third quarter ended September 30, 2021. 

For the three months ended September 30, 2021, net income was $6 million and return on average equity (ROE) was 0.60 percent. This compares to net income of $57 million and ROE of 4.70 percent for the same period of 2020.

Total assets at September 30, 2021 were $58.2 billion, a decrease of $7.1 billion (11 percent) from year-end 2020.

Mission Asset Activity – comprising major activities with members including Advances, Letters of Credit (off-balance sheet), and the Mortgage Purchase Program – was $63.8 billion at September 30, 2021, an increase of $0.6 billion (one percent) from year-end 2020. The growth in Mission Asset Activity was primarily driven by a $4.6 billion increase in Letters of Credit balances. The increase in Letters of Credit was primarily due to members using them to secure elevated levels of public unit deposits.

See the full release and results here.