First Quarter 2024 Dividend Declaration and Payment

At its June 20, 2024 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati (the FHLB) declared a dividend for the first quarter of 2024 at a 9.00 percent annualized rate. This dividend rate is 3.69 percentage points over the average Secured Overnight Financing Rate (SOFR) for the first quarter of 2024 and 3.68 percentage points over second quarter 2024 average SOFR through June 19. 

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.

The dividend payment will occur today, June 20, 2024, in the form of cash and is based on the average stock balance from the first quarter of 2024, which includes a day count basis of 91/366 days. See our dividend history on our Financial Results page.