News

Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis appoints New Castle banker in special election FHLBank Indianapolis is pleased to announce a vacant Board of Directors seat was filled during the Board's recent 2024 special election. J. Daniel Maddox, chairman of the board and CEO of Citizens State Bank in New Castle, Ind., will fill an unexpired term from April 1, 2024, to Dec. 31, 2025. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance files 2023 CFR for FHLBanks The Office of Finance has published the 2023 Combined Financial Report (CFR) of the Federal Home Loan Banks (FHLBanks). Each FHLBank — including FHLBank Indianapolis — has filed its Q4 2023 Form 10-Q with the SEC. Finance News Member Announcements FHLBank Indianapolis announces fourth quarter 2023 dividends, reports earnings On Feb. 22, 2024, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2023 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9% and 4%, respectively. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis announces 2024 Dr. Martin Luther King, Jr. Citizenship Award winner As part of Black History Month observances, FHLBank Indianapolis has named Sr. Software Developer Jenny Ferree as the Bank's 2024 recipient of the Dr. Martin Luther King Jr. Citizenship Award. Since 2001, the Bank has honored one outstanding employee who best represents King's ideals. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis unveils in-house art display for Black History Month As part of Black History Month, FHLBank Indianapolis is displaying dozens of Black-inspired wall art in an in-house display titled, “Impact and Influence: The Intersection of Art and Black History,” the first time diverse artistic talents from the Indiana and Michigan district have been highlighted. Affordable Housing Public Announcements FHLBank Indianapolis announces new Tribal Nations Housing Development Assistance Program FHLBank Indianapolis has partnered with the Michigan State Housing Development Authority to launch the Tribal Nations Housing Development Assistance Program. The program aims to build on tribal nations' existing capacity and provide resources to develop affordable housing programs. Affordable Housing Community Investments FHLBank Indianapolis awards $15.12 million in Affordable Housing Program grants The Federal Home Loan Bank of Indianapolis has awarded $15.12 million in affordable housing grants to 32 affordable housing developments in Indiana, Michigan and Kentucky through the Bank's 2023 Affordable Housing Program (AHP). These AHP grants of up to $600,000 w Federal Home Loan Bank Indianapolis Public Announcements Office of Finance files Q3 2023 CFR for FHLBanks The Office of Finance has published the Third Quarter 2023 Combined Financial Report (CFR) of the Federal Home Loan Banks (FHLBanks). This report has been prepared from the unaudited financial information of the FHLBanks. Each FHLBank has filed its Q3 2023 Form 10-Q with the SEC. Community News Community Investments FHLBank Indianapolis awards more than $700,000 in Elevate Small Business Grants The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) has announced that more than $700,000 has been awarded to 38 Indiana and Michigan businesses through the Bank's Elevate Small Business Grant program. Federal Home Loan Bank Indianapolis Public Announcements Federal Housing Finance Agency releases report on FHLBank System On Nov. 7, 2023, the Federal Housing Finance Agency released its report recommendations on the FHLBank system, which includes FHLBank Indianapolis. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis announces 2023 Board of Directors election results On Oct. 27, 2023, the Federal Home Loan Bank of Indianapolis announced the results of the election of two independent directors and two Michigan member directors to its Board of Directors. The four individuals each will serve four-year terms beginning Jan. 1, 2024. Finance News Member Announcements FHLBank Indianapolis declares third quarter 2023 dividends, reports earnings On Oct. 26, 2023, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its third quarter 2023 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 8.25% and 3.25%, respectively.