News

Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis announces second quarter 2024 dividends, reports earnings On July 25, 2024, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. Affordable Housing Community Investments HomeBoost Down Payment Assistance Program returns with $5 million allocation After exhausting $2.5 million in just two months in 2023, FHLBank Indianapolis is relaunching the HomeBoost Down Payment Assistance Program with double the allocation — $5 million to help with down payment, closing and counseling costs. Federal Home Loan Bank Indianapolis Member Announcements Former longtime Michigan Board member Jim Logue announces retirement from Cinnaire Former longtime FHLBank Indianapolis Board member Jim Logue, a renowned supporter and advocate of affordable housing initiatives in Michigan and across the country, has announced his retirement after 21 years at Cinnaire, most recently as the nonprofit's chief policy and advocacy officer. Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis awards $100,000 in Money Masters financial literacy scholarships Financial literacy is a critical life skill for young people looking to build a secure future. That's why FHLBank Indianapolis is proud to announce that $100,000 has been awarded through our Money Masters Scholarship Program to college-bound students and rising seniors in Indiana and Michigan. Affordable Housing Community Investments National housing and wages report mirrors FHLBank Indianapolis findings A new annual report by the National Low Income Housing Coalition (NLIHC) that highlights current trends in rental housing and average wages across the country echoes similar dismal findings of a housing needs assessment conducted by the Federal Home Loan Bank of Indianapolis in 2023. Federal Home Loan Bank Indianapolis Public Announcements Council of FHLBanks releases 2023 Impact Report The Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), has released its 2023 Impact Report, which details the ways in which the FHLBank System delivers measurable and sustainable impact for communities and individuals in Indiana and Michigan. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis opens Board of Directors nominations June 27, 2024 Nominations for the 2024 FHLBank Indianapolis Board of Directors will open on June 27, 2024. Open positions include two Member Directors from Indiana and three Independent Directors, the latter of whom may be from Indiana or Michigan. Nominations will close at 5 p.m. (Eastern) July 31, 2024. Federal Home Loan Bank Indianapolis Public Announcements Office of Finance files Q1 2024 CFR for FHLBanks The Office of Finance has published the First Quarter 2024 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 Q1 2024 Form 10-Q with the SEC. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis releases 2023 Impact Report Success. For 2023, that best characterizes the accomplishments of FHLBank Indianapolis. Despite a tumultuous geopolitical environment and turmoil within the global banking industry, our cooperative still achieved remarkable results on the corporate and social responsibility fronts. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis announces first quarter 2024 dividends, reports earnings On April 25, 2024, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its first quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. 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.