News

Federal Home Loan Bank Indianapolis Member Announcements FHLBank Indianapolis 2023 Board of Directors Election opens Sept. 25, 2023 Voting for the 2023 FHLBank Indianapolis Director Election will open Sept. 25, 2023, and will close Oct. 26, 2023, at 5 p.m. (Eastern). This year, FHLBank Indianapolis has two Michigan member directorships and two independent directorships open for election. Affordable Housing Member Announcements FHLBank Indianapolis announces 2023 Community Spirit Award winners FHLBank of Indianapolis has awarded the 2023 Community Spirit Award to Susan Ruch, Small Business Banker at The Farmers Bank in Frankfort, Ind., and Michelle LaClair-Ziembo, Human Resources Manager at United Bay Community Credit Union in Bay City, Mich. Finance News Press Room FHLBank Indianapolis to repurchase up to $200 million in excess stock The Federal Home Loan Bank of Indianapolis announced today that it will repurchase, on a voluntary basis and for a limited time, up to $200 million in par value of excess stock from members by Sept. 27, 2023. Finance News Public Announcements Office of Finance files Q2 2023 CFR for FHLBanks The Office of Finance has published the Second Quarter 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 Second Quarter 2023 Form 10-Q with the SEC. Affordable Housing Community Investments FHLBank Indianapolis increases HomeBoost allocation to $2.5 million In an effort to help make homeownership more equitable in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis has allocated $2 million in additional funds for the Bank's pilot HomeBoost minority down payment assistance program. Finance News Public Announcements FHLBank Indianapolis declares second quarter 2023 dividends, reports earnings On July 27, 2023, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2023 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 7.5% and 2.5%, respectively. Federal Home Loan Bank Indianapolis Public Announcements FHLBank Indianapolis 2023 invitation for Board of Directors Candidates Nominations for the 2023 FHLBank Indianapolis Director Election will open on June 16, 2023. Open positions include two Member Directors from Michigan and two Independent Directors, who may be from Indiana or Michigan. Nominations will close at 5 p.m. (EDT) July 17, 2023. Federal Home Loan Bank Indianapolis Member Announcements Office of Finance files Q1 2023 CFR for FHLBanks The Office of Finance has published the First 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 of the FHLBanks has filed its First Quarter 2023 Form 10-Q with the SEC. Affordable Housing Public Announcements 2022 Affordable Housing Advisory Council (AHAC) report released The Federal Home Loan Bank of Indianapolis continues to support the communities we serve through our affordable housing and community investment programs. Finance News Press Room Federal Home Loan Bank of Indianapolis declares Q1 2023 dividends, reports earnings On April 27, 2023, the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its first quarter 2023 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 6.75% and 2.25%, respectively. Business News Public Announcements Board of Directors seats 2 new members in special election The Federal Home Loan Bank of Indianapolis is pleased to announce that two vacant seats on the Board of Directors were filled during the Board's recent 2023 special election. Business News Member Announcements FHLBank Indianapolis adds Michigan CDFI member FHLBank Indianapolis is growing its membership of certified Community Development Financial Institutions (CDFI) in Michigan. On March 22, 2023, CORE Community Partners of Bingham Farms, Mich., purchased its initial stock to join the Bank, per the FHLBank Indianapolis Capital Plan.