News

Affordable Housing Community Investments Federal Home Loan Bank of 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. 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.