News

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 2023 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. 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