Federal Home Loan Bank of Indianapolis
07/25/2024 | Press release | Distributed by Public on 07/25/2024 13:37
FHLBank Indianapolis announces second quarter 2024 dividends, reports earnings
FHLBank Indianapolis announces second quarter 2024 dividends, reports earnings
LAST UPDATED ON THURSDAY, JULY 25, 2024 IN FEDERAL HOME LOAN BANK INDIANAPOLIS
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. The higher dividend rate on activity-based stock reflects the Board's discretion under the Bank's capital plan to reward members that use FHLBank Indianapolis in support of their liquidity needs.
President and CEO Cindy Konich, FHLBank Indianapolis"Our latest financial results underscore our solid track record of success in meeting member liquidity needs, as well as the innovative ways we support affordable housing and community development needs through our statutory and increased voluntary allocations," President and CEO Cindy Konich (right) said.
The dividends will be paid in cash on July 26, 2024.
Click here to read the Bank's full news release.