FHLB Cincinnati Announces Second Quarter 2022 Results

The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the second quarter ended June 30, 2022.

For the second quarter, net income was $41 million and return on average equity (ROE) was 3.38 percent. This compares to net income of $0.3 million and ROE of 0.03 percent for the same period of 2021. For the first six months of 2022, net income was $57 million and ROE was 2.48 percent, compared to net income of $19 million and ROE of 0.97 percent for the same period of 2021.

Total assets at June 30, 2022 were $103.1 billion, an increase of $42.4 billion (70 percent) from year-end 2021.

Mission Assets and Activities - comprising major activities with members including Advances, Letters of Credit (off-balance sheet), and the Mortgage Purchase Program - were $100.3 billion at June 30, 2022, an increase of $35.1 billion (54 percent) from year-end 2021. The growth in Mission Assets and Activities was driven by a $33.0 billion increase in Advance balances. The increase in Advances was primarily due to members' higher demand for liquidity, especially short-term Advances, in light of the increasing interest rate environment and uncertainties in the financial markets.

See the full release and results here.