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Federal Home Loan Bank Of Cincinnati (1326771) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Federal Home Loan Bank Of Cincinnati

CIK: 1326771
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News Release
John Byczkowski, FHLB Cincinnati
FOR IMMEDIATE RELEASE
513.852.7085 (office) or 513.382.7615 (cell)
October 29, 2019
    
FHLB CINCINNATI ANNOUNCES THIRD QUARTER 2019 RESULTS

Cincinnati, Ohio – The Federal Home Loan Bank of Cincinnati (the FHLB) today released unaudited financial results for the third quarter ended September 30, 2019.
Operating Results
For the third quarter, net income was $63 million and return on average equity (ROE) was 5.36 percent. This compares to net income of $92 million and ROE of 6.87 percent for the same period of 2018. For the first nine months of 2019, net income was $200 million and ROE was 5.35 percent, compared to net income of $259 million and ROE of 6.41 percent for the same period of 2018.
Net interest income decreased in both comparison periods primarily due to lower Advance balances and lower spreads earned on Advances. However, these decreases were partially offset by higher non-interest income (loss) in both comparison periods primarily due to net gains realized on certain derivatives.
Balance Sheet Highlights
Total assets at September 30, 2019 were $100.2 billion, an increase of $1.0 billion (one percent) from year-end 2018.
Mission Asset Activity – comprising major activities with members including Advances, Letters of Credit (off-balance sheet), and the Mortgage Purchase Program – was $73.7 billion at September 30, 2019, a decrease of $6.5 billion (eight percent) from year-end 2018. The decline in Mission Asset Activity was driven by lower Advance balances.
Total investments at September 30, 2019 were $42.4 billion, an increase of $8.8 billion (26 percent) from year-end 2018. The increase in investments was driven by the purchase of $9.3 billion of U.S. Treasury obligations as part of the FHLB's plan to manage a new liquidity requirement that became effective on March 31, 2019. Total investments included $14.0 billion of mortgage-backed securities and $28.4 billion of other investments, which were mostly held for liquidity. The FHLB continued to maintain a robust amount of liquidity in order to meet the borrowing needs of members and to meet all current and anticipated financial commitments.
The FHLB exceeded all minimum regulatory capital and liquidity requirements. On September 30, 2019, GAAP capital was $4.6 billion, a decrease of 13 percent from year-end 2018, which primarily resulted from the repurchase of excess capital stock. The GAAP and regulatory capital-to-assets ratios were 4.63 percent and 4.67 percent, respectively, at September 30, 2019. Retained earnings grew three percent in the first nine months of 2019 to end the quarter at $1.1 billion.




The following information was filed by Federal Home Loan Bank Of Cincinnati on Tuesday, October 29, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Statements Of Capital
Statements Of Cash Flows
Statements Of Comprehensive Income
Statements Of Condition
Statements Of Condition (Parenthetical)
Statements Of Income
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive (Loss) Income (Details)
Accumulated Other Comprehensive (Loss) Income (Tables)
Advances
Advances (Advance Redemption Terms) (Details)
Advances (Advances By Interest Rate Payment Terms) (Details)
Advances (Advances By Year Of Contractual Maturity Or Next Put/Convert Date For Putable/Convertible Advances) (Details)
Advances (Borrowers Holding Five Percent Or More Of Total Advances) (Details)
Advances (Year Of Contractual Maturity Or Next Call Date) (Details)
Advances Advances (Tables)
Affordable Housing Program (Ahp)
Affordable Housing Program (Ahp) (Details)
Affordable Housing Program (Ahp) (Tables)
Allowance For Credit Losses
Allowance For Credit Losses (Details)
Allowance For Credit Losses (Tables)
Allowance For Credit Losses Narrative (Details)
Allowance For Credit Losses Rollforward Of Lra (Details)
Allowance For Credit Losses Schedule Of Loans Outstanding And Past Due (Details)
Available-For-Sale Securities
Available-For-Sale Securities (Tables)
Available-For-Sale Securities Contractual Maturity (Details)
Available-For-Sale Securities Interest Rate Payment Terms (Details)
Available-For-Sale Securities Major Security Type (Details)
Available-For-Sale Securities Narrative (Details)
Background Information
Background Information (Details)
Basis Of Presentation (Notes)
Capital
Capital (Details)
Capital (Mandatorily Redeemable Capital Stock By Contractual Year Of Redemption) (Details)
Capital (Mandatorily Redeemable Capital Stock) (Details)
Capital (Tables)
Capital Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Commitments And Contingencies (Tables)
Consolidated Obligations
Consolidated Obligations (Details)
Consolidated Obligations (Tables)
Deposits
Deposits (Tables)
Deposits Deposits (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (Tables)
Derivatives And Hedging Activities Derivative Fair Value Hedges (Details)
Derivatives And Hedging Activities Derivatives In Statement Of Condition (Details)
Derivatives And Hedging Activities Derivatives In Statement Of Income (Details)
Derivatives And Hedging Activities Derivatives In Statement Of Income And Impact On Interest (Details)
Derivatives And Hedging Activities Offsetting Of Derivative Assets And Derivative Liabilities (Details)
Fair Value Disclosures
Fair Value Disclosures Fair Value (Tables)
Fair Value Disclosures Fair Value Difference Between Fair Value And Remaining Contractual Principal Balance Outstanding (Details)
Fair Value Disclosures Fair Value Impact On Financial Performance (Details)
Fair Value Disclosures Fair Value Measured On A Recurring Basis (Details)
Fair Value Disclosures Fair Value Summary (Details)
Held-To-Maturity Securities
Held-To-Maturity Securities (Continuous Unrealized Loss Position) (Details)
Held-To-Maturity Securities (Contractual Maturity) (Details)
Held-To-Maturity Securities (Interest Rate Payment Terms) (Details)
Held-To-Maturity Securities (Major Security Types) (Details)
Held-To-Maturity Securities (Net Premuims) (Details)
Held-To-Maturity Securities (Tables)
Held-To-Maturity Securities Narrative (Details)
Mortgage Loans Held For Portfolio
Mortgage Loans Held For Portfolio (Details 2)
Mortgage Loans Held For Portfolio (Details)
Mortgage Loans Held For Portfolio (Tables)
Other-Than-Temporary Impairment Analysis
Pension And Postretirement Benefit Plans
Pension And Postretirement Benefit Plans (Tables)
Pension And Postretirement Benefit Plans Narrative (Details)
Pension And Postretirement Benefit Plans Net Periodic Benefit Cost (Details)
Recently Issued Accounting Standards And Interpretations
Recently Issued Accounting Standards And Interpretations (Policies)
Recently Issued Accounting Standards And Interpretations Narrative (Details)
Segment Information
Segment Information (Tables)
Segment Information Asset Balances (Details)
Segment Information Financial Performance (Details)
Trading Securities
Trading Securities (Net (Losses) Gains On Trading Securities) (Details)
Trading Securities (Tables)
Trading Securities (Trading Securities By Major Type) (Details)
Transactions With Other Fhlbanks
Transactions With Other Fhlbanks (Details)
Transactions With Other Fhlbanks (Tables)
Transactions With Stockholders
Transactions With Stockholders (Concentrations) (Details)
Transactions With Stockholders (Details)
Transactions With Stockholders (Tables)

Material Contracts, Statements, Certifications & more

Federal Home Loan Bank Of Cincinnati provided additional information to their SEC Filing as exhibits

CIK: 1326771
Form Type: 10-Q Quarterly Report
Accession Number: 0001326771-19-000084
Submitted to the SEC: Thu Nov 07 2019 2:16:30 PM EST
Accepted by the SEC: Thu Nov 07 2019
Period: Monday, September 30, 2019
Industry: Federal And Federally Sponsored Credit Agencies

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