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Federal Home Loan Bank Of Cincinnati (1326771) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Federal Home Loan Bank Of Cincinnati

CIK: 1916412

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News Release
John Byczkowski, FHLB Cincinnati
FOR IMMEDIATE RELEASE
513.852.7085 (office) or 513.382.7615 (cell)
July 29, 2020
        
FHLB CINCINNATI ANNOUNCES SECOND QUARTER 2020 RESULTS

Cincinnati, Ohio – The Federal Home Loan Bank of Cincinnati (the FHLB) today released unaudited financial results for the second quarter ended June 30, 2020.
Operating Results
For the second quarter, net income was $99 million and return on average equity (ROE) was 7.12 percent. This compares to net income of $64 million and ROE of 5.09 percent for the same period of 2019. For the first six months of 2020, net income was $179 million and ROE was 7.04 percent, compared to net income of $137 million and ROE of 5.34 percent for the same period of 2019.
Net income increased in the year-to-date comparison period primarily due to higher non-interest income as a result of gains on the sale of certain derivatives during the first quarter of 2020. These gains were partially offset by unrealized losses on other instruments held at fair value in response to changes in interest rates. Despite the large reductions in both short- and long-term interest rates, net income increased in the quarter-to-date comparison period primarily due to higher Advance-related activity. Average Advance balances were higher in the second quarter of 2020 as a result of members' increased borrowings in March 2020 as the financial markets reacted to the coronavirus pandemic (COVID-19). Many of these Advances matured or prepaid before the end of the second quarter of 2020.
Balance Sheet Highlights
Total assets at June 30, 2020 were $90.6 billion, a decrease of $2.8 billion (three percent) from year-end 2019.
Mission Asset Activity – comprising major activities with members including Advances, Letters of Credit (off-balance sheet), and the Mortgage Purchase Program – was $82.3 billion at June 30, 2020, an increase of $7.0 billion (nine percent) from year-end 2019. The increase in Mission Asset Activity was primarily driven by growth in Letters of Credit balances.
Total investments at June 30, 2020 were $29.5 billion, a decrease of $4.9 billion (14 percent) from year-end 2019. Total investments included $12.0 billion of mortgage-backed securities and $17.5 billion of liquidity investments. Total investments dropped at June 30, 2020 primarily due to lower liquidity investments. However, 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 following information was filed by Federal Home Loan Bank Of Cincinnati on Wednesday, July 29, 2020 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)
Advances Narrative (Details)
Affordable Housing Program (Ahp)
Affordable Housing Program (Ahp) (Details)
Affordable Housing Program (Ahp) (Tables)
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 (Tables)
Consolidated Obligations Bonds By Call Feature (Details)
Consolidated Obligations Bonds By Contractual Maturity Or Next Call Date (Details)
Consolidated Obligations Bonds By Interest-Rate Type (Details)
Consolidated Obligations Bonds By Original Contractual Maturity (Details)
Consolidated Obligations Discount Notes (Details)
Deposits
Deposits (Details)
Deposits (Tables)
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)
Investments
Investments (Tables)
Investments Afs Securities By Contractual Maturity (Details)
Investments Afs Securities By Interest Rate Payment Terms (Details)
Investments Afs Securities By Major Security Type (Details)
Investments Afs Securities Continuous Unrealized Loss Position (Details)
Investments Htm Securities By Interest Rate Payment Terms (Details)
Investments Htm Securities By Major Security Type (Details)
Investments Htm Securities Net Premuims (Discounts) (Details)
Investments Htm Securitites By Contractual Maturity (Details)
Investments Narrative (Details)
Investments Trading Securities By Major Security Type (Details)
Investments Trading Securities Net Gains (Losses) (Details)
Mortgage Loans
Mortgage Loans (Tables)
Mortgage Loans Members With Five Percent Or More Of Mortgage Loans (Details)
Mortgage Loans Mortgage Loans Allowance Rollforward (Details)
Mortgage Loans Mortgage Loans Held For Portfolio (Details)
Mortgage Loans Mortgage Loans Other Delinquency Status (Details)
Mortgage Loans Mortgage Loans Past Due (Details)
Mortgage Loans Mortgage Loans Rollforward Of Lra (Details)
Mortgage Loans Narrative (Details)
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)
Segment Information
Segment Information (Tables)
Segment Information Asset Balances (Details)
Segment Information Financial Performance (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: 0001326771-20-000118
Submitted to the SEC: Thu Aug 06 2020 1:56:49 PM EST
Accepted by the SEC: Thu Aug 06 2020
Period: Tuesday, June 30, 2020
Industry: Federal And Federally Sponsored Credit Agencies

External Resources:
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