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Stock impact report

FHLB CINCINNATI ANNOUNCES FIRST QUARTER 2024 RESULTS [Yahoo! Finance]

Federal National Mortgage Association (FNMA) 
Company Research Source: Yahoo! Finance
Overview Throughout the first quarter of 2024, the FHLB successfully delivered on its dual mission of providing access to critical liquidity funding to member financial institutions and expanding support for affordable housing and community investment. The FHLB recognizes that funding in addition to the required 10 percent statutory Affordable Housing Program (AHP) assessments is beneficial to support affordable housing and community investment needs. In the first quarter of 2024, $17 million was allocated to the required AHP and $16 million was provided to voluntary housing programs. For 2024, the Board of Directors has committed to a minimum of $38 million , or approximately five percent of prior year income subject to assessments, in voluntary housing contributions to support the FHLB's Housing and Community Investment programs. Operating Results For the first quarter, net income was $146 million and return on average equity (ROE) was 9.30 percent. This compares to net incom Show less Read more
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