FHLB Indianapolis Cuts Second-Quarter Payout
INDIANAPOLIS – The Federal Home Loan Bank of Indianapolis said Friday it will lower its dividend for the second quarter on B-1 shares to 4.5%, and on B-2 shares to 3.6%. This compares to a rate of 5% paid on B-1 shares and 4% on B-2 shares for the same period last year. The dividends will be paid in cash on July 24 to the FHLB’s 432 financial institution members in Indiana and Michigan, including 92 credit unions. The dividends at the Indianapolis Bank compare to second-quarter payouts of 5.6% at the Atlanta Bank, 5.08% at the San Francisco Bank and 4.91% at the Dallas Bank.