FHLB Indianapolis Cuts Second-QuarterPayout
INDIANAPOLIS - (07/17/06) The Federal Home Loan Bank ofIndianapolis said Friday it will lower its dividend for the secondquarter on B-1 shares to 4.5%, and on B-2 shares to 3.6%. Thiscompares to a rate of 5% paid on B-1 shares and 4% on B-2 sharesfor the same period last year. The dividends will be paid in cashon July 24 to the FHLBs 432 financial institution members inIndiana and Michigan, including 92 credit unions. The dividends atthe Indianapolis Bank compare to second-quarter payouts of 5.6% atthe Atlanta Bank, 5.08% at the San Francisco Bank and 4.91% at theDallas Bank.