FHLB Indianapolis Raises Fourth-Quarter Payout
INDIANAPOLIS – The Federal Home Loan Bank of Indianapolis said yesterday it is lifting its dividend for the fourth quarter to 5.0% for its B-1 stock and 4.0% for its B-2 stock. That compares to payouts of 4.75% and 3.80%, respectively, for the fourth quarter in 2006; and to 4.25% and 3.4%, respectively, for the third quarter in 2006. The dividend will be paid on January 23. The Indianapolis Bank has 440 members, including 94 credit unions.