8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 16, 2010

Federal Home Loan Bank of Cincinnati
__________________________________________
(Exact name of registrant as specified in its charter)

Federally Chartered Corporation	000-51399	31-6000228
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
1000 Atrium Two, P.O. Box 598, Cincinnati, Ohio		45201-0598
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 513-852-7500

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 18, 2010, the Bank's board of directors (the "Board") declared five individuals elected in the Bank's 2010 election of directors (the "2010 Director Election") with each serving a four-year term to commence January 1, 2011. The Board comprises member directors and independent directors who are elected by the Bank's members, as discussed under "Item 10-Directors, Executive Officers, and Corporate Governance" of the Bank's 2009 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 18, 2010 (the "2009 Annual Report").

After reviewing the results of the 2010 Director Election, the Board declared the following individuals elected as Member directors:

-- James R. DeRoberts, Chairman and Chief Executive Officer of The Arlington Bank, Upper Arlington, Ohio. Mr. Roberts is an incumbent director re-elected to his second consecutive term on the Board.

-- James A. England, Chairman, President, and Chief Executive Officer of Decatur County Bank, Decaturvi lle, Tennessee. This will be Mr. England's first term on the Board.

-- William S. Stuard Jr., President and Chief Executive Officer of F&M Bank, Clarksville, Tennessee. This will be Mr. Stuard’s first term on the Board.

In addition, after reviewing the results of the 2010 Director Election, the Board declared the following individuals elected as Independent directors. Both directors had previously been appointed to the Board:

-- Charles J. Koch, Bratenahl, Ohio, Principal/Owner, Lakehurst Associates. This is Mr. Koch's second consecutive term on the Board.

-- Carl F. Wick, Centerville, Ohio, Principal and Owner, Wick and Associates Business Consulting. This is Mr. Wick's third consecutive term on the Board.

The 2011 Board committees on which the above individuals will be named to serve have not yet been determined as of the date of this filing.

The 2010 Director Election took place in accordance with the rules governing the election of Federal Home Loan Bank d irectors specified in the Federal Home Loan Bank Act ("Bank Act") and the related Finance Agency regulations. For a description of the Bank's director election process, as well as director compensation, see "Item 10-Directors, Executive Officers, and Corporate Governance" of the Bank's 2009 Annual Report.

For information on director independence and transactions with related persons, see "Item 13-Certain Relationships and Related Transactions, and Director Independence" of the Bank's 2009 Annual Report.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On November 16, 2010, the Bank tallied the preliminary voting results for the 2010 Director Election, which the Board declared final on November 18, 2010 as described in Item 5.02 of this Current Report. Complete voting results were described in a letter to the Bank’s members sent November 18, 2010, which is attached as Exhibit 99.1 to this Current Report, and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Letter to members.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Federal Home Loan Bank of Cincinnati
November 19, 2010	By:	Thomas J. Ciresi
		Name: Thomas J. Ciresi
		Title: Senior Vice President, Member Services

Exhibit Index

Exhibit No.	Description
99.1	Letter to members.

EX-99.1

NewsLine

November 18, 2010

TO ALL MEMBERS:

BOARD OF DIRECTORS ELECTION RESULTS ANNOUNCED

At its November 18 meeting, the Board of Directors of the Federal Home Loan Bank of Cincinnati ratified the results of the 2010 Member and Independent Director Elections. All terms commence January 1, 2011 and end December 31, 2014. We are pleased to announce the election results.

Member director elections were held to fill one seat in Ohio and two seats in Tennessee. In Ohio, incumbent director James R. DeRoberts has been re-elected to serve his second term on the Board. In Tennessee, James A. England and William S. Stuard Jr. were newly elected to the Board.

In the at-large election of two Independent directors, incumbent directors Charles J. Koch and Carl F. Wick were elected to the Board. Both Mr. Koch and Mr. Wick received more than the minimum 20 percent of eligible votes and possess financial and management qualifications, in accordance with Federal Housing Finance Agency regulations. Neither seat is a Public Interest directorship.

MEMBER DIRECTOR ELECTION RESULTS

Ohio – 1 elected seat

Number of members eligible to vote:	311
Number of members voting:	180
Total eligible votes per candidate:	3,260,041
Actual votes cast	1,942,421

James R. DeRoberts
Chairman and Chief Executive Officer
The Arlington Bank, Upper Arlington, Ohio
Total Votes: 1,518,321

Shon B. Myers
Chairman, President, and Chief Executive Officer
Farmers & Merchants Bank, Miamisburg, Ohio
Total Votes: 421,950

Tennessee – 2 elected seats

Number of members eligible to vote:	206
Number of members voting:	139
Total eligible votes per candidate:	1,416,637
Actual votes cast	937,123

James A. England
Chairman, President, and Chief Executive Officer
Decatur County Bank, Decaturville, Tennessee
Total Votes: 669,833

William S. Stuard Jr.
President and Chief Executive Officer
F&M Bank, Clarksville, Tennessee
Total Votes: 443,847

George L. Atwood
Chairman and Chief Executive Officer
Farmers & Merchants Bank, Trezevant, Tennessee
Total Votes: 317,159

Spencer A. Pratt
Vice President, Business Development
Leaders Credit Union, Jackson, Tennessee
Total Votes: 139,107

R. Craig Holley
Chairman, President, and Chief Financial Officer
CapitalMark Bank, Chattanooga, Tennessee
Total Votes: 129,130

INDEPENDENT DIRECTOR ELECTION RESULTS

Districtwide – 2 elected seats

Number of members eligible to vote:	735
Number of members voting:	337
Total eligible votes per candidate:	5,738,609
Actual votes cast	2,731,354

Charles J. Koch
Principal/Owner, Lakehurst Associates
Bratenahl, Ohio
Total Votes: 2,527,646, or 44 percent of votes eligible to be cast

Carl F. Wick
Principal and Owner, Wick and Associates Business Consulting
Centerville, Ohio
Total Votes: 2,433,404, or 42 percent of votes eligible to be cast

On behalf of the Board and staff, I would like to congratulate our new and returning Directors.

David H. Hehman

President and CEO