0001299933-18-000550.txt : 20180703 0001299933-18-000550.hdr.sgml : 20180703 20180703111955 ACCESSION NUMBER: 0001299933-18-000550 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180703 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180703 DATE AS OF CHANGE: 20180703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federal Home Loan Bank of Cincinnati CENTRAL INDEX KEY: 0001326771 STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111] IRS NUMBER: 316000228 STATE OF INCORPORATION: X1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51399 FILM NUMBER: 18935248 BUSINESS ADDRESS: STREET 1: 221 E. 4TH STREET STREET 2: 600 ATRIUM TWO CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 513-852-7500 MAIL ADDRESS: STREET 1: 600 ATRIUM TWO STREET 2: P.O. BOX 598 CITY: CINCINNATI STATE: OH ZIP: 45201-0598 8-K 1 htm_56275.htm LIVE FILING Federal Home Loan Bank of Cincinnati (Form: 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):   July 3, 2018

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.)
      
600 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company [  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

Item 7.01 Regulation FD Disclosure.

On July 3, 2018, the Federal Home Loan Bank of Cincinnati (the "FHLB") notified its membership of the FHLB’s planned redemption and repurchase of $300 million of Class B Capital Stock. A copy of the member notification is included as Exhibit 99.1 to this Current Report, and is incorporated into Item 7.01 by reference.

The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and contained in Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.





Item 9.01 Financial Statements and Exhibits.

99.1 Member Announcement dated July 3, 2018





Exhibit Index


     
Exhibit No.   Description
 
99.1
  Member Announcement dated July 3, 2018

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
          
July 3, 2018   By:   R. Kyle Lawler
       
        Name: R. Kyle Lawler
        Title: Executive Vice President and Chief Business Officer

EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

[graphic]NewsLine

     
 
   July 3, 2018
TO ALL MEMBERS:
 

BOARD OF DIRECTORS AUTHORIZES STOCK REPURCHASE

The Board of Directors (“Board”) of the Federal Home Loan Bank of Cincinnati (“FHLB”) has authorized a $300 million Redemption and Repurchase of Member Excess Stock. This repurchase is being undertaken for general capital management purposes and in accordance with Article VI.7 of the FHLB’s Capital Plan. The excess stock repurchase was based on Members’ capital stock balances as of the close of business July 2, 2018.

Please note that only the portion of a Member’s Excess Stock balance greater than its Protected Excess Stock amount is subject to the repurchase. While the FHLB used Members’ excess stock balances as of July 2, 2018 for purposes of determining the potential repurchase amount, the actual repurchase will not settle until the close of business on Monday, July 9, 2018. The proceeds from any repurchased capital stock ($100 par value) will be available to wire out of the Member’s FHLB demand deposit account on July 10, 2018.

For Members affected by the repurchase, an initial estimate of the repurchase amount will be available under the Capital Stock report section of our Members Only website (https://www.fhlbcin.com/our-members/). The report will be titled Repurchase Notice. Any increase in your Advance, Funds & Rate Commitment, or Mortgage Purchase Program activity between today and next Monday, July 9, 2018, may result in a lower amount of excess stock to be repurchased as compared to the initial estimate. For Members that do not have excess stock scheduled to be repurchased, the Repurchase Notice report will not be available.

If you have any questions regarding this NewsLine, please contact your Member Services representative at 877-925-3452, or James C. Frondorf, First Vice President of Credit Services, at 800-828-4191.

 
Andrew S. Howell
President and CEO