Federal Home Loan Bank of Cincinnati Re-Elects Chair, Vice Chair

Federal Home Loan Bank of Cincinnati Re-Elects Chair, Vice Chair

CINCINNATI, Dec. 26, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of the
Federal Home Loan Bank of Cincinnati has re-elected Carl F. Wick as Chairman,
and B. Proctor Caudill Jr. as Vice Chairman. Both will serve terms beginning
January 1, 2013.

Mr. Wick, of Centerville, Ohio, is Principal/Owner of Wick and Associates
Business Consulting. He is a graduate of the Ohio State University and a
retired executive of NCR Corp. in Dayton, Ohio. Mr. Wick's early work
consisted primarily of NCR computer system installation and user training to
banks, thrifts and credit unions. He managed the NCR Financial Systems Support
and Training Centers in Chicago and Dallas, and later served as a director in
NCR's research and development division. Also, Mr. Wick retired from the Ohio
Board of Education in 2009 after serving more than eight years. He chaired
several statewide committees focused on resolving Ohio public education
issues.

Mr. Wick was appointed to the Board in 2003. In 2011 he was elected to a
four-year term that runs through 2014. He served as the Board's Vice Chair
2005-2006 before being elected Chairman in 2007 and 2009. In 2012 he was
elected Chairman of the Council of Federal Home Loan Banks, headquartered in
Washington, D.C.

Mr. Caudill is a Director of Kentucky Bank in Paris, Kentucky, and is former
Chairman, President and CEO of Peoples Bank, Morehead and Sandy Hook,
Kentucky. He is a past President of the Kentucky Bankers Association and has
also served as Chairman of the Morehead State University Foundation board of
trustees. Mr. Caudill has served on the local hospital and several other
community boards of directors.

Mr. Caudill won elections to the Board to terms beginning in 2004, 2007 and
2010, and first served as Vice Chairman beginning in 2009. He serves on the
Board's Personnel Committee, and is a representative of the FHLBank to the
Council of Federal Home Loan Banks.

The FHLBank is a $67 billion, AA+ rated, congressionally-chartered regional
wholesale bank providing financial services for residential housing and
economic development to 741 member financial institutions located in Kentucky,
Ohio and Tennessee. It has contributed $470 million for the creation of 61,000
units of lower-income housing through its Affordable Housing Program since
1990, and more than $18 million through additional, voluntary programs helping
thousands to attain or preserve homeownership. The FHLBank System includes 12
district Banks, is wholly owned by its nearly 7,800 member institution
stockholders and does not use taxpayer dollars.

This news release may contain forward-looking statements that are subject to
risks and uncertainties including, but not limited to, the effects of economic
market conditions on demand for the FHLBank's products, legislative or
regulatory developments concerning the FHLBank System, competitive forces and
other risks detailed from time to time in the FHLBank's filings with the
Securities and Exchange Commission. The forward-looking statements speak as of
the date made and are not guarantees of future performance. Actual results or
developments may differ materially from the expectations expressed or implied
in the forward-looking statements, and the FHLBank undertakes no obligation to
update any such statements.

The Federal Home Loan Bank of Cincinnati logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15484

CONTACT: John Byczkowski, FHLBank Cincinnati
         513.852.7085 (office) or 513.382.7615 (cell)
         johnb@fhlbcin.com

Federal Home Loan Bank of Cincinnati logo
 
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