Thrifts and Mortgage Finance
Company Overview of Federal Home Loan Bank of Indianapolis
Federal Home Loan Bank of Indianapolis, a regional wholesale bank, provides loans, grants, and business services to member financial institutions in Indiana and Michigan. The company operates through two segments, Traditional and Mortgage Loans. The Traditional segment offers various credit products, including advances, such as fixed-rate bullet, putable, fixed-rate amortizing, adjustable-rate, variable-rate, and callable advances; standby letters of credit; and lines of credit. This segment also provides a portfolio of investments, including federal funds sold, securities purchased under agreement to resell, AFS securities, and HTM securities, as well as deposit products, such as overnight ...
8250 Woodfield Crossing Boulevard
Indianapolis, IN 46240
Key Executives for Federal Home Loan Bank of Indianapolis
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Accounting Officer and Senior Vice President
Chief Risk Officer and Senior Vice President
Chief Information Officer, Senior Vice President and MPP Operations Officer
Compensation as of Fiscal Year 2014.
Federal Home Loan Bank of Indianapolis Key Developments
Federal Home Loan Bank of Indianapolis Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015
Apr 29 15
Federal Home Loan Bank of Indianapolis reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the bank reported other income of $4 million, net income of $31 million on net interest income after provision for credit losses of $48 million against other income of $6 million, net income of $34 million on net interest income after provision for credit losses of $48 million reported for the same period a year ago. The bank's net income decreased compared to the same period in the prior year due primarily to unrealized losses in 2015 related to derivative and hedging activities, partially offset by higher net proceeds from litigation settlements related to certain of private-label mortgage-backed securities.
Federal Home Loan Bank of Indianapolis Declares Dividends on Class B-1 and Class B-2 Capital Stock, Payable on April 30, 2015
Apr 29 15
The board of directors of the Federal Home Loan Bank of Indianapolis declared dividends on class B-1 and class B-2 capital stock at annualized rates of 4.00% and 3.20%, respectively. These dividend rates are consistent with those paid on fourth quarter 2014 earnings. The dividend amounts will be paid in cash on April 30, 2015.
The Federal Home Loan Bank of Indianapolis Announces Executive Changes
Feb 20 15
The Federal Home Loan Bank of Indianapolis announced the retirement of its Executive Vice President - Finance, Robert E. Gruwell. On February 17, 2015, Mr. Gruwell informed the Bank's President - Chief Executive Officer (CEO) of his decision to retire effective April 3, 2015. Mr. Gruwell has served as the Bank's Principal Financial Officer (PFO) under the rules of the Securities and Exchange Commission since July 2013, when he was appointed as the Bank's Chief Financial Officer. It is expected that Gregory L. Teare, the Bank's current Chief Financial Officer will serve as PFO following Mr. Gruwell's retirement.
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