June 24, 2017 1:13 PM ET

Banks

Company Overview of Federal Home Loan Bank of Indianapolis

Company Overview

Federal Home Loan Bank of Indianapolis operates as a regional wholesale bank in Michigan and Indiana. 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, as well as customized advances; letters of credit; and lines of credit. This segment also provides a portfolio of investments comprising federal funds sold, securities purchased under agreement to resell, AFS securities, and HTM securities; correspondent services consisting of wire transfer, security safekeeping, and settlement ser...

8250 Woodfield Crossing Boulevard

Indianapolis, IN 46240

United States

Founded in 1932

216 Employees

Phone:

317-465-0200

Key Executives for Federal Home Loan Bank of Indianapolis

Chief Executive Officer and President
Age: 59
Chief Financial Officer and Executive Vice President
Age: 62
Chief Business Operations Officer and Senior Vice President
Age: 48
Chief Accounting Officer and Senior Vice President
Age: 59
Chief Risk Officer and Executive Vice President
Age: 58
Compensation as of Fiscal Year 2016.

Federal Home Loan Bank of Indianapolis Key Developments

Federal Home Loan Bank of Indianapolis Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Federal Home Loan Bank of Indianapolis announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net interest income after provision for credit losses was $59 million against $49 million a year ago as a result of asset growth and higher spreads. Net income was $32 million against $27 million a year ago, primarily due to higher net interest income, partially offset by net losses on derivatives and hedging activities.

Federal Home Loan Bank of Indianapolis Declares Dividends, Payable April 28, 2017

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 4.25% and 3.40%, respectively. The dividends will be paid in cash on April 28, 2017.

Federal Home Loan Bank of Indianapolis Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Federal Home Loan Bank of Indianapolis reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. The company's net income for the fourth quarter of 2016 was $40 million, an increase of $12 million compared to the same quarter in the prior year, primarily due to net unrealized gains on derivatives and hedging activities. Net interest income after provision for credit losses for the fourth quarter of 2016 was $54 million, an increase of $2 million compared to the same quarter in the prior year. The company's net income for the year ended December 31, 2016 was $113 million, a decrease of $8 million compared to the prior year, primarily due to higher other expenses and lower net proceeds from litigation settlements related to certain private-label mortgage backed securities. Net interest income after provision for credit losses for the year ended December 31, 2016 was $198 million, an increase of $2 million compared to the prior year.

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