June 23, 2018 7:10 AM 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, available-for-sale securities, and held-to-maturity securities; correspondent services consisting of wire transfer, security saf...

8250 Woodfield Crossing Boulevard

Indianapolis, IN 46240

United States

Founded in 1932

238 Employees

Phone:

317-465-0200

Key Executives for Federal Home Loan Bank of Indianapolis

President & CEO
Age: 60
Executive VP & CFO
Age: 63
Senior VP & Chief Business Operations Officer
Age: 49
Senior VP & Chief Accounting Officer
Age: 60
Senior VP, General Counsel, Chief Compliance Officer & Acting Corporate Secretary
Age: 57
Compensation as of Fiscal Year 2017.

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, 2018

Federal Home Loan Bank of Indianapolis announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net interest income after provision for credit losses was $70 million against $59 million a year ago, increase primarily as a result of an increase in the average balance of assets throughout the quarter. Net income was $48 million against $32 million a year ago, increase primarily due to higher net interest income as well as net gains on derivatives and hedging activities.

Federal Home Loan Bank of Indianapolis Declares First Quarter 2018 Dividends, Payable on April 27, 2018

The Board of Directors of the Federal Home Loan Bank of Indianapolis declared its first quarter 2018 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 27, 2018.

Federal Home Loan Bank of Indianapolis Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017

Federal Home Loan Bank of Indianapolis announced unaudited earnings results for the fourth quarter and full year ended December 31, 2017. Net income for the fourth quarter of 2017 was $46 million, an increase of $6 million compared to the same quarter in the prior year, primarily due to higher net interest income, partially offset by lower net gains on derivatives and hedging activities. Net interest income after provision for credit losses was $70 million, an increase of $16 million compared to the same quarter in the prior year as a result of asset growth and higher spreads. Net income for the year 2017 was $156 million, an increase of $43 million compared to the prior year, primarily due to higher net interest income, partially offset by net losses on derivatives and hedging activities. Net interest income after provision for credit losses was $262 million, an increase of $64 million compared to the prior year as a result of asset growth and higher spreads.

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