![]() ![]() ![]() ![]() Net interest income after provision for credit losses was $59 million, an increase of $10 million compared to the same quarter in the prior year as a result of asset growth and higher spreads.įor the three months ended March 31, 2017, the Bank allocated $4 million to its Affordable Housing Program ("AHP"), which provides grant funding for housing to low- and moderate-income families in Michigan and Indiana. The Bank's net interest income is primarily determined by the spread between the interest earned on assets and the interest cost of consolidated obligations.įHLBI's net income for the first quarter of 2017 was $32 million, an increase of $5 million compared to the same quarter in the prior year, primarily due to higher net interest income, partially offset by net losses on derivatives and hedging activities. The dividends will be paid in cash on April 28, 2017.įHLBI derives its net income primarily through interest income earned on advances to and mortgage loans purchased from its Michigan and Indiana member financial institutions, as well as on long- and short-term investments. INDIANAPOLIS, Ap(GLOBE NEWSWIRE) - Today the Board of Directors of the Federal Home Loan Bank of Indianapolis ("FHLBI" or "Bank") declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 4.25% and 3.40%, respectively. ![]()
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