On July 29, 2021, FHLBank Indianapolis issued its second quarter 2021 earnings release. Our Board of Directors declared dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.25% and 1.00%, respectively. The dividends were paid in cash on July 30, 2021.

Please click here to read the full earnings release.

We are pleased to announce the addition of Jaime Carver to our sales and marketing team as a Senior Account Manager. Jaime has spent 22 years in finance, accounting, budgeting and Treasury roles, primarily in the banking industry and most recently with Flagstar Bank.

Jaime is a graduate of University of Michigan with a BBA in Finance and an MBA in Marketing from Oakland University. When Jaime is not on the road visiting members, she will work from our newly established office in downtown Detroit.

Jaime is a fitness enthusiast and enjoys spending time with her husband and two daughters at their cabin in northern Michigan where they enjoy boating in the warmer months and skiing and snowboarding in the winter months.

FHLBank Indianapolis has extended the eviction moratorium for foreclosed borrowers until September 30, 2021. Click here to read MPP Bulletin 09-21.

Another MPP Bulletin was posted on August 5th regarding properties affected by federally declared disasters. The initiative is intended to help borrowers return to their homes and lives. This Bulletin was prompted by the FEMA announcement of a federal disaster due to severe storms, floods and tornadoes in Washtenaw and Wayne Counties in Michigan. Click here to read MPP Bulletin 10-21.

FHLBank Indianapolis has also released an updated MPP Guide. Updates include FHLBank Indianapolis's standards for purchasing mortgages that utilize eNotes, More information will be released on eNotes in coming weeks. Click here to the view the New MPP Guide.

Please contact our MPP Department at 1-800-274-4636 with questions.

Do you know a champion at an FHLBank Indianapolis member who has shown a commitment to affordable housing and community development?

They may be eligible for the FHLBank Indianapolis Community Spirit Award, which recognizes an outstanding individual making a difference in Indiana and Michigan. In addition to the recognition, FHLBank Indianapolis makes a cash donation to the charity or nonprofit organization of the Community Spirit Award recipients' choice.

FHLBank Indianapolis is now accepting nominations for an Indiana and Michigan recipient for the 2021 Community Spirit Award through August 13, 2021. Nominees must be employed by a chartered FHLBank Indianapolis financial institution.

Last year, FHLBank Indianapolis awarded an Elevate small business grant to Detroit Cycling Studio in Detroit, Michigan through member financial institution First Independence Bank. Despite the COVID-19 pandemic, Detroit Cycling Studio was able to pivot to a virtual online platform with the help of the Elevate Grant. The small business purchased 50 custom branded indoor cycling bikes for their clients to rent and use in their own homes and saw an increase in memberships.

Has your institution submitted the 2021 Community Support Statement? 

Every two years, the Federal Housing Finance Agency (FHFA) is required to consider each Federal Home Loan Banks member’s performance under the Community Reinvestment Act of 1977. The requirement applies to ALL FHLBank Indianapolis members, even if your institution is not subject to CRA. The Community Support Statement (CSS) is used to determine a member’s access to long-term FHLBI advances, the Affordable Housing Program (AHP), and targeted Community Investment Cash Advances (CICA) programs. It is important that your institution submits its CSS to retain access to all the aforementioned products/services. 

All members need to submit their CSS via the FHFA portal to satisfy this requirement. The FHFA began accepting Community Support Statements on April 1, 2021. To verify whether your institution has submitted its CSS, for help accessing the FHFA portal, or if you have general questions about CSS, please contact Anastasia Weinreich (CID Compliance Analyst) at aweinreich@fhlbi.com.

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