Federal Home Loan Bank of Cincinnati 8-K

What Happened The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) filed an 8‑K on January 8, 2026 (Item 2.03) reporting the creation of a direct financial obligation. The filing notes that the FHLB obtains most of its funding by issuing Consolidated Obligations—Consolidated Bonds and Consolidated Discount Notes—sold to the public through the Office of Finance. These Consolidated Obligations are joint and several obligations of the 11 Federal Home Loan Banks and are backed only by the financial resources of those Banks; they are not guaranteed by the U.S. government. The filing also references Schedule A, which lists Consolidated Bonds the FHLBs committed to issue for which FHLB Cincinnati is the primary obligor (including assumed primary repayment obligations from other FHLBs with remaining maturity over one year since the last Current Report).

Key Details

• Filing date: January 8, 2026 (Form 8‑K, Item 2.03).
• Securities involved: Consolidated Obligations (Consolidated Bonds and Consolidated Discount Notes) sold via the Office of Finance.
• Legal structure: Consolidated Obligations are joint and several obligations of all 11 Federal Home Loan Banks and are backed only by those Banks’ financial resources—no U.S. government guarantee.
• Schedule A (attached to the filing) lists specific Consolidated Bonds for which FHLB Cincinnati is the primary obligor, including assumed obligations from other Federal Home Loan Banks with >1 year remaining maturity.

Why It Matters This filing documents FHLB Cincinnati taking on specific debt obligations as primary obligor under the collective Consolidated Obligations program. For investors and counterparties, the filing clarifies the source and structure of the debt (office of Finance distribution, joint-and-several backing by the 11 FHLBs) and underscores that these obligations are not U.S. government guaranteed—relevant when assessing credit exposure, funding sources, and liquidity of the Bank and the Federal Home Loan Bank System.