Federal Home Loan Bank of Cincinnati 8-K

What Happened
The Federal Home Loan Bank of Cincinnati filed an 8-K on January 27, 2026 (Item 2.03) reporting the creation of a direct financial obligation through commitments to issue Consolidated Bonds. These Consolidated Obligations (Consolidated Bonds and Consolidated Discount Notes) are sold through the Office of Finance and are joint and several obligations of the 11 Federal Home Loan Banks.

Key Details

• The filing reports commitments to issue Consolidated Bonds for which FHLB Cincinnati is the primary obligor (listed on Schedule A of the filing).
• Consolidated Obligations are issued via authorized securities dealers through the Office of Finance.
• By regulation of the Federal Housing Finance Agency (FHFA), these obligations are the joint and several responsibility of all 11 Federal Home Loan Banks and are backed only by their financial resources— they are not guaranteed by the U.S. government.
• Schedule A also includes any Consolidated Bonds with remaining maturities over one year for which Cincinnati assumed primary repayment responsibility from another FHLB since its last Current Report.

Why It Matters
This filing notifies investors that FHLB Cincinnati has taken on or committed to be the primary obligor for certain joint debt issues, which affects the Bank’s reported direct financial obligations. Investors should note that Consolidated Obligations are collective obligations of the Federal Home Loan Banks and are not federally guaranteed—credit exposure depends on the collective financial resources of the 11 banks rather than the U.S. government.