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 15, 2026 (Item 2.03) reporting the creation of a direct financial obligation through commitments to issue Consolidated Bonds. 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. These securities are backed only by the financial resources of the 11 Banks and are not guaranteed by the U.S. government. Schedule A to the filing lists the Consolidated Bonds for which FHLB Cincinnati is the primary obligor (including any assumed obligations from other Federal Home Loan Banks with remaining maturities over one year since the last report).

Key Details

• Filing: Current Report on Form 8‑K, Item 2.03 — Creation of a Direct Financial Obligation (filed Jan 15, 2026).
• Instrument: Consolidated Bonds (part of Consolidated Obligations) sold via the Office of Finance.
• Credit structure: Consolidated Obligations are joint and several obligations of all 11 Federal Home Loan Banks and are not U.S. government guaranteed.
• Schedule A: Identifies the specific Consolidated Bonds committed to be issued for which FHLB Cincinnati is the primary obligor, and any assumed primary repayment obligations from other FHLBs with >1 year remaining maturity.

Why It Matters This filing confirms FHLB Cincinnati has taken on direct debt obligations through the joint Consolidated Obligations program, which is a primary source of the Bank’s funding. Because these obligations are backed only by the collective resources of the 11 Federal Home Loan Banks (not the federal government), investors should note the credit depends on the Banks’ financial strength. Retail investors wanting details on amounts, maturities and potential impact on funding or credit exposure should review Schedule A in the filing and monitor subsequent disclosures.