FHLB Des Moines Highlights
Unique Funding Opportunity
On Tuesday, February 9, 2010, and
Wednesday, February 10, 2010, FHLB
Des Moines will offer a Unique
Funding Opportunity on its 3 Month
Repo Advance.
The advance rate will be established
on Tuesday with settlement on
Wednesday.
Contact the Money Desk with your
order on Tuesday, February 9, 2010
from 12:00 PM to 4:30 PM Central
Time with next day settlement or on
Wednesday, February 10, 2010 from
8:00 AM to 3:30 PM Central Time with
same day settlement.*
-
$500 million
available on a first come, first
served basis.
-
Limit $100
million per member.
-
Discount is not
available on Community
Investment Advances.
This UFO is
available only by calling the
Money Desk at 800.544.3452, ext.
1013 and is not available on
eAdvantage.
* FHLB Des Moines reserves the
right to terminate this offering
prior to the above stated time
without notice.
Presidents Day Holiday
The Bank will be closed on Monday,
February 15, 2010, in observance of
the Presidents Day holiday. Due to
the holiday, MPF Delivery
Commitments and Fundings will not be
accepted on Monday. The Bank will
resume normal business hours on
Tuesday, February 16, 2010.
Please note that on Friday, February
12, 2010, the Bank will be
conducting business as normal, as
the bond markets will not be closing
early on this day.
FHLB Des Moines Recognizes
Missouri Rural Development
FHLB Des Moines has been partnering
with Missouri USDA Rural Development
for nearly 10 years to rehabilitate
Section 515 Projects across the
state. Over the past decade, the
Bank has awarded $8.4 million in
Affordable Housing Program grants to
rebuild communities and assist with
the rehabilitation of 38 properties.
Portions of a check presentation
held in St. Clair, Missouri on
February 3, 2010 have been posted to
the Bank’s You Tube Channel, which
can be accessed by clicking
here. For further details,
please click
here.
Mark Your Calendar for the
2010
Regional Member Meetings
Navigating
Through Today’s Challenging Times
Come about and join
FHLB Des Moines at one of the nine
Regional Member Meetings. Ed Krei,
managing director, The Baker Group
and FHLB Des Moines staff will keep
you on course by sharing strategic
insights into managing interest rate
risk, including measurement,
monitoring, corporate governance and
mitigation.
For a full listing of
meetings and locations click
here. Watch for more details and
registration coming soon!
Weekly Market Update
The broad equity
market and treasury yields headed
lower last week on softer economic
data and President Obama's proposal
to impose regulatory limits on
financial institutions. Click
here for the additional market
commentary and the weekly advance
rate summary.
FHLB Des Moines Announces Changes to
MPP
FHLB Des
Moines Board of Directors approved
two revisions to the Bank’s Member
Products Policy (MPP). A complete
copy of the MPP can be found at
www.fhlbdm.com/ps_mpp.htm.
Strengthening Communities
Newsletter Now Available
For an
electronic copy of FHLB Des Moines
Community Investment newsletter,
Strengthening Communities,
please click
here.
Access to Affordable Housing
Grant
Writing Training Sessions
FHLB Des
Moines Community Investment
Department is hosting a half-day
workshop near you to provide
training on the Affordable Housing
Program online application, review
the scoring criteria for 2010 and
provide tips on completing the
application. This session is a must
attend, especially for FHLB Des
Moines members, non-profit sponsors
and other organizations who want to
gain key insight into the program.
Registration is complimentary and
can be completed online by clicking
here.
Notes:
To enhance your visit to this site,
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or above. Click
here to download the latest
version of Internet Explorer. There
are several files that require an
Adobe Acrobat reader. All are
available free of charge to be
downloaded from the web.
If you have
questions or comments about this
site, please email them to the FHLB
Des Moines
webmaster or
call the Communications Department
at 800.544.3452.
Copyright © 1998 - 2010 Federal Home
Loan Bank of Des Moines. All rights
reserved. This material is provided
as general information. The terms
and conditions related to the FHLB
Des Moines' products and services
are governed by various agreements
between the FHLB Des Moines and its
customers as well as certain FHLB
Des Moines policies and applicable
regulations. In the event of any
inconsistencies between this website
material and the agreements,
policies and regulations, the terms
of such agreements, policies and
regulations shall be determinative.
Only member institutions and certain
eligible financial institutions may
transact business with the Home Loan
Bank.
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