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Advancing Your Success: April 2008, Vol 40
Financial Highlights
On February 27, 2008, FHLB Des
Moines released unaudited financial
results for the year-end and three
months ended December 31, 2007 and
announced a quarterly dividend
payable at an annualized rate of
4.50%.
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Federal Home Loan Bank
of Des Moines
Financial Highlights
(unaudited) |
|
|
December 31, |
December 31, |
|
Statement of
Condition (dollars in
millions) |
2007 |
2006 |
|
Advances |
$40,412 |
$21,855 |
|
Mortgage loans, net |
10,802 |
11,775 |
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Investments |
9,244 |
8,219 |
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Total Assets |
60,767 |
42,041 |
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Capital Stock - Class B
Putable |
2,717 |
1,906 |
|
Retained Earnings |
361 |
344 |
|
Capital-to-Asset Ratio |
5.02% |
5.35% |
|
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For the quarter ended
December 31, |
Twelve months ended
December 31, |
|
Operating Results and
Performance Ratios
(dollars in millions) |
2007 |
2006 |
2007 |
2006 |
|
Net Interest Income |
$48.3 |
$39.4 |
$171.1 |
$154.3 |
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Net Income |
29.2 |
23.3 |
101.4 |
89.4 |
|
Return on Average Assets |
0.22% |
0.21% |
0.21% |
0.20% |
|
Return on Average
Capital Stock |
5.10% |
4.80% |
4.97% |
4.61% |
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Return on Average Total
Capital |
4.43% |
4.06% |
4.25% |
3.91% |
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Net Interest Margin |
0.37% |
0.36% |
0.37% |
0.35% |
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Operating Expenses to
Average Assets |
0.09% |
0.08% |
0.08% |
0.09% |
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The selected financial
data above should be
read in conjunction with
the financial statements
and notes and
"Management's Discussion
and Analysis of
Financial Condition and
Results of Operation"
included in the Bank’s
2007 Annual Report on
Form 10-K filed
with the Securities and
Exchange Commission. |
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Home Loan Bank of Des Moines. All
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Federal Home Loan Bank of Des
Moines, Skywalk Level, 801 Walnut
Street, Suite 200, Des Moines IA
50309-3513; 800.544.3452.
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