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Advancing Your Success: July 2008, Vol 40
Financial Highlights
On May 12, 2008, FHLB Des Moines
released unaudited financial results
for the first quarter ended March
31, 2008 and announced a quarterly
dividend at an annualized rate of
4.00%.
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Federal Home Loan Bank
of Des Moines
Financial Highlights
(unaudited) |
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March 31,
|
December 31, |
March 31, |
Statement of
Condition
(dollars in
millions) |
2008 |
2007 |
2007 |
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Advances |
$47,092 |
$40,412 |
$21,322 |
|
Mortgage loans, net |
10,707 |
10,802 |
11,514 |
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Total Assets |
70,082 |
60,736 |
42,727 |
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Capital Stock - Class B
Putable |
3,012 |
2,717 |
1,884 |
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Retained Earnings |
367 |
361 |
344 |
|
Capital-to-Asset Ratio |
4.65% |
5.03% |
5.21% |
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For the quarter ended
March 31, |
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Operating Results and
Performance Ratios
(dollars in millions) |
2008 |
2007 |
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Net Interest Income |
$64.7 |
$38.2 |
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Net Income |
31.4 |
20.3 |
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Return on Average Assets |
0.21% |
0.19% |
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Return on Average
Capital Stock |
4.72% |
4.31% |
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Return on Average Total
Capital |
4.19% |
3.64% |
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Net Interest Margin |
0.43% |
0.36% |
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Operating Expenses to
Average Assets |
0.06% |
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 March
14, 2008 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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