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Division Title
Financial Highlights
On August 11, 2008, FHLB Des Moines
released unaudited financial results
for the second quarter ended June
30, 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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|
June 30, |
December 31, |
June 30, |
Statement of
Condition
(dollars in millions) |
2008 |
2007 |
2007 |
|
Advances |
$46,002 |
$40,412 |
$22,627 |
|
Mortgage loans, net |
10,583 |
10,802 |
11,225 |
|
Total Assets |
70,838 |
60,736 |
46,865 |
|
Capital Stock - Class B
Putable |
3,016 |
2,717 |
1,948 |
|
Retained Earnings |
388 |
361 |
347 |
|
Capital-to-Asset Ratio |
4.72% |
5.03% |
4.88% |
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For the quarter ended
June 30, |
Six months ended June
30, |
|
Operating Results and
Performance Ratios
(dollars in millions) |
2008 |
2007 |
2008 |
2008 |
|
Net Interest Income |
$73.0 |
$39.2 |
$137.7 |
$77.4 |
|
Net Income |
$47.9 |
$23.1 |
$79.3 |
$43.4 |
|
Return on Average Assets |
0.27% |
0.20% |
0.24% |
0.20% |
|
Return on Average
Capital Stock |
6.37% |
4.82% |
5.59% |
4.57% |
|
Return on Average Total
Capital |
5.79% |
4.09% |
5.03% |
3.86% |
|
Net Interest Margin |
0.42% |
0.34% |
0.42% |
0.35% |
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Operating Expenses to
Average Assets |
0.06% |
0.08% |
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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