FHLB

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09/27/2012

The Bank has increased its advance term limits for both depository and non-depository members. Members in the 20% or less credit capacity categories will be able to take advantage of these changes effective immediately.

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09/20/2012

2012 Director Election underway; South Dakota Banker Fishback declared re-elected to FHLB Des Moines Board

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) 2012 Director Election for member and independent directorships is underway. Member director elections will take place in the state of Iowa. Members in Iowa will fill one member director seat. Two independent director seats will be filled in 2012 through a district-wide election. One of the two independent directorships to be filled will be designated as a public interest director.

The state of South Dakota also had one member directorship to fill in the 2012 election process. Mr. Van D. Fishback, director and vice chairman of First Bank & Trust in Brookings, South Dakota, was the only eligible candidate from South Dakota who chose to stand for election and was, therefore, declared re-elected to his second term on the Bank’s board in accordance with Federal Housing Finance Agency regulations. Mr. Fishback will serve his second four-year term beginning January 1, 2013.

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09/04/2012

The Federal Home Loan Bank of Des Moines is introducing an advance restructuring program that will assist members in responding to the increased regulatory emphasis on managing, measuring and monitoring interest rate risk created by the prolonged historically low interest rate environment.

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08/22/2012

The Federal Home Loan Bank of Des Moines will allocate $900,000 to the Rural Homeownership Fund program (RHF) effective September 4, 2012.

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08/08/2012

On August 8, 2012, FHLB Des Moines filed its Second Quarter 2012 Form 10-Q with the Securities and Exchange Commission. To view the Second Quarter 2012 Form 10-Q, please click here. For the Bank’s Second Quarter 2012 Financial Highlights, please review the earnings release published on July 30, 2012.

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