By the end of 1931, President Herbert Hoover had a financial crisis on his hands: a stock market crash, unemployment affecting a quarter of the work force, the failure of 4,100 banks and foreclosures on a large number of homes and farms. In an effort to slow the turmoil, the Federal Home Loan Bank System was established by a government charter, the Federal Home Loan Bank Act, on July 22, 1932 to help inject the financial sector with non-taxpayer liquidity.
FHLB Des Moines opened its doors — along with the other 11 FHLBanks — on October 15, 1932. For 80 years, FHLB Des Moines has been providing readily available, low-cost liquidity to member institutions in its five-state district through all economic cycles.
Since inception, FHLB Des Moines has been committed to excellence in corporate governance and understands that promoting open, honest and direct communications about financial and management reporting and governance is important to retaining the trust of stakeholders and achieving the Bank′s mission of strengthening affordable housing efforts in its district. FHLB Des Moines will continue to maintain this commitment now and in the future.
The resources below are provided to help the Des Moines Bank′s shareholders better understand the Bank′s corporate governance standards and oversight, as well as business and financial operations.
Bylaws
Approved February 26, 2009
Code of Ethics
Approved November 2012
Corporate Governance Principles
Revised May 2013
Insider Trading Policy
Approved January 2013
Procedures for Non-Employee Complaints
Revised June 2012
Advisory Council
Approved: February 2012
Audit
Approved: January 2013
Business Operations and Technology
Approved: March 2013
Executive and Governance
Approved: January 2013
Finance and Planning
Approved: January 2013
Human Resources and Compensation
Approved: January 2013
Mission, Member and Housing
Approved: January 2013
Risk
Approved: January 2013
Questions or Concerns?
If you have questions about FHLB Des Moines corporate governance activities, please send an email to our Legal Department.
Furthermore, as noted in our "Non-Employee Complaint Procedures for Accounting Matters" if you would like to submit any concerns, please visit the EthicsPoint website or call 888.779.8085.