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 11, 2010
Coporate Governance Principles
Approved May 13, 2011
Insider Trading Policy
Approved January 1, 2012
Procedures for Non-Employee Complaints
Approved June 22, 2011
Advisory Council
Approved January 7, 2011
Audit
Approved March 2011
Business Operations and Technology
Approved March 9, 2011
Executive and Governance
Approved May 13, 2011
Finance and Planning
Approved March 9, 2011
Human Resources and Compensation
Approved April 8, 2011
Mission, Member and Housing
Approved April 26, 2011
Risk
Approved March 9, 2011
Questions or Concerns?
If you have questions about FHLB Des Moines corporate governance activities, please send an email to the Legal Department.
