As one of 12 Federal Home Loan Banks in the FHLBank System, FHLB Des Moines is governed by the Federal Housing Finance Agency. The Des Moines Bank is privately owned by more than 1,200 member financial institutions throughout Iowa, Minnesota, Missouri, North Dakota and South Dakota. As a cooperative, FHLB Des Moines operates independently with its own board of directors and is registered with the Securities and Exchange Commission.
The FHLBanks became effectively registered with the SEC on May 12, 2006. As a result, FHLB Des Moines files annual, quarterly and periodic financial reports with the SEC. The Investor Relations section of the Bank′s public website is a guide to these financial reports, as well as ratings and Combined Financial Reports published by the FHLBanks Office of Finance.