Press Release

For Immediate Release:
January 3, 2007

Contact:
Angie Richards
515.281.1014
arichards@fhlbdm.com

Paul E. Rechlin Re-appointed to FHLB Des Moines Advisory Council

Paul E. Rechlin, executive director, CommunityWorks North Dakota in Bismarck, North Dakota, was recently re-appointed to serve on the Federal Home Loan Bank of Des Moines’ Affordable Housing Advisory Council (AHAC). He will serve a three-year term beginning January 1, 2007.

Since 1984, Mr. Rechlin has been the executive director of the Lewis and Clark Regional Development Council, a ten-county community and economic development organization. He has also been the executive director of CommunityWorks North Dakota, a statewide nonprofit that provides affordable housing programs, services and financing throughout North Dakota since it was created in 1995. Mr. Rechlin also serves on several other community and economic development organizations including the boards of directors for the North Dakota Rural Development Council and the National NeighborWorks Association.

The AHAC advises the FHLB on housing and economic development programs and needs. Advisory council members are a diverse group of people from across the FHLB’s five-state district of Iowa, Minnesota, Missouri, North Dakota and South Dakota and typically have an extensive housing and economic development background.

Dan Buck, chief executive officer of St. Patrick Center in St. Louis, Missouri; Francisco Hernandez, marketing specialist at Iowa Finance Authority in Des Moines, Iowa; Randy Railsback, executive director of Green Hills RPC in Trenton, Missouri; and Tonya White Mountain, loan packager for Standing Rock Housing Authority in Fort Yates, North Dakota were appointed to their first terms on the AHAC.

 

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The Federal Home Loan Bank of Des Moines is a AAA-rated wholesale bank that provides low-cost short and long-term funding and community lending to more than 1,200 stockholder commercial banks, saving institutions, credit unions and insurance companies. The Bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of twelve regional Banks that make up the Federal Home Loan Bank System.