Press Release

For Immediate Release:
July 11, 2006

Contact: Nicky Schissel
515.281.1124
nschissel@fhlbdm.com

FHLBank of Des Moines SEC Registration Becomes Effective

Des Moines, IA – The Federal Home Loan Bank of Des Moines announced that its registration with the Securities and Exchange Commission (SEC) became effective today, July 11, 2006. As part of the registration process, the Bank filed an amended Form 10 Registration Statement with the SEC on July 10, 2006, that included financial statements for the quarter ending March 31, 2006.

“The Bank’s registration with the SEC will provide assurance to our member financial institutions as well as investors in our debt securities that we remain committed to the highest standards of financial reporting and transparency,” said Richard S. Swanson, president and CEO. The amended Form 10 Registration Statement can be accessed through the Bank’s website at www.fhlbdm.com or the SEC’s website at www.sec.gov.

 

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Statements contained in this announcement, including statements describing the objectives, projections, estimates or future predictions in our operations, may be forward-looking statements. These statements may be identified by the use of forward-looking terminology, such as anticipates, believes, could, estimate, may, should and will or their negatives or other variations on these terms. By their nature forward-looking statements involve risk or uncertainty and actual results could differ materially from those expressed or implied or could affect the extent to which a particular objective, projection, estimate or prediction is realized.

 

The Federal Home Loan Bank of Des Moines is a 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.