All completed collateral forms must be signed and can either be faxed to 515.699.1201 or emailed to advancecollateral@fhlbdm.com. Unless specified all documents are in Word.

Important Notice

Electronic BBC’s coming
In an effort to deliver better service to our members, FHLB Des Moines is excited to announce that our Borrowing Base Certificates will soon be available electronically. Please watch for more information about this important change which is scheduled to take place later this year. To make this transition as seamless as possible, we will provide all FHLB Des Moines members impacted by this change with additional details and the opportunity to participate in training sessions. Further communications on electronic Borrowing Base Certificates will be coming soon.

Change to CML’s coming
Sometime in 2010, the Bank will be transitioning from Collateral Maintenance Level (CML) discounts to Loan To Value (LTV) ratios on mortgages and securities pledged for collateral to determine advance equivalent value.  The LTV calculation is merely the inverse of the current CML.  For example, a CML of 150% equates to a LTV of 67% (1/150%).  The “CML” sheet found in the Schedules and Fees Section  has been revised to include the LTV ratios together with each CML factor to familiarize members before the change takes place.  The Bank will notify the membership in advance, when the LTV ratios will go into effect.