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Who We Are

Federal Home Loan Bank of Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank (FHLBank) System. Established by Congress in 1932 to support mortgage lending, the FHLBanks are a stable source of funding for more than 6,600 federally insured depository institutions of all sizes and types. Including Banks, Credit Unions, Insurance Companies, Thrifts and Community Development Financial Institutions.

Regulated by the Federal Housing Finance Agency, the FHLBanks are cooperatively owned by their members, operate independently with their own boards of directors and are registered with the Securities and Exchange Commission. The FHLB Des Moines district includes 13 states and three U.S. Pacific Territories.

Map of Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming, the U.S. territories of American Samoa and Guam and the Commonwealth of the Northern Mariana Islands

FHLB Des Moines members benefit from access to a variety of products and services designed to help lower their funding costs, mitigate risk, improve asset and liability management and meet community credit needs. In addition, FHLB Des Moines contributes 10 percent of its net income each year to affordable housing programs. Grants are awarded to help meet the housing needs of low- to moderate-income individuals and families. The use of these funds also positively impacts job growth and economic development throughout the FHLB Des Moines district.

Serving You Since 1932

Serving You Since 1932

In this video we break down how FHLB Des Moines functions within the FHLBank System, how we are able to provide liquidity to our members and how we will continue to be a reliable funding source during all types of economic cycles.

Affordable Housing Program Overview

Affordable Housing Program Overview

In this video, we illustrate how the Affordable Housing Program has helped strengthen the foundations of community throughout the 13 states and three US Pacific Territories we serve.

Bank Overview

For additional financial information, please visit the U.S. Securities & Exchange Commission website.

Financial Overview (dollars in billions) - As of December 31, 2023
  • Assets $184.4
  • Advances $122.5
  • Mortgage Loans $10.0
  • Members 1,257
Member Statistics - As of December 31, 2023
  • 878 commercial banks
  • 31 thrifts
  • 270 credit unions
  • 72 insurance companies
  • 6 community development financial institutions
Competitive Affordable Housing Program (dollars in millions) - As of December 31, 2023
  • Grant Amount - $733
  • Units - 93,674
  • Projects - 2,701
Community Investment Advances (dollars in millions) - As of December 31, 2023
  • Advances - $15,090.9
  • Number of Advances - 10,448
Down Payment and Closing Cost Set-Asides (dollars in millions) - As of December 31, 2023
  • Amount Disbursed - $161.7
  • Units - 33,575

Featured

Affordable HousingFHLB Des Moines offers a variety of products to support the purchase, construction or rehabilitation of affordable housing. AdvancesView rates and details for our comprehensive portfolio of reliable, cost-effective funding options. Community Investment AdvancesFor members of FHLB Des Moines, meeting the credit needs of their local community is being a good neighbor and is also good business. Letters of CreditLeverage the strength and security of FHLB Des Moines credit rating with an affordable Letter of Credit product.