COVID-19 Updates and Resources

At Federal Home Loan Bank of Des Moines, we are closely monitoring developments around coronavirus (COVID-19). We understand these past few months have been difficult for our members, and we are actively looking for way to better serve you  during this time.

Latest Updates and Announcements

Tuesday, June 30, 2020
  • We have extended the deadline for our special advance offering until October 15, 2020. View rates and details.
Monday, June 1, 2020
  • We are temporarily expanding our Community Investment Advance (CIA) product to accept loans from Paycheck Protection Program (PPP)-eligible entities. Learn more.
Tuesday, May 19, 2020
  • We are now able to accept Paycheck Protection Program loans as collateral. Learn more.
Monday, May 18, 2020
  • The per member limit for our special advance offering has been increased to $60 million. See details.

News and Resources

We pride ourselves on being a readily available and reliable source of liquidity in all economic environments. Please know that we remain dedicated to meeting the needs of members through these challenging and unusual times. Click here for an overview of all pandemic-related member and community support through May 2020.

Collateral
  • We are accepting Paycheck Protection Program loans as collateral.
  • We have temporarily adjusted our eligibility guidelines on pledged collateral to align with our member financial institutions who are implementing loan forbearance or loan modifications agreements for their borrowers, including the acceptance of agreements executed with electronic signatures.
Funding and Advance Products

Reminder: Don't forget, you can process most advance transactions (under $15 million) online through eAdvantage

Mortgage Partnership Finance® (MPF®) Products

For COVID-19 related updates regarding the MPF program, please visit the MPF Provider website. For questions about how these changes impact the products offered by FHLB Des Moines, contact our mortgage team.

“Mortgage Partnership Finance” and “MPF” are registered trademarks of the Federal Home Loan Bank of Chicago. The “MPF Mortgage Partnership Finance” logo is a trademark of the Federal Home Loan Bank of Chicago.

Affordable Housing Program
  • The application deadline for the Competitive Affordable Housing Program was been extended to June 15, 2020 at 4:30 PM CT.

Contacts

Please refer to the list of contacts below if you have questions.