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Member Map of Credit and Collateral

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Q1 2021 Collateral Quarterly

Read the latest news from the field, upcoming reminders and important changes to collateral procedures 

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Expand into eNotes

The Bank is now accepting residential mortgage eNotes as collateral!

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Paycheck Protection Program Loans

Pledge PPP loans as collateral.

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FHLB Des Moines offers an extensive collateral menu which includes, but is not limited to, a variety of residential and commercial real estate loans, mortgage and business loans, government-guaranteed loans, securities and time certificates of deposit.

Since credit is only extended on a secured basis, we offer a wide variety of collateral options. Members and housing associates choose what, when and how to pledge in order to maintain sufficient eligible collateral.

Adjusted Eligibility Guidelines for Pledged Collateral

As a part of our overall response to COVID-19, we've 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. 

Adjusted Eligibility Guidelines

Frequently Asked Questions

Instructions for Reporting and Pledging Loans in Forbearance

Beginning with the period ending, December 31, 2020, members will need to verify the inclusion of pledged loans in forbearance on their quarterly Borrowing Base Certificate (BBC) in eAdvantage.

Instructions

Collateral Types Available for Pledging

FHLB Des Moines accepts various types of loans and securities as collateral. Explore your options and understand eligibility criteria for all collateral. Eligibility guidelines and checklists are provided here.

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Popular Documents:

Read details on pledging Paycheck Protection Program (PPP) loans as collateral. 

Pledging and Releasing Process

Pledging and releasing collateral can be accomplished easily by utilizing eAdvantage, the online portal for members. Prior to using eAdvantage, user authorizations should be set up. 

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Popular Documents:

Employee Feature: Jeff Fuller

Employee Feature: Jeff Fuller

Collateral Review Analyst

We are excited to introduce you to Jeff Fuller, Collateral Review Analyst, who started at the Bank in May 2020. He said that his favorite part of this new position is getting to work with members across our district to assess collateral risk while facilitating a mutually beneficial relationship.

MEET JEFF

Employee Feature: Jamie Tapp

Employee Feature: Jamie Tapp

Collateral Review Analyst 

Jamie Tapp has been a Collateral Review Analyst with Federal Home Loan Bank of Des Moines for more than eight years. During his time on the collateral team, he has enjoyed traveling across the district and meeting members at their financial institutions. 

MEET JAMIE

Employee Feature: Cory Schoenherr

Employee Feature: Cory Schoenherr

Analyst, Member Collateral Verification Reporting

In late 2019, we welcomed a new addition to the Bank's Enterprise Risk division. Cory Schoenherr joined our Credit Risk Governance (CRG) team, assisting in Member Collateral Verification (MCV) support processes and reporting.

Cory's Story

Employee Feature: Don Willits

Employee Feature: Don Willits

Senior Analyst

This quarter, FHLB Des Moines wanted to say thank you to one of our senior analysts, Don Willits, who has been a valued member of the Collateral Field Staff for more than 19 years. Don is officially retiring on November 15.

Don's Story

Employee Feature: Ryan Coppess

Employee Feature: Ryan Coppess

This quarter, we’re thrilled to feature one of the newest additions to the Collateral Field Staff, Ryan Coppess. Our members in Southwest Iowa or Western Missouri may have already met him during a recent Member Collateral Verification (MCV) review, but we wanted to give him a proper introduction.

“I’m motivated by the opportunity to be in front of members, face-to-face, to help them find the best ways to use collateral to help their balance sheet,” 

Ryan's Story

Employee Feature: Sue Schmitt

Sue Schmitt Celebrates 35 Years with FHLB Des Moines

When Sue Schmitt, Senior Collateral Specialist, first started working at FHLB Des Moines she worked at the check processing center “before there were ATM cards!” 35 years later, Sue continues to be a core member of our daily operations and stands out as one of the most recognizable faces in the Collateral Department. 

Sue's Story

Employee Feature: Michelle Wonders

Employee Feature: Michelle Wonders

Senior Collateral Specialist

A dedicated FHLB Des Moines employee for nearly 38 years, Michelle Wonders currently supports our Collateral Review Analysts who perform Member Collateral Verifications (MCVs) for our members. Read more about how her commitment has made her a key member of the Collateral department as well as the Bank.

Michelle's Story

Employee Feature: Doug Hollmann

Employee Feature: Doug Hollmann

Director of Member Collateral Verification

Doug joined FHLB Des Moines on July 8 from FHLB Chicago. His goals at FHLB Des moines are, "to improve the efficiency of the MCV process and help shape the overall member experience related to collateral."

Doug's Story

News

Updated Collateral Loan-to-Values Effective July 13 Member Announcements Updated Collateral Loan-to-Values Effective July 13 On July 13, 2020, FHLB Des Moines will implement revised LTVs for most collateral categories. Now Accepting PPP Loans as Eligible Collateral Member Announcements Now Accepting PPP Loans as Eligible Collateral Beginning Tuesday, May 19, 2020, the Bank is now able to accept SBA Payment Protection Program (PPP) loans as collateral. Collateral Reporting Change Effective July 1, 2020 Member Announcements Collateral Reporting Change Effective July 1, 2020 With the expected phase-out of LIBOR at the end of 2021, FHLB Des Moines has made a change to its collateral reporting process beginning July 1, 2020. FHLB Des Moines to Gather LIBOR-Linked Collateral Information Member Announcements FHLB Des Moines to Gather LIBOR-Linked Collateral Information Beginning on January 1, 2020, members reporting loan collateral will be asked to complete a brief survey identifying LIBOR-linked collateral with maturities beyond December 31, 2021.

See all articles regarding news about FHLB Des Moines.