News

Community News Member Announcements Joe Kesler Declared Re-elected to FHLB Des Moines Board of Directors The Federal Home Loan Bank of Des Moines (the Bank) is pleased to announce that Joe Kesler was recently re-elected as a director to the Bank's board. Mr. Kesler will serve as the Montana member director on the Bank's board for a four-year term commencing January 1, 2020. Finance News Public Announcements Q2 2019 Combined Financial Report The Second Quarter 2019 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. Finance News Member Announcements FHLB Des Moines Approves Second Quarter 2019 Dividend The FHLB Des Moines (the Bank) Board of Directors approved a second quarter 2019 dividend at an annualized rate of 5.75 percent on activity-based stock and 3.25 percent on membership stock, unchanged from the prior quarter. Business News Public Announcements FHLB Des Moines urges Congress to hold hearings on CECL Industry experts agree: The Current Expected Credit Loss (CECL) accounting standard proposed by the Financial Accounting Standards Board will be highly problematic for financial institutions. FHLB Des Moines agrees and recently encouraged Congress to hold hearings on CECL. Finance News Member Announcements Second Quarter 2019 Earnings Release On July 29, 2019, FHLB Des Moines released preliminary unaudited financial highlights for the quarter ended June 30, 2019. Community News Public Announcements Federal Home Loan Bank of Des Moines Awards $45,000 to Community Partnership Projects The Federal Home Loan Bank of Des Moines (FHLB Des Moines) announced seven community projects will receive a total of $45,000 as Strong Communities Award winners and finalists in 2019. Community News Public Announcements Idaho Banker, Jason Meyerhoeffer, elected to FHLB Des Moines Board The Federal Home Loan Bank of Des Moines (the “Bank”) is pleased to announce that Jason Meyerhoeffer was recently elected by the Bank's board as the Idaho member director. Community News Public Announcements Federal Home Loan Bank of Des Moines Announces 2019 Strong Communities Award Finalists The Federal Home Loan Bank of Des Moines (FHLB Des Moines or the Bank) announced seven finalists for the 2019 Strong Communities Award. Community News Public Announcements 2019 Director Elections Commencement of the annual Federal Home Loan Bank of Des Moines director election is underway. Member director elections will take place in the states of Iowa, Minnesota and Montana and members in those states will each fill one member director seat in its respective state. Letters from the CEO Member Announcements CEO Newsletter 6/20/19 Like anything in life, the financial services industry is always changing and evolving.  At times it seems that the only constant in the world of finance is change. But like any other institution, we embrace these changes and strive to provide our members with all the information and education they Business News Member Announcements Updated Collateral Loan-to-Values On June 24, 2019, FHLB Des Moines will implement revised LTVs for most collateral categories. The Federal Home Loan Bank of Des Moines periodically reviews our collateral Loan-to-Values (LTVs) to ensure they are consistent with the current market environment. Business News Public Announcements Federal Home Loan Bank of Des Moines Announces New Top Executives Federal Home Loan Bank of Des Moines (FHLB Des Moines or the Bank) announced the promotion of Joelyn Jensen-Marren and Bill Bemis.