News

Community News Member Announcements 2021 Director Election Voting Underway Voting is now open in the Federal Home Loan Bank of Des Moines 2021 Director Election. Electronic ballots were distributed to all eligible voting members on September 21, 2021. Community News Public Announcements Russell J. Lau, John A. Klebba and Steven L. Bumann Declared Elected to FHLB Des Moines Board of Directors Russell J. Lau, John A. Klebba and Steven L. Bumann were recently declared elected to the FHLB Des Moines board of directors. Finance News Member Announcements Q2 2021 Combined Financial Report The Second Quarter 2021 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. Business News Member Announcements Commercial Real Estate and Multi-Family Eligibility Changes As a result of current conditions in the commercial markets, FHLB Des Moines is adjusting select loan eligibility criteria effective June 30, 2021 Finance News Member Announcements Second Quarter 2021 Dividend & Earnings Release The Bank's Board of Directors approved a second quarter 2021 dividend at an annualized rate of 6.00 percent on activity-based stock and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $44 million are expected to be paid on August 11, 2021. Business News Member Announcements Member Products Policy Updated July 1, 2021 An updated Member Products Policy was published on July 1, 2021. Business News Member Announcements Eligibility Changes for LIBOR-Indexed Securities Collateral Effective June 30, 2021, new non-U.S. Government or Agency LIBOR-indexed securities pledged as collateral will be required to include acceptable fallback language if the maturity is beyond the LIBOR cessation date of June 30, 2023. Business News Member Announcements Timeline for Future LIBOR-Indexed Collateral Changes With the LIBOR cessation date set for June 30, 2023, FHLB Des Moines has announced a timeline of future changes regarding LIBOR-indexed collateral. Business News Public Announcements Independence Day Hours In observance of Independence Day, modifications to our usual hours will occur. Business News Public Announcements FHLB Des Moines and Together Credit Union Complete First eNote Transaction The Missouri-based member completed their digital transaction in February. “We are thrilled to have achieved this significant milestone, both as an institution and as a member of FHLB Des Moines,” said Larry Jackson, vice president of real estate lending at Together Credit Union. Business News Member Announcements New Collateral Type: Interest-Only MF/CRE Loans FHLB Des Moines will soon be accepting interest-only loan collateral for Multi-Family and Commercial Real Estate loans (whole loans only, no participations). Community News Public Announcements 2021 Director Elections Commencement of the annual Federal Home Loan Bank of Des Moines director election is underway.