News

Business News Member Announcements Updated Collateral Loan-to-Values Effective October 7, 2024 On Monday, October 7, 2024, FHLB Des Moines will implement revised LTVs for most collateral categories. Finance News Public Announcements Second Quarter 2024 Dividend & Earnings Release The Board of Directors approved a second quarter 2024 dividend to be paid at an annualized rate of 9.50 percent on average activity-based stock, an increase of 0.25 percent from the prior quarter, and 6.00 percent on average membership stock, unchanged from the prior quarter. Community News Public Announcements Pioneer Bank Funds First Mortgage Rate Relief Loan Two Percent Interest Rate Reduction Creates New Pathway for Homeownership in Mankato, Minnesota. Community News Member Announcements Severe Storms in Nebraska and Oklahoma (Disasters) The Division of Federal Home Loan Bank Regulation of the Federal Housing Finance Agency is issuing a Non-Objection Letter to allow vacant AHP-assisted rental units to be leased temporarily to individuals/households, who are displaced due to severe storms (disasters) in Nebraska and Oklahoma. Community News Member Announcements 2024 Director Election Members in the states of Oregon and Washington will each elect one individual to fill the one-member director seat in its respective state. Two independent director seats will be filled through a district wide election. Business News Member Announcements Hawaiian Home Lands Lease Addendum Federal Home Loan Bank of Des Moines is pleased to announce the availability of a lease addendum, which was developed in partnership with the Department of Hawaiian Home Lands. Community News Public Announcements FHLB Des Moines Seeks Appointment for Native, At-Large Advisory Council Position Beginning June 10, 2024, Federal Home Loan Bank of Des Moines is seeking applications to appoint at-large Affordable Housing Advisory Council position that is designated to represent the affordable housing and community lending needs of Native communities. Finance News Member Announcements Q1 2024 Combined Financial Report Office of Finance publishes the First Quarter 2024 Combined Financial Report of the Federal Home Loan Banks. Finance News Public Announcements First Quarter 2024 Form 10-Q Filed Earlier today, May 8, the Bank filed its First Quarter 2024 Form 10-Q with the Securities and Exchange Commission (SEC) Community News Public Announcements FHLBanks Anticipate $1 Billion in Support for Affordable Housing and Community Development Initiatives in 2024 The Council of Federal Home Loan Banks announced that the FHLBank System expects to provide approximately $1 billion in support for affordable housing and community development initiatives in 2024. Business News Public Announcements $25 Million in Grant Funds Allocated to New Mortgage Rate Relief Product to Provide Affordable Homeownership The Federal Home Loan Bank of Des Moines (FHLB Des Moines) launched a new product, Mortgage Rate Relief, which will provide $25 million in grant funds to those seeking affordable homeownership. Finance News Public Announcements First Quarter 2024 Dividend & Earnings Release The Board of Directors approved a first quarter 2024 dividend to be paid at an annualized rate of 9.25 percent on average activity-based stock, an increase of 0.25 percent from the prior quarter, and 6.00 percent on average membership stock, an increase of 2.45 percent from the prior quarter.