News

Business News Member Announcements FHLB Des Moines Announces Advance Product Changes In preparation for the expected phase-out of the London Interbank Offered Rate (LIBOR) by the end of 2021, the Bank has implemented advance product changes effective January 4, 2021. Business News Public Announcements FHLB Des Moines Response: FireEye and SolarWinds Security Breaches FHLB Des Moines is aware of recent security breaches at FireEye and SolarWinds. The Bank does not utilize any products or services from FireEye. The Bank does, however, utilize certain products in the SolarWinds Orion Platform. Community News Public Announcements Brent Ekstrom Appointed to FHLB Des Moines Advisory Council FHLB Des Moines recently appointed Brent Ekstrom, executive director, Lewis & Clark Development Group, to its Affordable Housing Advisory Council representing the state of North Dakota. Business News Member Announcements 2021 Affordable Housing Program Information Now Available Full details for the 2021 FHLB Des Moines Down Payment Products and the Competitive Affordable Housing Program are now available. Community News Public Announcements FHLB Des Moines Awards $41.3 Million in Affordable Housing Grants to Benefit 63 Projects The Federal Home Loan Bank of Des Moines (FHLB Des Moines or the Bank) is pleased to announce the recipients of its 2020 Competitive Affordable Housing Program awards. Business News Member Announcements FHLB Des Moines Adopts LIBOR Fallback Language To conform with the market transition away from LIBOR, FHLB Des Moines is adopting the Alternative Reference Rate Committee's (ARRC) recommended fallback language for floating rate notes tied to LIBOR. Business News Public Announcements 2020 Holiday Hours The holiday season is upon us and with that comes amended hours. Finance News Public Announcements Q3 2020 Combined Financial Report The Third Quarter 2020 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. Business News Member Announcements Changes to Underwriting Assessment Matrix - 2020 As of October 5, 2020, several changes were made to the Underwriting Assessment Matrix used in collateral reviews. Finance News Public Announcements Third Quarter 2020 Form 10-Q Filed Today, November 10, the Bank filed its Third Quarter 2020 Form 10-Q with the Securities and Exchange Commission (SEC). Community News Public Announcements 2020 Member and Independent Director Election Results On November 5, 2020, the Board of Directors of FHLB Des Moines reviewed the results of the 2020 Member and Independent Director Election. Business News Member Announcements Updated Down Payment Agreement In order to access FHLB Des Moines Down Payment Products in 2021, all members must sign an updated Affordable Housing Program Subsidy Agreement for Homeownership Down Payment Products.