News

Community News Member Announcements 2022 Director Election Voting Underway Voting is now open in the Federal Home Loan Bank of Des Moines 2022 Director Election. Electronic Ballots were distributed to all eligible voting members on September 21, 2022. Community News Public Announcements New Market Bank Celebrates 90th Anniversary of FHLBank System New Market Bank recognizes the value of their partnership with FHLB Des Moines in a featured article in BankIn Minnesota's weekly newsletter, Be Involved. Community News Public Announcements Federal Home Loan Banks Look Forward to Robust Discussion through FHFA ‘Comprehensive Review' of FHLBank System The review, ‘FHLBank System at 100: Focusing on the Future,' to kick off with first listening session Sept. 29 in Washington. Community News Public Announcements Kim DeVore Declared Elected to FHLB Des Moines Board of Directors The Federal Home Loan Bank of Des Moines (Bank) is pleased to announce that Kim DeVore was recently declared ­elected as a director to the Bank's board of directors. Ms. DeVore will serve as the Wyoming member director on the Bank's board for a four-year term commencing January 1, 2023. Finance News Public Announcements Q2 2022 Combined Financial Report The Second Quarter 2022 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. An electronic copy of the CFR can be obtained on the Office of Finance website. Finance News Public Announcements Second Quarter 2022 Form 10-Q Filed Earlier today, August 10, the Bank filed its Second Quarter 2022 Form 10-Q with the Securities and Exchange Commission (SEC). An overview of the Bank's financial results for the second quarter was provided in an earnings release filed with the SEC on July 27, 2022. Community News Public Announcements Assistance Offered to Households Displaced in Kentucky The Federal Housing Finance Agency (FHFA) recently issued a statement to allow vacant AHP-assisted rental units to be leased temporarily to individuals/households, regardless of their income, who were displaced by the Kentucky Severe Storms, Flooding, Landslides, and Mudslides (Disaster) July 2022. Business News Public Announcements Second Quarter 2022 Dividend & Earnings Release The Bank's Board of Directors approved a second quarter 2022 dividend at an annualized rate of 6.75 percent on activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Business News Member Announcements Council of Federal Home Loan Banks Names Donovan President and CEO The Council of Federal Home Loan Banks (FHLBanks) appointed Ryan Donovan as its President and Chief Executive Officer. Donovan will begin his service to the Council of Federal Home Loan Banks on September 6. 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. Community News Public Announcements 2022 Director Elections Commencement of the annual Federal Home Loan Bank of Des Moines director election is underway. Members in the states of Idaho, North Dakota and Wyoming will each elect one individual to fill the one member director seat in its respective state.