News

Community News Public Announcements 2020 Director Election Voting Underway Voting is now open in the Federal Home Loan Bank of Des Moines 2020 Director Election. Electronic ballots were distributed to all eligible voting members on September 24, 2020. Community News Public Announcements Federal Home Loan Bank of Des Moines Announces 2020 Strong Communities Award Finalists FHLB Des Moines or the Bank announced seven finalists for the 2020 Strong Communities Award. Public Policy Network Public Announcements Legislative Update - 9/2/2020 This edition will provide our latest analysis and updates from Washington, D.C. on a variety of issues impacting Federal Home Loan Bank of Des Moines. Community News Public Announcements James Hunt Declared Elected to FHLB Des Moines Board of Directors The Federal Home Loan Bank of Des Moines (Bank) is pleased to announce that James Hunt was recently declared ­elected as a director to the Bank's board of directors. Mr. Hunt will serve as the Oregon member director on the Bank's board for a four-year term commencing January 1, 2021. Finance News Public Announcements Q2 2020 Combined Financial Report The Second Quarter 2020 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. Finance News Public Announcements Second Quarter 2020 Form 10-Q Filed Today, August 11, the Bank filed its Second Quarter 2020 Form 10-Q with the Securities and Exchange Commission (SEC). Business News Member Announcements New Collateral Process to Address Eligibility and Reporting Errors We frequently monitor for trends or patterns in reporting errors in Member Collateral Verifications (MCV) and/or in collateral pledging and may initiate additional action steps to help ensure collateral eligibility and/or reporting get back on track. Finance News Public Announcements Second Quarter 2020 Earnings Release & Dividend On July 28, 2020, FHLB Des Moines released preliminary unaudited financial highlights for the second quarter ended June 30, 2020. The Bank's Board of Directors also approved a second quarter 2020 dividend. Business News Member Announcements HELOC Collateral Eligibility Update Effective Oct. 1 FHLB Des Moines has defined clarification guidance related to Convertible Home Equity Lines of Credit (HELOC) loans (also known as Hybrid HELOCs) as collateral. Business News Public Announcements Federal Home Loan Bank of Des Moines Announces Executive Team Changes FHLB Des Moines announced changes to its executive management team. Business News Member Announcements LIBOR Advance and Collateral Reporting Changes Effective July 1 In preparation for the phase out of the London Interbank Offered Rate (LIBOR), changes to advance products and collateral reporting tied to LIBOR will go into effect on July 1, 2020. Community News Public Announcements A Message from Kris Williams on Diversity and Inclusion Our President and CEO, Kris Williams, shares a message about the importance of diversity and inclusion at Federal Home Loan Bank of Des Moines and beyond.