News

Business News Member Announcements Now Accepting PPP Loans as Eligible Collateral Beginning Tuesday, May 19, 2020, the Bank is now able to accept SBA Payment Protection Program (PPP) loans as collateral. Business News Public Announcements Deborah Baldwin Named FHLB Des Moines Chief Diversity and Inclusion Officer Effective May 18, Deborah Baldwin will become the new chief diversity and inclusion officer at the Federal Home Loan Bank of Des Moines. Finance News Public Announcements Q1 2020 Combined Financial Report The First Quarter 2020 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 First Quarter 2020 Form 10-Q Filed Earlier today, May 11, the Bank filed its First Quarter 2020 Form 10-Q with the Securities and Exchange Commission (SEC). Finance News Public Announcements First Quarter 2020 Earnings Release & Dividend The Federal Home Loan Bank of Des Moines (the Bank) today released preliminary unaudited financial highlights for the first quarter ended March 31, 2020. The Bank also announced its first quarter 2020 dividend. Letters from the CEO Member Announcements CEO Newsletter 4/22/2020 Hello everyone! I'm excited to be connecting with you through my first ever Letter from the CEO. I'm Kris Williams and I'm thrilled to be your new President and CEO. I was very much looking forward to meeting as many of you as possible but with our current environment, I'll use this letter as a way Business News Member Announcements Special Relief Funding Available for Members In response to the coronavirus (COVID-19) pandemic, Federal Home Loan Bank of Des Moines has a special advance offering available for our members. These advances are intended to provide low cost, relief funding to help support the current needs of your customers who have been impacted by COVID-19. Community News Public Announcements Michael Akerlow Appointed to FHLB Des Moines Advisory Council The FHLB Des Moines Board of Directors recently appointed Michael Akerlow, chief executive officer, Community Development Corporation of Utah (CDCU), to its Affordable Housing Advisory Council, representing the state of Utah. Business News Member Announcements Collateral Reporting Change Effective July 1, 2020 With the expected phase-out of LIBOR at the end of 2021, FHLB Des Moines has made a change to its collateral reporting process beginning July 1, 2020. Business News Member Announcements Changes Announced to Down Payment Products In response to feedback from our members, FHLB Des Moines has implemented the following changes for our Home$tart and Native American Homeownership Initiative (NAHI) down payment products. Finance News Public Announcements Q4 2019 Combined Financial Report The Fourth Quarter 2019 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. Business News Public Announcements FHLB Des Moines Expands Supplier Diversity Program through an Online Bidding Platform We are expanding our Supplier Diversity Program. Earlier this month, we began accepting bids online for open contracting opportunities to strengthen our connection with diverse suppliers from across our district.