News

Community News Public Announcements FHLB Des Moines awards $5 Million to Support Maui Relief Efforts The devastating wildfires that struck Maui in August resulted in significant loss of life, homes and property and have left countless individuals in temporary housing. FHLB Des Moines has partnered with its Hawaii financial institution members to donate $5 million to relief efforts. Community News Member Announcements 2023 Director Election Voting Underway Voting is now open in the Federal Home Loan Bank of Des Moines 2023 Director Election. Electronic Ballots were distributed to all eligible voting members on September 20, 2023. Business News Member Announcements Supporting our Members Impacted by Maui Wildfires The Federal Home Loan Bank of Des Moines is taking steps to help our members as they adapt to serve their borrowers impacted by the Maui wildfires. Community News Public Announcements Member Impact Fund awards $113,000 to Guam nonprofits supporting affordable housing, community development More than $113,000 has been awarded to five organizations across Guam to support affordable housing and community development needs. Community News Public Announcements Joe Kesler Declared Elected to FHLB Des Moines Board of Directors The Federal Home Loan Bank of Des Moines (Bank) is pleased to announce that Joe Kesler was recently declared elected as a director to the Bank's board of directors. Mr. Kesler will serve as the Montana member director on the Bank's board for a four-year term commencing January 1, 2024. Finance News Member Announcements Q2 2023 Combined Financial Report Office of Finance Publishes the Second Quarter 2023 Combined Financial Report of the Federal Home Loan Banks. Business News Member Announcements Changes to Service Fees Updated fee schedules for Wire Transfers, Securities and Safekeeping and Collateral are effective August 1, 2023. Members will also see more simplified billing reports beginning in September. Finance News Public Announcements Second Quarter 2023 Dividend & Earnings Release The Bank's Board of Directors approved a second quarter 2023 dividend at an annualized rate of 7.95 percent on activity-based stock, and 3.00 percent on membership stock, unchanged from the prior quarter. Community News Public Announcements FHLB Des Moines seeks applications for three Affordable Housing Advisory Council positions Through Friday, September 1, 2023, FHLB Des Moines is accepting applications for three open Affordable Housing Advisory Council (Advisory Council) positions designated to represent the affordable housing and/or community lending needs in Idaho, Iowa and Montana. Community News Public Announcements Wyoming Nonprofits Receive $4.6 Million in Grant Funding More than $4.6 million has been awarded to hundreds of nonprofit and government agencies across Wyoming to support affordable housing and community development needs. This state-wide outreach was available through the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Member Impact Fund. Business News Public Announcements Federal Home Loan Banks' Inaugural Corporate Social Responsibility Report The Federal Home Loan Banks' inaugural Corporate Social Responsibility Report focuses on the positive social impact we have achieved through our programs and initiatives, all of which flows from our ability to execute on our foundational liquidity mission Business News Member Announcements Advance Product Portfolio Changes Federal Home Loan Bank of Des Moines will launch TWO new advance products on October 10, 2023 to replace the current Overnight/Fed Funds Credit Line Advance. These new advance products will continue to provide members with the same access to fast and reliable overnight funding, but with more option