News

Business News Member Announcements Collateral Eligibility Regarding PPP Loans FHLB Des Moines is actively monitoring government agency responses to the current COVID-19 environment. Details on current status of Paycheck Protection Program (PPP) loan collateral eligibility. 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. Business News Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur. 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. Business News Member Announcements COVID-19 Preparedness At FHLB Des Moines, we are closely monitoring developments around coronavirus (COVID-19). Our priority remains the safety of our members and our employees. Finance News Public Announcements FHLB Des Moines Files 2019 Form 10-K On March 11, 2020, FHLB Des Moines filed its 2019 Form 10-K with the Securities and Exchange Commission (SEC). Business News Public Announcements Kevin Larkin Named FHLB Des Moines Chief Information Officer Effective March 23, Kevin Larkin will become the new Chief Information Officer at the Federal Home Loan Bank of Des Moines. Business News Member Announcements Expanded Advance Product Terms Effective Tuesday, March 10, 2020, FHLB Des Moines has extended final maturity terms for Forward Starting Fixed-Rate and Member Option Fixed-Rate advances. Finance News Public Announcements Fourth Quarter 2019 Earnings Release & Dividend The Federal Home Loan Bank of Des Moines (the Bank) today released preliminary unaudited financial highlights for the fourth quarter and year ended December 31, 2019. The Bank also announced its fourth quarter 2019 dividend. Business News Member Announcements LLPs Eligibility Criteria Changes The Bank is simplifying its criteria for acceptance of LPPs in lieu of traditional title work. LPPs are insurance products that reimburse lenders for losses realized from otherwise unknown superior liens. If an undiscovered superior lien on the property impairs the lender's ability to collect. Business News Member Announcements FHLB Des Moines to Gather LIBOR-Linked Collateral Information Beginning on January 1, 2020, members reporting loan collateral will be asked to complete a brief survey identifying LIBOR-linked collateral with maturities beyond December 31, 2021.