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FHLB Des Moines Announces Advance Product Changes
In preparation for the expected phase-out of the London Interbank Offered Rate (LIBOR) by the end of 2021, the Bank has implemented advance product changes effective January 4, 2021.
Business News
Public Announcements
FHLB Des Moines Response: FireEye and SolarWinds Security Breaches
FHLB Des Moines is aware of recent security breaches at FireEye and SolarWinds. The Bank does not utilize any products or services from FireEye. The Bank does, however, utilize certain products in the SolarWinds Orion Platform.
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Brent Ekstrom Appointed to FHLB Des Moines Advisory Council
FHLB Des Moines recently appointed Brent Ekstrom, executive director, Lewis & Clark Development Group, to its Affordable Housing Advisory Council representing the state of North Dakota.
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2021 Affordable Housing Program Information Now Available
Full details for the 2021 FHLB Des Moines Down Payment Products and the Competitive Affordable Housing Program are now available.
Community News
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FHLB Des Moines Awards $41.3 Million in Affordable Housing Grants to Benefit 63 Projects
The Federal Home Loan Bank of Des Moines (FHLB Des Moines or the Bank) is pleased to announce the recipients of its 2020 Competitive Affordable Housing Program awards.
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FHLB Des Moines Adopts LIBOR Fallback Language
To conform with the market transition away from LIBOR, FHLB Des Moines is adopting the Alternative Reference Rate Committee's (ARRC) recommended fallback language for floating rate notes tied to LIBOR.
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Public Announcements
2020 Holiday Hours
The holiday season is upon us and with that comes amended hours.
Finance News
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Q3 2020 Combined Financial Report
The Third Quarter 2020 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency.
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Changes to Underwriting Assessment Matrix - 2020
As of October 5, 2020, several changes were made to the Underwriting Assessment Matrix used in collateral reviews.
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Third Quarter 2020 Form 10-Q Filed
Today, November 10, the Bank filed its Third Quarter 2020 Form 10-Q with the Securities and Exchange Commission (SEC).
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2020 Member and Independent Director Election Results
On November 5, 2020, the Board of Directors of FHLB Des Moines reviewed the results of the 2020 Member and Independent Director Election.
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Updated Down Payment Agreement
In order to access FHLB Des Moines Down Payment Products in 2021, all members must sign an updated Affordable Housing Program Subsidy Agreement for Homeownership Down Payment Products.
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