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Commercial Real Estate and Multi-Family Eligibility Changes Member Announcements Commercial Real Estate and Multi-Family Eligibility Changes As a result of current conditions in the commercial markets, FHLB Des Moines is adjusting select loan eligibility criteria effective June 30, 2021 Member Products Policy Updated July 1, 2021 Member Announcements Member Products Policy Updated July 1, 2021 An updated Member Products Policy was published on July 1, 2021. Eligibility Changes for LIBOR-Indexed Securities Collateral Member Announcements Eligibility Changes for LIBOR-Indexed Securities Collateral Effective June 30, 2021, new non-U.S. Government or Agency LIBOR-indexed securities pledged as collateral will be required to include acceptable fallback language if the maturity is beyond the LIBOR cessation date of June 30, 2023. Timeline for Future LIBOR-Indexed Collateral Changes Member Announcements Timeline for Future LIBOR-Indexed Collateral Changes With the LIBOR cessation date set for June 30, 2023, FHLB Des Moines has announced a timeline of future changes regarding LIBOR-indexed collateral. Independence Day Hours Public Announcements Independence Day Hours In observance of Independence Day, modifications to our usual hours will occur. FHLB Des Moines and Together Credit Union Complete First eNote Transaction Public Announcements FHLB Des Moines and Together Credit Union Complete First eNote Transaction The Missouri-based member completed their digital transaction in February. “We are thrilled to have achieved this significant milestone, both as an institution and as a member of FHLB Des Moines,” said Larry Jackson, vice president of real estate lending at Together Credit Union. New Collateral Type: Interest-Only MF/CRE Loans Member Announcements New Collateral Type: Interest-Only MF/CRE Loans FHLB Des Moines will soon be accepting interest-only loan collateral for Multi-Family and Commercial Real Estate loans (whole loans only, no participations). Memorial Day Hours Member Announcements Memorial Day Hours In observance of Memorial Day, modifications to our usual service hours will occur. Updated Collateral Loan-to-Values Effective May 10 Member Announcements Updated Collateral Loan-to-Values Effective May 10 On May 10, 2021, FHLB Des Moines will implement revised LTVs for most collateral categories. Good Friday Hours Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur. 2021 Stock Recalculation Notice Member Announcements 2021 Stock Recalculation Notice Each year, FHLB Des Moines reviews our members' total assets to determine capital stock requirements for each individual member. According to our Capital Plan, your institution must maintain membership stock in a dollar amount equal to 0.12 percent of your total assets as of December 31, 2020. 2021 Community Support Review Public Announcements 2021 Community Support Review The FHFA encourages the public to submit comments by March 31, 2021, on the community support performance of Bank members.