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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. Updated Collateral Loan-to-Values Effective June 27 Member Announcements Updated Collateral Loan-to-Values Effective June 27 On June 27, 2022, FHLB Des Moines will implement revised LTVs for most loan and securities collateral categories. Expiration of Adjusted Eligibility Guidelines for COVID-19 Relief Member Announcements Expiration of Adjusted Eligibility Guidelines for COVID-19 Relief FHLB Des Moines is ending the temporary Adjusted Eligibility Guidelines for Pledged Collateral for COVID relief effective with collateral pledged as of June 30, 2022. Memorial Day Hours Member Announcements Memorial Day Hours In observance of Memorial Day, modifications to our usual service hours will occur. Member Products Policy Revisions – Effective May 1, 2022 Member Announcements Member Products Policy Revisions – Effective May 1, 2022 View a brief summary of the revisions made to the Member Products Policy which are effective May 1, 2022. First Quarter 2022 Dividend & Earnings Release Member Announcements First Quarter 2022 Dividend & Earnings Release The Bank's Board of Directors approved a first quarter 2022 dividend at an annualized rate of 6.25 percent on activity-based stock, an increase of 0.25 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Good Friday Hours Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur. 2022 Stock Recalculation Notice Member Announcements 2022 Stock Recalculation Notice Each year, FHLB Des Moines reviews our members' total assets to determine capital stock requirements for each individual member. Wan-Chung Kung Elected to FHLB Des Moines Board Public Announcements Wan-Chung Kung Elected to FHLB Des Moines Board The Bank is pleased to announce that the Bank's Board of Directors has elected Wan-Chong Kung to fill the remainder of the four-year independent director term that became vacant on November 19, 2021. Ms. Kung's election became effective on January 19, 2022. 2022 Affordable Housing Program Information Now Available Member Announcements 2022 Affordable Housing Program Information Now Available Full details for the Federal Home Loan Bank of Des Moines Down Payment Products and the Competitive Affordable Housing Program are now available in the 2022 Implementation Plan. 2021 Holiday Hours Member Announcements 2021 Holiday Hours The holiday season is upon us and with that comes amended hours.