News by "Business News"

Business News Public Announcements MPF® Program surpasses $1 billion in CE Income Paid to FHLBank Members The Mortgage Partnership Finance® Program (MPF®) recently surpassed $1 billion in Credit Enhancement (CE) income paid to almost 1,600 Federal Home Loan Bank (FHLBank) member financial institutions. Business News Public Announcements 2023 Community Support Review The FHFA encourages the public to submit comments by March 31, 2023, on the community support performance of Bank members. Business News Member Announcements 2023 Stock Recalculation Notice Adjustments for 2023 will take place on Wednesday, March 29, 2023 Business News 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. Business News Member Announcements Updated Collateral Loan-to-Values Effective March 6 On March 6, 2023, FHLB Des Moines will implement revised LTVs for most collateral categories. Business News Member Announcements 2023 Affordable Housing Program Information Now Available Full details for the Federal Home Loan Bank of Des Moines Down Payment Products are now available in the 2023 Implementation Plan. Business News Member Announcements 2022 Holiday Hours The holiday season is upon us and with that comes amended hours. Business News Member Announcements Updated Down Payment Agreement In order to access FHLB Des Moines Down Payment Products in 2023, all members must sign an updated Affordable Housing Program Subsidy Agreement for Homeownership Down Payment Products. Business News Member Announcements Council of Federal Home Loan Banks Names Donovan President and CEO The Council of Federal Home Loan Banks (FHLBanks) appointed Ryan Donovan as its President and Chief Executive Officer. Donovan will begin his service to the Council of Federal Home Loan Banks on September 6. Business News Public Announcements Independence Day Hours In observance of Independence Day, modifications to our usual hours will occur. Business News 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. Business News 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.