News by "Business News"

Business News 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 Business News Member Announcements FHLB Des Moines to Offer Unique Funding Opportunity Beginning April 26 For a limited time beginning on April 26, 2021, FHLB Des Moines will offer members a special advance discount. Business News 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. Business News Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur. Business News 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. Business News 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. Business News Member Announcements 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. Business News Member Announcements 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. Business News Member Announcements 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. Business News Public Announcements 2020 Holiday Hours The holiday season is upon us and with that comes amended hours. Business News Member Announcements Changes to Underwriting Assessment Matrix - 2020 As of October 5, 2020, several changes were made to the Underwriting Assessment Matrix used in collateral reviews.