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Applicant Tracking System Changes Public Announcements Applicant Tracking System Changes On Sept. 9, 2019, our applicant tracking system changed. If you've recently applied for a position, here's what you need to know and do. FHLBanks Surpass $100 Billion in SOFR-linked Issuance Member Announcements FHLBanks Surpass $100 Billion in SOFR-linked Issuance The Office of Finance announced that the Federal Home Loan Bank System has issued over $100 billion in SOFR-linked securities since its first issuance in November of last year. FHLB Des Moines urges Congress to hold hearings on CECL Public Announcements FHLB Des Moines urges Congress to hold hearings on CECL Industry experts agree: The Current Expected Credit Loss (CECL) accounting standard proposed by the Financial Accounting Standards Board will be highly problematic for financial institutions. FHLB Des Moines agrees and recently encouraged Congress to hold hearings on CECL. Updated Collateral Loan-to-Values Member Announcements Updated Collateral Loan-to-Values On June 24, 2019, FHLB Des Moines will implement revised LTVs for most collateral categories. The Federal Home Loan Bank of Des Moines periodically reviews our collateral Loan-to-Values (LTVs) to ensure they are consistent with the current market environment. Federal Home Loan Bank of Des Moines Announces New Top Executives Public Announcements Federal Home Loan Bank of Des Moines Announces New Top Executives Federal Home Loan Bank of Des Moines (FHLB Des Moines or the Bank) announced the promotion of Joelyn Jensen-Marren and Bill Bemis. Advance Product Changes – Effective June 3, 2019 Member Announcements Advance Product Changes – Effective June 3, 2019 As part of its LIBOR transition plan, the Federal Home Loan Bank of Des Moines is implementing changes to the advance products listed below, effective June 3, 2019. Federal Home Loan Bank of Des Moines Announces Government Relations Director Public Announcements Federal Home Loan Bank of Des Moines Announces Government Relations Director Federal Home Loan Bank of Des Moines announces Joe Cwiklinski as the incoming vice president/government relations director. FHLBDM will not accept delivery of loans with an Appraisal Waiver for the MPF Traditional product Member Announcements FHLBDM will not accept delivery of loans with an Appraisal Waiver for the MPF Traditional product FHLB Des Moines will not accept delivery of loans with an Appraisal Waiver. These loans are ineligible for sale into the MPF Traditional product. It's Here! Our New APF Process Has Launched Member Announcements It's Here! Our New APF Process Has Launched We are excited to announce that our new Authorized Personnel Form (APF) process has officially launched. Federal Home Loan Bank of Des Moines Announces Three Vice President Promotions Public Announcements Federal Home Loan Bank of Des Moines Announces Three Vice President Promotions Federal Home Loan Bank of Des Moines announced the promotion of Clay Hestdalen and Tony Montgomery, as well as the hire of Jeff Fuhrmeister. MPF Update for Institutions Impacted by Midwest Flooding Member Announcements MPF Update for Institutions Impacted by Midwest Flooding In light of recent flooding, the Federal Home Loan Bank of Des Moines would like to remind Servicers to review section 4.6 of the MPF® Traditional Servicing Guide which covers Property Damage and Loss Procedures. Federal Home Loan Bank of Des Moines Announces Executive Team Changes Member Announcements Federal Home Loan Bank of Des Moines Announces Executive Team Changes Mike Wilson, president and chief executive officer (CEO), has announced his intentions to retire in the second quarter of 2020. Joe Amato, executive vice president and chief financial officer (CFO), will be leaving effective June 7, 2019.