News by "Business News"

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 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 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. Business News Member Announcements Memorial Day Hours In observance of Memorial Day, modifications to our usual service hours will occur. Business News 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. Business News Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur. Business News 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. Business News 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.