News by "Business News"

Business News Member Announcements Collateral Procedures Document Updated The Collateral Procedures Document has been updated to reflect recent changes to self-reporting requirements of subprime and nontraditional 1-4 family residential loans. Business News Member Announcements 2019 Stock Recalculation Notice Each year, FHLB Des Moines reviews our members' total assets to determine capital stock requirements for each individual member. Business News Member Announcements Changes to Collateral Eligibility Requirements Impact of the changes to Commercial Real Estate and Multi-Family Loans Business News Member Announcements Reminder: Members Must Report a Material Adverse Event All Federal Home Loan Bank of Des Moines members are required to report material adverse events to the Bank. The member has always been responsible for reporting to the Bank any material adverse event that would render any representations or warranties invalid or untrue. Business News Member Announcements 2019 Service Fee Changes You may notice some changes to our service fees on your statement. Business News Member Announcements 2018 Holiday Hours The holiday season is upon us and with that comes amended hours. Business News Member Announcements 2018 Director Election Voting Underway Voting is now open in the Federal Home Loan Bank of Des Moines 2018 Director Election for independent directors. Electronic ballots were distributed to all eligible voting members on September 27, 2018. Two independent director seats will be filled through a district-wide election. All Bank members will be able to cast their institution’s votes for both independent director candidates nominated to stand for election. Ballots must be received by November 2, 2018 at 5 PM CDT. Cast your vote.     Business News Member Announcements FHLB Des Moines Declares Elected Member Directors in ID, ND and WY The nomination period for the 2018 Federal Home Loan Bank of Des Moines (FHLB Des Moines) Director Election concluded effective August 2, 2018. Business News Member Announcements 2019 New Collateral Definitions and Reporting Requirements Beginning January 2, 2019, the Federal Home Loan Bank of Des Moines will implement changes to collateral definitions and procedures for pledging and reporting of nontraditional and subprime loans. In addition, the definition of subprime will be simplified to support this new reporting requirement. Business News Member Announcements 2018 Director Elections Commencement of the annual Federal Home Loan Bank of Des Moines director election is underway. Based on Federal Housing Finance Agency designations for Bank directors, member director elections will take place in the states of Idaho, North Dakota, and Wyoming and members in those states will each fill one member director seat in its respective state. Two independent director seats will also be filled in 2018 through a district-wide election. Business News Member Announcements Montana Member Director Announced Montana Member Director Announced Business News Member Announcements FHLB Des Moines Files 2016 Form 10-K On March 21, 2017, FHLB Des Moines filed its 2016 Form 10-K with the Securities and Exchange Commission (SEC). The Bank’s Form 10-K includes financial results for the fourth quarter and year-ended December 31, 2016.