Updated Collateral Loan-to-Values Effective July 13

last updated on Friday, June 12, 2020 in Business News

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. On July 13, 2020, FHLB Des Moines will implement revised LTVs for most collateral categories. 

These changes may affect your FHLB Des Moines borrowing capacity. A chart of the updated LTVs are provided by clicking on the links below. 

Loan Collateral

Loan collateral LTVs will be updated for all members with a Blanket Advances, Pledge and Security Agreement (APSA). 

LOAN LTV CHart effective 7-13-2020

Comparison of loan collateral ltv changes

The additional type codes for select collateral types (3101, 3102, 3103, 3203, 3205 and 3414) are representative of the type codes for eNotes when they become available for members to pledge. These were initially introduced in our Q2 Collateral Quarterly.

Securities Collateral

Security collateral LTVs will be updated for all members and all housing associates. Additionally we will assign only one LTV to A, AA, and AAA-rated instruments instead of separated by rating as done in the current LTV chart for Security collateral. We continue to have the same requirement of an ‘A’ rating or better, except RMBS subprime, which must be AAA.

Securities LTV CHart effective 7-13-2020

Comparison of Securities Collateral LTV Changes


Information on LTVs can be found here.

If you have questions, or would like additional information on the updated LTVs, please contact the Collateral Department.
 

  1. Collateral
  2. Credit and Collateral