First Quarter 2024 Dividend & Earnings Release

last updated on Thursday, April 25, 2024 in Finance News

The Board of Directors approved a first quarter 2024 dividend to be paid at an annualized rate of 9.25 percent on average activity-based stock, an increase of 0.25 percent from the prior quarter, and 6.00 percent on average membership stock, an increase of 2.45 percent from the prior quarter. The Federal Home Loan Bank of Des Moines expects to make dividend payments totaling $147 million on May 13, 2024.

On April 25, 2024, FHLB Des Moines released preliminary unaudited financial highlights for the first quarter ended March 31, 2024. The financial results reported in this earnings release for the first quarter of 2024 are preliminary until the Bank announces unaudited financial results in its First Quarter 2024 Form 10-Q filed with the Securities and Exchange Commission, expected to be available next month at and

Please refer to the Bank's earnings release for more information.

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