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Eligibility Changes for LIBOR-Indexed Securities Collateral Member Announcements Eligibility Changes for LIBOR-Indexed Securities Collateral Effective June 30, 2021, new non-U.S. Government or Agency LIBOR-indexed securities pledged as collateral will be required to include acceptable fallback language if the maturity is beyond the LIBOR cessation date of June 30, 2023. Timeline for Future LIBOR-Indexed Collateral Changes 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. FHLB Des Moines and Together Credit Union Complete First eNote Transaction Public Announcements FHLB Des Moines and Together Credit Union Complete First eNote Transaction The Missouri-based member completed their digital transaction in February. “We are thrilled to have achieved this significant milestone, both as an institution and as a member of FHLB Des Moines,” said Larry Jackson, vice president of real estate lending at Together Credit Union. Updated Collateral Loan-to-Values Effective May 10 Member Announcements Updated Collateral Loan-to-Values Effective May 10 On May 10, 2021, FHLB Des Moines will implement revised LTVs for most collateral categories. Updated Collateral Loan-to-Values Effective July 13 Member Announcements Updated Collateral Loan-to-Values Effective July 13 On July 13, 2020, FHLB Des Moines will implement revised LTVs for most collateral categories. Now Accepting PPP Loans as Eligible Collateral Member Announcements Now Accepting PPP Loans as Eligible Collateral Beginning Tuesday, May 19, 2020, the Bank is now able to accept SBA Payment Protection Program (PPP) loans as collateral. Collateral Reporting Change Effective July 1, 2020 Member Announcements Collateral Reporting Change Effective July 1, 2020 With the expected phase-out of LIBOR at the end of 2021, FHLB Des Moines has made a change to its collateral reporting process beginning July 1, 2020. FHLB Des Moines to Gather LIBOR-Linked Collateral Information Member Announcements FHLB Des Moines to Gather LIBOR-Linked Collateral Information Beginning on January 1, 2020, members reporting loan collateral will be asked to complete a brief survey identifying LIBOR-linked collateral with maturities beyond December 31, 2021.