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The Federal Home Loan Bank of Des Moines Awards $45,000 to Community Improvement Projects Member Announcements The Federal Home Loan Bank of Des Moines Awards $45,000 to Community Improvement Projects The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is proud to announce the winners of the 2021 Strong Communities Award. 2021 Director Election Voting Underway Member Announcements 2021 Director Election Voting Underway Voting is now open in the Federal Home Loan Bank of Des Moines 2021 Director Election. Electronic ballots were distributed to all eligible voting members on September 21, 2021. Q2 2021 Combined Financial Report Member Announcements Q2 2021 Combined Financial Report The Second Quarter 2021 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. Commercial Real Estate and Multi-Family Eligibility Changes Member Announcements Commercial Real Estate and Multi-Family Eligibility Changes As a result of current conditions in the commercial markets, FHLB Des Moines is adjusting select loan eligibility criteria effective June 30, 2021 Second Quarter 2021 Dividend & Earnings Release Member Announcements Second Quarter 2021 Dividend & Earnings Release The Bank's Board of Directors approved a second quarter 2021 dividend at an annualized rate of 6.00 percent on activity-based stock and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $44 million are expected to be paid on August 11, 2021. Member Products Policy Updated July 1, 2021 Member Announcements Member Products Policy Updated July 1, 2021 An updated Member Products Policy was published on July 1, 2021. 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. New Collateral Type: Interest-Only MF/CRE Loans Member Announcements New Collateral Type: Interest-Only MF/CRE Loans FHLB Des Moines will soon be accepting interest-only loan collateral for Multi-Family and Commercial Real Estate loans (whole loans only, no participations). Memorial Day Hours Member Announcements Memorial Day Hours In observance of Memorial Day, modifications to our usual service hours will occur. 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. Good Friday Hours Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur.