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CEO Newsletter 6/20/19 Member Announcements CEO Newsletter 6/20/19 Like anything in life, the financial services industry is always changing and evolving.  At times it seems that the only constant in the world of finance is change. But like any other institution, we embrace these changes and strive to provide our members with all the information and education they Updated Collateral Loan-to-Values Member Announcements Updated Collateral Loan-to-Values On June 24, 2019, FHLB Des Moines will implement revised LTVs for most collateral categories. 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. Advance Product Changes – Effective June 3, 2019 Member Announcements Advance Product Changes – Effective June 3, 2019 As part of its LIBOR transition plan, the Federal Home Loan Bank of Des Moines is implementing changes to the advance products listed below, effective June 3, 2019. Q1 2019 Combined Financial Report Member Announcements Q1 2019 Combined Financial Report The First Quarter 2019 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. FHLB Des Moines Approves First Quarter 2019 Dividend Member Announcements FHLB Des Moines Approves First Quarter 2019 Dividend The FHLB Des Moines (the Bank) Board of Directors approved a first quarter 2019 dividend at an annualized rate of 5.75 percent on activity-based stock and 3.25 percent on membership stock, unchanged from the prior quarter. FHLBDM will not accept delivery of loans with an Appraisal Waiver for the MPF Traditional product Member Announcements FHLBDM will not accept delivery of loans with an Appraisal Waiver for the MPF Traditional product FHLB Des Moines will not accept delivery of loans with an Appraisal Waiver. These loans are ineligible for sale into the MPF Traditional product. It's Here! Our New APF Process Has Launched Member Announcements It's Here! Our New APF Process Has Launched We are excited to announce that our new Authorized Personnel Form (APF) process has officially launched. First Quarter 2019 Earnings Release Member Announcements First Quarter 2019 Earnings Release On April 29, 2019, FHLB Des Moines released preliminary unaudited financial highlights for the quarter ended March 31, 2019. MPF Update for Institutions Impacted by Midwest Flooding Member Announcements MPF Update for Institutions Impacted by Midwest Flooding In light of recent flooding, the Federal Home Loan Bank of Des Moines would like to remind Servicers to review section 4.6 of the MPF® Traditional Servicing Guide which covers Property Damage and Loss Procedures. Federal Home Loan Bank of Des Moines Announces Executive Team Changes Member Announcements Federal Home Loan Bank of Des Moines Announces Executive Team Changes Mike Wilson, president and chief executive officer (CEO), has announced his intentions to retire in the second quarter of 2020. Joe Amato, executive vice president and chief financial officer (CFO), will be leaving effective June 7, 2019. Homeownership Program Changes Member Announcements Homeownership Program Changes After conducting a review of the Homeownership programs provided by FHLB Des Moines, we have determined that changes are necessary to the income guidelines and forms to income qualify households for the Home$tart® Program, NAHI, and the Competitive Affordable Housing Program. Q4 2018 Combined Financial Report Member Announcements Q4 2018 Combined Financial Report The Fourth Quarter 2018 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency.