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2022 Holiday Hours Member Announcements 2022 Holiday Hours The holiday season is upon us and with that comes amended hours. Updated Down Payment Agreement Member Announcements Updated Down Payment Agreement In order to access FHLB Des Moines Down Payment Products in 2023, all members must sign an updated Affordable Housing Program Subsidy Agreement for Homeownership Down Payment Products. 2022 Director Election Voting Underway Member Announcements 2022 Director Election Voting Underway Voting is now open in the Federal Home Loan Bank of Des Moines 2022 Director Election. Electronic Ballots were distributed to all eligible voting members on September 21, 2022. Council of Federal Home Loan Banks Names Donovan President and CEO Member Announcements Council of Federal Home Loan Banks Names Donovan President and CEO The Council of Federal Home Loan Banks (FHLBanks) appointed Ryan Donovan as its President and Chief Executive Officer. Donovan will begin his service to the Council of Federal Home Loan Banks on September 6. 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. Updated Collateral Loan-to-Values Effective June 27 Member Announcements Updated Collateral Loan-to-Values Effective June 27 On June 27, 2022, FHLB Des Moines will implement revised LTVs for most loan and securities collateral categories. Expiration of Adjusted Eligibility Guidelines for COVID-19 Relief Member Announcements Expiration of Adjusted Eligibility Guidelines for COVID-19 Relief FHLB Des Moines is ending the temporary Adjusted Eligibility Guidelines for Pledged Collateral for COVID relief effective with collateral pledged as of June 30, 2022. Memorial Day Hours Member Announcements Memorial Day Hours In observance of Memorial Day, modifications to our usual service hours will occur. Q1 2022 Combined Financial Report Member Announcements Q1 2022 Combined Financial Report The First Quarter 2022 Combined Financial Report (CFR) for the FHLBanks has been published and filed with the Federal Housing Finance Agency. An electronic copy of the CFR can be obtained on the Office of Finance website. Member Products Policy Revisions – Effective May 1, 2022 Member Announcements Member Products Policy Revisions – Effective May 1, 2022 View a brief summary of the revisions made to the Member Products Policy which are effective May 1, 2022. First Quarter 2022 Dividend & Earnings Release Member Announcements First Quarter 2022 Dividend & Earnings Release The Bank's Board of Directors approved a first quarter 2022 dividend at an annualized rate of 6.25 percent on activity-based stock, an increase of 0.25 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Good Friday Hours Member Announcements Good Friday Hours In observance of Good Friday, modifications to our usual services will occur.