News by "member announcements"

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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. 2022 Stock Recalculation Notice Member Announcements 2022 Stock Recalculation Notice Each year, FHLB Des Moines reviews our members' total assets to determine capital stock requirements for each individual member. 2021 Form 10-K Filed Member Announcements 2021 Form 10-K Filed On March 9, 2022, FHLB Des Moines filed its 2021 Form 10-K with the Securities and Exchange Commission (SEC). Help Offered to Households Displaced by the Kentucky, Illinois, and Tennessee Severe Storms Member Announcements Help Offered to Households Displaced by the Kentucky, Illinois, and Tennessee Severe Storms The Federal Housing Finance Agency (FHFA) recently issued a statement to allow vacant AHP-assisted rental units to be leased temporarily to individuals/households, regardless of their income, who are displaced because of the by the Kentucky, Illinois, and Tennessee Disasters in December 2021.