News by "member announcements"

Community News 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. Business News Member Announcements 2022 Affordable Housing Program Information Now Available Full details for the Federal Home Loan Bank of Des Moines Down Payment Products and the Competitive Affordable Housing Program are now available in the 2022 Implementation Plan. Business News Member Announcements 2021 Holiday Hours The holiday season is upon us and with that comes amended hours. Business News Member Announcements New SOFR Advance Features Effective November 8, 2021 Beginning on Monday, November 8, 2021 the Federal Home Loan Bank of Des Moines will offer new features on Secured Overnight Financing Rate (SOFR) advances. Finance News Member Announcements Third Quarter 2021 Dividend & Earnings Release The Bank's Board of Directors approved a third 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 $43 million are expected to be paid on November 12, 2021. Community News 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. Community News 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. Finance News 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. Business News 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 Finance News 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. Business News Member Announcements Member Products Policy Updated July 1, 2021 An updated Member Products Policy was published on July 1, 2021. Business News 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.