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FHLBank System Regulator Provides LIBOR Transition Guidance Member Announcements FHLBank System Regulator Provides LIBOR Transition Guidance The financial markets are preparing for the expected phase-out of the London Interbank Offered Rate (LIBOR) by the end of 2021. FHLBanks Surpass $100 Billion in SOFR-linked Issuance Member Announcements FHLBanks Surpass $100 Billion in SOFR-linked Issuance The Office of Finance announced that the Federal Home Loan Bank System has issued over $100 billion in SOFR-linked securities since its first issuance in November of last year. Joe Kesler Declared Re-elected to FHLB Des Moines Board of Directors Member Announcements Joe Kesler Declared Re-elected to FHLB Des Moines Board of Directors The Federal Home Loan Bank of Des Moines (the Bank) is pleased to announce that Joe Kesler was recently re-elected as a director to the Bank's board. Mr. Kesler will serve as the Montana member director on the Bank's board for a four-year term commencing January 1, 2020. FHLB Des Moines Approves Second Quarter 2019 Dividend Member Announcements FHLB Des Moines Approves Second Quarter 2019 Dividend The FHLB Des Moines (the Bank) Board of Directors approved a second 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. Second Quarter 2019 Earnings Release Member Announcements Second Quarter 2019 Earnings Release On July 29, 2019, FHLB Des Moines released preliminary unaudited financial highlights for the quarter ended June 30, 2019. 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.