News by "member announcements"

Letters from the CEO Member Announcements Housing Finance Reform and the FHLBank System In early September, the United States Department of the Treasury released its Housing Reform Plan. Business News Member Announcements Underwriting Assessment Matrix Changes As part of collateral verification, the Bank reviews the underwriting for pledged loans. Preferably, all loans are fully documented to market expectations. Via the Underwriting Assessment Matrix, we are able to provide lendable value to less than fully documented loans at an appropriate discount. Business News 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. Business News 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. Community News 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. Finance News 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. Finance News 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. Letters from the CEO 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 Business News 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. Business News 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. Finance News 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. Finance News 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.