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Advances

Our broad menu of short-term and long-term funding options provide members with reliable, cost-effective liquidity to manage capital and interest rate risk for their institutions.

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Fixed-Rate Advances

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Indications as of 7/17/2019 at 8:44 AM

TermAdvance Rate
RegularDividend Adjusted Rate*SymmetricalCIA
Prev Overnight2.46%2.23%  
Overnight2.46%2.23%  
1 Week2.39%2.16%  
2 Weeks2.39%2.16%  
3 Weeks2.39%2.16%  
1 Month2.41%2.18%  
2 Months2.40%2.17%  
3 Months2.38%2.15%  
4 Months2.33%2.10%  
5 Months2.32%2.09%  
6 Months2.30%2.07%  
7 Months2.26%2.03%  
8 Months2.26%2.03%  
9 Months2.25%2.02%  
10 Months2.26%2.03%  
11 Months2.26%2.03%  
1 Year2.29%2.06%2.30%2.13%
1.5 Years2.26%2.03%2.27%2.08%
2 Years2.18%1.95%2.19%2.00%
3 Years2.18%1.95%2.19%1.99%
4 Years2.19%1.96%2.20%2.00%
5 Years2.22%1.99%2.23%2.03%
6 Years2.36%2.13%2.37%2.17%
7 Years2.47%2.24%2.48%2.28%
8 Years2.56%2.33%2.57%2.37%
9 Years2.63%2.40%2.64%2.44%
10 Years2.71%2.48%2.72%2.52%
11 Years2.78%2.55%2.79%2.59%
12 Years2.84%2.61%2.86%2.65%
13 Years2.89%2.66%2.91%2.70%
14 Years2.95%2.72%2.98%2.76%
15 Years3.00%2.77%3.03%2.81%
16 Years3.04%2.81%3.07%2.85%
17 Years3.08%2.85%3.12%2.89%
18 Years3.11%2.88%3.15%2.92%
19 Years3.15%2.92%3.20%2.96%
20 Years3.19%2.96%3.24%3.00%
25 Years3.36%3.13%3.41%3.17%
30 Years3.51%3.28%3.57%3.33%

Notes

* The dividend adjusted rate is an approximation based off of our current stock requirement and current dividend payment. This is an approximation only. For alternative dividend adjusted calculations, please consider using our dividend calculator. These calculations are indications only.

Comments

For additional product details, please review our product suite.

For Fixed-Rate Advances not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

The minimum size for advances eligible for the symmetrical prepayment feature is $1 million.

Interest on advances with maturities ≤ 6 months is due at maturity.

Interest on advances with maturities > 6 months is due monthly.

Other terms and conditions may apply.

Amortizing Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 7/17/2019 at 8:44 AM

TermAmort.Amort. DelayAmort. Freq.Pre-Pay Option1Advance Rate
Reg.Div. Adjust*Sym.CIA
5 Years10 Years Annual3 Years2.41%2.18% 2.22%
5 Years15 Years MonthlyNone2.23%2.00%2.24%2.04%
5 Years20 Years MonthlyNone2.22%1.99%2.23%2.03%
5 Years25 Years MonthlyNone2.22%1.99%2.23%2.03%
7 Years6.5 Years6 MonthsMonthlyNone2.28%2.05% 2.09%
7 Years20 Years MonthlyNone2.41%2.18%2.42%2.22%
7 Years30 Years MonthlyNone2.43%2.20%2.44%2.24%
10 Years9 Years12 MonthsMonthlyNone2.42%2.19% 2.23%
10 Years10 Years MonthlyNone2.38%2.15%2.39%2.19%
10 Years10 Years Monthly5 Years2.45%2.22% 2.29%
10 Years15 Years MonthlyNone2.50%2.27%2.51%2.31%
10 Years15 Years Monthly5 Years2.70%2.47% 2.51%
10 Years20 Years MonthlyNone2.57%2.34%2.58%2.38%
10 Years20 Years Monthly5 Years2.81%2.58% 2.62%
13 Years15 Years AnnualNone2.57%2.34%2.59%2.38%
15 Years10 Years60 MonthsMonthly7 Years3.08%2.85% 2.89%
15 Years12 Years36 MonthsMonthly5 Years3.05%2.82% 2.86%
15 Years15 Years MonthlyNone2.56%2.33%2.59%2.37%
15 Years15 Years Monthly5 Years2.81%2.58% 2.62%
15 Years15 Years Annual5 Years2.84%2.61% 2.65%
15 Years25 Years Monthly5 Years3.19%2.96% 3.00%
15 Years30 Years Monthly7 Years3.15%2.92% 2.96%
20 Years19 Years12 MonthsMonthly5 Years3.25%3.02% 3.06%

Notes

* The dividend adjusted rate is an approximation based off of our current stock requirement and current dividend payment. This is an approximation only. For alternative dividend adjusted calculations, please consider using our dividend calculator. These calculations are indications only.

1. Earliest opportunity member has the option to pre-pay without a fee.

Comments

For additional product details, please review our product suite.

For Amortizing Advances not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

The minimum size for advances eligible for the symmetrical prepayment feature is $1 million.

Amortizing advance rates are based upon level payments (i.e. not straight line) over the life of the advance.

Other terms and conditions may apply.

Straight Line Amortizing Advances

Download Product Rate Sheet - Excel, PDF, Print

Indications as of 7/17/2019 at 8:44 AM

Advance Term/AmortizationPayment TypePayment FrequencyAdvance Rates
RegularDividend Adjusted Rate*CIA
2 YearsLevel PrincipalMonthly2.30%2.07%2.12%
3 YearsLevel PrincipalMonthly2.27%2.04%2.08%
4 YearsLevel PrincipalMonthly2.25%2.02%2.06%
5 YearsLevel PrincipalMonthly2.24%2.01%2.05%
7 YearsLevel PrincipalMonthly2.27%2.04%2.08%
10 YearsLevel PrincipalMonthly2.37%2.14%2.18%
15 YearsLevel PrincipalMonthly2.54%2.31%2.35%
20 YearsLevel PrincipalMonthly2.68%2.45%2.49%
30 YearsLevel PrincipalMonthly2.89%2.66%2.71%

Notes

* The dividend adjusted rate is an approximation based off of our current stock requirement and current dividend payment. This is an approximation only. For alternative dividend adjusted calculations, please consider using our dividend calculator. These calculations are indications only.

Comments

Maximum advance term of 30 years.

Fully amortized at maturity.

Eligible for Community Investment Advance and symmetrical prepayment pricing.

The minimum size for advances eligible for the symmetrical prepayment feature is $1 million.

Interest calculated on an actual/360 basis.

For structures not listed above, please contact the Money Desk at 800.544.3452, ext. 2122.

Other terms and conditions may apply.

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Featured

eAdvantage LogineAdvantage is FHLB Des Moines secure, online member site where you can conveniently view statements and reports, monitor account balances, advances, capital stock, collateral and more. Community Investment AdvancesFor members of FHLB Des Moines, meeting the credit needs of their local community is being a good neighbor and is also good business. CollateralWe offer an extensive collateral menu including a variety of real estate loans, mortgage and business loans, government-guaranteed loans, securities and time certificates of deposit. StrategiesThe FHLB Des Moines Relationship Managers and Strategies Teams are your complimentary consulting resource available to provide tools and analysis for your unique markets and opportunities.

Educational Resources

“Blend and Extend” Funding Strategies: An Effective Means of Decreasing Future Funding Costs, Customizing Balance Sheet Duration and Pre-Funding Article “Blend and Extend” Funding Strategies: An Effective Means of Decreasing Future Funding Costs, Customizing Balance Sheet Duration and Pre-Funding While most financial institutions typically make the decision to roll the maturity at the time the advance matures, in certain circumstances, members of FHLB Des Moines have the ability to extend the advance prior to the maturity date. LIBOR: The Transition Ahead Article LIBOR: The Transition Ahead The financial markets have commenced preparations for the expected phase out of the London Interbank Offered Rate (LIBOR) by the end of 2021. FHLB Des Moines wants to ensure that you, our members, are as prepared as possible. Raising Wholesale Funds: “Things are Seldom What They Seem” Article Raising Wholesale Funds: “Things are Seldom What They Seem” Depending upon the interest rate environment or location on the yield curve, dividend-adjusted advance rates may or may not be comparable. You'll never know unless you run the dividend adjustment calculation. How Can the Impact of Rising Rates on Your Investment Portfolio's Market Value Come Out in the Wash? Article How Can the Impact of Rising Rates on Your Investment Portfolio's Market Value Come Out in the Wash? Today, while no one can be certain of the direction of interest rates, the short-end of the yield curve is under the heavy influence of well-telegraphed Fed tightening.

See all educational resources regarding this topic.