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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 1/22/2020 at 8:50 AM

TermAdvance Rate
RegularDividend Adjusted Rate*SymmetricalCIA
Prev Overnight1.77%1.54%  
Overnight1.77%1.54%  
1 Week1.80%1.57%  
2 Weeks1.80%1.57%  
3 Weeks1.80%1.57%  
1 Month1.82%1.59%  
2 Months1.81%1.58%  
3 Months1.83%1.60%  
4 Months1.82%1.59%  
5 Months1.83%1.60%  
6 Months1.83%1.60%  
7 Months1.85%1.62%  
8 Months1.85%1.62%  
9 Months1.84%1.61%  
10 Months1.86%1.63%  
11 Months1.86%1.63%  
1 Year1.88%1.65%1.93%1.72%
1.5 Years1.89%1.66%1.94%1.72%
2 Years1.84%1.61%1.89%1.66%
3 Years1.85%1.62%1.90%1.67%
4 Years1.87%1.64%1.92%1.69%
5 Years1.94%1.71%1.99%1.75%
6 Years2.08%1.85% 1.89%
7 Years2.16%1.93% 1.97%
8 Years2.26%2.03% 2.07%
9 Years2.31%2.08% 2.12%
10 Years2.35%2.12% 2.16%
11 Years2.42%2.19% 2.23%
12 Years2.49%2.26% 2.30%
13 Years2.56%2.33% 2.37%
14 Years2.63%2.40% 2.44%
15 Years2.69%2.46% 2.50%
16 Years2.74%2.51% 2.55%
17 Years2.79%2.56% 2.60%
18 Years2.84%2.61% 2.65%
19 Years2.89%2.66% 2.70%
20 Years2.92%2.69% 2.73%
25 Years3.04%2.81% 2.85%
30 Years3.12%2.89% 2.94%

Notes

* <p>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 <a href="/products-services/strategies/analysis-and-modeling/dividend-benefit/">dividend calculator</a>. These calculations are indications only.</p>

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 and maximum term to maturity of 5 years.

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

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Indications as of 1/22/2020 at 8:50 AM

TermAmort.Amort. DelayAmort. Freq.Pre-Pay Option1Advance Rate
Reg.Div. Adjust*Sym.CIA
5 Years10 Years Annual3 Years2.09%1.86% 1.91%
5 Years15 Years MonthlyNone1.92%1.69% 1.73%
5 Years20 Years MonthlyNone1.93%1.70% 1.74%
5 Years25 Years MonthlyNone1.93%1.70% 1.74%
7 Years6.5 Years6 MonthsMonthlyNone1.96%1.73% 1.77%
7 Years20 Years MonthlyNone2.09%1.86% 1.90%
7 Years30 Years MonthlyNone2.12%1.89% 1.93%
10 Years9 Years12 MonthsMonthlyNone2.10%1.87% 1.91%
10 Years10 Years MonthlyNone2.05%1.82% 1.86%
10 Years10 Years Monthly5 Years2.14%1.91% 1.98%
10 Years15 Years MonthlyNone2.16%1.93% 1.97%
10 Years15 Years Monthly5 Years2.38%2.15% 2.19%
10 Years20 Years MonthlyNone2.21%1.98% 2.02%
10 Years20 Years Monthly5 Years2.48%2.25% 2.29%
13 Years15 Years AnnualNone2.24%2.01% 2.05%
15 Years10 Years60 MonthsMonthly7 Years2.79%2.56% 2.60%
15 Years12 Years36 MonthsMonthly5 Years2.77%2.54% 2.58%
15 Years15 Years MonthlyNone2.23%2.00% 2.04%
15 Years15 Years Monthly5 Years2.51%2.28% 2.32%
15 Years15 Years Annual5 Years2.55%2.32% 2.36%
15 Years25 Years Monthly5 Years2.92%2.69% 2.73%
15 Years30 Years Monthly7 Years2.86%2.63% 2.67%
20 Years19 Years12 MonthsMonthly5 Years2.95%2.72% 2.76%

Notes

* <p>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 <a href="/products-services/strategies/analysis-and-modeling/dividend-benefit/">dividend calculator</a>. These calculations are indications only.</p>

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 and maximum term to maturity of 5 years.

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 1/22/2020 at 8:50 AM

Advance Term/AmortizationPayment TypePayment FrequencyAdvance Rates
RegularDividend Adjusted Rate*CIA
2 YearsLevel PrincipalMonthly1.88%1.65%1.70%
3 YearsLevel PrincipalMonthly1.87%1.64%1.69%
4 YearsLevel PrincipalMonthly1.87%1.64%1.69%
5 YearsLevel PrincipalMonthly1.89%1.66%1.70%
7 YearsLevel PrincipalMonthly1.94%1.71%1.75%
10 YearsLevel PrincipalMonthly2.04%1.81%1.85%
15 YearsLevel PrincipalMonthly2.20%1.97%2.01%
20 YearsLevel PrincipalMonthly2.36%2.13%2.17%
30 YearsLevel PrincipalMonthly2.57%2.34%2.39%

Notes

* <p>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 <a href="/products-services/strategies/analysis-and-modeling/dividend-benefit/">dividend calculator</a>. These calculations are indications only.</p>

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 and maximum term to maturity of 5 years.

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

Advance Transactions Guide Article Advance Transactions Guide Ready to take out a FHLB Des Moines Advance? Here are the steps you should take to initiate the process. Common Misconceptions of Community Investment Advances Article Common Misconceptions of Community Investment Advances Are you maximizing your community impact on housing and economic development projects through Community Investment Advances (CIA)? There are a few common questions and misconceptions that we wanted to debunk about using CIAs to ensure all members feel confident using these advances. Operational Liquidity Testing Checklist and Best Practices Article Operational Liquidity Testing Checklist and Best Practices Testing ensures your operational procedures are effective and demonstrates your access to liquidity. Can your institution demonstrate the appropriate personnel understand the process of requesting funds from FHLB Des Moines? “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.

See all educational resources regarding this topic.