Advances

Unique Funding Opportunity (UFO)

Through Monday, March 15, 2021, FHLB Des Moines will offer a Unique Funding Opportunity (UFO) on 1-, 3- and 5-year long-term, fixed-rate, non-amortizing advances.**

Term	UFO Rate	Dividend Savings	Dividend Adjusted Rate**
1 year	0.34%	22 bps.	0.12%
3 years	0.58%	22 bps.	0.36%
5 years	1.02%	22 bps.	0.80%

Updated 3/4/2021

**VIEW DETAILS & DISCLOSURES

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 3/4/2021 at 8:45 AM

Term	Advance Rate
Term	Regular	Dividend Adjusted Rate^*	Symmetrical	CIA
Prev Overnight	0.30%	0.08%
Overnight	0.30%	0.08%
1 Week	0.30%	0.08%
2 Weeks	0.30%	0.08%
3 Weeks	0.30%	0.08%
1 Month	0.30%	0.08%
2 Months	0.30%	0.08%
3 Months	0.30%	0.08%
4 Months	0.30%	0.08%
5 Months	0.31%	0.09%
6 Months	0.32%	0.10%
7 Months	0.34%	0.12%
8 Months	0.34%	0.12%
9 Months	0.35%	0.13%
10 Months	0.36%	0.14%
11 Months	0.37%	0.15%
1 Year	0.38%	0.16%	0.43%	0.26%
1.5 Years	0.43%	0.21%	0.48%	0.30%
2 Years	0.47%	0.25%	0.52%	0.33%
3 Years	0.62%	0.40%	0.67%	0.48%
4 Years	0.87%	0.65%	0.92%	0.73%
5 Years	1.06%	0.84%	1.11%	0.91%
6 Years	1.29%	1.07%	1.34%	1.14%
7 Years	1.50%	1.28%	1.55%	1.35%
8 Years	1.70%	1.48%	1.75%	1.55%
9 Years	1.79%	1.57%	1.84%	1.64%
10 Years	1.91%	1.69%	1.96%	1.76%
11 Years	1.99%	1.77%		1.84%
12 Years	2.07%	1.85%		1.92%
13 Years	2.15%	1.93%		2.00%
14 Years	2.23%	2.01%		2.08%
15 Years	2.30%	2.08%		2.15%
16 Years	2.38%	2.16%		2.23%
17 Years	2.46%	2.24%		2.31%
18 Years	2.54%	2.32%		2.39%
19 Years	2.62%	2.40%		2.47%
20 Years	2.70%	2.48%		2.55%
25 Years	2.92%	2.70%		2.78%
30 Years	3.13%	2.91%		2.99%

Amortizing Advances

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Indications as of 3/4/2021 at 8:45 AM

Term	Amort.	Amort. Delay	Amort. Freq.	Pre-Pay Option¹	Advance Rate
Term	Amort.	Amort. Delay	Amort. Freq.	Pre-Pay Option¹	Reg.	Div. Adjust^*	Sym.	CIA
5 Years	10 Years		Annual	3 Years	0.95%	0.73%		0.80%
5 Years	15 Years		Monthly	None	0.92%	0.70%		0.77%
5 Years	20 Years		Monthly	None	0.96%	0.74%		0.81%
5 Years	25 Years		Monthly	None	0.98%	0.76%		0.83%
7 Years	6.5 Years	6 Months	Monthly	None	0.90%	0.68%		0.75%
7 Years	20 Years		Monthly	None	1.28%	1.06%		1.13%
7 Years	30 Years		Monthly	None	1.36%	1.14%		1.21%
10 Years	9 Years	12 Months	Monthly	None	1.26%	1.04%		1.11%
10 Years	10 Years		Monthly	None	1.11%	0.89%		0.96%
10 Years	10 Years		Monthly	5 Years	1.17%	0.95%		1.02%
10 Years	15 Years		Monthly	None	1.39%	1.17%		1.24%
10 Years	15 Years		Monthly	5 Years	1.50%	1.28%		1.35%
10 Years	20 Years		Monthly	None	1.54%	1.32%		1.39%
10 Years	20 Years		Monthly	5 Years	1.68%	1.46%		1.53%
13 Years	15 Years		Annual	None	1.51%	1.29%		1.36%
15 Years	10 Years	60 Months	Monthly	7 Years	2.19%	1.97%		2.04%
15 Years	12 Years	36 Months	Monthly	5 Years	2.03%	1.81%		1.88%
15 Years	15 Years		Monthly	None	1.46%	1.24%		1.31%
15 Years	15 Years		Monthly	5 Years	1.60%	1.38%		1.45%
15 Years	15 Years		Annual	5 Years	1.67%	1.45%		1.52%
15 Years	25 Years		Monthly	5 Years	2.09%	1.87%		1.94%
15 Years	30 Years		Monthly	7 Years	2.13%	1.91%		1.98%
20 Years	19 Years	12 Months	Monthly	5 Years	2.09%	1.87%		1.94%

Straight Line Amortizing Advances

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Indications as of 3/4/2021 at 8:45 AM

Advance Term/Amortization	Payment Type	Payment Frequency	Advance Rates
Advance Term/Amortization	Payment Type	Payment Frequency	Regular	Dividend Adjusted Rate^*	CIA
2 Years	Level Principal	Monthly	0.41%	0.19%	0.27%
3 Years	Level Principal	Monthly	0.46%	0.24%	0.32%
4 Years	Level Principal	Monthly	0.53%	0.31%	0.39%
5 Years	Level Principal	Monthly	0.63%	0.41%	0.48%
7 Years	Level Principal	Monthly	0.82%	0.60%	0.67%
10 Years	Level Principal	Monthly	1.09%	0.87%	0.94%
15 Years	Level Principal	Monthly	1.43%	1.21%	1.28%
20 Years	Level Principal	Monthly	1.70%	1.48%	1.55%
30 Years	Level Principal	Monthly	2.10%	1.88%	1.96%