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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 1/15/2019 at 8:41 AM

TermAdvance Rate
RegularDividend Adjusted Rate*SymmetricalCIA
Prev Overnight2.60%2.37%  
Overnight2.60%2.37%  
1 Week2.60%2.37%  
2 Weeks2.63%2.40%  
3 Weeks2.63%2.40%  
1 Month2.65%2.42%  
2 Months2.66%2.43%  
3 Months2.69%2.46%  
4 Months2.71%2.48%  
5 Months2.76%2.53%  
6 Months2.77%2.54%  
7 Months2.79%2.56%  
8 Months2.82%2.59%  
9 Months2.83%2.60%  
10 Months2.86%2.63%  
11 Months2.87%2.64%  
1 Year2.80%2.57%2.81%2.64%
1.5 Years2.85%2.62%2.86%2.67%
2 Years2.84%2.61%2.85%2.66%
3 Years2.87%2.64%2.88%2.68%
4 Years2.91%2.68%2.92%2.72%
5 Years2.96%2.73%2.97%2.77%
6 Years3.09%2.86%3.11%2.90%
7 Years3.19%2.96%3.21%3.00%
8 Years3.29%3.06%3.32%3.10%
9 Years3.37%3.14%3.40%3.18%
10 Years3.44%3.21%3.48%3.25%
11 Years3.50%3.27%3.55%3.31%
12 Years3.55%3.32%3.60%3.36%
13 Years3.59%3.36%3.65%3.40%
14 Years3.64%3.41%3.70%3.45%
15 Years3.68%3.45%3.75%3.49%
16 Years3.72%3.49%3.80%3.53%
17 Years3.75%3.52%3.83%3.56%
18 Years3.78%3.55%3.87%3.59%
19 Years3.81%3.58%3.90%3.62%
20 Years3.84%3.61%3.94%3.65%
25 Years3.97%3.74%4.08%3.78%
30 Years4.09%3.86%4.21%3.91%

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

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Indications as of 1/15/2019 at 8:41 AM

TermAmort.Amort. DelayAmort. Freq.Pre-Pay Option1Advance Rate
Reg.Div. Adjust*Sym.CIA
5 Years10 Years Annual3 Years3.15%2.92%3.16%2.96%
5 Years15 Years MonthlyNone2.93%2.70%2.94%2.74%
5 Years20 Years MonthlyNone2.94%2.71%2.95%2.75%
5 Years25 Years MonthlyNone2.95%2.72%2.96%2.76%
7 Years6.5 Years6 MonthsMonthlyNone2.97%2.74%2.99%2.78%
7 Years20 Years MonthlyNone3.12%2.89%3.14%2.93%
7 Years30 Years MonthlyNone3.15%2.92%3.17%2.96%
10 Years9 Years12 MonthsMonthlyNone3.13%2.90%3.17%2.94%
10 Years10 Years MonthlyNone3.07%2.84%3.11%2.88%
10 Years10 Years Monthly5 Years3.19%2.96%3.23%3.03%
10 Years15 Years MonthlyNone3.21%2.98%3.25%3.02%
10 Years15 Years Monthly5 Years3.48%3.25%3.52%3.29%
10 Years20 Years MonthlyNone3.28%3.05%3.32%3.09%
10 Years20 Years Monthly5 Years3.60%3.37%3.64%3.41%
13 Years15 Years AnnualNone3.28%3.05%3.34%3.09%
15 Years10 Years60 MonthsMonthly7 Years3.86%3.63%3.93%3.67%
15 Years12 Years36 MonthsMonthly5 Years3.86%3.63%3.93%3.67%
15 Years15 Years MonthlyNone3.26%3.03%3.33%3.07%
15 Years15 Years Monthly5 Years3.58%3.35%3.65%3.39%
15 Years15 Years Annual5 Years3.63%3.40%3.70%3.44%
15 Years25 Years Monthly5 Years4.00%3.77%4.07%3.81%
15 Years30 Years Monthly7 Years3.93%3.70%4.00%3.74%
20 Years19 Years12 MonthsMonthly5 Years4.00%3.77%4.10%3.81%

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 1/15/2019 at 8:41 AM

Advance Term/AmortizationPayment TypePayment FrequencyAdvance Rates
RegularDividend Adjusted Rate*CIA
2 YearsLevel PrincipalMonthly2.82%2.59%2.64%
3 YearsLevel PrincipalMonthly2.84%2.61%2.65%
4 YearsLevel PrincipalMonthly2.85%2.62%2.66%
5 YearsLevel PrincipalMonthly2.87%2.64%2.68%
7 YearsLevel PrincipalMonthly2.93%2.70%2.74%
10 YearsLevel PrincipalMonthly3.05%2.82%2.86%
15 YearsLevel PrincipalMonthly3.22%2.99%3.03%
20 YearsLevel PrincipalMonthly3.36%3.13%3.17%
30 YearsLevel PrincipalMonthly3.55%3.32%3.37%

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

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. Advance Restructuring For Your Institution Article Advance Restructuring For Your Institution Did you know that it's possible to extend your liability prior to the maturity date? You have the ability to do this through the FHLB Des Moines by restructuring advances, also known as Blend & Extend. Why a Capped Floater is Right for You Whitepaper Why a Capped Floater is Right for You During times when interest rates are expected to increase significantly, it can be important to secure both duration and cost certain funding.

See all educational resources regarding this topic.