Material Adverse Events: When and How to Report

last updated on Monday, July 29, 2019 in Member Services

Natural disasters like flooding, tornados and hurricanes, and other material adverse events can happen without a moment’s notice.  

If such an occurrence impacts your pledged collateral or ability to repay outstanding exposure, you are required to notify FHLB Des Moines in a timely manner. 

General Rule: If you need to report it to your regulator, you need to report it to FHLB Des Moines, as well.

The primary point of contact for reporting material adverse events is this confidential email address:

In your email report, you should include:

  • Institution and member number,
  • Contact person name, phone number and email address, and a
  • Brief description of material adverse event and date event occurred.

Following a member report, the Bank will evaluate the information and if necessary, reach out to discuss the event to fully understand the facts and circumstances. Then, the Bank will evaluate the significance and determine what actions, if any, may be taken. If any action is necessary, the Bank will contact the member before taking the action.

Material adverse events can cause the value of collateral that is pledged to FHLB Des Moines to no longer fully cover the member’s total credit exposure or could negatively impact the member’s ability to fully repay existing exposures outstanding with the Bank.

If you have any further questions about your reporting responsibility, contact your Relationship Manager or