Safekeeping and Custody Services
FHLB Des Moines offers safekeeping and custody services for Federal Reserve Book entry or depository eligible and physical securities.
Our safekeeping services provide third party securities pledging, same-day cash settlement transactions, timely resolutions of payment problems and a monthly statement of holdings report through eAdvantage. For more information, please contact us.
Safekeeping and Custody business hours are 8:00 AM to 4:30 PM (CT) Monday through Friday, except on holidays. Best efforts will be made to settle securities same day that are received prior to 2:00 PM CST. Please visit our Hours of Operations page for further details.
Trade settlement information should be reported to Member and Financial Operations team. Acceptable settlement forms include copies of a broker’s confirmation signed by authorized personnel and/or member's information sheet complete with requirements and signature from authorized personnel. FHLB Des Moines policy states all securities from each financial institution’s safekeeping account will be verified with authorized personnel by phone.
Pledging Securities: Public Units
Financial institutions pledging securities to a Public Unit must complete a Securities Custodial Agreement and Exhibits form. A sample agreement document is provided for informational purposes only. Please read the instructions on how to pledge securities to a Public Unit before completing this form. If a financial institution has an existing Securities Custodial Agreement and would like to pledge or withdraw additional securities, the Exhibit A form must be completed. If amendments are needed, please complete the Exhibit B form