News

Finance News Public Announcements First Quarter 2024 Dividend & Earnings Release The Board of Directors approved a first quarter 2024 dividend to be paid at an annualized rate of 9.25 percent on average activity-based stock, an increase of 0.25 percent from the prior quarter, and 6.00 percent on average membership stock, an increase of 2.45 percent from the prior quarter. Community News Public Announcements FHLB Des Moines Publishes Affordable Housing Annual Report Annually, the Chair of the Advisory Council presents a report summarizing their analysis of the Federal Home Loan Bank of Des Moines' affordable housing and community investment activities as well presents the Advisory Council's policy and strategic discussions that shaped the year. Business News Member Announcements 2024 Affordable Housing Program Information Now Available 2024 Affordable Housing Program Information Now Available Community News Public Announcements Nearly $20 Million Awarded Through Member Impact Fund to Support Community Development Federal Home Loan Bank Des Moines joined efforts with 94 members to provide nearly $20 million to hundreds of non-profit or government agencies. Finance News Member Announcements 2023 Combined Financial Report Office of Finance Publishes the 2023 Combined Financial Report of the Federal Home Loan Banks. Business News Member Announcements 2024 Stock Recalculation Notice Adjustments for 2024 will take place on Wednesday, March 27, 2024. Community News Public Announcements $1 Million to Benefit Red Lake Reservation Housing Authority Through Affordable Housing Program FHLB Des Moines supports affordable housing in Native American communities with a grant through partnership with First National Bank Bemidji that will support construction of new single-family units. Finance News Public Announcements 2023 Form 10-K Filed On March 7, 2024, FHLB Des Moines filed its 2023 Form 10-K with the Securities and Exchange Commission (SEC). The Bank's 10-K includes financial results for the year-ended December 31, 2023. Finance News Public Announcements Fourth Quarter 2023 Dividend & Earnings Release On February 16, 2024, FHLB Des Moines released preliminary unaudited financial highlights for the fourth quarter and year ended December 31, 2023. Business News Member Announcements Updated Collateral Loan-to-Values Effective April 29, 2024 On Monday, April 29, 2024, FHLB Des Moines will implement revised LTVs for most loan collateral categories. Business News Member Announcements 2024 Voluntary Contribution The FHLB Des Moines Board of Directors has made a $25 million voluntary contribution to be utilized for its Member Impact Fund. Community News Public Announcements FHLB Des Moines Awards $46 Million in Affordable Housing Grants to Benefit 60 Projects The Federal Home Loan Bank of Des Moines is pleased to announce the recipients of its 2023 Competitive Affordable Housing Program awards. Through a collaborative effort between 43 FHLB Des Moines member financial institutions and local housing organizations, more than $46 million will be awarded.