Capital Stock Requirement
Each year, FHLB Des
Moines calculates the amount of Membership Stock each member is required to own. The Bank’s Capital Plan requires each member to maintain
Membership Stock in a dollar amount equal to 0.12% of the member’s total assets as of the preceding December 31, subject to a cap of $10
million and a floor of $10,000.
Please review your capital stock requirement.
Where do I
find the capital stock requirement?
The membership stock
calculation will be reflected on each member’s Annual Calculation of Minimum Capital Stock Requirement. This Statement will be available April
4, 2008 on our internet banking service, in the Statements section of eAdvantage.
What if my
institution is required to purchase additional Capital Stock?
If additional capital
stock is required to be purchased, the amount will be charged to your principal demand deposit account on April 25, 2008. Please ensure that
sufficient funds are on deposit on that day.
Questions
regarding the membership stock requirement?
If you disagree with
your capital stock calculation, or have any questions concerning the annual calculation of your capital stock requirement based on December 31, 2007
assets, please contact Capital Stock Accounting by April 18, 2008.
