Urban First-Time Homebuyer Fund $1 Million Urban First-Time Homebuyer Funds Available. Reserve Now. More...   Expanded Collateral Coming Soon FHLB Des Moines to accept one-to-four family construction loans as collateral for advances.  More...   Borrowing Base Certificates Revised Changes in certain eligibility criteria for pledged collateral may provide increased borrowing capacity for members. More... Standby Purchase Agreements FHLB Des Moines can now issue Standby Purchase Agreements for Variable Rate Demand Obligations (VRDOs) issued by Housing Finance Agencies (HFA) within its district.  More...

President's Message We are all aware of the current credit crisis and the breakdown of the sub-prime mortgage market.  Fortunately, the FHLBank System was designed to provide a stable, reliable source of funds for our member financial institutions and to support housing finance even when the mortgage and credit markets are in turmoil.  That fact is clearly demonstrated by our advance balance growth in recent weeks.  During the month of August, the FHLB Des Moines advance balance grew $2 billion from $22.7 billion on July 31, 2007 to $24.7 billion as of August 31, 2007.    FHLB Des Moines, with our AAA rating and member-centric, conservative business model, is well-positioned to continue to sustain members through these turbulent times in the credit market by reliably providing our members funding with more choices and greater convenience.  To that end, we have introduced two new products that give you the flexibility to prepay an advance without incurring a prepayment fee and we have expanded eAdvantage – our secure, online banking service – so you can now transact advances up to $14.9 million for up to five years.  We have extended our wire room hours for overnight advance requests until 4:30 P.M. (CST), reduced our collateral maintenance levels and increased borrowing capacity for other real estate related collateral and community financial institution collateral.  More... Other Bank News: Spring Survey Results This spring, FHLB Des Moines held nine "Maximizing Your Membership" meetings throughout the districts with 570 people from 350 member financial insititutions attending. The meetings were designed to not only talk about what is new at the Bank but to explore ways the Bank can help members get the most from their membership. More...

Register today for our Tellers to Technology conference on October 11 - 12, 2007: Daniel Pink Futurist and Author Stuart Varney Financial and Economic Journalist Ed Krei Financial Management Strategist Peter Ricchiutti Economist More... eAdvantage Expanded Larger and longer term transactions now accepted. Advance terms increase from one to five years and advance amounts grow from $4.9 million to $14.9 million. More... Introducing Two New Advances You have the option with the Member Option Fixed Rate Advance and the Member Option Variable Rate Advance. More...