FHLB Des Moines Member Director Election Results   FHLB Des Moines is pleased to announce the results of the 2008 Board of Directors election for member directors.  One member director has been re-elected from Iowa, and one member director has been re-elected from Minnesota.  Director Michael K. Guttau, current chairman of the FHLB Des Moines Board, will serve a four-year term, and Director Dennis A. Lind will serve a three-year term, both of which will begin on January 1, 2009.     In addition, FHLB Des Moines had previously announced that Van D. Fishback was declared elected by the Bank to fill the open member directorship seat in South Dakota, and will serve a four-year term commencing January 1, 2009. The seat in South Dakota was filled without an election because only Mr. Fishback accepted nomination for the one South Dakota directorship. There were no open seats in Missouri or North Dakota; therefore, the Bank did not hold elections in these states. The results for the other states electing directors are as follows:   Iowa - 1 seat available   Number of institutions eligible to vote:    379 Number of institutions who voted:          103 Total eligible votes per candidate:           2,453,463 Total votes cast:                                     675,237   Total Votes      545,883        Michael K. Guttau, Chairman and CEO                                              Treynor State Bank                                                               15 E. Main Street          Treynor, IA  51575          Elected – 4 year term           01/01/09 – 12/31/12                                                               Total Votes      Arthur J. Bacci, President and CEO 82,566             Principal Bank             711 High Street                                                Des Moines, IA  50392            Total Votes      Jeffrey W. Politte, Treasurer and Chief Investment Officer 46,788             Pharmacists Mutual Insurance Company             808 Hwy 18 West             Algona, IA  50511     Minnesota - 1 seat available           Number of institutions eligible to vote:   393 Number of institutions who voted:         86 Total eligible votes per candidate:         2,074,645 Total votes cast:                                   492,275     Total Votes      Dennis A. Lind, Chairman                                       136,822           Midwest Bank, Detroit Lakes                                                         613 Hwy 10 East                                                                                 Detroit Lakes, MN  56501             Elected – 3 year term               01/01/09 – 12/31/11        Total Votes      Kevin E. Pietrini, Chairman 109,019           Queen City Federal Savings Bank                                                                     501 Chestnut Street             Virginia, MN  55792               Total Votes      Mark W. Reiling, Director 86,876             Franklin National Bank of Minneapolis                         525 N. Washington Ave.             Minneapolis, MN  55401     Total Votes      Jerome J. Bushman, Chairman 86,165             First Southeast Bank                         3 Main Ave. N.             Harmony, MN  55939     Total Votes      James R. Causey, Executive Vice President 69,250             Home Savings of America                         35 E. Broadway             Little Falls, MN  56345     Total Votes      Robert T. Lund, President and CEO 4,143               SFM Mutual Insurance Company                         3500 American Blvd. W. #700             Bloomington, MN  55431     South Dakota – 1 seat available  (No Election)   Van D. Fishback, Executive Vice President                                      First Bank & Trust                                                                           520 6th Street                                                                           Brookings, SD  57006   Elected – 4 year term    01/01/09 – 12/31/12