eAdvantage is Quick and Convenient! FHLB Des Moines secure, online banking system is available for members to conveniently book advances for up to $14.9 million for less than five years. More... Convertible Advance Products   FHLB Des Moines encourages you to consider using our convertible advance as a potential product to meet your funding needs. More... The Competitive Value of FHLB Des Moines Advances in Today's Financial Market At a time when stock market giants are struggling to keep afloat, net income for financial institutions is at a 16-year low and net interest margins continue to narrow, easy access to liquidity is particularly critical. More... Standby Bond Purchase Agreements Provide Liquidity Support for HFAs Our new Standby Bond Purchase Agreement (SBPA) program, introduced in December 2007, provides district housing finance agencies with contingent liquidity support for bond issuances. More...

Dick Swanson President & CEO FHLB Des Moines President's Message By now all of you should have received the Bank's annual reports. I urge you to take the time to read the two reports.  Since FHLB Des Moines is a cooperative, you have a stake in what FHLB Des Moines does and these reports provide information about the Bank's performance in 2007.  We publish two reports each year - one that focuses on the Bank's financial overview and how members are benefiting from the Bank and one that concentrates on the Bank's Affordable Housing Advisory Council and our community investment programs. For a detailed financial report you can access the Bank's 10-K at http://www.fhlbdm.com/ or http://www.sec.gov/. The subprime fallout and the resulting Fed cuts and capital markets disruptions have created challenges for both sides of the balance sheet and highlighted the need for member institutions to revisit their liquidity plans. We look forward to helping you, whether it's discussing ways to increase your available collateral or recommending more cost-effective borrowing structures. During this time of market uncertainty, we want to work together, as your partner, making sure you have the funding you need for your communities. The Bank's advance levels continue to grow. We attribute this in part to our very competitive advance rates as compared with brokered deposits. When you compare our advance rates and those of brokered deposits you may not get accurate results unless you are taking into consideration that funding quotes can differ based on interest accruals and interest payment frequencies. More... FHLB Des Moines Files 10-K with the Securities and Exchange Commission FHLB Des Moines recently filed its 10-K with the SEC for 2007. To review the Bank's 10-K click here or go to http://www.sec.gov/. Spring Regional Workshops Go Green - FHLB Des Moines is green. Discover the connection at our 2008 Spring Regional Workshops. Green is your resource for liquidity, education and value. More... Wire Department Offers Foreign Currency Option Effective Friday, April 11, 2008, FHLB Des Moines will offer the option of processing wires in foreign currency. Not only will members receive a better exchange rate but also this new service provides quicker delivery time and eliminates foreign bank fees charged for conversion. The Bank’s current outgoing wire fee will be applicable to these transactions. For a list of eligible countries and exchange rates, contact the Wire Department at 800.544.3452, ext. 5414.