Third Party Drawdown Requests The Bank will honor third party wire transfer drawdown requests from your correspondent bank.  More... Letters of Credit Help You Keep and Attract Deposits In light of the recent decision by Kansas Bankers Surety Co. to discontinue offering bank deposit guaranty bonds for public unit deposits, FHLB Des Moines would like to remind you of our Letters of Credit (LOC) program. More... Rural Homeownership Fund A total of $1.0 million was awarded to 42 member financial institutions through the Bank's Rural Homeownership Fund. More...

To Our Members from Executive Vice President Mike Wilson   The last year has been challenging for the nation's depository institutions, including here in the Midwest.  The FDIC recently reported that bank profitability is down and that troubled loans and charge-offs are rising.  There are more banks on the FDIC's "watch list" than at anytime since 2003. In the FHLB Des Moines' five-state district, three members have failed and were sold by the FDIC this year.  Those are the first membership failures that we have seen in almost ten years.  We worked closely with those members' primary regulators and the FDIC to ensure smooth resolutions.   Through all this turmoil, the Bank has performed well. Our balance sheet continues to grow, and we remain profitable and well capitalized. Our AAA/stable outlook rating from S&P and Moody’s remains intact. More... Other Bank News MPF Users Conference Join FHLB Des Moines at the Mortgage Partnership Finance (MPF) Users Conference, October 22 - 23, 2008 at the Embassy Suites Des Moines - On the River. Please reserve your room before Tuesday, September 30th to receive the discounted rate of $139.00 plus tax. More...

Time Deposits Fund management in the current economic climate is very challenging. It is critically important that all members thoroughly evaluate all of their credit counterparties to ensure that they meet or exceed members’ policy standards. More... Expanded Field Reviews Based on regulatory guidelines, the Bank will expand its field review process in 2009 to include an assessment of member collateral underwriting and compliance with interagency guidance on subprime and nontraditional loans. More... Collateral Maintenance Levels Collateral Maintenance Levels (CMLs) are being reviewed and updated. More... Financial Highlights On August 11, 2008, the Bank released unaudited financial results for the second quarter ended June 30, 2008 and announced a quarterly dividend at an annualized rate of 4.00%. More…