FHLB Des Moines Letters of Credit There are several reasons to use Letters of Credit from the Federal Home Loan Bank of Des Moines. More... Holiday Financial Planning As a cooperative, we want to provide the best service to all of our members during the holiday season when the financial markets generally present some challenging investment and funding circumstances. More… Native American Homeownership Initiative Beginning January 2, 2008, $1.0 million will be available in Native American Homeownership Initiative funds. More… Urban First-time Homebuyer Fund Twenty-three member financial institutions were awarded a total of $1.0 million through the FHLB Des Moines Urban First-time Homebuyer Fund. More…

President's Message   Recent media stories have profiled how the FHLBank System has provided liquidity to its members during the housing and credit market upheaval. While mainstream media seems to be just discovering it, the Bank System has been a steady and reliable source of funding for housing finance and community development for 75 years. The creation of the Bank System was pivotal in shoring up the nation’s infrastructure in home lending and homeownership in 1932. Ever since, the FHLBank System has been a major force in supplying its members with the liquidity they need during ordinary and extraordinary times.    I reported in September that FHLB Des Moines was experiencing an increase in demand for advances and that is still the case today. At the end of the third quarter, the Bank’s advance balance stood at $31.8 billion – the largest advance balance in the Bank’s history. This is an increase of 45.3% from $21.9 billion at December 31, 2006. Net income was $28.8 million for the three-months ended September 30, 2007 compared with $22.7 million for the same period in 2006, an increase of 27.2% or $6.1 million. The Bank paid an annualized quarterly dividend of 4.50% for the third quarter which was an increase of 0.25% from the prior quarterly dividend of 4.25%. While we welcome the growth, it is important to remember that one of the essential elements of the Bank System is its ability to expand or contract based on market conditions and member needs.    In 2008, our board of directors will welcome two newly elected directors, one re-elected director and three re-appointed directors who will all begin serving three-year terms in January. More...   Other Bank News: Tellers to Technology Member Education, 75th Anniversary Celebration, Capital Community Recognition all part of Bank's 2007 Fall Conference.  More... 2007 Product and Service Enhancements FHLB Des Moines delivered more value to members in 2007 with the introduction of new products and enhancements to several existing services.  More... Homebuyer Education Grants Awarded In a new initiative this year, the Bank allocated $50,000 to homebuyer education. The sub-prime mortgage crisis illustrates how important homeownership education can be.  More...   2008 Spring Regional Workshops Save the date!  FHLB Des Moines is hosting nine spring workshops in 2008. Watch for more details on these educational opportunities and click here for dates and a location near you.

Construction Loans Accepted as Collateral FHLB Des Moines now accepts certain construction loans as eligible collateral. More... Collateral Verification Review Letters The 2008 Member Collateral Verification letters were mailed in November.   More... Secured Business and Agri-Business Lines of Credit as Collateral Coming Soon FHLB Des Moines to accept revolving business and agri-business loans as eligible collateral.   More…   Have You Looked at FHLB Des Moines Advance Rates Lately? FHLB Des Moines currently offers extremely attractive advance rates as compared to other funding alternatives in the marketplace.   More...