News

Finance News Member Announcements Q1 2024 Combined Financial Report Office of Finance publishes the First Quarter 2024 Combined Financial Report of the Federal Home Loan Banks. Finance News Public Announcements First Quarter 2024 Form 10-Q Filed Earlier today, May 8, the Bank filed its First Quarter 2024 Form 10-Q with the Securities and Exchange Commission (SEC) Community News Public Announcements FHLBanks Anticipate $1 Billion in Support for Affordable Housing and Community Development Initiatives in 2024 The Council of Federal Home Loan Banks announced that the FHLBank System expects to provide approximately $1 billion in support for affordable housing and community development initiatives in 2024. Business News Public Announcements $25 Million in Grant Funds Allocated to New Mortgage Rate Relief Product to Provide Affordable Homeownership The Federal Home Loan Bank of Des Moines (FHLB Des Moines) launched a new product, Mortgage Rate Relief, which will provide $25 million in grant funds to those seeking affordable homeownership. Finance News Public Announcements First Quarter 2024 Dividend & Earnings Release The Board of Directors approved a first quarter 2024 dividend to be paid at an annualized rate of 9.25 percent on average activity-based stock, an increase of 0.25 percent from the prior quarter, and 6.00 percent on average membership stock, an increase of 2.45 percent from the prior quarter. Community News Public Announcements FHLB Des Moines Publishes Affordable Housing Annual Report Annually, the Chair of the Advisory Council presents a report summarizing their analysis of the Federal Home Loan Bank of Des Moines' affordable housing and community investment activities as well presents the Advisory Council's policy and strategic discussions that shaped the year. Business News Member Announcements 2024 Affordable Housing Program Information Now Available 2024 Affordable Housing Program Information Now Available Community News Public Announcements Nearly $20 Million Awarded Through Member Impact Fund to Support Community Development Federal Home Loan Bank Des Moines joined efforts with 94 members to provide nearly $20 million to hundreds of non-profit or government agencies. Finance News Member Announcements 2023 Combined Financial Report Office of Finance Publishes the 2023 Combined Financial Report of the Federal Home Loan Banks. Business News Member Announcements 2024 Stock Recalculation Notice Adjustments for 2024 will take place on Wednesday, March 27, 2024. Community News Public Announcements $1 Million to Benefit Red Lake Reservation Housing Authority Through Affordable Housing Program FHLB Des Moines supports affordable housing in Native American communities with a grant through partnership with First National Bank Bemidji that will support construction of new single-family units. Finance News Public Announcements 2023 Form 10-K Filed On March 7, 2024, FHLB Des Moines filed its 2023 Form 10-K with the Securities and Exchange Commission (SEC). The Bank's 10-K includes financial results for the year-ended December 31, 2023.