Safekeeping and Custody Services

FHLB Des Moines offers safekeeping and custody services for Federal Reserve Book entry (Fed) or depository eligible (DTC) and physical securities.

Our safekeeping services provide same-day cash settlement transactions, timely resolutions of payment problems and custody reporting through Safekeep Direct. For more information, please contact us.

Business Hours

Safekeeping and custody business hours are 8:00 AM to 4:30 PM (CST) Monday through Friday, except on holidays. Sales and purchases of securities should be entered, verified and authorized in Safekeep Direct prior to the Fed cut off at 2:00 PM (CST). DTC items that are being delivered free should be entered, verified and authorized prior 4:00 PM (CST).

Safekeep Direct

Safekeep Direct is our secure, self-service portal for member management of security settlements, custody reporting and FHLB Des Moines securities collateral pledging. It offers our safekeeping users enhanced technology, faster data, real-time access and improved custom reporting. A Safekeep Direct Resources page is available within eAdvantage that houses training guides, how-to videos and other resources. If you have questions about Safekeep Direct, please contact Member Service, memberservices@fhlbdm.com.