FHLB Des Moines Highlights
Member CD Purchase Program
Beginning February 2, 2009, FHLB Des
Moines will purchase Certificates of
Deposit from its federally insured
members. This new program provides
the opportunity for eligible members
to increase their liquidity without
pledging additional collateral or
impacting their advance capacity at
the Bank. Click
here for more information about
the Member CD Purchase Program.
Contact Member Financial Services at
800.544.3452, ext. 5415 for more
information.
Weekly Market Update
Treasuries sold-off heavily last
week on concerns that US debt sales
will increase as the government
boosts spending to ease the
deepening recession. The main focus
of the sell-off was in longer dated
Treasuries, whereas the front end
remains relatively well anchored.
Click
here for additional market
commentary.
FHLB Des
Moines And North Dakota Department
Of Financial Institutions Sign
Information - Sharing
Agreement
FHLB Des Moines and the North Dakota
Department of Financial Institutions
announced today the signing of an
information-sharing agreement aimed
at enhancing the communication
between the two organizations. Under
the first agreement of its kind, the
organizations will exchange
information in a number of important
areas, including extensions of
credit, collateral valuation,
examination reports and other
relevant supervisory information.
The agreement is broad in the type
of information to be provided and is
endorsed by the Conference of State
Bank Supervisors and the Council of
Federal Home Loan Banks. For more
information, click
here.
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Pictured
l to r: Richard S. Swanson,
President & CEO, FHLB Des
Moines, Vaughn Noring, Bank
Bureau Chief, Iowa Division
of Banking, Tim Karsky,
Commissioner, North Dakota
Department of Financial
Institutions and Stan Hilst,
Credit Risk Manager, FHLB
Des Moines. |
FHLB Des Moines Funds
905
New Housing Units
FHLB Des
Moines recently awarded more than
$10.4 million in affordable housing
grants through its Affordable
Housing Program. Located throughout
Iowa, Minnesota, Missouri, North
Dakota and South Dakota, the 29
recipients will use the funds for
the creation of rental units, the
rehabilitation of homes and the
expansion of services for
underserved populations. The
projects slated for completion with
these grants will create 905
affordable housing units. Click
here for more information and a
complete listing of the recipients
for 2008.
Notes:
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If you have questions or comments
about this site, please email them
to the Home Loan Bank's
webmaster or
call the Communications Department
at 800.544.3452.
Copyright © 1998 - 2008 Federal Home
Loan Bank of Des Moines. All rights
reserved. This material is provided
as general information. The terms
and conditions related to the FHLB
Des Moines' products and services
are governed by various agreements
between the FHLB Des Moines and its
customers as well as certain FHLB
Des Moines policies and applicable
regulations. In the event of any
inconsistencies between this website
material and the agreements,
policies and regulations, the terms
of such agreements, policies and
regulations shall be determinative.
Only member institutions and certain
eligible financial institutions may
transact business with the Home Loan
Bank.
