The regulatory capital ratio is calculated as regulatory capital as a percentage of period end assets. Federal Home Loan Bank (FHLB) System: Definition and History - Investopedia As a result, you are cautioned not to place undue reliance on such statements. Assets - Earnings Release Dividend History SEC Filings FHLB Des Moines financial reports and SEC filings can be viewed on the SEC website or with these links. Mortgage loans totaled $8.3 billion, and the Bank purchased $319 million of loans from 127 members during the fourth quarter. Newsmatics Federal Home Loan Bank Of Des Moines - Last10K.com Net income totaled $191 million, an increase of $137 million from the same period last year. These forward-looking statements apply only as of the date they are made, and the Bank undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. As one of 11 Federal Home Loan Banks, FHLB Des Moines is regulated by the Federal Housing Finance Agency. For those with the lowest credit capacity, approval by the primary regulator may also be required. These statements may be identified by the use of forward-looking terminology, such as believes, projects, expects, anticipates, estimates, intends, strategy, plan, could, should, may, and will or their negatives or other variations on these terms. The MPF Program allows you to pair the credit expertise of your institution with the funding and hedging advantages of FHLB Des Moines. Federal Home Loan Bank of Des Moines, Terms of Use | Privacy | Contact Us | Logins, Loan Eligibility Guidelines and Checklists, Community Development Financial Institutions. Total regulatory capital includes capital stock, mandatorily redeemable capital stock, and retained earnings. Future dividends are at the discretion of the Banks Board of Directors and may be impacted by economic and market conditions. Working at FHLBDM fosters a culture of respect, teamwork and integrity. Advances totaled $111.2 billion, an increase of $67.1 billion from December31, 2021, and were outstanding to 726 members, housing associates, and former members. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Fourth Quarter The Bank recorded other loss of $40 million, a decrease of $44 million when compared to the prior year primarily driven by changes in the fair value of the Banks trading securities, fair value option instruments, and economic derivatives due to rising interest rates, as well as changes in credit spreads on the Banks fixed rate trading securities. The member has always been responsible for reporting to the Bank any material adverse event that would render any representations or warranties invalid or untrue. There were 1,108 press releases posted in the last 24 hours and 467,670 in the last 365 days. The increased dividend rate on activity-based stock is a result of changes in interest rates and business activity and reflects the Banks philosophy to pay a consistent dividend equal to or greater than the current market rate for a highly-rated investment, and at a rate that is sustainable under current and projected earnings to maintain an appropriate level of capital and retained earnings. FHLB Des Moines Reports Preliminary First Quarter 2022 The Bank is one of eleven regional banks that make up the Federal Home Loan Bank System. It is important that FHLB Des Moines members submit a completed Community Support Statement to the FHFA before the deadline to avoid being put on restriction. The increase during the nine months ended September 30, 2022 was also due to reduced net premium amortization on mortgage loans driven by a slowdown in prepayment activity. The Federal Home Loan Bank of Des Moines (the Bank) announced today unaudited financial results and declared a dividend for the second quarter of 2022. Federal Home Loan Bank of Des Moines. Mortgage loans totaled $8.5 billion, and the Bank purchased $289 million of loans from 121 members during the first quarter. All rights reserved. Excellent computer skills in Microsoft. Federal Home Loan Bank Of Des Moines - Last10K.com Copyright 2023. The increased dividend rate on activity-based stock is a result of changes in interest rates and business activity and reflects the Banks philosophy to pay a consistent dividend equal to or greater than the current market rate for a highly-rated investment, and at a rate that is sustainable under current and projected earnings to maintain an appropriate level of capital and retained earnings. If you do not agree to the terms and conditions, you should not use this site. Net income totaled $430 million, an increase of $224 million from the prior year. This daily newsletter from our Strategies Team provides subscribers with current rate indications and economic commentaries on a daily basis. Advances (Rates) Letters of Credit Mortgage Partnership Finance Strategies Affordable Housing Member Impact Fixed Rates for Members Short-term Long-term Capital - Total capital increased to $9.1 billion at March31, 2023 from $8.8 billion at December31, 2022, primarily due to an increase in activity-based capital stock resulting from an increase in advance balances. At year-end 2020, total advances in the FHLB System (Not . Fixed Rate Advances. Our employees can get involved in employee-led committees at the Bank and volunteer in their own neighborhoods. The increased dividend rate on activity-based stock is a result of changes in interest rates and business activity. DES MOINES, Iowa, June 01, 2015 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Des Moines ("FHLB Des Moines") announced today that it has successfully completed its merger with. Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1325814/000132581421000022/fhlbdm-20201231.htm. Phone: 800.544.3452 FHLB Des Moines financial reports and SEC filings can be viewed on the SEC website or with these links. The Federal Home Loan Bank of Des Moines We support mortgage lending, economic development and affordable housing in the communities our members serve. 2023 Anticipated Publication Dates (subject to change): 50309 (Address of principal executive offices) (Zip Code) . This review process utilizes report of examination findings, regulatory financial reports, enforcement actions, SEC filings, audited financial statements, rating agencies' analysis, discussions with member management and/or regulators, and any other relevant material information. Members who are experiencing deterioration in their financial condition and, as a result, a reduction in their FHLB Des Moines credit capacity to 25% of total assets or less can request that an exception be considered by the Bank to provide greater borrowing capacity. DES MOINES, Iowa, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Des Moines (the Bank) announced today preliminary unaudited financial results and declared a dividend for the fourth quarter of 2022. We know diversity, equity and inclusion strengthens our ability to serve our members and work with each other. Full Cycle Accounting - G/L, A/P, A/R, Payroll, Inventory, Taxes, and Fixed Assets - GAAP 2. The Bank accrued $15 million during the quarter for use in its Affordable Housing Program. FHLB Des Moines Announces Third Quarter 2022 Financial Results The Bank is wholly owned by nearly 1,300 members, including commercial banks, savings institutions, credit unions, insurance companies, and community development financial institutions, and receives no taxpayer funding. Des Moines, IA 50309 Investments totaled $57.5 billion, an increase of $14.1 billion from December31, 2022. Phone: 800.544.3452 The financial results reported in this earnings release for the first quarter of 2023 are preliminary until the Bank announces unaudited financial results in its First Quarter 2023 Form 10-Q filed with the Securities and Exchange Commission, expected to be available at www.fhlbdm.com and www.sec.gov on or before May15, 2023. Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. These forward-looking statements apply only as of the date they are made, and the Bank undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. mesurer votre utilisation de nos sites et applications. Mortgage loans totaled $8.2 billion, and the Bank purchased $554 million of loans from 139 members during the third quarter. DES MOINES, Iowa, Feb. 10, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Des Moines (the Bank) announced today preliminary unaudited financial results and declared a dividend. Advances increased $38.1 billion due mainly to an increase in borrowings by large depository institution members. The increase for both periods was driven by higher interest rates, which improved interest-earning asset yields and earnings on invested capital, as well as growth in advance balances. Our leadership team is comprised of a Board of Directors, Advisory Council and Executive Team. The creditworthiness of financial institutions that transact business with FHLB Des Moines is determined by the Credit Department. Total regulatory capital includes capital stock, mandatorily redeemable capital stock, and retained earnings. PDF The Federal Home Loan Bank System: Current Issues in Perspective - NYU For your convenience, this page consolidates the various debt information tables provided elsewhere on the FHLBanks Office of Finance web site. 2023 Anticipated Publication Dates (subject to change): View the Audit Committee Charter of the FHLBanks Office of Finance. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Document And Entity Information Document And Entify Information, Activities With Stockholders (Business Concentrations) (Details), Activities With Stockholders (Transactions With Directors' Financial Institutions) (Details), Affordable Housing Program (Ahp Rollforward) (Details), Affordable Housing Program (Narrative) (Details), Capital (Accumulated Other Comprehensive Income) (Details), Capital (Mandatorily Redeemable Capital Stock) (Details), Capital (Regulatory Capital Requirements) (Details), Capital (Restricted Retained Earnings) (Details), Consolidated Obligations (Bonds By Call Features) (Details), Consolidated Obligations (Bonds) (Details), Consolidated Obligations (Discount Notes) (Details), Consolidated Obligations (Narrative) (Details), Derivatives And Hedging Activities (Credit Risk Exposure) (Details), Derivatives And Hedging Activities (Derivatives In Statement Of Condition) (Details), Derivatives And Hedging Activities (Derivatives In Statement Of Income And Impact On Interest) (Details), Derivatives And Hedging Activities (Derivatives In Statement Of Income) (Details), Derivatives And Hedging Activities (Offsetting Of Derivative Assets And Derivative Liabilities) (Details), Derivatives And Hedging Activities (Tables), Derivatives And Hedging Activities Cumulative Basis Adjustments For Fv Hedges (Details), Derivatives And Hedging Activities Net Gains (Losses) On Fair Value Hedging Relationships (Details), Fair Value (Carrying Value And Fair Value Of Financial Instruments) (Details), Fair Value (Fair Value On A Non-Recurring Basis) (Details), Fair Value (Fair Value On A Recurring Basis) (Details), Investments (Afs Contractual Maturity) (Details), Investments (Afs Major Security Types) (Details), Investments (Afs Unrealized Losses) (Details), Investments (Htm Contractual Maturity) (Details), Investments (Htm Unrealized Loss Position) (Details), Investments (Sales Of Securities) (Details), Investments Htm Major Security Types) (Details), Investments,(Trading Major Security Types) (Details), Mortgage Loans Held For Portfolio (Mortgage Loans Held For Portfolio By Collateral Or Guarantee Type) (Details), Mortgage Loans Held For Portfolio (Mortgage Loans Held For Portfolio) (Details), Mortgage Loans Held For Portfolio (Narrative) (Details), Mortgage Loans Held For Portfolio (Other Delinquency Statistics) (Details), Mortgage Loans Held For Portfolio (Payment Status) (Details), Mortgage Loans Held For Portfolio (Tables), Pension And Postretirement Benefit Plans (Qualified Defined Benefit Multiemployer Plan) (Details), Pension And Postretirement Benefit Plans (Tables), Recently Adopted And Issued Accounting Guidance, Summary Of Significant Accounting Policies, Summary Of Significant Accounting Policies (Policies), Summary Of Significant Accounting Policies (Premises And Equipment) (Details), Summary Of Significant Accounting Policies Financial Instrument Meeting Netting Requirements (Details) (Details), Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/1325814/0001325814-21-000022.htm. We use cookies for analytics, personalized content and ads. 909 Locust Street Read the latest Bank news and press releases, including information on our community efforts, earnings, Securities and Exchange Commission filings and more. Athene. Kyle French - Associate Director, Corporate Accounting Net interest income totaled $282 million, an increase of $183 million from the same period last year. Strengthening communities is at the core of our business. As a cooperative, privately owned by more than 1,300 member financial institutions, FHLB Des Moines operates independently with its own Board of Directors and is registered with the Securities and Exchange Commission. Net income totaled $131 million, an increase of $84 million from the same period last year. To stay eligible for all services, including long-term advances, members must meet two standards: 1. FHLB Des Moines Completes Merger With FHLB Seattle 2020. From guest interviews, to tips and relevant product information from the experts, tune in to make sure that your institution is positioned for success. This interactive map allows you to see what kind of impact the Federal Home Loan Bank of Des Moines has on each state throughout the district. Statements contained in this announcement, including statements describing the objectives, projections, estimates, or future predictions in the Banks operations, may be forward-looking statements. HEADQUARTERS Fax: 515.699.1293 A detailed discussion of the more important risks and uncertainties that could cause actual results and events to differ from such forward-looking statements can be found in the Risk Factors section of the Banks Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. Fax: 515.699.1293 Fax: 515.699.1293 Members Subject to Community Support Review. Fitch Ratings Expects Weaker FHLB Advance Demand to Continue Complete Combined Financial Reports can be accessed through the links below. Each quarter, the Office of Finance publishes the Combined Operating Highlights and the Combined Financial Reports of the Federal Home Loan Banks. Renee Marrs - Rental Housing Manager - Federal Home Loan Bank of Des The financial results reported in this earnings release for the third quarter of 2022 are preliminary until the Bank announces unaudited financial results in its Third Quarter 2022 Form 10-Q filed with the Securities and Exchange Commission, expected to be available at www.fhlbdm.comand www.sec.govon or before November14, 2022. Dcouvrez comment nous utilisons vos donnes personnelles dans notre Politique de confidentialit et notre Politique relative aux cookies. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. The Bank recorded net interest income of $683 million in 2022, an increase of $302 million when compared to the prior year, primarily driven by higher interest rates, which improved earnings on invested capital, and growth in advance balances. To be a reliable provider of funding, liquidity and services for the Bank's members so they can meet the housing, business andeconomic development needs of the communities they serve. Fitch Ratings-New York-05 March 2021: Fitch Ratings expects Federal Home Loan Bank (FHLB) advance demand to remain dampened in 2021 due to financial market volatility stabilization and the expectation that commercial bank deposit balances will remain elevated in the near to medium term. 2022 Statements contained in this announcement, including statements describing the objectives, projections, estimates, or future predictions in the Banks operations, may be forward-looking statements. 0001325814-15-000102.txt : 20150601 0001325814-15-000102.hdr.sgml : 20150601 20150601110650 ACCESSION NUMBER: 0001325814-15-000102 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT C For depository institutions, the "CAMELS vs Credit Capacity" tableshows the correlation between members'CAMELS ratings and the variousFHLB Des Moines credit capacities. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. HEADQUARTERS 1. Inc. dba EIN Presswire The Bank serves Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming, and the U.S. Pacific territories of American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. Learn more Federal Home Loan Bank of Des Moines, Terms of Use | Privacy | Contact Us | Logins. FHLBank Financial Data. 1. Learn more about what makes FHLB Des Moines a great place to work. At FHLB Des Moines, employees are welcomed by a team who genuinely cares about them. You're all set to receive the Morning Update newsletter. Cash and due from banks $ 295 $ 978 . Federal Home Loan Bank of Des Moines _____ (Exact name of registrant as specified in its charter) Federally Chartered . The creditworthiness of financial institutions that transact business with FHLB Des Moines is determined by the Credit Department. In order to mitigate risk, we need to be made aware, in a timely manner, of events that could influence financial decisions. At FHLB Des Moines, were proud to be a part of a System that has become one of the nation's most important providers of fundsfor mortgages, economic development projects and affordable housing. HEADQUARTERS Interest rates are set daily. FHLB Des Moines Announces Second Quarter 2022 Financial Results Community Support Statements Every two years, each FHLB Des Moines member must complete a Community Support Statement (CSS) for the Federal Housing Finance Agency (FHFA). The Federal Home Loan Bank of Des Moines is a member-owned cooperative that provides funding solutions and liquidity to more than1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. From guest interviews, to tips and relevant product information from the experts, tune in to make sure that your institution is positioned for success. This would include institutions not subject to the requirements of the CRA. FHLB Des Moines Announces Third Quarter 2022 Financial - GlobeNewswire Dividend payments totaling $109 million, based on average stock outstanding during the first quarter of 2023, are expected to be paid on May 11, 2023. Federal Home Loan Bank System - FHLB: An organization created by the Federal Home Loan Bank Act of 1932 to increase the amount of funds available for lending institutions who provide mortgages and . EIN Presswire's priority is source transparency. Investments increased $14.1 billion driven primarily by increased money market investments of $11.5 billion and the purchase of agency mortgage-backed securities. This daily newsletter from our Strategies Team provides subscribers with current rate indications and economic commentaries on a daily basis. The Bank is one of eleven regional banks that make up the Federal Home Loan Bank System. Location details, Copyright today=new Date();year0=today.getFullYear();document.write(year0);. This rate reflects the Banks philosophy to pay a consistent dividend equal to or greater than the current market rate for a highly-rated investment, and at a rate that the Board believes is sustainable under current and projected earnings to maintain an appropriate level of capital and retained earnings. The Federal Home Loan Bank of Des Moines is a federally chartered corporation organized on October 31, 1932, that is exempt from all federal, state, and local taxation (except real property taxes) and is one of 11 district FHLBanks. 2023 Mortgage Conference Why Choose MPF? Advances totaled $82.2 billion, an increase of $38.1 billion from December31, 2021, and were outstanding to 623 members, housing associates, and former members. DES MOINES, Iowa, Oct. 27, 2022 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Des Moines (the Bank) announced today unaudited financial results and declared a dividend for the third quarter of 2022. Each quarter, the Office of Finance publishes the Combined Operating Highlights and the Combined Financial Reports of the Federal Home Loan Banks. Federal Home Loan Bank of Des Moines HEADQUARTERS Fax: 515.699.1293 Federal Home Loan Bank of Des Moines (based in Minneapolis) Benefits - The Federal Home Loan Bank | Des Moines - fhlbdm.com Vous pouvez modifier vos choix tout moment en cliquant sur les liens Paramtres de confidentialit et des cookies ou Tableau de bord sur la confidentialit prsents sur nos sites et dans nos applications. This daily newsletter from our Strategies Team provides subscribers with current rate indications and economic commentaries on a daily basis. 909 Locust Street Phone: 800.544.3452