Commencement of the annual Federal Home Loan Bank of Des Moines director election is underway. Based on Federal Housing Finance Agency designations for Bank directors, member director elections will take place in the states of Alaska, Missouri, South Dakota, Utah and Hawaii and members in those states will each fill one member director seat in its respective state. Members located in the U.S. Pacific territory of Guam will vote in the state of Hawaii. One independent director seat will also be filled in 2017 through a district-wide election. Click here to learn more.
Letter From the CEO
Recently, our first Letter from the CEO was distributed to all members. The letter, which will be distributed quarterly, features various Bank topics as well as those requested most by members. The first edition includes updates on our financial performance, community investment programs and large member borrowers and what they mean to the Bank. You can read the letter here (Opens in New Window). Feedback and topic suggestions can be sent to CEO@fhlbdm.com.
Expanded Eligibility Updates to our Municipal Bonds
We have recently expanded our municipal bond eligibility guidelines. Please connect with your Relationship Manager for additional information, and opt-in to our Collateral Quarterly newsletter for additional details forthcoming in our May issue. To access our LTV charts and requirements, click here.