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Convertible Advances

Indications as of 07/20/2017 at 08:50 AM

Term Initial FHLB Option Period1 Strike Rate2 Option Frequency3 Advance Rate
Regular CIA
5 Years 2 Years None Quarterly
  1.65%
  1.47%
10 Years 1 Year None Quarterly
  1.84%
  1.65%
10 Years 3 Years None Quarterly
  2.01%
  1.82%
10 Years 5 Years None Quarterly
  2.17%
  1.98%

Notes

  • 1. Period after which the advance can be terminated by FHLB Des Moines.
  • 2. Rate at which 3 month LIBOR must reach before advance can be terminated by FHLB Des Moines.
  • 3. Frequency of FHLB Des Moines option to terminate the advance.

Comments

For additional product details, please review our product sheet.

Indications are for advances < $15 million. For advances ≥ $15 million or Convertible Advances not listed above, please contact the Money Desk at 800.544.3452, ext. 1013.

Advances must be a minimum of $500,000 with $100,000 increments.

Advances will settle after the minimum pool size of $5 million per advance structure is reached.

Other terms and conditions may apply.

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