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Letter of Credit Application

Requests for a Letter of Credit for Public Unit Deposit purposes (e.g., state and county treasurers, school districts, cities and townships) or for Non-Public Unit Deposit purposes (e.g., to facilitate residential housing finance, community lending or for asset/liability management) require the submission of an LOC Application.

To complete and submit an LOC application, simply follow the steps below: 

  1. Open the application under Related Documents.

  2. Complete all of the required application fields.

  3. Save the application as a Word document using a file name of the beneficiary. This will save you time the next time you assist the same beneficiary.

  4. Email the application to the Money Desk for processing. Applications must be received by 3:00 p.m. (CT) for same day processing. While members can fax the application to the Money Desk at 515.699.1250, emailed applications are the preferred submission method.

Please contact the Money Desk if you have any questions about LOC applications, need additional assistance or would like additional details about our Letter of Credit.

Money Desk
Toll Free: 800.544.3452, ext. 1013
Local: 515.281.1013
Fax: 515.699.1250
Email: moneydesk@fhlbdm.com

 

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