FHLB Des Moines Awards $100.3 Million for 55 Affordable Housing InitiativesDES MOINES, Iowa, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Des Moines (FHLB Des Moines) is pleased to announce that more than $100 million will be awarded to 55 affordable housing initiatives in its district. The grant awards are available through the FHLB Des Moines competitive Affordable Housing Program (AHP). Through a collaborative effort between 41 FHLB Des Moines member financial institutions and 52 local housing organizations, over 2,000 families and individuals will have safe and affordable housing.
Federal Home Loan Bank of Des Moines awards nearly $20 million to support communities through the Member Impact Fund
The Federal Home Loan Bank of Des Moines (FHLB Des Moines) joined efforts with 94 financial institution members to provide nearly $20 million to hundreds of non-profit and government organizations. The Member Impact Fund is one way FHLB Des Moines supports a strong community banking system, which is foundational to a thriving community. This matching grant program is designed to offer eligible organizations critical financial support for affordable housing and community development initiatives in targeted areas of FHLB Des Moines’ district.
Lance Henning Appointed to FHLB Des Moines Advisory Council
Federal Home Loan Bank of Des Moines (FHLB Des Moines) recently appointed Lance Henning, Chief Executive Officer of Greater Des Moines Habitat for Humanity, to its Affordable Housing Advisory Council (Advisory Council) representing Iowa. Henning begins his three-year term on January 1, 2024.
Financial Institutions Partner to Grant Nearly $8.4 Million to Utah Nonprofits Supporting Affordable Housing, Community Development
Nearly $8.4 million has been awarded to numerous nonprofit and government agencies across Utah to support affordable housing and community development needs. Individuals and communities will benefit from these grants via job training, down payment assistance, financial literacy, food banks, youth programs and so much more.
FHLB Des Moines Announces First Quarter 2023 Financial ResultsDES MOINES, Iowa, April 27, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Des Moines (the Bank) announced today unaudited financial results and declared a dividend for the first quarter of 2023. The Board of Directors approved a first quarter 2023 dividend at an annualized rate of 7.95 percent on activity-based stock, an increase of 0.20 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. 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.
FHLB Des Moines Announces 2022 Financial ResultsDES 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. The Board of Directors approved a fourth quarter 2022 dividend at an annualized rate of 7.75 percent on activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $96 million are expected to be paid on February 17, 2023.
FHLB Des Moines Announces Third Quarter 2022 Financial ResultsDES 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. The Board of Directors approved a third quarter 2022 dividend at an annualized rate of 7.25 percent on activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $66 million are expected to be paid on November 14, 2022.
FHLB Des Moines Announces Second Quarter 2022 Financial ResultsDES MOINES, Iowa, July 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 second quarter of 2022. The Board of Directors approved a second quarter 2022 dividend at an annualized rate of 6.75 percent on activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter. Dividend payments totaling $51 million are expected to be paid on August 10, 2022.
