Federal Home Loan Bank of Des Moines Announces First Quarter 2024 Financial Results, Declares Dividend
The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.
- The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.
- The Bank’s housing and community development programs are central to its mission by providing reliable liquidity and funding to help its members build strong communities.
- Net Income - For the three months ended March 31, 2024, the Bank recorded net income of $274 million compared to $191 million for the same period in 2023.
- The increase was driven primarily by higher short-term interest rates and average balances, which improved earnings on invested capital.