Federal Home Loan Bank of Des Moines Announces 2023 Fourth Quarter and Annual Results, Declares Dividend
In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.
- In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.
- The Board of Directors approved a fourth quarter 2023 dividend to be paid at an annualized rate of 9.00 percent on average activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.55 percent on average membership stock, an increase of 0.55 percent from the prior quarter.
- Dividend payments totaling $136 million are expected to be paid on February 23, 2024.
- Net Income - The Bank recorded net income of $962 million in 2023 compared to $430 million in the prior year.