FHLB Des Moines Q1 net income rises to $274M; dividend rates increased on both stock classes

Federal Home Loan Bank of Des Moines

Net income of $274M, up from $191M in Q1 2023; net interest income rose $67M to $349M.
Activity-based dividend rate increased to 9.25% (from 9.00%) and membership to 6.00% (from 3.55%); $147M total payout on May 13.
Advances fell $11.6B to $111B; total assets decreased to $176.3B from $184.4B at year-end 2023.
Return on average equity (annualized) was 11.36% versus 8.51% in the prior-year quarter.
Accrued $30M for Affordable Housing Program assessments and disbursed $20M through Member Impact Fund.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Federal Home Loan Bank of Des Moines reported the first quarter ended March 31, 2024 results: net income $274 million.

Period: the first quarter ended March 31, 2024
Net income: $274 million
Result: reported results

Exact text from the filing

On April 25, 2024 , the Federal Home Loan Bank of Des Moines (the “Bank”) issued a news release to report its financial results for the first quarter ended March 31, 2024

View on SEC.gov

492 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001325814-24-000077

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.