---
schema_version: "secwatch.filing_event.v1"
accession: "0001325814-24-000077"
form_type: "8-K"
ticker: null
cik: "0001325814"
company_name: "Federal Home Loan Bank of Des Moines"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:37:50.800884+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001325814-24-000077
- form_type: 8-K
- cik: 0001325814
- company_name: Federal Home Loan Bank of Des Moines
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325814/000132581424000077/0001325814-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325814/000132581424000077/fhlbdm-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001325814-24-000077
- JSON: https://secwatch.observer/filing/0001325814-24-000077.json
- Plain text: https://secwatch.observer/filing/0001325814-24-000077.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325814/000132581424000077/0001325814-24-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.