secwatch.observer — SEC 8-K summary
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Issuer:     Federal Home Loan Bank of Des Moines (—)
CIK:        0001325814
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001325814-24-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325814/000132581424000077/0001325814-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325814/000132581424000077/fhlbdm-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001325814-24-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer