DES MOINES, Iowa, July 23, 2015 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Des Moines today made available the results of its second annual stress test as required by its regulator, the Federal Housing Finance Agency. As a result of the merger transaction with Federal Home Loan Bank of Seattle on May 31, 2015, the Bank also made available the results of the Seattle Bank’s second annual stress test. Results can be found on the Bank’s investor relations page:
The stress tests estimate each of the Banks’ capital levels under hypothetical severely adverse economic conditions. Results are projected over a nine-quarter period beginning with capital balances as of September 30, 2014. The estimates exclude the impact of the merger transaction and should not be regarded as forecasts of actual financial results.
Questions regarding the results of the stress tests should be directed to Angie Richards by calling 515.281.1014.
The Federal Home Loan Bank of Des Moines is a member-owned cooperative that provides funding solutions and liquidity to nearly 1,500 financial institutions to support mortgage lending, economic development and affordable housing in their communities. Serving Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming, the U.S. territories of American Samoa and Guam and the Commonwealth of the Northern Mariana Islands, FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. The Des Moines Bank is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.
Contact: Angie Richards 515.281.1014 firstname.lastname@example.org
Source:Federal Home Loan Bank of Des Moines