DES MOINES, Iowa, July 17, 2014 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Des Moines today made available the results of its first annual stress test as required by its regulator, the Federal Housing Finance Agency. Results can be found on the Bank's investor relations page:
The stress test estimates the Bank's capital levels under hypothetical severely adverse economic conditions.
These estimates should not be regarded as forecasts of actual financial results. These results are modeled projections and may not reflect the actual impact to the Bank if such a hypothetical scenario were to occur.
Questions regarding the results of the stress test should be directed to Megan Feld by calling 515.281.1159.
The Federal Home Loan Bank of Des Moines is a wholesale cooperative bank that provides low-cost short and long-term funding and community lending to more than 1,200 members, including commercial banks, saving institutions, credit unions and insurance companies. The Bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of twelve regional Banks that make up the Federal Home Loan Bank System.
CONTACT: Megan Feld
Source: Federal Home Loan Bank of Des Moines