FHLB Des Moines CutsDividend

March 27, 2006, 1:00 a.m. EST 1 Min Read

DES MOINES, Iowa - (03/27/06) The Federal Home Loan Bank ofDes Moines announced Friday it will pay a 3% cash dividend tomember credit unions and banks for the three-month period endedFeb. 28. The dividend, down from last years 3.3% for thesame period, will be credited to members accounts on March29. The Des Moines FHLB is owned by 1,200 financial institutions,including 53 credit unions, in Iowa, Minnesota, Missouri, SouthDakota, and North Dakota.

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