FHLB Des Moines SlashesDividend

Register now

DES MOINES, Iowa - (10/03/05) -- The Federal Home Loan Bank of DesMoines said last week it halved its third-quarter dividend to just1.40% for the period ended August 31, as the regional FHLB works tobuild its retained earnings. The third quarter payout compared to a3.8% dividend for the second quarter. The dividend will be creditedto members accounts. The Des Moines FHLB is owned by 1,200financial institutions, including 53 credit unions, in theregion.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER