The Federal Home Loan Bank of Des Moines said its second-quarter earnings rose 4.2% from the first quarter, to $22.2 million.
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The bank lost $117 million in the second quarter of last year.
Advances grew to 2.9% in the first half, to $22.3 billion as of June 30, the bank said last week. Assets fell 5.2%, to $43.3 billion. (The Home Loan bank provides these figures every six months.)
Also last week, the Home Loan Bank of Topeka said second-quarter profits fell 10% from the first quarter but rose nearly 30% from a year earlier, to $32.9 million. Advances grew 3.3% during the first half, to $28 billion, while assets grew 1.7%, to $47.7 billion.
