The Federal Home Loan Bank of Des Moines reported net income of $113 million for the quarter ended Sept. 30, down from $132 million a year ago, and $360 million for the nine-month period that ended on that date, down from $402 million over the same period last year. The decline in the bank’s profits over three and nine months was driven by lower net interest income, according to a release. In addition, net income during the nine-month period was affected by net gains on litigation settlements of $21 million with certain defendants in the bank’s private-label mortgage-backed securities litigation. A decrease in advances was the main driver behind a drop in assets to $144.1 billion at Sept. 30 from $145.1 billion at Dec. 31. Total capital increased to $7.3 billion from $7 billion over that period.