AABP Award 728x90

Federal Home Loan Bank assets drop


The Federal Home Loan Bank of Des Moines announced today that it recorded net income of $39.7 million and $83.2 million during the three and nine months ended Sept. 30, compared with net incomes of $35.5 million and $105.5 million during the same periods in 2009.

The bank attributes the changes to increased net interest income, losses on the extinguishment of debt and derivatives and hedging activities.

The bank’s total assets decreased to $60.1 billion on Sept. 30 from $64.7 billion on Dec. 31, 2009.

dentons brweb 090123 300x250