EP Award Promo

Federal Home Loan Bank net income declines

/wp-content/uploads/2022/11/BR_web_311x311.jpeg
Federal Home Loan Bank net income declines
The Federal Home Loan Bank of Des Moines today reported net income of $77.8 million for 2011, compared with $133 million in 2010. The bank’s 2011 net income was primarily affected by a decline in advance interest income, improved funding costs and losses on derivatives and hedging activities, bank officials said in a release. Throughout 2011, demand for advances remained weak, primarily due to high deposit levels at member institutions, which serve as a liquidity alternative to advances, and low demand for loans at member institutions. During 2011, as a result of market volatility, the bank recorded net losses of $110.8 million on its derivatives and hedging activities, compared with net losses of $52.6 million in 2010.
The Federal Home Loan Bank of Des Moines today reported net income of $77.8 million for 2011, compared with $133 million in 2010. The bank’s 2011 net income was primarily affected by a decline in advance interest income, improved funding costs and losses on derivatives and hedging activities, bank officials said in a release. Throughout 2011, demand for advances remained weak, primarily due to high deposit levels at member institutions, which serve as a liquidity alternative to advances, and low demand for loans at member institutions. During 2011, as a result of market volatility, the bank recorded net losses of $110.8 million on its derivatives and hedging activities, compared with net losses of $52.6 million in 2010.

prairiemeadows brd 020123 300x250