Financial Annual Report 2007

Delivering Member Value and Stability While advances at FHLB Des Moines increased to record levels during the third and fourth quarters of 2007 in response to member demand, we believe that under our collateral and underwriting requirements the credit risk exposure of the Bank has not increased. Our ability to borrow low cost funds for the benefit of our members depends on policies and procedures to ensure that the Bank’s credit risk is limited. 40 FHLB DES MOINES YEAR-END ADVANCES in billions 30 20 2002 2004 2005 2006 2007 Delivering value to our members is one of our most important strategic imperatives. In 2007, the Bank introduced two new advance products designed to give our members more funding options to meet their business needs. We also enhanced term time deposit rates, extended our wire services hours to accommodate members’ cash management needs, authorized secured business and agri-business 8 101.4 NET INCOME IN 2007

Table of Contents Feed for the Digital Edition of Financial Annual Report 2007

Financial Annual Report 2007 Contents Introduction Letter To Our Members Financial Highlights Member Highlight: Chillicothe, MO Member Highlight: Bloomington, MN Statements of Condition Statements of Income Board of Directors

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