Product Brochures - Federal Home Loan Bank of Des Moines

Member Option Variable-Rate AdvancesPRODUCTOverviewLong term, floating rate funding and prepayment flexibility are key features of the MemberOption Variable-Rate Advance.Advance TypeMember OptionVariable-RateFunds AvailabilitySame dayTerm LimitationsOne year to 10 years,member option to repayon rate reset datewith a one businessday prior noticeMinimumRequirementMinimum $500,000FEATURES• The advance rate will adjust every one- or every three- months on the rate-reset date• This advance can be prepaid on scheduled dates without a fee with one business daynotice to FHLB Des Moines• $500,000 minimum advance with additional increments of $100,000• No need for aggregate pooling• Allows members to take advantage of falling interest rates• Provides flexibility in managing liquidity• Fund assets with scheduled prepayment optionExampleThe Member Option Variable-Rate Advance allows members who are uncertain of their liquidityneeds the ability to prepay the advance without a fee on designated rate reset dates. Members canuse this type of advance for seasonal funding needs, construction loans, Home Equity Lines ofCredit and more.Certain restrictions apply. Please reference the Bank’s Member Products Policy and Collateral Procedures.Interest BillingAt reset dateAvailable for CIANoRates Variable/FixedVariableQUESTIONSPlease call the MoneyDesk at 800.544.3452,ext. 1013 or emailmoneydesk@fhlbdm.com6/1/12