Bank Directors Seminar, Coeur d'Alene, ID, September 15-17, 2019

FHLB DES MOINES OVERVIEW

 Overlap across three CSBS districts  Largest FHLB district in System  Nearly 40% of the landmass of United States  Seven distinct time zones

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FHLB DES MOINES OVERVIEW

Operating Results ($ Millions)

For the Quarter Ended June 30, 2019

For the Quarter Ended June 30, 2018

For the Year Ended December 31, 2018

For the Year Ended December 31, 2017

Net interest income

$147

$167 $129 .44%

$635 $460 .43%

$650 $518 .39%

Net Income

$96

Net Interest Margin

.40%

Return on Average Equity Return on Average Capital Stock Return on Average Assets Regulatory Capital Ratio

5.13%

6.83%

6.21%

7.01%

7.23%

9.46%

8.67%

9.20%

.26%

.34%

.31%

.31%

5.10%

5.15%

5.27%

5.03%

 73.3% of Bank assets in the form of advances and mortgages  Bank is well capitalized: 5.10% Regulatory Capital Ratio as of June 30, 2019  Balance sheet scalable as demand changes

Statement of Condition ($ Millions)

June 30, 2019

June 30, 2018

Outstanding Advances

$101,288

$109,963

Investments

$39,140

$33,019

Mortgage Loans

$8,324

$7,310

Total Assets

$149,474

$150,981

Retained Earnings

$2,120 $7,627

$1,977 $7,770

Total Regulatory Capital

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Data as of June 30, 2019 unless noted differently. Data subject to rounding.