Des Moines, Seattle FHLBs Complete Merger

The Federal Home Loan Banks of Seattle and Des Moines, Iowa, today announced that their merger is complete. The combined entity, serving nearly 1,500 financial institutions in 13 upper Midwestern and northwestern states plus Pacific island territories, remains headquartered in Des Moines.

Federal Housing Finance Agency Director Mel Watt welcomed the news, saying that “members and the public should feel confident that the bank that resulted from the merger, which will be called the Federal Home Loan Bank of Des Moines, remains financially strong and committed to meeting its statutory purposes.”