8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): November 8, 2016

Federal Home Loan Bank of Des Moines

__________________________________________

(Exact name of registrant as specified in its charter)

Federally Chartered Corporation	000-51999	42-6000149
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)
Skywalk Level, 801 Walnut Street -- Suite 200, Des Moines, Iowa		50309
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: 515-281-1000

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On November 10, 2016, the Federal Home Loan Bank of Des Moines (the "Bank") issued a member announcement of action by its Board of Directors (the "Board") to declare a third quarter 2016 cash dividend for both the average activity-based capital stock and average membership capital stock outstanding during the quarter. The dividend approved for activity-based capital stock was at an annualized rate of 3.50 percent. The dividend approved for membership capital stock was at an annualized rate of 0.75 percent. The effective combined annualized dividend rate for the Bank on both subclasses of capital stock outstanding was 3.03 percent. A copy of the member announcement is attached as Exhibit 99.1 to this report.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 9, 2016, the Board declared certain individuals elected in the Bank's 2016 election of directors (the “2016 Director Election”) with each term to commence January 1, 2017. The Board is comprised of member directors and independent directors who are elected by the Bank's members, as discussed under "Item 10 - Directors, Executive Officers, and Corporate Governance" of the Bank's 2015 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 21, 2016 (the “2015 Annual Report”).

After reviewing the results of the 2016 Director Election, the Board declared the following individuals elected as member directors:

Robert A. Stuart, president and chief executive officer of OnPoint Community Credit Union in Portland, Oregon. Mr. Stuart was elected to fill a member directorship designated for the State of Oregon for a four-year term ending December 31, 2020.

J. Benson Porter, president and chief executive officer of Boeing Employees' Credit Union in Tukwila, Washington. Mr. Porter, was re-elected to fill a member directorship designated for the State of Washington for a four-year term ending December 31, 2020. Mr. Porter was first elected as a director of the Federal Home Loan Bank of Seattle (the "Seattle Bank"), which merged with the Bank effective May 31, 2015 (the "Merger"), in 2012. Mr. Porter is the currently the vice chair of the Risk Committee and serves on Human Resources and Compensation Committee.

With respect to the election of Mr. Porter the Bank issued a Current Report on Form 8-K on September 28, 2016 (after the nomination period closed) announcing that Mr. Porter had been “deemed” elected, as provided in applicable regulations of the Federal Housing Finance Agency (the “Finance Agency”).

In addition, after reviewing the results of the 2016 Director Election, the Board declared the following individuals elected as independent directors:

Ruth B. Bennett, principal of RB Bennett Enterprises LLC, Vancouver, Washington. Ms. Bennett was re-elected to fill an independent directorship for a four-year term ending December 31, 2020. Ms. Bennett was first elected to serve as a director of the Seattle Bank in 2014 and served on the Seattle Bank's board until the Merger in 2015. Ms. Bennett currently serves on the Business Operations and Technology Committee and the Risk Committee.

John F. Kennedy Sr., president and chief executive officer of St. Louis Equity Fund, Inc., St. Louis, Missouri. Mr. Kennedy was re-elected to fill a public interest directorship for a four-year term ending December 31, 2020. Mr. Kennedy has served on the Board since 2007. Mr. Kennedy is currently the chair of the Audit Committee and serves on the Executive and Governance Committee and Mission, Member & Housing Committee.

The 2017 Board committees on which the above individuals will be named to serve have not yet been determined as of the date of this filing.

The 2016 Director Election took place in accordance with the rules governing the election of Federal Home Loan Bank directors specified in the Federal Home Loan Bank Act (the "Bank Act") and the related Finance Agency regulations. For a description of the Bank's director election process, see "Item 10 - Directors, Executive Officers, and Corporate Governance" of the Bank's 2015 Annual Report.

Pursuant to the Bank Act and Finance Agency regulations, the Bank's member directors serve as officers or directors of a member of the Bank. The Bank is a cooperative and conducts business primarily with its members, who are required to own capital stock in the Bank as a prerequisite to transacting certain business with the Bank. Subject to the Bank Act and Finance Agency regulations, the Bank also issues consolidated obligations through the Office of Finance, maintains a portfolio of short-term and long-term investments, enters into derivative transactions, and provides certain cash management and other services — in each case, with members, housing associates, or other third parties of which directors may serve as officers or directors. All such transactions are made in the ordinary course of the Bank's business and are subject to the same Bank policies as transactions with the Bank's members, housing associates, and third parties generally. For further information, see "Item 13 - Certain Relationships and Related Transactions, and Director Independence" of the Bank's 2015 Annual Report.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On November 8, 2016, the Bank tallied the preliminary voting results for the 2016 Director Election, which the Board declared final as described in Item 5.02 of this Current Report. Complete voting results are included in the director election results attached as Exhibit 99.2 to this Current Report, and are incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On November 10, 2016, the Bank issued announcements to its members concerning the results of the 2016 Director Election as well as the information described under Item 2.02 of this Current Report. The announcements are attached as Exhibits 99.1 and Exhibit 99.2 to this Current Report. The information set forth under Items 2.02, 5.02 and 5.07 is also furnished pursuant to this Item 7.01.

The information contained in Exhibits 99.1 and 99.2 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number 99.1         Member Announcement, dated November 10, 2016, issued by the Bank.

Exhibit Number 99.2        Director Election Results, dated November 10, 2016, issued by the Bank.

SIGNATURE

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Federal Home Loan Bank of Des Moines
November 10, 2016	By:	/s/ Joseph E. Amato
		Name: Joseph E. Amato
		Title: Executive Vice President/Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Member Announcement
99.2	Director Election Results

EX-99.1

Federal Home Loan Bank of Des Moines
announcement

November 10, 2016

FHLB Des Moines Approves Third Quarter 2016 Dividend

The FHLB Des Moines (the Bank) Board of Directors (the Board) has approved a third quarter 2016 dividend for both the average activity-based capital stock and average membership capital stock outstanding during the quarter. The dividend approved for activity-based capital stock was at an annualized rate of 3.50 percent. The dividend approved for membership capital stock was at an annualized rate of 0.75 percent. Dividend payments totaling $41 million are expected to be paid on November 14, 2016.

The effective combined annualized dividend rate for the Bank on both subclasses of capital stock outstanding was 3.03 percent; however, the effective combined dividend rate on the total capital stock held by each shareholder will depend on their level of activity with the Bank during the third quarter.

Earlier today the Bank filed its Third Quarter 2016 Form 10-Q with the Securities and Exchange Commission (SEC). An overview of the Bank's financial results for the third quarter was provided in a Form 8-K earnings release filed with the SEC on October 27, 2016. These filings are available at www.fhlbdm.comor www.sec.gov.

EX-99.2

Federal Home Loan Bank of Des Moines
announcement

November 10, 2016

FHLB Des Moines Releases 2016 Director Election Results

On November 9, 2016, the Board of Directors of FHLB Des Moines certified the results of the 2016 Member and Independent Director Elections. We are pleased to announce the director terms commencing January 1, 2017.

Member Director Election Results

Oregon - 1 seat available

Number of institutions eligible to vote:	44
Number of institutions who voted:	31
Total eligible votes per candidate:	348,599

Total Votes	Robert A. Stuart, President and CEO	Elected –4 year term
158,582	OnPoint Community Credit Union	01/01/17 – 12/31/20
	Portland, OR

Total Votes	Roger S. Busse, CEO
97,594	Pacific Continental Bank
	Eugene, OR

Washington - 1 seat available (No Election)

J. Benson Porter, President and CEO	Elected – 4 year term
Boeing Employees' Credit Union	01/01/17 – 12/31/20
Tukwila, WA

On September 28, 2016, J. Benson Porter was declared elected by the FHLB Des Moines to the Bank’s board in accordance with Federal Housing Finance Agency regulations to a four-year term commencing January 1, 2017. The one directorship in Washington was filled without an election because Mr. Porter was the only nominee.

Independent Director Election Results

District-wide - 2 total seats available

Independent Director - 1 seat available

Number of institutions eligible to vote:	1,445
Number of institutions who voted:	402
Total eligible votes per candidate:	11,889,518

Total Votes	Ruth B. Bennett, Principal	Elected – 4 year term
3,461,311	RB Bennett Enterprises LLC	01/01/17 – 12/31/20
29.11%	Vancouver, WA

Public Interest Director (PID) - 1 seat available

Number of institutions eligible to vote:	1,445
Number of institutions who voted:	405
Total eligible votes per candidate:	11,889,518

Total Votes	John F. Kennedy, Sr., President and CEO	Elected – 4 year term
3,576,986	St. Louis Equity Fund, Inc.	01/01/17 – 12/31/20
30.09%	St. Louis, MO