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): October 2, 2020

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.)
909 Locust Street Des Moines, IA		50309
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: 515-412-2100

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if they registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01 Other Events.

The President and Chief Executive Officer of the Federal Home Loan Bank of Des Moines (the "Bank") regularly issues a letter (the "Letter from the CEO") to the Bank’s members. A copy of the Letter from the CEO for the third quarter of 2020, issued on October 2, 2020, is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1    Federal Home Loan Bank of Des Moines Letter from the CEO, dated October 2, 2020

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, 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
October 5, 2020	By:	/s/ Aaron B. Lee
		Name: Aaron B. Lee
		Title: Senior Vice President, General Counsel and Corporate Secretary

Exhibit Index

Exhibit No.	Description
99.1	Federal Home Loan Bank of Des Moines Letter from the CEO, dated October 2, 2020

EX-99.1

Letter from the CEO

Take a moment to think back to what you were doing in 1990. Many of you may have been starting a career or already had an established career in the financial services industry, and things looked much different at that time. The introduction of Fintech changed the financial landscape dramatically. Debit cards have nearly replaced check writing, and mobile wallets, online banking and banking apps have become more prevalent. However, one thing has remained constant for all these years, our Affordable Housing Program (AHP).

As we celebrate 30 years of AHP, we celebrate you, our members, who have used our programs to create homeownership opportunities, stability and partnerships in your communities. Since 1990, $700 million in grant funds, which equates to $7.3 billion in leveraged capital for local economies, has been dispersed through our members, creating homes for nearly 120,000 individuals. More importantly, these grants have strengthened the foundations of the communities you serve.

It is because of you that AHP has been such a success. As our partners in identifying needs, distributing funds and strengthening communities, your participation in Competitive AHP, Home$tart or the Native American Homeownership Initiative has had a profound impact. It’s your business that drives this community impact. Our unique structure outlines that 10 cents of every dollar earned is made available to members to reinvest in their own communities. We like to call it the “community investment dividend”; the more you use your cooperative, the more funds are available to invest into your local economies. Homes are created, dollars are spent, businesses benefit and communities thrive.

This cycle of borrowing and reinvestment is crucial to our cooperative structure, and none of it can happen without you. The true value of your dollars are seen throughout your communities - the resident who found refuge in a homeless shelter, the homeowner who benefited from a helping hand or the citizen who spent time in a new community center. The stories are as varied and colorful as the district we serve. Each one made possible because of our members.

For those of you who aren’t active in our Affordable Housing Program, I invite you to explore the possibilities it can provide. Creating sustainable affordable housing solutions begins with our members taking the first step. Reach out to our Community Investment Department or your Relationship Manager to get started.

As we look towards a new year, we hope for one less turbulent and unpredictable, but we’re thankful for another year of impact. Another year to support our members in filling the needs of your communities and creating lasting relationships. So here’s to another 30 years of homes and community and partnership, I can’t wait to see what we achieve together.

Best,

Kris Williams

President & CEO

Statements contained in this announcement, including statements describing the objectives, projections, estimates, or future predictions in the Bank’s operations, may be forward-looking statements. These statements may be identified by the use of forward-looking terminology, such as believes, projects, expects, anticipates, estimates, intends, strategy, plan, could, should, may, and will or their negatives or other variations on these terms. By their nature, forward-looking statements involve risk or uncertainty, and actual results could differ materially from those expressed or implied or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. As a result, you are cautioned not to place undue reliance on such statements.