2024 Q3 Form 10-Q Financial Statement

#000132581424000139 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.62B
YoY Change 26.55%
Cash & Equivalents $35.00M
Short-Term Investments $28.58B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $164.8B
YoY Change -8.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $155.3B
YoY Change -9.2%
SHAREHOLDERS EQUITY
Retained Earnings $3.359B
YoY Change 17.69%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.563B
YoY Change
Total Liabilities & Shareholders Equity $164.8B
YoY Change -8.52%

Cashflow Statement

Concept 2024 Q3 2024 Q2

Facts In Submission

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Background Information</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span><br/></span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Bank is a federally chartered corporation that is exempt from all federal, state, and local taxation (except real property taxes and certain employer taxes) and is one of 11 district FHLBanks. The FHLBanks are GSEs and were created under the authority of the FHLBank Act in order to serve the public by enhancing the availability of funds for residential mortgages and targeted community development. The Bank is regulated by the Finance Agency.</span></div><div><span><br/></span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The Bank is a cooperative, meaning it is owned by its customers, whom the Bank calls members. As a condition of membership in the Bank, all members must purchase and maintain capital stock to support business activities with the Bank. In return, the Bank provides a readily available source of funding and liquidity to its member institutions and eligible housing associates in Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming, and the U.S. Pacific territories of American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. Commercial banks, savings institutions, credit unions, insurance companies, and CDFIs may apply for membership. State and local housing associates that meet certain statutory criteria may also borrow from the Bank; while eligible to borrow, housing associates are not members of the Bank and, as such, are not permitted to hold capital stock. All stockholders, including current and former members, may receive dividends on their capital stock investment to the extent declared by the Bank’s Board of Directors.</span></div>
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Basis of Presentation<div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information. In the opinion of management, the unaudited interim financial information is complete and reflects all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of results for the interim periods. The preparation of financial statements in accordance with GAAP requires management to make assumptions and estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year ending December 31, 2024.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Reclassifications</span></div><div><span><br/></span></div><div style="text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Certain amounts in the Bank’s 2023 financial statements have been reclassified to conform to the presentation for the three and six months ended June 30, 2024. These amounts were not deemed to be material.</span></div><div style="text-indent:13.5pt"><span><br/></span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">SIGNIFICANT ACCOUNTING POLICIES</span></div><div><span><br/></span></div><div style="text-indent:13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There have been no material changes to the Bank’s significant accounting policies during the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">six</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> months ended June 30, 2024. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Descriptions of all significant accounting policies are included in “Item 8. Financial Statements and Supplementary Data — Note 1 — Summary of Significant Accounting Policies” in the 2023 Form 10-K.</span></div>
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fhlbdm Net Paymentsfor Repurchasesof Mandatory Redeemable Capital Stock
NetPaymentsforRepurchasesofMandatoryRedeemableCapitalStock
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fhlbdm Net Paymentsfor Repurchasesof Mandatory Redeemable Capital Stock
NetPaymentsforRepurchasesofMandatoryRedeemableCapitalStock
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CY2024Q2 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
10000000 usd
CY2024Q2 us-gaap Financial Instruments Subject To Mandatory Redemption Redeemable In Year Two
FinancialInstrumentsSubjectToMandatoryRedemptionRedeemableInYearTwo
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CY2023Q4 us-gaap Financial Instruments Subject To Mandatory Redemption Redeemable In Year Two
FinancialInstrumentsSubjectToMandatoryRedemptionRedeemableInYearTwo
0 usd
CY2024Q2 us-gaap Financial Instruments Subject To Mandatory Redemption Redeemable In Year Three
FinancialInstrumentsSubjectToMandatoryRedemptionRedeemableInYearThree
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CY2023Q4 us-gaap Financial Instruments Subject To Mandatory Redemption Redeemable In Year Three
FinancialInstrumentsSubjectToMandatoryRedemptionRedeemableInYearThree
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CY2024Q2 us-gaap Financial Instruments Subject To Mandatory Redemption Past Contractual Redemption Date Due To Outstanding Activity
FinancialInstrumentsSubjectToMandatoryRedemptionPastContractualRedemptionDateDueToOutstandingActivity
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CY2023Q4 us-gaap Financial Instruments Subject To Mandatory Redemption Past Contractual Redemption Date Due To Outstanding Activity
FinancialInstrumentsSubjectToMandatoryRedemptionPastContractualRedemptionDateDueToOutstandingActivity
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CY2024Q2 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
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CY2023Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
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CY2024Q2 fhlbdm Quarterly Net Income Allocated To Restricted Retained Earnings
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CY2023Q4 us-gaap Retained Earnings Appropriated
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2024Q2 fhlbdm Number Of Finance Agency Regulatory Capital Requirements
NumberOfFinanceAgencyRegulatoryCapitalRequirements
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CY2024Q2 fhlbdm Weight Applied To Permanent Capital In Computing Leverage Ratio
WeightAppliedToPermanentCapitalInComputingLeverageRatio
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CY2024Q2 fhlbdm Weight Applied To Nonpermanent Capital In Computing Leverage Ratio
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FederalHomeLoanBankRiskBasedCapitalActual
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CY2024Q2 us-gaap Federal Home Loan Bank Regulatory Capital Required
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CY2024Q2 us-gaap Federal Home Loan Bank Regulatory Capital Actual
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CY2023Q4 us-gaap Federal Home Loan Bank Regulatory Capital Required
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CY2023Q4 us-gaap Federal Home Loan Bank Regulatory Capital Actual
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CY2024Q2 us-gaap Federal Home Loan Bank Leverage Capital Required
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CY2024Q2 us-gaap Federal Home Loan Bank Leverage Capital Actual
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CY2023Q4 us-gaap Federal Home Loan Bank Leverage Capital Required
FederalHomeLoanBankLeverageCapitalRequired
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CY2023Q4 us-gaap Federal Home Loan Bank Leverage Capital Actual
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CY2024Q2 fhlbdm Regulatory Capital Ratio Required
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CY2024Q2 us-gaap Federal Home Loan Bank Regulatory Capital Ratio Actual
FederalHomeLoanBankRegulatoryCapitalRatioActual
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CY2023Q4 fhlbdm Regulatory Capital Ratio Required
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FederalHomeLoanBankRegulatoryCapitalRatioActual
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CY2024Q2 fhlbdm Federal Home Loan Bank Capital Stockto Assets Required
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CY2024Q2 fhlbdm Federal Home Loan Bank Capital Stockto Assets Actual
FederalHomeLoanBankCapitalStocktoAssetsActual
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CY2023Q4 fhlbdm Federal Home Loan Bank Capital Stockto Assets Required
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CY2023Q4 fhlbdm Federal Home Loan Bank Capital Stockto Assets Actual
FederalHomeLoanBankCapitalStocktoAssetsActual
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CY2024Q2 fhlbdm Leverage Ratio Required
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CY2024Q2 us-gaap Federal Home Loan Bank Leverage Ratio Actual1
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CY2023Q4 fhlbdm Leverage Ratio Required
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FederalHomeLoanBankLeverageRatioActual1
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CY2024Q2 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
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CY2024Q2 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
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CY2023Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
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CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
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CY2024Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
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us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
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CY2023Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
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us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
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CY2024Q2 us-gaap Obligation With Joint And Several Liability Arrangement Amount Outstanding
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CY2023Q4 us-gaap Obligation With Joint And Several Liability Arrangement Amount Outstanding
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CY2024Q2 fhlbdm Fla Balance For All Master Commitments
FlaBalanceForAllMasterCommitments
185000000 usd
CY2023Q4 fhlbdm Fla Balance For All Master Commitments
FlaBalanceForAllMasterCommitments
178000000 usd
CY2022Q4 us-gaap Loans To Other Federal Home Loan Banks
LoansToOtherFederalHomeLoanBanks
0 usd
fhlbdm Payments For Federal Home Loan Bank Loans
PaymentsForFederalHomeLoanBankLoans
2410000000 usd
fhlbdm Proceedsfrom Federal Home Loan Bank Loans
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2410000000 usd
CY2023Q2 us-gaap Loans To Other Federal Home Loan Banks
LoansToOtherFederalHomeLoanBanks
0 usd
CY2023Q4 us-gaap Loans From Other Federal Home Loan Banks
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us-gaap Proceeds From Federal Home Loan Bank Borrowings
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2500000000 usd
us-gaap Repayments Of Federal Home Loan Bank Borrowings
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2500000000 usd
CY2024Q2 us-gaap Loans From Other Federal Home Loan Banks
LoansFromOtherFederalHomeLoanBanks
0 usd
CY2022Q4 us-gaap Loans From Other Federal Home Loan Banks
LoansFromOtherFederalHomeLoanBanks
0 usd
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
515000000 usd
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
315000000 usd
CY2023Q2 us-gaap Loans From Other Federal Home Loan Banks
LoansFromOtherFederalHomeLoanBanks
200000000 usd

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fhlbdm-20240630_htm.xml Edgar Link completed
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fhlbdm-20240630_cal.xml Edgar Link unprocessable
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fhlbdm-20240630_def.xml Edgar Link unprocessable