DES MOINES, Iowa, May 12, 2006 (PRIMEZONE) -- The Federal Home Loan Bank of Des Moines announced today that it has filed a Form 10 Registration Statement with the Securities and Exchange Commission. The Bank's Registration Statement includes its financial statements for the year ending December 31, 2005 and reflects the restatement of previously reported financial results for years 2001 through 2004.
"The filing of the Bank's Form 10 is a significant accomplishment for the Bank and an important step toward completing the registration of the Bank's equity securities under the Securities and Exchange Act of 1934," stated Neil Fruechte, Acting President and CEO of the Des Moines Bank.
A copy of the Bank's filing is available on the SEC website (www.sec.gov).
Statements contained in this announcement, including statements describing the objectives, projections, estimates or future predictions in our operations, may be forward-looking statements. These statements may be identified by the use of forward-looking terminology, such as anticipates, believes, could, estimate, may, should 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.
The Federal Home Loan Bank of Des Moines (Bank) is a wholesale bank that provides low-cost short and long-term funding and community lending to more than 1,200 stockholder commercial banks, saving institutions, credit unions and insurance companies. The Bank is wholly owned by its members and receives no taxpayer funding. The Des Moines Bank serves Iowa, Minnesota, Missouri, North Dakota and South Dakota and is one of twelve regional Banks that make up the Federal Home Loan Bank System.