1325814--3/30/2007--Federal_Home_Loan_Bank_of_Des

related topics

{condition, economic, financial}

{loss, insurance, financial}

{capital, credit, financial}

{regulation, change, law}

{debt, indebtedness, cash}

{system, service, information}

{personnel, key, retain}

{control, financial, internal}

{investment, property, distribution}

{cost, contract, operation}

{financial, litigation, operation}

Limitation, by the Bank s Reserve Capital Policy, of the Bank s dividend to net income in Accordance with GAAP may impact our financial condition and operating results Recent Changes in Senior Management and Other Key Personnel May Be Disruptive to Our Business and Could Materially and Adversely Affect Our Operations, Operating Results, and Financial Condition High Penetration Levels in our Five-State District May Impact our Ability to Increase Future earnings and Grow or Maintain our Asset Size Volatility of Interest Rates Could Cause a Reduction in Earnings or Impairment in Capital Purchases Under our MPF Program Have Declined which could have an Adverse Effect on our Business and Future Operating Results Failure to timely Implement the Requirements of Public Company Financial Reporting Practices and Internal Controls Could Have a Material Adverse Effect on the Bank Economic Downturns and Changes in Federal Monetary Policy Could Have an Adverse Affect on Our Business Operations and Earnings The Terms of Any Liquidation, Merger, Or Consolidation Involving Us May Have an Adverse Impact on Members Investment in Us We Face Competition for Advance Demand Which Could Adversely Affect Our Financial Condition and Results of Operations The Absence of Six of the Eight Appointed Directors from the Bank s Board of Directors that the Finance Board is Authorized to Appoint May Negatively Affect the Bank s Corporate Governance We Rely Heavily on Information Systems and Other Technology, Which Could Have a Negative Effect on Our Financial Condition and Results of Operations Counterparty Credit Risk Could Adversely Affect Our Financial Condition and Results of Operations Mortgage Finance Business Activities Rely on the FHLBank of Chicago and Operational Difficulties Could Have a Negative Impact on Our Financial Condition and Results of Operations We Use Derivative Instruments to Reduce Our Interest-rate Risk, And We May Not Be Able to Enter into Effective Derivative Instruments on Acceptable Terms Which Could Adversely Impact Our Financial Condition and Results of Operations We are Subject to Complex Laws and Regulations, Which Could Change in a Manner Detrimental to the Bank s Financial Condition and Results of Operations We Are Jointly and Severally Liable for Payment of Principal and Interest on the Consolidated Obligations Issued by the Other FHLBanks Changes in the Credit Ratings of Any FHLBank May Adversely Affect the Bank s Ability to Issue Consolidated Obligations on Acceptable Terms Which Could Have a Negative Effect on Our Financial Condition and Results of Operations The Public Perception of GSEs, Such As the Bank, May Adversely Affect the Bank s Access to Capital and Cost of Raising Capital Continued Industry Consolidation Could Significantly Decrease our Membership, Which Could Impact Our Financial Condition and Results of Operations

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1325814--3/30/2007--Federal_Home_Loan_Bank_of_Des_Moines