JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Des Moines • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement, as amended, was entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date, and has been amended as of the Amendment Effective Date.
August 5, 2011 FHLBanks’ Joint Capital Enhancement Agreement and Amendments to the Bank’s Capital Plan Dear Member:Joint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Des Moines • Federal & federally-sponsored credit agencies
On February 28, 2011, the 12 Federal Home Loan Banks entered into a Joint Capital Enhancement Agreement (Agreement) intended to enhance the capital position of each FHLBank. I am pleased to announce that the FHLBanks have amended their capital plans to implement the provisions of the Agreement, and that the Federal Housing Finance Agency (FHFA) approved the capital plan amendments on August 5, 2011. The amended capital plans, including the Bank’s amended capital plan, will become effective on September 5, 2011.
