Federal Home Loan Bank of Des Moines 8-K Financial Highlights — Balance Sheet

Exhibit 99.1

Financial Highlights — Balance Sheet

(Dollars in millions)	June 30, 2009			December 31, 2008			$ Change			% Change
Advances	$	37,165		$	41,897		$	(4,732	)		(11	%)
Mortgage loans, net		8,120			10,685			(2,565	)		(24	%)
Mortgage-backed securities		8,981			9,307			(326	)		(4	%)
Short-term investments		5,029			3,812			1,217			32	%
Other investments		7,566			2,252			5,314			236	%
Other assets		171			176			(5	)		(3	%)
Total Assets	$	67,032		$	68,129		$	(1,097	)		(2	%)
Deposits	$	1,290		$	1,496		$	(206	)		(14	%)
CO — Discount notes		19,967			20,061			(94	)		0	%
CO — Bonds		41,599			42,723			(1,124	)		(3	%)
Other liabilities		838			832			6			1	%
Total Liabilities		63,694			65,112			(1,418	)		(2	%)
Capital stock		2,923			2,781			142			5	%
Retained earnings		437			382			55			14	%
Accumulated other comprehensive income		(22	)		(146	)		124			(85	%)
Total Capital		3,338			3,017			321			11	%
Total Liabilities and Capital	$	67,032		$	68,129		$	(1,097	)		(2	%)

Financial Highlights — QTD Income Statement

	QTD			QTD			QTD
(Dollars in thousands)	June 30, 2009			March 31, 2009			June 30, 2008
Advances	$	179,420		$	210,079		$	331,415
Investments		85,110			78,231			103,949
Mortgage loans		122,402			131,513			132,507
Total Interest Income		386,932			419,823			567,871
Consolidated obligations		323,207			409,598			488,346
Deposits		639			828			6,094
Other interest expense		32			71			429
Total Interest Expense		323,878			410,497			494,869
Net Interest Income Before Provision		63,054			9,326			73,002
Loan Loss Provision		250			0			0
Net Interest Income After Provision		62,804			9,326			73,002
Net gain on trading securities		33,660			20,092			0
Net loss on financial instruments held at fair value		(10,586	)		(1,641	)		0
Net gain on loans held for sale		1,342			0			0
Net realized loss from the sale of available-for-sale securities		(42,769	)		0			0
Net loss on derivatives and hedging activities		103,851			(7,435	)		2,358
Net (loss)gain on extinguishment of debt		(36,378	)		(15,980	)		239
Other non-interest income		2,112			1,464			1,257
Total Non-Interest Income		51,232			(3,500	)		3,854
Operating expense & other non-interest expense		11,646			10,636			10,574
Finance Agency & Office of Finance		1,151			1,100			1,004
Total other expense		12,797			11,736			11,578
Income (Loss) Before Assessment		101,239			(5,910	)		65,278
Affordable Housing Program		7,790			0			5,340
REFCORP		17,508			0			11,981
Total Assessments		25,298			0			17,321
Net Income (Loss)	$	75,941		$	(5,910	)	$	47,957

Financial Highlights — YTD Income Statement

	YTD			YTD
(Dollars in thousands)	June 30, 2009			June 30, 2008
Advances	$	389,499		$	719,360
Investments		163,341			208,499
Mortgage loans		253,915			266,809
Total Interest Income		806,755			1,194,668
Consolidated obligations		732,805			1,039,289
Deposits		1,468			14,897
Other interest expense		103			2,783
Total Interest Expense		734,376			1,056,969
Net Interest Income Before Provision		72,379			137,699
Loan Loss Provision		250			0
Net Interest Income After Provision		72,129			137,699
Net gain on trading securities		53,752			0
Net loss on financial instruments held at fair value		(12,227	)		0
Net gain on loans held for sale		1,342			0
Net realized loss from the sale of available-for-sale securities		(42,769	)		0
Net loss on derivatives and hedging activities		96,416			(10,372	)
Net (loss)gain on extinguishment of debt		(52,357	)		239
Other non-interest income		3,576			2,411
Total Non-Interest Income		47,733			(7,722	)
Operating expense & other non-interest expense		22,281			20,155
Finance Agency & Office of Finance		2,252			1,860
Total other expense		24,533			22,015
Income (Loss) Before Assessment		95,329			107,962
Affordable Housing Program		7,790			8,840
REFCORP		17,508			19,813
Total Assessments		25,298			28,653
Net Income (Loss)	$	70,031		$	79,309

Financial Highlights — Ratios

	QTD			QTD			YTD			YTD
	June 30, 2009			June 30, 2008			June 30, 2009			June 30, 2008
Net interest spread		0.24	%		0.26	%		0.07	%		0.23	%
Net interest margin		0.35	%		0.42	%		0.20	%		0.42	%
Operating expense to average assets		0.06	%		0.06	%		0.06	%		0.06	%
Return on average assets		0.42	%		0.27	%		0.19	%		0.24	%
Return on average capital stock		10.49	%		6.37	%		4.92	%		5.59	%

Financial Highlights — Core Earnings

	QTD			QTD			YTD			YTD
(In Thousands)	March 31, 2009			June 30, 2009			June 30, 2009			June 30, 2008
Core Net Interest Income	$	19,008		$	65,604		$	84,612		$	148,136
BA Adjustment — Early Extinguishment of Debt		7,720			(2,028	)		5,692			0
BA Adjustment — Called Bonds		(17,402	)		(523	)		(17,925	)		(10,437	)
Net Interest Income	$	9,326		$	63,054		$	72,379		$	137,699
Core Earnings — Pre-Assessment	$	8,736		$	54,669		$	63,405		$	128,532
Adjustments*
Net Gain (Loss) on Derivatives and Hedging Activities		(7,435	)		103,851			96,416			(10,372	)
Net Gain (Loss) on Financial Instruments Held at Fair Value		(1,641	)		(10,586	)		(12,227	)		0
Called Bonds — BA Adjustment		(17,402	)		(523	)		(17,925	)		(10,437	)
Early Extinguishment of Debt — BA Adjustment		7,720			(2,028	)		5,692			0
Loss on Early Extinguishment of Debt		(15,980	)		(36,377	)		(52,357	)		239
Gain on Trading Securities (TLGP)		20,092			33,660			53,752			0
Gain (Loss) from Sale of AFS Securities		0			(42,769	)		(42,769	)		0
Net Gain (Loss) on Loans Held for Sale		0			1,342			1,342			0
Adjustments*		(14,646	)		46,570			31,924			(20,570	)
Net Income (Loss) — Pre-Assessment		(5,910	)		101,239			95,329			107,962
Assessments — AHP & REFCORP		0			(25,298	)		(25,298	)		(28,653	)
Net Income (Loss)	$	(5,910	)	$	75,941		$	70,031		$	79,309

* - Adjustments represent items that introduce significant income statement volatility or non-routine items.