DES MOINES, Iowa, April 25, 2006 (PRIMEZONE) -- The Federal Home Loan Bank of Des Moines announced today that an upcoming presentation of its President and CEO will be available through a webcast. Randy Newman, Chairman, Board of Directors and Neil Fruechte, Acting President will be speaking at the Bank's Annual Conference in Des Moines, Iowa on Tuesday, April 25, 2006 and his remarks will be streamed (audio only) on the Bank's website at www.fhlbdm.com.
Mr. Newman and Mr. Fruechte will speak at 12:00 noon (CDT) and will last approximately 30 minutes.
The program will be streamed in a Windows media format and will be available for one month. Users will be required to register a username, password, first name, last name and email address to view the free program. Users will be able to sign up on the Bank's website beginning April 25, 2006.
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 is a AAA-rated 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.