Federal Home Loan Bank of Des Moines: Other Brett L.A. Manning appointed

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 16, 2026, the Federal Home Loan Bank of Des Moines (the “Bank”) named Brett L.A. Manning as the Bank’s Chief Business Officer, effective immediately. Mr. Manning will oversee the Bank’s member-facing departments, including member relationships and sales, member strategies and solutions, marketing and communication, and the mortgage product group.
Mr. Manning, age 50, began his Federal Home Loan Bank career in Seattle in 1998 and has held several positions and leadership roles during that time focusing on business development and front-line risk management. Most recently, he served as Member Strategies and Solutions Director, a position he held since August 2023. Prior to that, Mr. Manning served as the Funding Products Group Director beginning in June 2017.
As the Bank’s Chief Business Officer, Mr. Manning will be paid an annual base salary of $425,000 and will be eligible to earn incentive awards under the Bank’s annual and long-term incentive plans. Mr. Manning’s maximum potential incentive award will be 80 percent of his base salary. Further, he will be eligible to receive the Bank’s standard executive relocation benefits.
Mr. Manning does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There are no family relationships between Mr. Manning and any of the Bank’s directors or executive officers, and there are no arrangements or understandings between Mr. Manning and any other person pursuant to which he was appointed as Chief Business Officer of the Bank.