Federal Home Loan Bank of Des Moines 8-K

What Happened
The Federal Home Loan Bank of Des Moines filed a Form 8‑K on January 8, 2026 (Item 2.03) reporting the creation of a direct financial obligation: commitments to issue consolidated obligation bonds and discount notes for which the Bank is the primary obligor. Consolidated obligations are the Federal Home Loan Banks’ primary debt securities sold in the capital markets and are joint and several obligations of the eleven Federal Home Loan Banks. The filing includes Schedule A listing the consolidated obligations committed to be issued on the indicated trade dates.

Key Details

• Filing date: January 8, 2026 (Form 8‑K, Item 2.03).
• Consolidated obligations are issued by the Office of Finance and are the joint and several obligations of the 11 Federal Home Loan Banks.
• Schedule A lists committed bonds and discount notes for which the Bank is the primary obligor; it generally excludes discount notes maturing in one year or less.
• Consolidated obligations are backed only by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government; par amounts on Schedule A may differ from GAAP amounts (do not reflect discounts/premiums).

Why It Matters
For investors, consolidated obligations are the Bank’s main source of funding. Being designated the primary obligor on reported issues means the Bank has the primary repayment responsibility for those securities. Because Schedule A omits short-term discount notes and par amounts may not match GAAP figures, this 8‑K does not by itself show the Bank’s total outstanding consolidated obligations—investors should consult the Bank’s periodic filings for the full outstanding amounts and further financial context.