Federal Home Loan Bank of Des Moines 8-K

What Happened The Federal Home Loan Bank of Des Moines filed an 8-K on February 3, 2026 (Item 2.03) announcing the creation of a direct financial obligation through commitments to issue consolidated obligation bonds and discount notes for which the Bank is the primary obligor. Consolidated obligations are the joint and several debt of the eleven Federal Home Loan Banks, sold via the Office of Finance through authorized securities dealers, and are backed only by the Banks’ financial resources (not the U.S. government). The filing includes Schedule A (Exhibit 99.1) listing the consolidated obligations committed to be issued on the indicated trade dates.

Key Details

• Filing date: February 3, 2026 (Current Report on Form 8-K, Item 2.03).
• Instrument: Consolidated obligation bonds and discount notes (joint & several obligation of the 11 Federal Home Loan Banks).
• Schedule A: Lists consolidated obligations for which this Bank is primary obligor; generally excludes discount notes maturing in one year or less and may include assumed obligations with remaining maturity >1 year.
• Important caveats: FHFA regulation can require repayment by any Bank for obligations of another Bank; reported par amounts on Schedule A may differ from GAAP amounts (discounts/premiums not reflected); the Bank has not made a materiality determination for any particular obligation.

Why It Matters Consolidated obligations are the Bank’s primary funding source; commitments to issue them affect the Bank’s funding profile and repayment responsibilities as primary obligor. Retail investors should note these obligations are not U.S. government guaranteed and that the Finance Agency has authority affecting repayment. Review Schedule A (Exhibit 99.1) and the Bank’s periodic SEC filings for the full amount outstanding and for details on timing, maturities, and any related risk-management arrangements.