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 February 5, 2026 (Item 2.03) reporting the creation/commitment of one or more consolidated obligations for which the Bank is the primary obligor. Consolidated obligations (bonds and discount notes) are sold through the Office of Finance and are joint and several obligations of the eleven Federal Home Loan Banks; they are not guaranteed by the U.S. government. The filing includes a Schedule A listing consolidated-obligation bonds and discount notes committed to be issued (with certain routine short-term discount notes excluded).

Key Details

• Filing date: February 5, 2026 (Form 8‑K, Item 2.03).
• The Bank reported consolidated obligations (bonds and discount notes) for which it is the primary obligor; these are sold via the Office of Finance through authorized dealers.
• Consolidated obligations are jointly and severally backed only by the financial resources of the eleven Federal Home Loan Banks; they are not U.S. government‑guaranteed.
• Schedule A excludes discount notes with maturities of one year or less issued in the ordinary course and reports principal at par (which may differ from GAAP amounts due to discounts/premiums). The Finance Agency can require any Federal Home Loan Bank to repay obligations for which another Bank is primary obligor.

Why It Matters
This filing confirms the Bank is taking on (or committing to) market debt used for its funding. Investors should note that consolidated obligations affect the Bank’s funding profile and that these debts are obligations of all Federal Home Loan Banks collectively, not the federal government. Schedule A provides specifics on committed issuances but does not show short-term paper or GAAP‑reported balances—total consolidated obligations for which the Bank is primary obligor will be disclosed in the Bank’s periodic SEC reports.