Federal Home Loan Bank of Des Moines 8-K

What Happened
The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8‑K on February 24, 2026 (Item 2.03) to disclose the creation of a direct financial obligation — commitments to issue consolidated obligation bonds and/or discount notes for which the Bank is the primary obligor. The filing includes Schedule A (Exhibit 99.1) listing the consolidated obligations committed to be issued on the indicated trade dates. The filing reiterates that consolidated obligations are joint and several obligations of the eleven Federal Home Loan Banks, are sold through the Office of Finance, and are backed only by the financial resources of the Federal Home Loan Banks (not by the U.S. government).

Key Details

• Filing date: February 24, 2026 (Form 8‑K, Item 2.03).
• Schedule A attached as Exhibit 99.1; interactive data included as Exhibit 104 (inline XBRL).
• Consolidated obligations consist of bonds and discount notes sold through the Office of Finance via authorized dealers.
• Schedule A generally excludes discount notes maturing in one year or less and reports principal at par (which may differ from GAAP carrying amounts); the Bank did not make a materiality determination for any particular obligation in the Schedule.

Why It Matters
This filing notifies investors about new or assumed debt commitments that affect the Bank’s funding and liability profile. Consolidated obligations are a primary source of funding for the Bank but are not government‑guaranteed, so changes in issuance can affect perceived credit and liquidity. Investors should review Schedule A and the Bank’s periodic filings (where total consolidated obligations outstanding are reported) to assess the size, timing and accounting impact of these obligations on the Bank’s balance sheet and liquidity.