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Federal Home Loan Bank of Des Moines·8-K

Mar 24, 1:32 PM ET

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Federal Home Loan Bank of Des Moines 8-K

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Federal Home Loan Bank of Des Moines Reports Consolidated Obligation Issuance

What Happened
The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8-K on March 24, 2026 (Item 2.03) to disclose the creation/commitment to issue consolidated obligations (bonds and discount notes) for which it is the primary obligor. These consolidated obligations are sold through the Office of Finance and are joint and several obligations of all eleven Federal Home Loan Banks. The filing includes a Schedule A listing the consolidated obligation bonds and discount notes committed to be issued on the trade dates shown (excluding discount notes with maturities of one year or less issued in the ordinary course).

Key Details

  • Filing date: March 24, 2026 (Current Report on Form 8-K, Item 2.03).
  • Instrument type: consolidated obligation bonds and discount notes (debt securities sold through the Office of Finance).
  • Credit support: consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks — they are not guaranteed by the U.S. government. The Federal Housing Finance Agency (FHFA) may require a Bank to repay obligations for which another Bank is the primary obligor.
  • Schedule A notes: it reports par principal amounts committed to be issued and generally excludes discount notes maturing in one year or less; par amounts may differ from GAAP balances because they do not reflect discounts, premiums or concessions.

Why It Matters
This filing notifies investors that the Bank has committed to additional consolidated obligations for which it will be the primary obligor, which affects the Bank’s obligations in the capital markets. Because consolidated obligations are joint obligations of all eleven Federal Home Loan Banks and are not U.S. government-guaranteed, investors should treat them as liabilities supported by the FHLB system rather than by the federal government. Schedule A in this 8-K is informational and does not by itself show the Bank’s total consolidated obligations outstanding; investors should consult the Bank’s periodic reports for comprehensive totals and GAAP amounts.