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 April 14, 2026, reporting the creation of a direct financial obligation—specifically consolidated obligation bonds and/or discount notes for which the Bank is the primary obligor. The filing includes a Schedule A listing consolidated obligations committed to be issued (excluding ordinary-course discount notes with maturities of one year or less).

Key Details

• Consolidated obligations are debt securities (bonds and discount notes) sold through the Office of Finance and are the joint and several obligations of the eleven Federal Home Loan Banks.
• These obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government.
• The Federal Housing Finance Agency (FHFA) may require any Federal Home Loan Bank to repay principal or interest for which another Bank is the primary obligor.
• Schedule A (filed as Exhibit 99.1) reports principal amounts at par and generally excludes short-term discount notes (≤1 year); par amounts may differ from GAAP amounts because they don’t reflect discounts, premiums or concessions.

Why It Matters
Consolidated obligations are a primary funding source for the Bank. Being listed as the primary obligor means the Bank has a contractual repayment responsibility for the reported debt. Investors should note these securities are not federally guaranteed and that the Schedule A does not show all short-term issuances or the Bank’s total consolidated obligations outstanding — total outstanding amounts will appear in the Bank’s periodic SEC filings.