Federal Home Loan Bank of Des Moines Issues Consolidated Obligations

What Happened
The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8‑K on July 16, 2026 (Accession No. 0001325814-26-000110) under Item 2.03 to report the creation of a direct financial obligation: consolidated obligations (bonds and discount notes) for which the Bank is the primary obligor. These consolidated obligations are sold through the Office of Finance, are joint and several obligations of the eleven Federal Home Loan Banks, and are backed only by the financial resources of those Banks (they are not guaranteed by the U.S. government). The filing includes a Schedule A listing the consolidated obligation bonds and discount notes committed to be issued on the trade dates indicated, subject to certain exclusions.

Key Details

• Filing date: July 16, 2026 (Form 8‑K, Accession No. 0001325814-26-000110).
• Schedule A reports consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks for which this Bank is the primary obligor; it generally excludes discount notes with maturity ≤ 1 year.
• Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are not U.S. government guaranteed; the FHFA may require one Bank to repay obligations for which another Bank is the primary obligor.
• Principal amounts on Schedule A are stated at par and may differ from amounts in GAAP financial statements; Schedule A may not reflect associated derivatives or the Bank’s total consolidated obligations outstanding.

Why It Matters
This filing informs investors that the Bank is active in issuing or committing to issue debt securities that fund its operations. Because consolidated obligations are a primary funding source and are joint obligations of all Federal Home Loan Banks (but not government‑guaranteed), investors should monitor the Bank’s Schedule A and periodic reports to understand the Bank’s funding commitments, outstanding consolidated obligations, and any accounting differences between par amounts and GAAP figures.