Federal Home Loan Bank of Des Moines Reports Consolidated Obligations Issuance

What Happened
The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8‑K on September 1, 2026 (Item 2.03) announcing the creation of a direct financial obligation through commitments to issue consolidated obligation bonds and discount notes. The filing notes those securities are issued through the Office of Finance and that Schedule A (filed with the 8‑K) lists the consolidated obligations for which the Bank is the primary obligor on the indicated trade dates.

Key Details

• Filing date: September 1, 2026 (Form 8‑K, Item 2.03).
• Consolidated obligations are joint and several obligations of the 11 Federal Home Loan Banks and are sold via the Office of Finance.
• Consolidated obligations are backed only by the financial resources of the Federal Home Loan Banks and are not guaranteed by the U.S. government. The Federal Housing Finance Agency may require one Bank to repay obligations for which another is the primary obligor.
• Schedule A (Exhibit 99.1) sets forth the consolidated obligation bonds and discount notes committed to be issued for which this Bank is the primary obligor; one-year-or-less discount notes issued in the ordinary course are generally excluded, and par amounts on Schedule A may differ from GAAP-reported amounts.

Why It Matters
This 8‑K updates investors about the Bank’s debt issuance activity and potential changes to its repayment obligations. Consolidated obligations affect the Bank’s funding and liability profile; because they are not U.S. government guaranteed, investors should watch the Bank’s periodic reports for the total consolidated obligations outstanding and for any additional disclosure about amounts, maturities, or related interest‑rate management (e.g., swaps) tied to these issuances.