Federal Home Loan Bank of Des Moines Reports New Consolidated Obligations

What Happened

• The Federal Home Loan Bank of Des Moines filed a Form 8-K on September 29, 2026 (Item 2.03) reporting the creation of direct financial obligations in the form of consolidated obligations (bonds and discount notes). The filing includes a Schedule A that lists consolidated obligation bonds and discount notes the Bank committed to issue, where the Bank is the primary obligor, on the trade dates indicated.

Key Details

• Filing date: September 29, 2026 (Current Report on Form 8-K, Item 2.03).
• Consolidated obligations are jointly and severally the obligations of the eleven Federal Home Loan Banks and are sold through the Office of Finance via authorized dealers.
• Consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the U.S. government.
• Schedule A excludes discount notes with maturities of one year or less issued in the ordinary course and reports principal amounts at par (which may differ from GAAP-reporting amounts); it may also include obligations the Bank assumed as primary obligor from other Federal Home Loan Banks.

Why It Matters

• For investors, this filing signals new or committed debt issuance that increases the Bank’s direct financial obligations and affects its funding mix. Because these consolidated obligations are joint obligations of all eleven Federal Home Loan Banks and are not U.S. government-guaranteed, they reflect system-wide credit and repayment responsibilities rather than a federal guarantee.
• The Schedule A in this 8-K provides transaction-level detail about committed issues but has important limitations (excludes short-term discount notes, shows par amounts only). Investors should consult the Bank’s periodic SEC filings for total consolidated obligations outstanding and its financial statements for GAAP liability amounts.