Federal Home Loan Bank of Des Moines: creates consolidated obligation

What happened

• The Federal Home Loan Bank of Des Moines reported on Oct 8, 2026 that it created a direct financial obligation by committing to issue consolidated obligations. The filing says the Bank obtains most of its funds from the sale of these debt securities, which consist of bonds and discount notes and are sold through the Office of Finance.
• The filing states consolidated obligations are, by regulation, the joint and several obligations of the 11 Federal Home Loan Banks, are backed only by the financial resources of the 11 Federal Home Loan Banks and are not guaranteed by the United States government. The filing includes a Schedule A that sets forth consolidated obligation bonds and discount notes committed to be issued for which the Bank is the primary obligor.

Key details

• Item reported: Item 2.03 — creation of a direct financial obligation; filing date Oct 8, 2026.
• Consolidated obligations include bonds and discount notes and are joint and several obligations of the 11 Federal Home Loan Banks; the Federal Housing Finance Agency may require any Federal Home Loan Bank to repay obligations for which another is the primary obligor.
• Schedule A lists consolidated obligation bonds and discount notes committed to be issued for which the Bank is the primary obligor on the trade dates indicated, excluding discount notes with a maturity of 1 year or less issued in the ordinary course.
• The Schedule A principal amounts are reported at par and may not correspond to amounts in the Bank’s GAAP financial statements because they do not reflect discounts, premiums or concessions; the Bank may change its reporting method for these issuances at any time.

Why it may matter

• This filing reports Item 2.03 (creation of a direct financial obligation) and covers the Bank’s commitments to issue or assume consolidated obligations and related reporting details, including what Schedule A includes and excludes. The filing does not show why the insider traded or why the company acted.