Federal Home Loan Bank of Des Moines: creates direct financial obligation

What happened The Federal Home Loan Bank of Des Moines (the "Bank") filed a Current Report on Form 8-K on Oct 14, 2026 and reported the creation of a direct financial obligation in the form of consolidated obligations for which the Bank is the primary obligor. The filing attaches Schedule A that lists consolidated obligation bonds and discount notes committed to be issued by the Federal Home Loan Banks for which the Bank is the primary obligor on the trade dates indicated.

Key details

• The Bank obtains most of its funds from the sale of debt securities called consolidated obligations, which consist of bonds and discount notes.
• By regulation consolidated obligations are the joint and several obligations of the 11 Federal Home Loan Banks and are backed only by the financial resources of the 11 Federal Home Loan Banks; consolidated obligations are not guaranteed by the United States government.
• The Federal Housing Finance Agency (the "Finance Agency") is authorized to require any Federal Home Loan Bank to repay principal or interest on consolidated obligations for which another Federal Home Loan Bank is the primary obligor.
• Schedule A excludes consolidated obligation discount notes with a maturity of 1 year or less issued in the ordinary course of business; the principal amounts on Schedule A are reported at par and may not correspond to amounts in the Bank’s GAAP financial statements because par does not account for discounts, premiums or concessions.

Why it may matter This report was filed under Item 2.03, creation of a direct financial obligation, and covers consolidated obligations for which the Bank is the primary obligor. The filing does not show why the insider traded or why the company acted.