The Federal Home Loan Bank of Des Moines (FHLB Des Moines) filed a Current Report on Form 8-K on October 5, 2026, disclosing a schedule of consolidated obligation bonds and discount notes. The filing details the issuance of debt securities with a total par value of approximately $4.7 billion, for which the Bank is the primary obligor.
The debt offerings include a mix of fixed-rate and variable-rate bonds, as well as discount notes. The largest issuance is a $1.5 billion variable-rate single-index floater maturing on June 14, 2027. Other significant offerings include a $1 billion variable-rate floater maturing on July 13, 2027, and a $2 billion variable-rate floater maturing on April 9, 2027.
The schedule also includes a $10 million fixed-rate bond with a 6.00% coupon maturing on April 13, 2027, and a $15 million fixed-rate bond with a 7.00% coupon maturing on April 19, 2027. Additionally, the Bank issued a $175 million European variable-rate single-index floater maturing on October 13, 2028.
The filing notes that consolidated obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are backed only by the financial resources of those Banks, not by the U.S. government. The Bank’s Associate Treasurer, Tapas Panda, signed the report on October 8, 2026.
