The Federal Home Loan Bank of Des Moines reported the issuance of $1.32 billion in consolidated obligations on September 28, 2026. These obligations, which include bonds and discount notes, are the joint and several liabilities of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance.
The filing details a Schedule A listing several debt instruments issued on September 28, 2026. The issuances include a mix of fixed-rate and variable-rate bonds with varying maturities ranging from one year to ten years. The total par value of the reported obligations is $1.32 billion.
Key details from the Schedule A include:
- $1.0 Billion Variable Rate Floater: Issued on September 28, 2026, with a maturity date of May 5, 2027. This is a non-callable bond with a Single Index Floater structure.
- $1.25 Billion Fixed Rate Bonds: Issued on September 28, 2026, with a maturity date of August 10, 2036. These are American Fixed Constant bonds with a 6.20% coupon rate.
- $75 Million Variable Rate Floater: Issued on September 28, 2026, with a maturity date of May 5, 2028. This is a European Variable Single Index Floater.
The Bank notes that consolidated obligations are backed by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government. The principal amounts reported on Schedule A represent the par value at issuance, which may differ from amounts reported in financial statements due to discounts or premiums.
