The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8-K on October 5, 2026, disclosing the issuance of consolidated obligations. 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 includes Schedule A, which details the specific debt instruments committed to be issued. The total principal amount of these obligations is $5,070,180,000. The issuances cover a range of maturities and interest structures.
The debt profile includes the following specific details:
- Variable Rate Floater: The Bank issued $1.5 billion in variable rate notes maturing on June 14, 2027, and $1 billion maturing on July 13, 2027.
- Fixed Rate Bonds: A $10 million bond with a 6.00% coupon was issued, maturing on April 13, 2033.
- Long-Term Fixed Rate: A $15 million bond with a 7.00% coupon was issued, maturing on April 19, 2046.
- Other Structures: The filing also lists various other instruments including European variable floaters, Bermudan fixed-rate bonds, and additional variable rate notes with maturities ranging from March 2027 to October 2028.
The consolidated obligations are backed only by the financial resources of the Federal Home Loan Banks and are not guaranteed by the United States government.
