The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 8, 2026. The filing details the issuance of debt securities known as consolidated obligations. The Bank is a Federally Chartered Corporation based in Des Moines, Iowa, and its consolidated obligations are joint and several liabilities of the eleven Federal Home Loan Banks, backed by their collective financial resources rather than the U.S. government.
The filing includes an exhibit, Schedule A, which lists the consolidated obligation bonds and discount notes committed to be issued by the Bank. The Schedule A details a specific issuance of Index Amortizing Notes with a principal amount of $10,000,000. These notes have a maturity date of September 25, 2028, and were traded on September 8, 2026. The bonds are classified as Bermudan Fixed Constant bonds, meaning they are redeemable at the Bank's discretion on specified recurring dates and pay interest at a constant fixed rate of 4.55 percent.
The filing clarifies that the principal amounts reported on Schedule A represent the par value of the obligations. It notes that this par amount may differ from the amounts reported in the Bank's financial statements prepared in accordance with generally accepted accounting principles, as the par amount does not account for discounts, premiums, or concessions. The Bank also indicated that the information in Schedule A excludes discount notes with a maturity of one year or less issued in the ordinary course of business and does not reflect whether proceeds will be used to satisfy called or maturing obligations.
