The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8-K on October 28, 2026, detailing a schedule of consolidated obligation bonds and discount notes. The report, signed by Associate Treasurer Tapas Panda on November 3, 2026, provides specific terms for debt securities issued by the Bank.
The filing lists several consolidated obligations with varying maturity dates and redemption options. One notable entry is a bond identified by CUSIP 3130BCS46, issued on October 28, 2026, with a maturity date of November 9, 2046. This bond carries a fixed interest rate of 6.40 percent and features an Optional Principal Redemption provision, allowing the Bank to redeem the bonds in whole or in part on November 9, 2028. Two tranches of this bond are reported, with principal amounts of $10,000,000 and $5,000,000.
Other securities detailed in the filing include a non-callable Fixed Constant bond (CUSIP 3130BCRY1) issued on October 29, 2026, maturing on September 30, 2027, with a principal amount of $25,000,000 and a fixed rate of 4.53 percent. Additionally, the Bank reported a Fixed Constant bond (CUSIP 3130BCSF1) issued on October 29, 2026, maturing on November 17, 2036, with a principal amount of $5,000,000 and a fixed rate of 6.05 percent. Another bond, CUSIP 3130BCS87, issued on October 29, 2026, maturing on November 17, 2031, has a principal amount of $10,000,000 and a fixed rate of 5.25 percent. This bond is redeemable on November 17, 2028, under a Bermudan redemption provision.
The filing clarifies 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 report includes an exhibit (Exhibit 99.1) containing the detailed Schedule A of these obligations.
