The Federal Home Loan Bank of Des Moines (FHLB Des Moines) filed a Current Report on Form 8-K dated September 9, 2026, disclosing a Schedule A that details its consolidated obligations. The filing outlines the terms for the issuance of debt securities, which are the joint and several obligations of the eleven Federal Home Loan Banks.
The Schedule A lists 15 specific consolidated obligation bonds and discount notes. The total par amount of these obligations is $2,235,000,000. The securities vary in maturity dates ranging from October 8, 2027, to September 22, 2036. The interest rates on these obligations range from 4.37% to 6.00%.
The debt instruments include a mix of fixed-rate and variable-rate securities. The fixed-rate notes include a 4.50% non-callable bond maturing on September 1, 2028, with a par amount of $145,000,000. The variable-rate notes include a Single Index Floater with a par amount of $1,000,000,000 maturing on September 20, 2028.
Most of the listed obligations are callable, with redemption options classified as American, Bermudan, or Canary styles. The filing notes that the principal amounts are reported at par and may not correspond to amounts in the Bank's financial statements due to discounts, premiums, or concessions.
