The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8-K dated September 23, 2026, disclosing the issuance of debt securities known as consolidated obligations. The filing includes Schedule A, which details the specific bonds and discount notes committed to be issued by the Bank for which it is the primary obligor.
The total principal amount of the consolidated obligations reported in Schedule A is $1,180,000,000. The issuance consists of a mix of fixed-rate and variable-rate instruments with various maturities ranging from one year to 20 years.
The debt includes a $680,000,000 fixed-rate bond due in 2027 with a coupon rate of 4.66 percent. Additionally, the Bank issued a $910,000,000 variable-rate bond due in 2028. Other notable issuances include a $230,000,000 fixed-rate bond due in 2027 and a $20,000,000 fixed-rate bond due in 2046, both with optional principal redemption provisions.
The consolidated obligations are sold to the public through the Office of Finance using authorized securities dealers. The Bank notes that these obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government.
