The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8-K dated September 2, 2026, disclosing the issuance of debt securities. The Bank, which obtains most of its funding through the sale of consolidated obligations in the capital markets, reported that it has committed to issuing $1.576 billion in bonds and discount notes.
According to the filing, these obligations are joint and several liabilities of the eleven Federal Home Loan Banks and are sold to the public through the Office of Finance. The Bank notes that these consolidated obligations are backed only by the financial resources of the Federal Home Loan Banks and are not guaranteed by the United States government.
The specific details of the issuances are outlined in Exhibit 99.1, Schedule A. The Schedule lists four primary consolidated obligation bonds with a total par value of $1.576 billion:
- $15.0 million in American Fixed bonds due September 10, 2036, with a 5.80% coupon rate.
- $153.0 million in European Variable Single Index Floaters due September 7, 2028.
- $1.0 billion in Non-Callable Variable Single Index Floaters due March 10, 2027.
- $10.0 million in Bermudan Fixed Constant bonds due September 24, 2031, with a 5.01% coupon rate.
The filing includes a cover page and interactive data file embedded within the inline XBRL document.
