The Federal Home Loan Bank of Des Moines (FHLB Des Moines) filed a Current Report on Form 8-K with the Securities and Exchange Commission on November 4, 2026, disclosing a series of debt issuances. The Bank reported the creation of direct financial obligations through the sale of consolidated obligations, which are bonds and discount notes backed by the financial resources of the eleven Federal Home Loan Banks.
The filing includes an exhibit detailing the specific securities committed to be issued. The total principal amount of the obligations reported in Schedule A is $2.32 billion. These securities include a mix of fixed-rate and variable-rate instruments with varying maturities ranging from 2027 to 2041.
The debt offerings include the following specific obligations:
- $300 million in Variable Single Index Floaters due November 3, 2028, with an optional principal redemption provision.
- $1 billion in Variable Single Index Floaters due April 12, 2027, with a non-callable status.
- $10 million in American Fixed Constant bonds due November 13, 2028, with a 6.00% coupon.
- $10 million in Bermudan Fixed Constant bonds due November 24, 2028, with a 5.10% coupon.
- $10 million in Bermudan Fixed Constant bonds due May 24, 2027, with a 5.00% coupon.
- $10 million in Bermudan Fixed Constant bonds due May 24, 2029, with a 5.00% coupon.
- $10 million in Bermudan Fixed Constant bonds due May 18, 2027, with a 5.36% coupon.
- $10 million in American Fixed Constant bonds due May 24, 2027, with a 5.50% coupon.
The consolidated obligations are sold to the public through the Office of Finance using authorized securities dealers. The Bank notes that these obligations are the joint and several obligations of the eleven Federal Home Loan Banks and are not guaranteed by the United States government.
