The Federal Home Loan Bank of Des Moines (FHLB Des Moines) filed a Current Report on Form 8-K on October 14, 2026, disclosing the issuance of debt securities known as consolidated obligations. These obligations, which include bonds and discount notes, are sold to the public through the Office of Finance using authorized securities dealers. The consolidated obligations are backed only by the financial resources of the eleven Federal Home Loan Banks and are not guaranteed by the United States government.
The filing includes a Schedule A detailing the specific debt instruments committed to be issued for which FHLB Des Moines is the primary obligor. The total principal amount of these obligations is $2.59 billion. The issuance includes a mix of fixed-rate and variable-rate instruments with various maturity dates ranging from one year to ten years.
The Schedule A lists the following specific obligations:
- $900 million in Variable Single Index Floater notes maturing on February 19, 2027.
- $650 million in Variable Single Index Floater notes maturing on January 20, 2027.
- $434 million in Variable Single Index Floater notes maturing on April 19, 2027.
- $50 million in European Variable Single Index Floater notes maturing on October 19, 2028.
- $50 million in Fixed Constant 4.60% notes maturing on October 15, 2027.
- $5 million in American Fixed Constant 6.25% notes maturing on October 20, 2036.
- $10 million in Bermudan Fixed Constant 5.00% notes maturing on October 30, 2028.
The filing notes that the principal amounts reported represent the par value of the obligations and may differ from amounts reported in financial statements due to factors such as discounts or premiums.
