The Federal Home Loan Bank of Des Moines filed a Current Report on Form 8-K with the Securities and Exchange Commission on October 19, 2026, disclosing the issuance of consolidated obligations. These obligations consist of bonds and discount notes that serve as the primary source of funding for the Bank.
The filing includes Schedule A, which details the specific debt instruments committed to be issued. The Bank issued a total of $2,615,000,000 in consolidated obligations on various trade dates between October 19 and October 30, 2026.
The debt issuance profile includes a mix of fixed and variable rate instruments:
- Variable Rate Instruments: The Bank issued $1,662,000,000 in non-callable, variable-rate Single Index Floaters. These included issues maturing on March 18, 2027, May 20, 2027, April 20, 2027, January 21, 2027, and February 22, 2027.
- Fixed Rate Instruments: The Bank issued $953,000,000 in fixed-rate bonds. These included a $10,000,000 Bermudan Fixed Constant bond maturing October 30, 2028, a $10,000,000 American Fixed Constant bond maturing November 4, 2033, and a $5,000,000 American Fixed Constant bond maturing October 29, 2046.
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.
