The Federal Home Loan Bank of Des Moines has issued $5.2 billion in consolidated obligations, according to a Form 8-K filed with the Securities and Exchange Commission on November 9, 2026. The filing details the issuance of various debt instruments, including bonds and discount notes, which are the primary source of funding for the Bank.
The Schedule A attached to the filing outlines the specific terms of the debt. The issuance includes a mix of fixed-rate and variable-rate securities. Notable fixed-rate offerings include a $15 million bond with a 5.00% coupon maturing on May 24, 2027, and a $10 million bond with a 5.68% coupon maturing on May 18, 2027. Additionally, the Bank issued $500 million in variable-rate Single Index Floaters maturing on February 10, 2027.
The debt instruments are classified as consolidated obligations, which are the joint and several obligations of the eleven Federal Home Loan Banks. These obligations are sold to the public through the Office of Finance and are backed only by the financial resources of the Federal Home Loan Banks, rather than by the United States government.
